Loop Media Partners With AssemblyAI To Launch Its AI-Powered Brand Safety Solution

Rhea-AI Summary

Loop Media, Inc. (LPTV) introduces AI-Powered Brand Safety Layer to protect venue partners from unsuitable or competitive ads. This free service uses advanced ad detection techniques and AI models to ensure brand integrity for businesses using Loop TV streaming channels.

Positive

• Loop Media offers a cutting-edge AI solution to safeguard businesses from inappropriate or competitive ads, addressing a significant concern for venues operating free ad-supported streaming television channels.

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• None.

Loop Media, a leading provider of streaming television media solutions for businesses, has introduced an advanced brand safety layer to safeguard its venue partners against unsuitable or competitive advertisements.

GLENDALE, Calif.--(BUSINESS WIRE)-- Loop Media, Inc. ("Loop Media") (NYSE American: LPTV), the premier streaming television media company for businesses, serving over 2 billion monthly video views across restaurants, retail stores, office buildings, medical facilities, airports, bars, and college campuses, proudly announces the deployment of its AI-Powered Brand Safety Layer to all clients and partners, at no additional cost.

Maintaining brand integrity is of paramount importance for venues that operate free ad-supported streaming television channels. Loop Media now offers state-of-the-art ad detection techniques at scale, ensuring businesses are shielded from inappropriate or competitive advertisements.

"Preserving a business' reputation is paramount," stated Bob Gruters, Chief Revenue Officer of Loop Media. "Traditionally, businesses have not only been burdened with the cost of their television service but have also been compelled to accept all ads displayed without any control."

Loop Media's Brand Safety Layer is a cutting-edge network service that operates seamlessly with any demand-side platform (DSP). Through a partnership with AssemblyAI, Loop Media leverages advanced artificial intelligence models to analyze speech, detect unsuitable content, and identify competitive keywords in advertisements streamed on Loop TV streaming channels.

"Platforms like Loop TV have to process billions of ad requests monthly. Thanks to recent significant advances in AI, Loop TV can now rely on the AI technology AssemblyAI offers, to more effectively and efficiently ensure brand safety and that each advertisement shown on the Loop TV platform aligns with venue brand values," explained Dylan Fox, Founder & CEO at AssemblyAI.

AssemblyAI builds on the latest state-of-the-art AI research to offer production-ready, secure, and scalable AI models for speech recognition, speaker detection, speech summarization, and more. The Company's AI models are used by thousands of breakthrough startups and global enterprises.

About Loop Media, Inc.

Loop Media, Inc. ("Loop Media") (NYSE American: LPTV) is a leading digital out of home (DOOH)TV and digital signage platform optimized for businesses, providing free music video, news, sports and entertainment channels through its Loop TV service. Loop Media is the leading company in the U.S. licensed to stream music videos to businesses through its proprietary Loop Player.

Loop Media’s digital video content reaches millions of viewers in DOOH locations including bars/restaurants, office buildings, retail businesses, college campuses, airports and on free ad-supported TV platforms and at local gas stations on GSTV terminals in the United States. Loop is fueled by one of the largest and most important short form entertainment libraries that includes music videos, movie trailers, branded content and live performances. Loop Media’s non-music channels cover a multitude of genres and moods and include movie trailers, sports highlights, lifestyle and travel videos, viral videos and more. Loop Media’s streaming services generate revenue from advertising, sponsorships, integrated marketing and branded content, and from subscriptions.

To learn more about Loop Media products and applications, please visit us online at Loop.tv

Follow us on social:

Instagram: @loopforbusiness
Twitter: @loopforbusiness
LinkedIn: https://www.linkedin.com/company/loopforbusiness

Safe Harbor Statement and Disclaimer

This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, but not limited to, Loop Media’s ability to compete in the highly competitive markets in which it operates, statements regarding Loop Media’s ability to develop talent and attract future talent, the success of strategic actions Loop Media is taking, and the impact of strategic transactions. Forward-looking statements give our current expectations, opinion, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including "will," "may," "expects," "projects," "anticipates," "plans," "believes," "estimate," "should," and certain of the other foregoing statements may be deemed forward-looking statements. Although Loop Media believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. Loop Media takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by Loop Media. Loop Media’s SEC filings are available at www.sec.gov.

About AssemblyAI

At AssemblyAI, we build AI models and systems that developers and product teams use to ship transformational AI-powered products. As an applied AI company, our mission is to empower app builders to build 10x faster, focus on their specific use cases and user needs, and win market share with a true technology partner. We've raised over $63M in funding from leading investors, including Insight Partners, Accel, and Y Combinator. Learn more at AssemblyAI.com.

Follow AssemblyAI on social:

Twitter: https://twitter.com/AssemblyAI
LinkedIn: https://www.linkedin.com/company/assemblyai/
YouTube: https://www.youtube.com/@AssemblyAI

View source version on businesswire.com: https://www.businesswire.com/news/home/20230725818778/en/

Loop Media Press Contact

Jon Lindsay Phillips | PhillComm Global

Loop@PhillComm.Global

Loop Media Investor Contact

Jim Cerna, Head of Capital Markets | Loop Media

ir@loop.tv

Source: Loop Media, Inc.

FAQ

What is Loop Media introducing to protect its venue partners from unsuitable or competitive advertisements?

Loop Media introduces an AI-Powered Brand Safety Layer to ensure brand integrity for businesses using Loop TV streaming channels.

How does Loop Media's Brand Safety Layer operate?

The Brand Safety Layer operates seamlessly with any demand-side platform (DSP) and uses advanced artificial intelligence models to analyze speech, detect unsuitable content, and identify competitive keywords in advertisements streamed on Loop TV channels.

Who does Loop Media partner with to leverage advanced AI technology for brand safety?

Loop Media partners with AssemblyAI, a company that offers production-ready, secure, and scalable AI models for speech recognition, speaker detection, and more.