Veritone Announces Licensing Deal with Orchard Clips to Increase Accessibility of International Content

Rhea-AI Summary

Veritone, Inc. (NASDAQ: VERI) announced a content licensing agreement with Orchard Clips, a division of UK-based OR Media Group, to enhance content licensing opportunities in the Americas and generate additional revenue. Orchard Clips will leverage Veritone’s extensive network of buyers to unlock new revenue streams and offer high-quality Middle Eastern content to a broader audience.

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

DENVER--(BUSINESS WIRE)-- Veritone, 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.

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.

“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.”

For 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.

“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 Americas, to creatives to strengthen and tell their stories.”

As the licensing representative for Orchard Clips content in North and South America, Veritone will play a pivotal role in maximizing the reach and impact of the diverse narratives captured by Orchard Clips’ footage. Footage includes stories of war and peace, politics and revolution, poverty and prosperity, as well as traditional, premium-quality stock assets in any context to enrich storytelling projects.

Orchard Clips operates as a clip-licensing business catering to both English- and Arabic-speaking broadcasters and filmmakers. As the go-to source for premium Middle Eastern content, Orchard Clips boasts a captivating collection that spans the region’s history, offering a comprehensive perspective on both its past, present and future.

For more information about Veritone’s AI-powered licensing solutions, please visit licensing.veritone.com and https://www.veritone.com/applications/digital-media-hub/.

To visit the Orchard Clips collection, please visit https://www.orchardclips.com.

About Veritone

Veritone (NASDAQ: VERI) designs human-centered AI solutions. Serving customers in the talent acquisition, media, entertainment and public sector industries, Veritone's software and services empower individuals at the world’s largest and most recognizable brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s leading enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models, transforming data sources into actionable intelligence. Guided by its commitment to responsible AI use, Veritone blends human expertise with AI technology to advance human potential and help organizations achieve more than ever before.

To learn more, visit Veritone.com.

Safe Harbor Statement

This news release contains forward-looking statements. Without limiting the generality of the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “estimate” or “continue” or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Assumptions relating to the foregoing involve judgments and risks with respect to various matters which are difficult or impossible to predict accurately and many of which are beyond the control of Veritone. Certain of such judgments and risks are discussed in Veritone’s SEC filings. Although Veritone believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Veritone or any other person that their objectives or plans will be achieved. Veritone undertakes no obligation to revise the forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231130428424/en/

Valerie Christopherson or Lora Metzner

Global Results Comms (GRC)

+1 949 608 0276

Veritone@globalresultspr.com

Sarah Rich

Veritone

srich@veritone.com

Luke Smedley

Orchard Clips

Luke.Smedley@OrchardClips.com

Source: Veritone, Inc.

FAQ

What is the latest announcement from Veritone, Inc. (NASDAQ: VERI)?

Veritone, Inc. (NASDAQ: VERI) announced a content licensing agreement with Orchard Clips, a division of UK-based OR Media Group, to enhance content licensing opportunities in the Americas and generate additional revenue.

How will Orchard Clips benefit from the partnership with Veritone, Inc. (NASDAQ: VERI)?

Orchard Clips will leverage Veritone’s extensive network of buyers to unlock new revenue streams and offer high-quality Middle Eastern content to a broader audience.

What kind of content does Orchard Clips offer?

Orchard Clips offers a captivating collection of premium Middle Eastern content, spanning the region’s history and offering a comprehensive perspective on both its past, present, and future.

Who is the head of Orchard Clips?

Luke Smedley is the Head of Orchard Clips.

What role will Veritone play in maximizing the reach and impact of Orchard Clips' footage?

Veritone will play a pivotal role in maximizing the reach and impact of the diverse narratives captured by Orchard Clips’ footage, including stories of war and peace, politics and revolution, poverty and prosperity, as well as traditional, premium-quality stock assets.

How will Veritone's AI technology benefit content creators and filmmakers?

Veritone’s AI technology will offer compelling moments, which have historically not been easily accessible in the Americas, to creatives to strengthen and tell their stories.