Veritone to Manage and Monetize Court TV’s Expansive Digital Library
Veritone (NASDAQ: VERI) has announced a partnership with Court TV to manage and monetize their extensive content library dating back to 1991. Through Veritone's AI-powered Digital Media Hub (DMH), Court TV will efficiently organize and provide secure access to its content for affiliate networks, media professionals, and legal institutions. The partnership includes Veritone's Content Licensing service, which will help Court TV generate new revenue by offering its content to filmmakers, documentarians, and podcasters. Court TV's library contains thousands of hours of coverage from major legal cases over the past 30 years, and this collaboration aims to maximize content value through AI technology.
Veritone (NASDAQ: VERI) ha annunciato una partnership con Court TV per gestire e monetizzare il loro vasto archivio di contenuti risalente al 1991. Grazie al Digital Media Hub (DMH) alimentato dall'IA di Veritone, Court TV organizzerà in modo efficiente e fornirà accesso sicuro ai propri contenuti per reti affiliate, professionisti dei media e istituzioni legali. La partnership include il servizio di licensing dei contenuti di Veritone, che aiuterà Court TV a generare nuovi ricavi offrendo i propri contenuti a cineasti, documentaristi e podcaster. L'archivio di Court TV contiene migliaia di ore di copertura dei principali casi legali degli ultimi 30 anni, e questa collaborazione mira a massimizzare il valore dei contenuti attraverso la tecnologia IA.
Veritone (NASDAQ: VERI) ha anunciado una asociación con Court TV para gestionar y monetizar su extensa biblioteca de contenidos que se remonta a 1991. A través del Digital Media Hub (DMH) impulsado por IA de Veritone, Court TV organizará de manera eficiente y proporcionará acceso seguro a su contenido para redes afiliadas, profesionales de los medios e instituciones legales. La asociación incluye el servicio de licencias de contenido de Veritone, que ayudará a Court TV a generar nuevos ingresos al ofrecer su contenido a cineastas, documentaristas y podcasters. La biblioteca de Court TV contiene miles de horas de cobertura de importantes casos legales de los últimos 30 años, y esta colaboración tiene como objetivo maximizar el valor del contenido a través de la tecnología de IA.
Veritone (NASDAQ: VERI)는 Court TV와 협력하여 1991년부터 시작된 방대한 콘텐츠 라이브러리를 관리하고 수익화하기 위한 파트너십을 발표했습니다. Veritone의 AI 기반 Digital Media Hub (DMH)를 통해 Court TV는 콘텐츠를 효율적으로 정리하고 제휴 네트워크, 미디어 전문가 및 법적 기관을 위한 안전한 접근을 제공할 것입니다. 이 파트너십에는 새로운 수익을 생성하기 위해 영화 제작자, 다큐멘터리 제작자, 팟캐스터에게 콘텐츠를 제공하는 Veritone의 콘텐츠 라이센스 서비스가 포함됩니다. Court TV의 라이브러리에는 지난 30년 동안의 주요 법적 사례에 대한 수천 시간의 보도가 포함되어 있으며, 이 협력은 AI 기술을 통해 콘텐츠 가치를 극대화하는 것을 목표로 하고 있습니다.
Veritone (NASDAQ: VERI) a annoncé un partenariat avec Court TV pour gérer et monétiser leur vaste bibliothèque de contenus datant de 1991. Grâce au Digital Media Hub (DMH) alimenté par l'IA de Veritone, Court TV organisera efficacement et fournira un accès sécurisé à son contenu pour les réseaux affiliés, les professionnels des médias et les institutions juridiques. Ce partenariat inclut le service de licence de contenu de Veritone, qui aidera Court TV à générer de nouveaux revenus en offrant son contenu à des cinéastes, des documentaristes et des podcasters. La bibliothèque de Court TV contient des milliers d'heures de couverture des principaux cas juridiques des 30 dernières années, et cette collaboration vise à maximiser la valeur du contenu grâce à la technologie IA.
Veritone (NASDAQ: VERI) hat eine Partnerschaft mit Court TV angekündigt, um ihre umfangreiche Inhaltebibliothek, die bis 1991 zurückreicht, zu verwalten und zu monetarisieren. Durch Veritones KI-gestützte Digital Media Hub (DMH) wird Court TV effizient seine Inhalte organisieren und sicheren Zugang für Partnernetzwerke, Medienfachleute und juristische Einrichtungen bereitstellen. Die Partnerschaft umfasst Veritones Content-Lizenzierungsdienst, der Court TV helfen wird, neue Einnahmen zu generieren, indem Inhalte für Filmemacher, Dokumentarfilmer und Podcaster angeboten werden. Die Bibliothek von Court TV enthält Tausende von Stunden Berichterstattung über wichtige Rechtsfälle der letzten 30 Jahre, und diese Zusammenarbeit zielt darauf ab, den Wert der Inhalte durch KI-Technologie zu maximieren.
- Partnership with major TV network Court TV expands Veritone's market presence
- New revenue opportunities through content licensing to broader audience
- Access to extensive content library dating back to 1991
- None.
Insights
This partnership represents a significant revenue opportunity for Veritone in the growing content management and monetization space. Court TV's extensive library, spanning over 30 years of legal content, provides substantial recurring revenue potential through licensing and distribution. Key value drivers include:
- True-crime content demand is surging across streaming platforms and podcasts, positioning the Court TV library as a valuable asset
- The Digital Media Hub solution enables efficient content distribution to Court TV's affiliate network, creating operational value
- New revenue streams through content licensing to filmmakers, documentarians and podcasters expand the addressable market
While the deal size wasn't disclosed, Veritone's AI-powered solutions for managing and monetizing media assets align with industry trends toward digital transformation. The partnership validates Veritone's technology in a high-profile use case that could attract similar media clients.
Veritone’s Digital Media Hub and Content Licensing to transform content management and help unlock new revenue streams
Court TV, the popular multiplatform television network known for its comprehensive live coverage of the nation’s most compelling trials, boasts a massive archive of legal content that dates to the channel’s founding in 1991. With Veritone’s AI-powered Digital Media Hub (“DMH”), Court TV will be able to efficiently manage, organize and monetize this vast library. DMH provides a secure, cloud-based environment for content storage, search and retrieval that makes Court TV’s content readily accessible to its affiliate network stations, media professionals, partners and legal institutions.
In addition to content management, Veritone’s Content Licensing will enable Court TV to capitalize on new revenue opportunities by offering its unique content to an even broader audience, including more filmmakers, documentarians and podcasters, enhancing its reach and impact.
“Consumer interest in the real-life drama of true-crime programming is at an all-time high and the Court TV library is enormous, containing thousands of hours of coverage and footage from the nation’s biggest cases over the past 30 years,” said Ethan Nelson, Head of Court TV. “We believe Veritone’s Digital Media Hub and Content Licensing solutions will help us pursue and unlock new opportunities for monetization of the library and make the content even more accessible to audiences and partners alike.”
“We are thrilled to partner with Court TV in managing and monetizing their invaluable content library,” said Sean King, general manager, Media & Entertainment, Veritone. “Veritone’s Digital Media Hub and Content Licensing solutions are designed to streamline content operations and also unlock new avenues for revenue generation. This partnership underscores Veritone’s commitment to helping media organizations maximize the value of their content through innovative AI technology.”
Court TV’s adoption of Veritone’s solutions reflects the growing trend among media organizations to embrace AI-powered tools to enhance operational efficiency and content monetization strategies. As the media landscape continues to evolve, partnerships like this are critical to staying ahead in a competitive market.
To learn more about Veritone’s Digital Media Hub, please visit: https://nextjs.veritone.com/applications/digital-media-hub/
To learn more about Veritone’s Content Licensing, please visit: https://licensing.veritone.com/
About Veritone
Veritone (NASDAQ: VERI) builds human-centered enterprise AI solutions. Serving customers in the media, entertainment, public sector and talent acquisition 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. By blending human expertise with AI technology, Veritone advances human potential to help organizations solve problems and achieve more than ever before, enhancing lives everywhere. 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/20241029585990/en/
Valerie Christopherson or Lora Metzner
Global Results Comms (GRC)
+1 949 608 0276
Veritone@globalresultspr.com
Sarah Rich
Veritone
srich@veritone.com
Source: Veritone
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