CuriosityStream Expands Content Licensing to Drive Revenue Growth and Meet Growing AI Training Demands
January 15 2025 - 9:00AM
Business Wire
Speaking at the 27th Annual Needham Growth Conference in New
York this week, Clint Stinchcomb, President and CEO of
CuriosityStream Inc. (Nasdaq: CURI), a leading global factual
entertainment company, signaled significant revenue growth for the
company this year from content and data licensing.
With AI-driven innovation at the forefront of technology,
CuriosityStream has seen exceptional demand for its video, audio,
image, and data assets to train next-gen AI models.
“AI is fundamentally transforming the technology landscape, and
CuriosityStream is uniquely positioned to deliver content at scale
to meet the evolving needs of AI model training,” said Stinchcomb.
“These opportunities are part of our broader strategy to unlock new
and significant revenue streams that complement our subscription
business. In light of our work with various hyper-scalers and other
tech companies for AI video training, we believe our overall
licensing revenue will be more than half of our direct subscription
revenue this year. And we believe this will be the case for some
time going forward.”
Cautionary Statements Regarding Forward-Looking
Information
Certain statements in this press release may be considered
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995 including, but not limited
to, CuriosityStream’s expectations or predictions of future
financial or business performance or conditions, plans to pay
regular dividends, consumers’ valuation of factual content, and the
Company’s continued success. Forward-looking statements are
inherently subject to risks, uncertainties and assumptions.
Generally, statements that are not historical facts, including
statements concerning possible or assumed future actions, business
strategies, events or results of operations, are forward-looking
statements. These statements may be preceded by, followed by or
include the words “believes,” “estimates,” “expects,” “projects,”
“forecasts,” “may,” “will,” “should,” “seeks,” “plans,”
“scheduled,” “anticipates,” “predicts” or “intends” or similar
expressions. Such forward-looking statements involve risks and
uncertainties that may cause actual events, results or performance
to differ materially from those indicated by such statements.
Certain of these risks are identified and discussed under “Risk
Factors” in CuriosityStream’s Annual Report on Form 10-K for the
year ended December 31, 2023, that the Company filed with the
Securities and Exchange Commission (the “SEC”) on March 25, 2024,
and in CuriosityStream’s other SEC filings. These risk factors are
important to consider in determining future results and should be
reviewed in their entirety. Forward-looking statements are based on
the current belief of the management of CuriosityStream, based on
currently available information, as to the outcome and timing of
future events, and involve factors, risks, and uncertainties that
may cause actual results in future periods to differ materially
from such statements. However, there can be no assurance that the
events, results or trends identified in these forward-looking
statements will occur or be achieved. Forward-looking statements
speak only as of the date they are made, and CuriosityStream is not
under any obligation, and expressly disclaims any obligation to
update, alter or otherwise revise any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by law. Readers should carefully review the
statements set forth in the reports that CuriosityStream has filed
or will file from time to time with the SEC.
In addition to factors previously disclosed in CuriosityStream’s
reports filed with the SEC and those identified elsewhere in this
communication, the following factors, among others, could cause
actual results to differ materially from forward-looking statements
or historical performance: (i) risks related to CuriosityStream’s
ability to maintain and develop new and existing revenue-generating
relationships and partnerships or to significantly increase
CuriosityStream’s subscriber base and retain customers; (ii) the
effects of pending and future legislation; (iii) risks of the
internet, online commerce and media industry; (iv) the highly
competitive nature of the internet, online commerce and media
industry and CuriosityStream’s ability to compete therein; (v)
litigation, complaints, and/or adverse publicity; and (vi) privacy
and data protection laws, privacy or data breaches, or the loss of
data.
About CuriosityStream Inc.
CuriosityStream Inc. is the entertainment brand for people who
want to know more. The global media company is home to
award-winning original and curated factual films, shows, and series
covering science, nature, history, technology, society, and
lifestyle. With millions of subscribers worldwide and thousands of
titles, the company operates the flagship Curiosity Stream SVOD
service, available in more than 175 countries worldwide; Curiosity
Channel, the linear television channel available via global
distribution partners; Curiosity University, featuring talks from
the best professors at the world's most renowned universities as
well as courses, short and long-form videos, and podcasts;
Curiosity Now, Curiosity Explora, and other free, ad-supported
channels; Curiosity Audio Network, with original content and
podcasts; and Curiosity Studios, which oversees original
programming. Curiosity Inc. is a wholly owned subsidiary of
CuriosityStream Inc. (Nasdaq: CURI). For more information, visit
CuriosityStream.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250115566709/en/
CuriosityStream Investor Relations Vanessa Gillon
IR@CuriosityStream.com
CuriosityStream (NASDAQ:CURI)
Historical Stock Chart
From Dec 2024 to Jan 2025
CuriosityStream (NASDAQ:CURI)
Historical Stock Chart
From Jan 2024 to Jan 2025