One of the Largest Portfolios of Owned and
Operated Streaming Channels & Platforms Joins Amagi's FAST
Marketplace Allowing for Quicker Monetization and an Easier
Discovery Process for Platforms Around the World
LOS ANGELES, July 17, 2023 /PRNewswire/ -- Cineverse Corp.
(NASDAQ: CNVS), a global streaming technology and entertainment
company with one of the world's largest portfolios of streaming
channels and content libraries, announced today that it is
expanding its strategic partnership with Amagi to leverage Amagi
CONNECT, the premiere end-to-end FAST marketplace with global
reach. As part of this partnership, Amagi will provide its
portfolio of hundreds of FAST channels to the flagship Cineverse
streaming service as well as add Cineverse's portfolio of streaming
channels to the Amagi CONNECT marketplace. The partnership aims to
bring more third-party content to Cineverse and expand Cineverse's
reach internationally by allowing more streaming platforms the
ability to discover the large breadth of streaming content the
Company has to offer.
Amagi, the global leader in cloud-based SaaS technology for
broadcast and connected TV, continues to grow its end-to-end FAST
marketplace, Amagi CONNECT, to facilitate the discovery,
connection, and monetization of streaming content around the
world.
Amagi CONNECT has become the preferred choice for many FAST
platforms, including LG Channels, Plex, TCL, VIDAA Free, Rakuten
TV, Xiaomi, Redbox, Canela, Netgem, and more, as they seek to offer
their viewers the highest quality content available in global
markets.
"Cineverse's existing presence as a Top 10 provider of AVOD
catalog will be further bolstered by this partnership, positioning
us as major player in the $18 Billion
FAST space," said Erick Opeka,
President & Chief Strategy Officer of Cineverse. "Additionally,
it establishes Cineverse as a top competitor in the rapidly
expanding high-growth arena of streaming offerings."
"Expanding our relationship to leverage Amagi CONNECT is an
important step in our plans to expand the availability of channels
on Cineverse while also fast-tracking our ability to establish a
FAST business internationally," stated Tony
Huidor, Chief Operating Officer & Chief Technology
Officer at Cineverse. "Amagi's marketplace and industry-leading
reach will allow us to expand our growing FAST markets outside of
the U.S. This will aid easy discoverability of Cineverse's
FAST channels by Connected TV manufacturers, virtual MVPDs and many
emerging international OTT platforms seeking access to quality
streaming content while allowing both sides of the ecosystem to
rapidly launch new FAST channels across new territories easily.
Furthermore, we aim to enhance and refresh Cineverse's FAST
channels on a regular basis through strategic content acquisitions
that cater to diverse audiences and drive viewership on a global
scale."
Streaming linear channels from Cineverse, beyond its flagship
service of the same name include AsianCrush, The Bob Ross
Channel, RetroCrush, Comedy Dynamics, Midnight Pulp, Crime Hunters,
The Dove Channel, Fandor and Screambox TV and many more. These
channels are available now on the Amagi CONNECT marketplace for
platforms to add to their line-ups.
About Cineverse
Cineverse is a global streaming
technology and entertainment company with the world's largest
portfolio of owned and operated streaming channels, all powered by
its advanced, proprietary technology platform. Cineverse currently
features enthusiast brands for subscription video on demand (SVOD),
advertising-based video on demand (AVOD) and free, ad-supported
streaming television (FAST) channels. Cineverse entertains
consumers around the globe by providing premium feature film and
television series, enthusiast streaming channels and technology
services to some of the world's largest media, retail and
technology companies. For more information, please visit
www.cineverse.com.
About Amagi
Amagi is a next-generation media
technology company that provides cloud broadcast and targeted
advertising solutions to broadcast TV and streaming TV platforms.
Amagi enables content owners to launch, distribute and monetize
live linear channels on Free Ad-supported Streaming TV and video
services platforms. Amagi also offers 24x7 cloud-managed services
bringing simplicity, advanced automation, and transparency to the
entire broadcast operations. Overall, Amagi supports 700+ content
brands, 800+ playout chains, and over 2100 channel deliveries on
its platform in over 40 countries. Amagi has a presence in
New York, Los Angeles, Toronto, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in
New Delhi, and an innovation
center in Bangalore.
PRESS CONTACT FOR CINEVERSE:
The Lippin Group for
Cineverse
cineverse@lippingroup.com
Julie Milstead
investorrelations@cineverse.com
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SOURCE Cineverse Corp.