businesswire | April 13, 2023
VideoVerse a leading video-editing SaaS platform, announced its acquisition of Reely.ai, a prominent Esports AI-Powered content creation, and social media distribution company. This acquisition aims to enhance VideoVerse's existing capabilities and better serve its customers in the gaming and esports sectors, where the demand for AI-driven content creation and distribution continues to grow.
Reely.ai has gained industry recognition for its cutting-edge AI technology tailored to gamers and streamers which streamlines video content creation, automates the editing process, and aids in crafting more engaging content. Reely's platform can automatically identify highlights and key moments within a game, simplifying the creation of highlight videos and sharing them across various social media channels.
"We are delighted to welcome Reely.ai to the VideoVerse family," said Vinayak Shrivastav, VideoVerse CEO and Co-Founder. "This acquisition is a strategic step towards expanding our offerings and delivering enhanced solutions to our customers in the gaming industry. We are confident that the Reely team's expertise and technology will be instrumental in our continued innovation within the video creation and distribution landscape. Our team is always on the lookout for innovative companies like Reely to help our customers leverage cutting-edge technologies to create engaging content and grow their audiences."
Siddhant Bhandari, Strategy Lead at VideoVerse, added, "Innovation has always been the driving force at VideoVerse, and we are actively seeking out pioneering companies like Reely.ai to ensure we are at the forefront of AI-driven innovation in content creation. The VideoVerse team is excited about the prospect of continuing to enhance our offerings through future acquisitions."
VideoVerse has already started integrating Reely.ai's technology into its existing suite of solutions to expand and improve its capabilities in the gaming market. The company will provide advanced tools to players, streamers, and content creators looking to develop, share, and extend the reach of high-quality video content.
"Joining forces with VideoVerse was an obvious choice," said Daniel Evans, CEO of Reely.ai. "VideoVerse's comprehensive expertise in short-form video creation and distribution, combined with the latest AI and ML technology, pairs perfectly with our real-time gaming solutions. This collaboration will generate immense value for teams and content creators. AI is experiencing a significant moment, and we are eager to merge our advanced video solutions to fuel innovation in the industry."
VideoVerse has found an extremely strong product-market fit in serving enterprises across numerous industries - OTT players, broadcasters, sports clubs and leagues, marketing agencies, e-gaming platforms and more. VideoVerse is building the next-generation video editing ecosystem, addressing a broad range of use cases in the post-production process. The company started its journey on generating instant key moments and auto short-sized clips leveraging computer vision and AI capabilities, the sliver in which it is the current tech leader. VideoVerse today has offices in the U.S., Europe, Israel and India and is expanding to Singapore and the Middle East by the end of this year.
Prnewswire | April 28, 2023
EVO Entertainment Group and IMAX Corporation have announced an exciting new partnership, agreeing to install eight new state-of-the-art IMAX® with Laser systems. This marks the first-ever collaboration between the two companies. As part of the agreement, EVO will bring seven new IMAX systems to Texas, including Houston and Austin, and one to Florida. The new systems are expected to begin opening in the third quarter of 2023.
IMAX's latest agreement with EVO Entertainment Group represents the company's most significant expansion into new locations with a new partner in North America since 2013. The announcement was unveiled today during the annual CinemaCon 2023 exhibition conference, held in Las Vegas, Nevada.
"As we continue to expand, we remain committed to being at the forefront of cutting-edge spaces," said Mitch Roberts, CEO of EVO Entertainment Group. "This partnership with IMAX allows us to further enhance our state-of-the-art facilities and provide our guests with the ultimate movie-going experience. We are excited to bring IMAX with Laser to our venues and look forward to elevating the standard for cinematic experiences."
"EVO is bringing fresh energy to the exhibition landscape in Texas and beyond and we are very excited to be in business with such a forward-thinking, innovative partner committed to offering audiences premium entertainment experiences," said Rich Gelfond, CEO of IMAX. "The fact that IMAX is driving significant network growth with new partners in even our most penetrated market of North America speaks to the remarkable momentum across our business right now."
Austin-based EVO Entertainment Group was founded in 2014 by CEO Mitch Roberts with the vision of reinventing and enhancing the movie-going experience and has since evolved into creating differentiated entertainment destinations and experiences that encompass movie theatres, bowling, high-tech arcades, dining, and unique attractions. The company is driving the evolution of entertainment as the nation's leading and largest operator of cinema-entertainment centers and continues to look for ways to enhance the guest experience.
With the new partnership, IMAX has now signed agreements for 63 new or upgraded IMAX systems around the world in 2023 to date — more than in the entirety of 2022. This includes agreements in key growth markets such as Japan, Indonesia, France, Thailand, and Vietnam.
EVO's upcoming IMAX locations include EVO Entertainment Kyle, EVO Entertainment Hutto EVO Cinemas Creekside, EVO Cinemas Belterra, ShowBiz Cinemas Baytown, ShowBiz Cinemas Homestead, ShowBiz Cinemas Liberty Lakes, and ShowBiz Cinemas Waxahachie.
These locations will offer moviegoers an unparalleled cinematic experience, featuring IMAX with Laser — IMAX's most advanced theatre technology. Utilizing a groundbreaking 4K laser projection system and a suite of proprietary technology, IMAX with Laser delivers lifelike images and precision audio. These new IMAX with Laser screens will showcase brighter images with increased resolution, deeper contrast, and the widest range of colors, providing an exclusive and immersive moviegoing experience that can only be experienced in an IMAX theatre.
About IMAX Corporation
IMAX, an innovator in entertainment technology, combines proprietary software, architecture, and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX systems to connect with audiences in extraordinary ways, making IMAX's network among the most important and successful theatrical distribution platforms for major event films around the globe. Streaming technology company SSIMWAVE, an IMAX subsidiary, is a leader in AI-driven video quality solutions for media and entertainment companies.
IMAX is headquartered in New York, Toronto, and Los Angeles, with additional offices in London, Dublin, Tokyo, and Shanghai. As of December 31, 2022, there were 1,716 IMAX systems operating in 87 countries and territories. Shares of IMAX China Holding, Inc., a subsidiary of IMAX Corporation, trade on the Hong Kong Stock Exchange under the stock code "1970."
businesswire | May 04, 2023
Esker, a global cloud platform and leader in AI-driven process automation solutions for Finance, Procurement and Customer Service functions, today announced Canada-based Corus Entertainment (“Corus”), a major player in the media and entertainment industry, is automating its entire procure-to-pay (P2P) process with Esker — investing in solutions for accounts payable (AP), procurement, expense and supplier management.
Corus offers a diverse portfolio of brands that entertain and inform audiences in Canada and around the world through daily storytelling and engaging content. As the company’s portfolio evolved and expanded to meet the needs of a rapidly changing media environment, Corus identified an opportunity to more efficiently manage the flow of invoices, purchase orders and communications across internal stakeholders — all of which were processed and handled manually or through an outdated platform. Company leadership pursued a solution that would streamline its back-office processes so the company could be well-positioned to advance its ongoing strategic growth initiatives.
“The integration of key business processes into a single automated system represented a significant opportunity to improve workflows and productivity across the business, supporting our strategic plans and priorities for future growth,” said John Gossling, Executive Vice President and Chief Financial Officer, Corus Entertainment. “More than any other solution we explored, we discovered Esker would allow us to seamlessly align with these objectives, right from the start. We now have an extremely intuitive platform that is already paving the way for us to be more efficient in managing cash flow and become a better partner for our vast network of suppliers and brands.”
In addition to driving efficiency in back-office operations and streamlining workflows, Corus chose to integrate Esker’s solutions to provide real-time data and metrics that were previously unavailable, increasing reporting accuracy and improving visibility into its financial processes to better manage spend, and make data-driven decisions.
“By choosing to fully automate this process, Corus teams can now focus on expanding their reach, increasing revenue and growing their business, rather than getting bogged down in manual, time-consuming tasks,” said Steve Smith, COO of Esker U.S. “We are proud to be a partner in their success and look forward to helping Corus and companies all across Canada achieve even greater efficiencies and cost savings as they look to future growth.”
About Corus Entertainment Inc
Corus Entertainment Inc. is a leading media and content company that develops and delivers high quality brands and content across platforms for audiences around the world. Engaging audiences since 1999, the company’s portfolio of multimedia offerings encompass 33 specialty television services, 39 radio stations, 15 conventional television stations, digital and streaming services, animation software, technology and media services. Corus is an internationally-renowned content creator and distributor through Nelvana, a world class animation studio expert in all formats and Corus Studios, a globally recognized producer of hit scripted and unscripted content. The company also owns full-service social digital agency so.da, lifestyle entertainment company Kin Canada, leading 2D animation software supplier Toon Boom and children’s book publishing house, Kids Can Press. Corus’ roster of premium brands includes Global Television, W Network, HGTV Canada, Food Network Canada, Magnolia Network Canada, The HISTORY® Channel, Showcase, Adult Swim, National Geographic, Disney Channel Canada, YTV, Global News, Globalnews.ca, Q107, Country 105, and CFOX, along with streaming platforms STACKTV, TELETOON+, the Global TV App and Curiouscast. Corus is the domestic advertising representative and an original content partner for Pluto TV, a Paramount Company, which is the leading free ad-supported streaming television (FAST) service. For more information visit www.corusent.com.