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 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.

The 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%.

MatchpointAI 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:

Proprietary AI Tools:

• Matchpoint 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 the published specifications of all streaming platforms. This tool effectively eliminates the need for manual screening of video content - a process that is both time-consuming and costly.
  
  
• Dispatch Keystone: This innovative graphics AI-based tool automatically creates movie and television series art in hundreds of different graphic formats to the exact specification of every streaming platform, eliminating the need for human graphic artists to manually create and export end-user art in a variety of formats and resolutions.

Third-Party AI Tools and Plugins:

• OpenAI: The original pioneering general AI solution, Our OpenAI plugin helps users complete critical metadata with precision, addressing areas such as missing film synopsis, cast information, and production credits, making content more robust and user-friendly.
• VionLabs: VionLabs' AI platform offers a comprehensive analysis of subjective traits of a film such as theme, mood, color palette, and tone to inform recommendation engines in a far more subjective manner with enriched metadata that will enhance user's search and viewing experience.
• Papercup AI: Papercup's AI-powered dubbing lets content owners localize their videos into multiple languages at scale. Papercup's AI voices and team of professional translators mean quality content can now receive quality dubbing much faster and more affordable. 
• Iris.tv: Iris.tv brings a unique approach to contextual metadata creation targeting premium ad buyers. Through this integration, MatchpointAI drives Iris.tv's AI tools to create contextual metadata tags at a scene-level. The resulting unique identifiers can then be passed on to ad buyers seeking to micro-target their ad buys.
• Valossa: Valossa's AI technology excels in creating AI-generated 15 & 30 second preview and promotional clips and providing scene-level contextual tags, enhancing user engagement by enabling a superior search experience and more relevant content recommendations.
• Spherex: Spherex's AI solution automates the process of reviewing titles for content compliance at a territory level. From inappropriate language to nudity, violence and more, the product identifies objectionable content based on local regulations and cultural sensitivities. This provides an efficient and accurate process for content screening to meet established broadcast standards & practices, thereby adhering to the vast legal and cultural needs of global platforms efficiently and at scale.
• Venera Technologies CapMate: CapMate AI-based solution provides an automated, efficient way to verify and correct accompanying caption/subtitle files, ensuring they meet the stringent FCC requirements set by the government and streaming platforms.
• Venera Technologies Quasar: Quasar is the first AWS-verified native-cloud A/V QC solution with advanced Audio/Video verification capabilities as well as support for 4K, HDR, Dolby Atmos, and Harding PSE, ensuring all media files are free of artifacts, meeting high quality standards expected by various media and streaming platforms.
• Audible Magic: Audible Magic's identification solution leverages audio fingerprinting technology, providing a comprehensive audio matching solution against a massive library of audio fingerprints for major label and most independent label music catalogs. Through Matchpoint's fully integrated solution, the process of scanning source video assets to identify royalty-bearing music used within video content is now automated along with the creation of music cue sheets which enable performance rights organizations to accurately compensate artists and composers.

All these tools are readily available to existing customers via Cineverse's robust distribution platform, Matchpoint Dispatch, providing businesses with a simplified billing and go-to-market solution.

"MatchpointAI is a watershed moment in the video streaming industry, offering a plethora of unmatched AI capabilities under one roof," said Dr. Sudeept Bhatnagar, Head of Cineverse R&D. "As we continue to expand our AI portfolio, MatchpointAI is poised to become the hub for both enterprises' and consumers' video creation and distribution requirements. Our platform's scalability, flexibility and extensible framework promise a future of limitless innovation by extending our native capabilities by partnering with best-in-class technology partners that service the video streaming industry."

As Cineverse continues to forge ahead, the company will continue to develop new tools and evaluate relevant tools from the rapidly growing ecosystem of AI technology providers. This continuous development ensures MatchpointAI will remain at the forefront of AI innovation for streaming optimization. For the next phase, the company is evaluating additional tools to automate cleaning, scaling and restoring content, and is developing new generative AI tools to help users create timed edits, trailers, and enhanced promotional content.

"MatchpointAI represents a monumental leap forward in the streaming industry, delivering unrivaled scalability and robustness," said Marcus Bergström, CEO of Vionlabs, a strategic cognitive AI partner. "With its advanced capabilities and seamless integration of AI tools, MatchpointAI is truly a game-changer. Vionlabs are proud to be part of this transformative journey, contributing our groundbreaking cognitive AI technology to bring next generation metadata to Cineverse and its customers."

To learn more about MatchpointAI including the available pricing models, please visit www.matchpoint.tv.

About Matchpoint
Matchpoint, a revolutionary product by Cineverse, is set to change the video streaming landscape. With a mix of proprietary and third-party AI-based tools, Matchpoint is revolutionizing how businesses prepare and optimize their content for streaming.

About Cineverse
Cineverse is a global streaming technology and entertainment company, boasting one of the world's largest portfolios of streaming channels and content libraries. Cineverse entertains consumers worldwide through a range of SVOD, AVOD, and FAST channels, all powered by its advanced proprietary technology platform. In addition, Cineverse provides technology services to some of the world's largest media, retail, and technology companies. For more information, visit www.cineverse.com.

Safe Harbor Statement
Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of Cineverse officials during presentations about Cineverse, along with Cineverse's filings with the Securities and Exchange Commission, including Cineverse's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-K, are "forward-looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act''). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates,'' "intends,'' "plans,'' "could," "might," "believes,'' "seeks," "estimates'' or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings, or growth rates), ongoing business strategies or prospects, and possible future actions, including those relating to the timing and completion of the proposed offering, which may be provided by Cineverse's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties, and assumptions about Cineverse, its technology, economic and market factors, and the industries in which Cineverse does business, among other things. These statements are not guarantees of future performance, and Cineverse undertakes no specific obligation or intention to update these statements after the date of this release.

For additional information, please contact:

The Lippin Group for Cineverse                             
[email protected]

At Cineverse
Julie Milstead
424-281-5411
[email protected] 

The Equity Group Inc.
Carolyne Sohn
408-538-4577
[email protected]

SOURCE Cineverse Corp.