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Cineverse Unveils MatchpointAI: A Revolutionary AI Marketplace for Video Streaming Optimization
LOS ANGELES, July 26, 2023 /PRNewswire/ -- Cineverse Corp. ("Cineverse" or the "Company") (NASDAQ: CNVS), a global streaming technology and entertainment
About this update from Cineverse Corp.
[{"type":"text","content":"LOS ANGELES, July 26, 2023 /PRNewswire/ -- Cineverse Corp. (\"Cineverse\" or the \"Company\") (NASDAQ: CNVS), a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content library, today announced the release of MatchpointAI. This cutting-edge AI-based platform and marketplace is set to revolutionize the streaming landscape, providing an easy-to-use solution for video content producers, streaming platforms, and OEMs to prepare, optimize and future-proof their content through the power of AI.\n\n \n \n \n \n \n \n\n \nThe global AI in media & entertainment market size is expected to reach $99.48 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 26.9%.\nMatchpointAI is an innovative blend of Cineverse's proprietary AI tools and an array of pre-integrated third-party AI tools, marking a milestone in the advancement of video streaming technology. MatchpointAI leverages Cineverse's proprietary enterprise-grade content processing platform, Dispatch™, to provide content owners and streaming services access to industry-leading capabilities that can eliminate expensive, time consuming manual work preparing film and television assets for global distribution. With more than 4,500 streaming services across 180 countries, companies face unprecedented issues in scale processing of even modest-sized content libraries. MatchpointAI will provide companies a premium, affordable path to scale global content processing and delivery at far lower error rates at substantially reduced costs, while simultaneously preparing content libraries for next-generation implementations. The platform is now available with the following proprietary and third-party AI tools fully integrated:\nProprietary AI Tools:\nMatchpoint QC: Our proprietary Video QC tool utilizes AI to conduct thorough quality control inspections across more than 75 different parameters across both original source video and audio elements ensuring that all ingested assets pass a stringent quality control process.Dispatch Detect: This state-of-the-art tool employs sophisticated AI technology, utilizing computer vision and a sophisticated rules-based framework to intelligently detect and create frame-accurate ad breaks within video content which adhering to...