Veritone Extends Agreement with Audacy, Bringing In-Depth, AI-Powered Analytics to Dynamic Audio Content

Rhea-AI Summary

Veritone (Nasdaq: VERI) has extended its partnership with Audacy (NYSE: ETM), enhancing its AI-powered content analysis capabilities. The collaboration enables Audacy to utilize Veritone Discovery, an AI-driven application that processes and analyzes unstructured media, offering in-depth insights into content performance. This partnership allows Audacy to visualize advertising effectiveness across 230 stations in 47 markets. Audacy's Chief Revenue Officer emphasized the value of these AI solutions in improving analytics for their clients and partners.

Positive

• Extension of partnership with Audacy enhances AI capabilities.
• Audacy can analyze content performance across 230 stations in 47 markets, improving advertising efficacy insights.
• Veritone Discovery application offers in-depth analytics visibility to meet stakeholder demands.

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• None.

Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, today announced that it has extended its agreement with Audacy (NYSE: ETM), a scaled, multi-platform audio content and entertainment company with the country’s best radio broadcasting group, a leader in virtually every segment of audio, and America’s #1 creator of original, premium audio.

(Graphic: Business Wire)

Formerly known as Entercom, Audacy was one of the earliest adopters of Veritone Discovery, the AI-powered content search and analysis application that enables Audacy to ingest, index, organize and analyze its unstructured media to provide in-depth analytics visibility into their content performance and meet the demands of their brands, advertisers and other stakeholders. With Veritone Discovery, Audacy is also able to rapidly visualize and correlate advertising efficacy for over 230 stations in 47 markets nationwide.

“Veritone’s AI solutions have deepened our analytic capabilities and what we’re able to offer our clients and partners,” said Bob Phillips, Chief Revenue Officer at Audacy. “We look forward to continuing our relationship with Veritone, as together we continue to unlock the power of audio.”

The agreement will also allow Audacy to leverage the recent updates to Veritone Discovery. These include new Earned Media

FAQ

What is the recent announcement from Veritone regarding Audacy?

Veritone announced the extension of its partnership with Audacy, enhancing AI-driven content analysis.

How does the partnership between Veritone and Audacy benefit stakeholders?

The partnership allows for better analytics visibility and advertising efficacy insights across Audacy's extensive network.

What is Veritone Discovery and its role in the agreement with Audacy?

Veritone Discovery is an AI-powered application that helps Audacy analyze unstructured media and improve content performance analytics.

What markets does Audacy cover with the Veritone Discovery tool?

Audacy utilizes Veritone Discovery for over 230 stations across 47 markets nationwide.

What does Audacy's Chief Revenue Officer say about the partnership?

The Chief Revenue Officer highlighted that Veritone's AI solutions have deepened analytics capabilities for their clients and partners.