Business
Veritone Announces Licensing Deal with Orchard Clips to Increase Accessibility of International Content
Orchard Clips, an existing Veritone Digital Media Hub customer, expands its relationship to leverage Veritone’s expansive network of buyers to unlock new
About this update from Veritone, Inc.
[{"type":"text","content":"\nOrchard Clips, an existing Veritone Digital Media Hub customer, expands its relationship to leverage Veritone’s expansive network of buyers to unlock new revenue streams\n\n\n DENVER--(BUSINESS WIRE)--\nVeritone, Inc. (NASDAQ: VERI), a leader in designing human-centered AI solutions, today announced a content licensing agreement with Orchard Clips, a division of UK-based OR Media Group and a preeminent source of Middle Eastern content. Orchard Clips will leverage Veritone’s extensive network of buyers to enhance content licensing opportunities in the Americas and generate additional revenue.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231130428424/en/Veritone announces licensing deal with Orchard Clips to increase accessibility of international content. Orchard Clips, an existing Veritone Digital Media Hub customer, expands its relationship to leverage Veritone’s expansive network of buyers to unlock new revenue streams.\n“We see tremendous potential in our partnership with Veritone,” said Luke Smedley, Head of Orchard Clips. “Not only does it allow us to highlight the depth and diversity of Middle Eastern content to a much broader audience, but it also presents an extraordinary revenue-generating opportunity through content licensing partnerships with Veritone in North and South America, opening doors for content creators seeking high-quality Middle Eastern content as well as global stock footage and images.”\n\n\nFor the past year, Veritone has supported Orchard Clips’ monetization and curation efforts through Veritone’s Digital Media Hub, producing a robust content archive with AI-enriched metadata, making content highly searchable. With the addition of the licensing agreement, Veritone customers can now leverage premium, high-quality Middle Eastern content, expanding international content offerings for projects including documentaries, feature films and episodic series.\n\n\n“We are thrilled to expand our relationship with Orchard Clips, which further solidifies our commitment to delivering premium content to our customers,” said Jay Bailey, Vice President of Content Licensing and Operations at Veritone. “Through our licensing agreement and the power of AI, Veritone can offer compelling moments, which have historically not been easily accessible in the Ame...