Publishers with Large Film & TV Libraries
– and Tech Companies Looking to License Video Content to Train AI
Models – can Engage Cineverse to Secure & Monetize AI
Content Rights
LOS
ANGELES, Dec. 18, 2024 /PRNewswire/ --
Cineverse (Nasdaq: CNVS), an innovative next-generation
entertainment studio, today announced the launch of
Matchpoint Reel Visuals AI – a new revenue-driving
artificial intelligence (AI) rights management service.
Reel Visuals AI empowers those who own libraries of feature
films, television shows and podcasts to take advantage of growing
demand from AI companies to acquire audio/video content to train
artificial intelligence models at scale. Through a unique
non-exclusive revenue-sharing offering,
Cineverse will ensure that content creators and rights
holders – from independent production companies and large global
studios to AI training rights agents and content aggregators – are
compensated for use of their video content in AI training while
also eliminating the associated delivery costs that often make the
opportunity to profit in this space unviable.
Through the power of Cineverse's Matchpoint™ technology
suite, content partners can benefit from added efficiencies,
such as the ability to quickly ingest, normalize, deliver, and
store large volumes of video content with integrated rights
management capabilities. Unlike data brokers and licensing agents
that are actively pursuing these AI training rights, Cineverse
provides a complete end-to-end solution from an established
distribution partner that eliminates their delivery costs resulting
in higher profit margins and a faster time to market.
Cineverse is actively licensing AI rights from third-party
content owners who control large film and TV catalogs. To date the
Company represents AI training rights for more than 350,000 hours
of video and audio content. More information can be found at
reel-visuals.ai.
"With Reel Visuals AI, we are helping to ensure that those who
control the underlying rights to film and TV shows that are used to
train LLMs are compensated fairly while utilizing our technology to
reduce their costs," said Cineverse Chairman and CEO
Chris McGurk. "Putting content
owners first is paramount to all of our AI offerings, from
cineSearch, which will help get their content discovered and
surfaced above the noise of so many streaming choices, to
end-to-end solutions that help monetize their AI rights by
providing an avenue for them to benefit from the value of their
assets on an opt-in basis."
According to a recent report by Grand View Research, the global
AI training dataset market was valued at USD
2.60 billion in 2024 and is projected to reach USD 10.31 billion by 2030, growing at a CAGR of
21.9% during the forecast period. This significant growth
underscores the increasing demand for high-quality data to train AI
models across various industries, including the film and television
industry.
Added Cineverse COO and CTO Tony
Huidor, "As a pioneer in aggregating and delivering
video since the advent of streaming, we are stepping into an
important leadership role by establishing a much-needed framework
that will ensure that intellectual property rights are respected
and content owners are properly compensated. It is imperative that
we not only work to resolve emerging market issues but also
advocate for ethical AI content procurement practices by pursuing
equitable compensation for the use of video in AI training. With
Matchpoint, we are uniquely positioned to leverage our distribution
expertise and proprietary technology in a way that provides
benefits through Reel Visuals AI in this fast-emerging market."
Reel Visuals AI is part of Cineverse's broader AI
initiatives announced this year, highlighting the company's focus
on innovation in machine learning. Cineverse has also developed
cineSearch, its AI-powered content discovery tool recognized by
Media Play News in this month's cover story "2024's Top
Transformative Triumphs in AI", calling it "a gamechanger [that]
redefines how viewers discover movies and TV shows." Additionally,
partnerships with AI leaders like XL8 brought AI-driven captioning
and localization to the Matchpoint platform, enhancing
accessibility and personalization for global audiences. These
advancements, among others, position Cineverse as a leader in
AI-driven entertainment discovery and distribution.
About Cineverse Technologies
Cineverse develops technology that powers the future of
entertainment. It's proprietary Matchpoint™ suite of streaming
technology and AI tools – first utilized to manage the company's
owned-and-operated services is now offered to third parties as a
SaaS solution – supports filmmakers, media companies, streaming
platforms and OEMs. cineSearch, the AI-powered search and discovery
tool for film and television, makes deciding what to watch as
entertaining as the entertainment itself. Additionally, the C360
programmatic audience network and ad-tech platform provides brands
the opportunity to target and reach key fandoms wherever they
are.
About Cineverse
Cineverse (Nasdaq: CNVS) is a next-generation
entertainment studio that empowers creators and entertains fans
with a wide breadth of content through the power of technology. It
has developed a new blueprint for delivering entertainment
experiences to passionate audiences and results for its partners
with unprecedented efficiency, and distributes more than 71,000
premium films, series, and podcasts. Cineverse connects fans with
bold, authentic, independent stories . Properties include the
highest-grossing non-rated film in U.S. history; dozens of
streaming fandom channels; a premier podcast network; top horror
destination Bloody Disgusting; and more. Powering visionary
storytelling with cutting-edge innovation, Cineverse's proprietary
streaming tools and AI technology drive revenue and reach to
redefine the next era of entertainment.
For more information, visit home.cineverse.com.
CONTACTS:
For Media, The Lippin Group for Cineverse
cineverse@lippingroup.com
For Investors, Julie Milstead
investorrelations@cineverse.com
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SOURCE Cineverse Corp.