Cineverse Corp | September 26, 2023
Cineverse Corp., a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, announced today a partnership with Whip Media, the leading enterprise software platform and data provider to the world's largest entertainment organizations. Using its Content Value Management (CVM) software platform, Whip Media will help Cineverse automate and more efficiently manage content partner royalty payments for its expansive distribution network across Cineverse direct and third-party platforms.
Cineverse distributes content from hundreds of content providers through its FAST/AVOD channels, SVOD service, TVOD/EST distribution and physical home entertainment products.
The rapid growth of Cineverse required a new system to scale and efficiently handle financial activities for the high volume of content partner contracts and licenses, such as royalty calculations, revenue statement generation and issuance of payment to partners on a monthly and quarterly basis. Currently, Cineverse must create over 1,700 complex financial statements per quarter which require significant manual effort to manage.
Cineverse will leverage the CVM Platform for Content Partner Payments to capture all contractual financial terms for each content provider, and ingest performance and revenue data from Matchpoint Insights – part of Cineverse's proprietary suite of streaming technology products. By consolidating sales, performance, and revenue data, CVM can automate the calculation of royalties due to each provider and accurately generate royalty statements. What has historically been a manual process will be transformed into a highly scalable solution that radically reduces costs, increases efficiency, and improves accuracy.
"We're excited to partner with Cineverse, an entertainment technology and streaming trailblazer that has created an innovative solution that eliminates the expensive, time-consuming manual process required for preparing film and television assets for broad global distribution," said Saj Jayasinghe, Whip Media's EVP of Global Revenue. "Our partnership will allow Cineverse to optimize their workflow and automate their digital supply chain by utilizing our platform to streamline their financial reconciliation process and extend automation to a much higher level on the financial side."
"Our partnership with Whip Media is critical as it helps fill a gap in our technology stack. We feel that developing financial-based software is not our core competency so partnering with Whip Media and leveraging their best-in-class technology allows us to address a significant unmet need in the rapidly growing streaming marketplace: an end-to-end solution from content ingestion and delivery all the way to reporting and payment," said Tony Huidor, Chief Operating Officer & Chief Technology Officer at Cineverse. "This comes at a time when the legacy entertainment industry desperately needs to shift towards video-on-demand and FAST services, giving us the ability to scale quickly via automation and pave the way via an all-in-one solution."
About Whip Media
Whip Media is reimagining content licensing to create a smarter, more connected entertainment ecosystem. We help the world's leading entertainment organizations succeed in today's high-volume, high-velocity global content environment with a market leading cloud software platform that combines unique, actionable insights with scalable, connected workflows for licensing, content planning and financial operations.
Cineverse is a global streaming technology and entertainment company with one of the world's largest portfolios of streaming channels and content libraries, 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.
Media and Broadcasting
Kaltura | September 12, 2023
Kaltura, the Video Experience Cloud, announced today that leading French multiservice provider Bouygues Telecom, with over 4.8 million subscribers, has unveiled its selection of Kaltura’s technology to power its next-generation IPTV and OTT digital TV service.
Bouygues Telecom chose Kaltura’s proven Cloud TV technology as the foundation for its TV service. The next-generation TV service will be powered by Kaltura’s cloud-based TV Platform providing content, service, subscriber, household, and offer management. Bouygues Telecom is set to migrate its existing TV service from an on-prem deployment to a cloud-based operation. This move will enable the next-generation TV service to leverage the agility and interactivity of the cloud alongside broadcast-grade scalability and resilience, while also reducing service complexity and costs.
“We are thrilled to have been selected as the vendor of choice by Bouygues Telecom, a truly premium service provider,” said Shuki Eytan, General Manager Media & Telecom at Kaltura. “By embracing today’s Cloud TV, which combines the best of IPTV and OTT, telcos can embark on the digital transformation that enables them to provide leading-edge offerings. We very much look forward to finish implementing and launching an advanced, next-generation TV platform to Bouygues Telecom that enables the operator to successfully pursue its TV content strategy, and to deliver a next-level entertainment offering to France’s consumers and partners.”
Bouygues Telecom relies on CommScope’s telecommunications expertise to integrate and roll out the project to Bouygues Telecom. "We're delighted to be working together with Kaltura to deliver a leading-edge technology platform that will help Bouygues Telecom provide an advanced next-gen video entertainment service to subscribers," said Ray Bontempi, VP, Product Management ANS at CommScope.
Kaltura's TV platform will support Bouygues Telecom in its TV content and services strategy. The operator will be able to offer its subscribers an advanced service that brings together popular multimedia content from its partners, seamlessly combining the operator's own content with multiple third-party services to create a customer-centric offering that is both compelling and personalised.
Jean Paul ARZEL, Chief Technical Officer at Bouygues Telecom said: “We are developing our next-generation TV service to offer an attractive and best-in-class experience, providing agility and efficiency to integrate new services, with systems and functionalities that are always up-to-date.”
Moving traditional on-premise functions and infrastructure to the cloud enables the operator to be more flexible, to adapt, and to embrace media evolution, while optimizing network and other resource management. Bouygues Telecom joins operators around the globe that have turned to Kaltura, with its extensive Cloud TV know-how and array of state-of-the-art solutions, to help with their super-aggregation journey.
Kaltura’s mission is to power any video experience for any organization. Our Video Experience Cloud offers live, real-time, and on-demand video products for enterprises of all industries, as well as specialized industry solutions, currently for educational institutions and for media and telecom companies. Underlying our products and solutions is a broad set of Media Services that are also used by other cloud platforms and companies to power video experiences and workflows for their own products. Kaltura’s Video Experience Cloud is used by leading brands reaching millions of users, at home, at school and at work, for events, communication, collaboration, training, marketing, sales, customer care, teaching, learning, and entertainment experiences.
Xsolla | September 21, 2023
Xsolla, a global video game commerce company, has announced a new online destination called Xsolla Mall. This platform allows video games to host multiple landing pages where players can access exclusive in-game items, game discounts, and premium experiences directly from developers and publishers or via campaigns with content creators and payment providers.
Developers can showcase and monetize content from their games on a specific branded landing page within the platform, even the entirety of a game. There is already a growing library of cloud games accessible through the Xsolla Mall, supported by the Xsolla Cloud Gaming solution. Xsolla Mall also merges video game content and the convenience of multiple local payment methods with the power of content creators and influencers into one cost-effective platform, providing a wide range of generating incremental revenue for games.
Xsolla Mall provides developers and publishers with a new distribution channel, reducing overall customer acquisition and retention costs, growing brand awareness, increasing player engagement, and generating more profit for their business.
"Xsolla Mall unlocks a new direct-to-consumer distribution channel for delivering games and in-game content on the web," said Chris Hewish, CEO of Xsolla. "We aim to help developers tackle current market challenges like the high cost of acquiring and retaining players, high distribution fees, and increasing the number of paying players so they can earn and keep more of the profits from the sale of their games and in-game content. Xsolla Mall perfectly aligns with our mission to bolster the gaming community by providing developers, influencers, and players with a safe, practical, and engaging platform."
Xsolla is a global video game commerce company with a robust and powerful set of tools and services designed specifically for the video game industry. Since its founding in 2005, Xsolla has helped thousands of game developers and publishers of all sizes fund, market, launch and monetize their games globally and across multiple platforms. As an innovative leader in game commerce, Xsolla’s mission is to solve the inherent complexities of global distribution, marketing, and monetization to help our partners reach more geographies, generate more revenue and create relationships with gamers worldwide. Headquartered and incorporated in Los Angeles, California, with offices in Berlin, Seoul, Beijing, Kuala Lumpur, Tokyo and cities around the world, Xsolla supports major gaming titles like Valve, Twitch, Roblox, Ubisoft, Epic Games, Take-Two, KRAFTON, Nexters, NetEase, Playstudios, Playrix, miHoYo, and more.