Companies Form Commercial Partnership to
bundle Amagi's Leading FAST Platform with Cineverse's Matchpoint
Suite & content services
LOS
ANGELES, Nov. 8, 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, and Amagi – the global
leader in cloud-based SaaS technology for broadcast and connected
TV – have teamed up to jointly offer an end-to-end FAST kit for
Video Service Providers (VSP) encompassing monetization services,
content acquisition and curation services, and a technology backend
powered by Amagi's award-winning SaaS solutions for FAST and
Cineverse's Matchpoint offerings. The joint FAST solution for VSPs
will be offered as a managed service available starting January
2024.
This strategic partnership expands the two companies'
long-standing existing relationship since 2018. The new
combined offering brings the most comprehensive, end-to-end FAST
and AVOD services to the marketplace, which solves many of the
challenges that VSPs such as FAST Platforms, TV OEMs, SVOD app and
Telcos/cable companies, face as they plan to launch and/or scale
their FAST streaming business.
The FAST kit will enable VSPs to launch FAST with minimum effort
and provides everything needed to get into FAST. This includes
comprehensive FAST content offerings for all major markets.
Both companies will team up on sales and marketing of the
services, allowing each to bring additional capabilities as they
become available along with their collective FAST marketing
expertise to new and existing customers.
"Partnering with Amagi presents a unique opportunity for both
companies to create unparalleled value in the evolving FAST
landscape," said Tony Huidor, Chief
Technology Officer of Cineverse. "We're setting new standards in
service excellence, allowing our clients to benefit from our
combined expertise. This isn't just about technology; it's about
enabling meaningful viewer experiences."
"We are thrilled to partner with Cineverse to bring this
end-to-end FAST solution to market. Cineverse's expertise in
content acquisition, editorial and their VOD suite of products is a
perfect complement to our own, and together we are able to offer an
unmatched solution that truly addresses the needs of FAST
operators/platforms," said Srinivasan KA, Co-founder and Chief
Revenue Officer, Amagi. "The joint FAST Kit offering is the ideal
solution for anybody looking to launch and scale a FAST service and
generate new revenue streams without introducing new costs and
resources. We are confident that this offering will revolutionize
the way FAST services are launched and operated, and we are excited
to partner with Cineverse to make it happen."
For details on Amagi's FAST technology suite, visit
www.amagi.com, and for Cineverse's Matchpoint platform, visit
www.matchpoint.tv. This new offering will begin to roll out
Q1 of this calendar year.
About Cineverse
Cineverse's advanced, proprietary
technology drives the distribution of over 70,000 premium films,
series, and podcasts to more than 150 million unique viewers
monthly. From providing a complete streaming solution to some of
the world's most recognizable brands, to super-serving their own
network of fan channels, Cineverse is powering the future of
Entertainment. For more information, please
visit www.cineverse.com. (NASDAQ: CNVS)
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 2,100 channel deliveries on its platform
in over 40 countries. Amagi has a presence in New York, Los
Angeles, London,
Paris, Melbourne, Seoul, Singapore, and broadcast operations in
New Delhi, and an innovation
center in Bangalore.
PRESS CONTACT FOR CINEVERSE:
For Media
The Lippin Group, cineverse@lippingroup.com
For Investors
Julie Milstead,
investorrelations@cineverse.com
PRESS CONTACT FOR AMAGI:
Aashish Washikar | Director - Corporate Communications
aashish.washikar@amagi.com | +91 9533390005
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SOURCE Cineverse Corp.