LOS
ANGELES and OULU, Finland, March 30,
2023 /PRNewswire/ -- Cinedigm Corp. (NASDAQ:
CIDM), the premier independent streaming entertainment company
super-serving enthusiast audiences, today announced an agreement
with Valossa Labs OY as its video Artificial Intelligence
(AI) technology partner and vendor for its flagship streaming
service Cineverse.
This partnership enhances the user experience for
Cineverse by utilizing Valossa's human-level
cognitive automation systems. Valossa Autopreview™ is a
fully automated promotion engine that creates a more dynamic
content experience and drives deeper viewer engagement across
Cineverse's library of over 20,000 video titles, among the
largest free streaming libraries currently available.
Valossa's video automation product
Autopreview™ detects and interprets deep audio-visual content
on a frame-by-frame basis in order to create frame-accurate
contextual metadata tags and generate professional-grade video
previews automatically for the films and television series offered
on Cineverse. The benefits of this technology are immense
from a content programming, content discovery and targeted
advertising perspective.
"As we continue to increase the size of our content offering on
Cineverse, the need to refine and improve content discovery becomes
more paramount to our goal of becoming the 'Spotify of Independent
Film,'" stated Tony Huidor,
Cinedigm's Chief Technology & Product Officer. "By design, one
of the many competitive advantages that our Matchpoint platform
offers us is the ability to leverage innovative third-party
technologies and integrate with cutting-edge technology providers,
like Valossa, to continually innovate and raise the bar on what
users expect of their streaming services".
"We are proud to deliver our cutting-edge AI technology to
Cinedigm, the premier independent streaming company in the US,"
noted Mika Rautiainen, CEO of
Valossa Labs OY. "This partnership is a testament to our pursuit of
delivering next-generation media solutions that help companies
monetise their titles across global markets by leveraging recent
advances in machine learning and artificial intelligence,"
Rautiainen added.
"Years of development with VALOSSA AI™ contextual
intelligence stack has brought us to a level where computer systems
can both interpret and repurpose video assets and help distributors
to more effectively reach the right audiences in online
environments. Our AI-assisted video solutions are establishing a
new standard across the entertainment industry with a fast-growing
number of international customers," says Rautiainen.
About Cinedigm
For over 20 years, Cinedigm (NASDAQ:
CIDM) has led the digital transformation of the entertainment
industry. Today, Cinedigm entertains consumers around the globe by
providing premium feature film and television series, enthusiast
streaming channels and technology services to the world's largest
media, retail, and technology companies. As a leader in the
streaming industry, Cinedigm continues its legacy as an innovator
through its adoption of next-generation technologies, such as
artificial intelligence and machine learning, through its
proprietary, highly scalable Matchpoint®
technology platform. For more information, visit
www.cinedigm.com.
About Cineverse
Cineverse is your ticket to a world of entertainment delights,
thrilling filmmaker discoveries, and more. In a world where
algorithms steer viewers towards the
predictable, Cineverse will buck that trend with a focus
not only on passionate curation but also by leveraging
Cinedigm's Matchpoint technology to provide content
recommendations based on real-time feedback from viewers. From
artfully entertaining American indies to the boldest in global film
and television, emerging voices, and non-fiction
storytelling, Cineverse's library of world-class, on-demand
content, and lineup of free linear channels, will reward the
curious and adventurous.
About VALOSSA LABS OY
VALOSSA, a high-technology Finnish company founded in 2015,
provides unparalleled video recognition and content intelligence
products to capture new value of growing video volumes and monetize
video content safely and at scale. VALOSSA AI™ is a
world-leading video artificial intelligence framework that enables
a completely new generation of applications for video content
analytics, logging, profiling and discovery. It understands video
like a human and takes care of repetitive cognitive tasks to meet
the demands of rapidly growing video consumption.
Press Contacts for Cinedigm:
The Lippin Group for
Cinedigm
cinedigm@lippingroup.com
Julie Milstead
investorrelations@cinedigm.com
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SOURCE Cinedigm Corp.