KOCOWA | September 28, 2023
KOCOWA+, the premier destination for Korean entertainment in the Americas, is launching a groundbreaking AI-driven search feature designed to revolutionize how users engage with their content. KOCOWA+’s game-changing use of KeyTalk AI technology promises to reshape the entertainment landscape by giving viewers unprecedented intuitive, personalized, and engaging content recommendations.
KOCOWA+ – A Trailblazer in AI-Driven Entertainment Discovery
KOCOWA+ has always been committed to maintaining its status as the ultimate destination for Korean entertainment. In a bold move, KOCOWA+ has embraced AI technology to optimize its metadata and broaden its reach, making it more efficient in delivering search results that deliver precisely what consumers desire across multiple languages and platforms. This leap into AI aims to help audiences across the globe find the Korean content they crave based on thousands of intuitive, multi-language, and context-aware metadata touchpoints.
"KOCOWA+ is taking a giant step forward in providing our audience with a deeply personalized entertainment experience. We're moving beyond basic recommendations and are excited to offer our users a level of engagement and discovery that goes far beyond the ordinary," said KunHee Park, CEO at KOCOWA+.
KOCOWA+'s AI-Driven Data Transformation
KOCOWA+ leads the industry as the first platform with AI-driven data transformation, enhancing viewer experiences across multiple touchpoints and languages. This move strengthens KOCOWA+’s strong technology backbone, which already enables KOCOWA+ to translate new K-Dramas, K-Pop performances, and other shows into three (soon to be five) languages within hours of their original airings in Seoul and make them available across the globe for consumption.
Setting KOCOWA+ Apart
This new feature marks a significant milestone in all content streaming and K-pop, Drama, Variety, and Movies, opening a realm of exploration and discovery for fans. KOCOWA+ has partnered with KeyTalk AI, innovators at the forefront of prompt engineering and AI transformation solutions, like the Mycelebs Star App, Maimovie, and Glamai.
Unlocking the Power of AI
Leveraging KeyTalk AI's platform, Mycelebs Star, a deep entertainment search source, users can now search differently. Instead of seeking "shows like Running Man," they can describe their preferences in natural language, leading to more delightful discoveries. This innovative approach enhances the user experience, allowing for more meaningful content exploration.
KOCOWA+ is poised to reshape the entertainment discovery landscape, making it more personalized, engaging, and accessible than ever before, just in time for viewers to discover their new fall lineup and visit some of their new classic horror movies like Train to Busan and The Wailing just in time for Halloween!
About wA and KOCOWA+:
wA is a global joint company between wavve, SK Square Americas, and the top Korean broadcasters KBS, MBC, & SBS. wA launched KOCOWA+, a subscription video streaming platform in the Americas, in 2017, with primary audiences in the United States, Canada, Mexico, and Brazil. KOCOWA+ provides a robust lineup of over 25,000 hours of Korean Dramas, Movies, Reality, and K-Pop content in multiple languages on its direct platform.
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.
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.