Business
Cineverse & Amagi Expand Partnership: Amagi CONNECT to Power FAST Channels on Cineverse
One of the Largest Portfolios of Owned and Operated Streaming Channels & Platforms Joins Amagi's FAST Marketplace Allowing for Quicker Monetization and an
About this update from Cineverse Corp.
[{"type":"text","content":"One of the Largest Portfolios of Owned and Operated Streaming Channels & Platforms Joins Amagi's FAST Marketplace Allowing for Quicker Monetization and an Easier Discovery Process for Platforms Around the World\nLOS ANGELES, July 17, 2023 /PRNewswire/ -- Cineverse Corp. (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, announced today that it is expanding its strategic partnership with Amagi to leverage Amagi CONNECT, the premiere end-to-end FAST marketplace with global reach. As part of this partnership, Amagi will provide its portfolio of hundreds of FAST channels to the flagship Cineverse streaming service as well as add Cineverse's portfolio of streaming channels to the Amagi CONNECT marketplace. The partnership aims to bring more third-party content to Cineverse and expand Cineverse's reach internationally by allowing more streaming platforms the ability to discover the large breadth of streaming content the Company has to offer.\n\n \n \n \n \n \n \n\n \nAmagi, the global leader in cloud-based SaaS technology for broadcast and connected TV, continues to grow its end-to-end FAST marketplace, Amagi CONNECT, to facilitate the discovery, connection, and monetization of streaming content around the world.\nAmagi CONNECT has become the preferred choice for many FAST platforms, including LG Channels, Plex, TCL, VIDAA Free, Rakuten TV, Xiaomi, Redbox, Canela, Netgem, and more, as they seek to offer their viewers the highest quality content available in global markets.\n\"Cineverse's existing presence as a Top 10 provider of AVOD catalog will be further bolstered by this partnership, positioning us as major player in the $18 Billion FAST space,\" said Erick Opeka, President & Chief Strategy Officer of Cineverse. \"Additionally, it establishes Cineverse as a top competitor in the rapidly expanding high-growth arena of streaming offerings.\"\n\"Expanding our relationship to leverage Amagi CONNECT is an important step in our plans to expand the availability of channels on Cineverse while also fast-tracking our ability to establish a FAST business internationally,\" stated Tony Huidor, Chief Operating Officer & Chief Technology Officer at Cineverse. \"Amagi's marketplace and industry-leading reach will allow us to expand our gr...