TECHNOLOGIES

Tencent Music Entertainment Group announces Lazy Audio Acquisition

prnewswire | January 15, 2021

Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Organization") , the main creative online music amusement stage in China, today declared that it went into an authoritative consent to procure 100% value revenue of Shenzhen Lanren Online Technology Co, Ltd ("Lazy Audio", "Lanren tingshu"), a grounded sound stage in China, for an all out thought of RMB2.7 billion, essentially payable in real money, in addition to certain post-obtaining value settled honors to Lazy Audio's supervisory crew. The current investors of Lazy Audio incorporate China Literature Limited ("China Literature", stock code: 00772.HK), Lazy Audio's supervisory crew and other monetary financial specialists. The exchange is relied upon to shut in the primary portion of 2021 subject to standard shutting conditions.

Established in 2012, Lazy Audio is an extensive sound stage giving amusement in the types of book recordings, Chinese parody, digital broadcasts and other public broadcasts to clients. It adapts by means of various channels, including pay per title, membership installment for substance, and promoting. Apathetic Audio has formed into a flourishing local area with solid client connections and commitment, giving better substance and administrations than sound clients across China. Languid Audio has an exceptionally adaptable client base, making it one of the main sound stages in China.

"We are delighted to welcome the talented Lazy Audio team to the TME family, and expect this strategic acquisition to significantly deepen our presence in the fast growing long-form audio industry in China," said Mr. Cussion Pang, Chief Executive Officer of Tencent Music. "As a leading provider of audio entertainment, Lazy Audio can be seamlessly integrated into our existing long-form audio strategy, enabling us to further monetize the extensive library of high-quality literature IPs that we have access to through strategic partnerships with China Literature and others."

"Lazy Audio's catalog is set to expand our audio content library, and its recording capacity will significantly boost our production of audiobooks. We believe this partnership will help us cater to the increasingly nuanced needs of our customers, strengthen our brand recognition in this segment, generate considerable operational synergies, and accelerate our journey to become a leading audio entertainment platform in China." Mr. Pang added.

Mr. Bin Song, founder and Chief Executive Officer of Lazy Audio, said, "We share the same vision with TME that China's audio industry is a less-penetrated area with great potential. Merging with TME will benefit us to strengthen our competitiveness, establish a stronger connection with Tencent portfolio and bring Lazy Audio to the next level."

Apathetic Audio will keep up its autonomous activities while being a fundamental part of TME's by and large long-structure sound procedure. Endless supply of securing, TME will combine the interest in Lazy Audio, and empower Lazy Audio to have full admittance to TME's mastery, driving innovation, and solid limited time capacities.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy, share and interact with music. Tencent Music's platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.

Spotlight

The rapid outbreak of the coronavirus presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also a significant commercial impact being felt globally. As viruses know no borders, the impacts will continue to spread. In fact, 94 percent of the Fortune 1000 are already seeing COVID-19 disruptions.

Spotlight

The rapid outbreak of the coronavirus presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also a significant commercial impact being felt globally. As viruses know no borders, the impacts will continue to spread. In fact, 94 percent of the Fortune 1000 are already seeing COVID-19 disruptions.

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TECHNOLOGIES, MEDIA AND BROADCASTING

Nex Pioneers Motion Entertainment With a Suite of Immersive Experiences for Mobile and the Living Room

Nex | September 02, 2022

Nex, a leader in motion entertainment, announced it will be showcasing its broad portfolio of motion experiences and development tools at key consumer and industry events across the globe. In September, consumers at the Tokyo Game Show (TGS) in Japan will get to experience a variety of new motion games and experiences that are accessible on existing consumer devices, while entertainment industry veterans at the International Broadcast Convention (IBC) in Amsterdam will be inspired to deliver next generation content and motion-enabled set-top-boxes for the living room that are turnkey for consumers.As pioneers in motion entertainment, Nex is paving the way to a powerful new interactive paradigm that taps into the pure joy of physical activity. Within its motion entertainment ecosystem, from music to sports, education, and interactive storytelling, the possibilities are endless. Compared to traditional video games and fitness apps, motion-based experiences blend movement and interactive content to make these gamified experiences more entertaining and second nature. The experiences require no headset, keyboard, or 16-button controller to enjoy and instead leverage natural body movement to interact with the myriad activities. “We see a need to transform passive screen time into active playtime and help everyone rediscover the joy of movement, By applying our motion technology and reimagining content together with our partners, we’re establishing an entirely new category of entertainment centered around physical motion. We believe the future of entertainment is fun, social, and also good for you.” -David Lee, co-founder and CEO of Nex From Sept. 15-18, TGS attendees will have a first look into Nex’s broad portfolio of motion entertainment experiences at their booth (#5-C23 in the VR/ AR area), including: Starri, a new immersive music rhythm game launching worldwide on Sept. 15 Party Fowl, a fun multiplayer party game for the whole family Tiny Karts (working title), a magical kart racing obstacle course adventure Air Racer, a 3D flight simulation game you fly naturally with your body Active Arcade, a collection of motion arcade mini games with more than 3.6 million downloads to date Nex’s motion experiences are currently available on billions of camera-enabled consumer devices such as iOS and Android smartphones and tablets. To help the motion entertainment ecosystem accelerate, Nex has developed content tools to enable IP holders and entertainment brands to create motion experiences. This includes the Nex MDK (Motion Developer Kit), a breakthrough toolkit for building motion-powered sports, fitness, and gaming experiences right within Unity. Nex is also working with key OEMs and Operators in developing a next generation living room experience, providing even more immersive motion entertainment experiences on the latest smart TVs. Currently, the company is working with Sky, Europe’s leading media and entertainment company, to bring motion entertainment to subscribers on Sky Glass, their streaming TV, in the near future. Additionally, Nex has developed a hardware reference design program for Operators around the world to deliver motion-enabled solutions for consumers from their preferred TV provider. Broadcast industry leaders attending IBC on Sept. 9-12 will be able to explore the Nex Motion Entertainment Hardware Reference Design and the MDK at Nex’s partner SEI Robotics’ booth (#5.F64). To learn more about Nex motion-based entertainment experiences, visit nex.inc. To learn more about Nex developer tools and smart TV programs visit platform.nex.inc. Get in the game and start moving to Active Arcade and Party Fowl today and sign up to be notified for the Starri launch here. About Nex Nex is helping humanity reconnect with the joy of movement through fun, social, and interactive motion entertainment that’s accessible on any modern camera-equipped device. Using cutting-edge AI, mobile, and vision technologies, Nex merges the digital and physical worlds, so players are immersed in the experience using their natural body movement. Nex has been recognized as one of Fast Company’s Most Innovative Companies, Time’s Best Inventions, and has been awarded the prestigious Apple Design Award. Nex apps are used in more than 200 countries around the world and include HomeCourt, Active Arcade, Party Fowl and Starri. Learn more about Nex at https://www.nex.inc

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TECHNOLOGIES, SOLUTIONS

Veritone Launches SPORT X, an AI-Driven, Short-Form Sports Video Licensing Marketplace

Veritone, Inc., | October 21, 2022

Veritone, Inc., creator of aiWARE, a hyper-expansive enterprise AI platform, launched SPORT X, a new intelligent marketplace for sports federations and content producers from around the globe to license short-form sports video directly to media buyers, maximizing additional revenue streams and their visibility amongst media organizations. SPORT X launches first for customers in the EMEA region, with plans for future expansion. Sports rights holders on board with SPORT X include ATP Media, Euroleague Basketball and Extreme E. Several other federations and sports content owners are in advanced discussions to place their content onto SPORT X in the coming weeks. In addition, SPORT X plans to host content from SNTV, the world’s biggest sports news video outlet, which will include content from this year’s World Cup in Qatar, including press conferences, stadium profiles, fan zones, game reviews and profiles of all 32 teams. “This is an exciting development for Veritone and the sports media industry. SPORT X provides a supplementary revenue stream and new global customer base for producers of sports content and short-form video globally. This is another innovative step for the company and comes on the heels of last week’s announcement of our AI-voice partnership with sports data and tech leader Stats Perform as we move deeper into the sports space as a business,” -Veritone President Ryan Steelberg. SPORT X is powered by aiWARE to automatically deliver quality, rights-cleared, indexed and metadata-rich video in a highly secure environment in seconds. Pricing, which is set by the rights holder, will be dependent on the usage type, content and region. Content owners can add multipliers when there is an increase in demand. There is no upfront fee for federations and video suppliers to make their content available to license on SPORT X and can include highlights, news, social posts and user-generated content. Media buyers can use the content for all types of editorial, sport programming, TV shows and social or digital channels, depending on the license parameters set by the video provider. “Our goal is to connect global sports content owners with a network of media buyers in a highly accessible sports content exchange, using AI that will continue to learn buying and selling patterns from both sides of the marketplace. This is an opportunity for sports content producers to maximize the monetization of their digital assets and at the same time reach new audiences and grow their sport’s footprint,” -Elizabeth Eastham, managing director of SPORT X at Veritone. Eastham added, Through AI, we are able to deliver personalized and contextualized content recommendations in real-time. Data points from the available media are married with buying history, territory, platform, event and athlete preferences to create a unique feed for buyers. This efficiently speeds up the search for relevant content, saving time for buyers and allowing sellers to scale content opportunities and generate even more revenue. On the content provider side, SPORT X is for anyone who holds the rights to quality current licensable sports content. Rights clearance by the owner is established at the time of ingesting the content, which can be updated whenever available. Sellers can geo-block content they do not wish to license in certain territories. SPORT X’s analytics dashboard provides clarity on how content is performing with buyers and where it is being sold so that sellers can optimize their content strategy accordingly. Media buyers create an account and can only access video that is clearly delineated for their use. SPORT X uses the financial payment processing platform Stripe to maintain a high level of security and ensure payments are protected. Stripe accepts most major credit cards and debit cards. SPORT X complements Veritone’s existing offerings to sports federations, leagues, clubs and broadcasters around the world. These include Veritone Digital Media Hub, an AI-powered, white-label asset management and monetization solution that gives content owners the opportunity to generate more revenue from their assets by setting up their own digital storefront and makes content easily discoverable with AI-powered metadata tagging and content management. Additionally, Veritone announced a new partnership with Stats Perform, the sports tech leader in data and AI that provides real-time play-by-play, pre-game, in-game and post-game updates. The solution combines the power of Veritone’s award-winning synthetic voice AI technology and Stats Perform’s unrivaled sports data, bringing localized, real-time AI voice capabilities to broadcasters, content creators, media organizations, brand agencies, teams, leagues and betting platforms around the globe. About Veritone Veritone (NASDAQ: VERI) is a leader in enterprise artificial intelligence (AI) solutions. Serving organizations in both commercial and regulated sectors, Veritone’s software, services and industry applications simplify data management, empowering the largest and most recognizable brands in the world to run more efficiently, accelerate decision making and increase profitability. Veritone’s hyper-expansive Enterprise AI platform, aiWARE™, orchestrates an ever-growing ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Through its robust partner ecosystem and professional and managed services, Veritone develops and builds AI solutions that solve the problems of today and tomorrow.

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PRODUCTS, TECHNOLOGIES

LiveU Enhances its Matrix Cloud-based Live Video Distribution Service with Versatile New Transceiver

LiveU | September 05, 2022

Complementing its LiveU Matrix IP cloud video distribution service, LiveU unveiled its new Matrix Transceiver with up to four flexible in/out SDI feeds, designed for maximum versatility for switching between live video distribution and contribution. The new rackmount unit enables broadcasters and content producers to share and receive high-quality, low latency live feeds simultaneously to, and from, global destinations as part of a single workflow. With encoding and decoding combined in the same device, users can easily change from inputs to outputs on the fly.Enhancing the LiveU Matrix functionality, the Transceiver rackmount device provides a highly flexible and cost-effective solution for existing and new LiveU customers. No pre-configuration is required, and everything can be managed remotely via software using the LiveU Central unified management platform. Power consumption and carbon footprint are reduced by combining both the encoder and decoder into a single 1RU. Trusted by leading broadcasters and content providers worldwide, the LiveU Matrix ensures mission-critical resiliency, leveraging the LiveU Reliable Transport (LRT™) protocol for high-quality live video distribution – inside or outside the organization. Customers can manage an exponential number of live feeds and share them with a global audience. With the LiveU Matrix Global Directory, users have access to over 5,000 LiveU customers worldwide, growing their distribution capabilities. "We're constantly looking at innovative ways of optimizing the workflow for news, sports and other markets while expanding our live video capabilities. Providing built-in flexibility, the LiveU Matrix Transceiver reduces the need for multiple encoding and decoding devices with a dedicated distribution and contribution solution. Users can dynamically choose the optimal combination of sharing and receiving SDI channels, supporting up to four simultaneous feeds. We listened to our customers and directly addressed their broadcast requirements with a multi-purpose solution, helping them to simplify their operations and widen their reach for their video content." -Amir Kamzel, VP Product, LiveU About LiveU LiveU is shaping the future of live video, powering video production workflows and cloud services for news, sports, and other verticals. Building on our global market leadership and innovation, LiveU offers the highest quality, reliable and cost-effective end-to-end solutions for all types of live productions – producing more for less. Our broad portfolio ranges from our portable production-level field units and smartphone apps to satellite/cellular hybrid solutions and next-gen cloud-based IP management, orchestration, ingest and distribution solutions. With over 5,000 customers in 150 countries, LiveU's technology is the solution of choice for global broadcasters, sports, and other organizations (including government, education, public safety, enterprise, and production houses), streaming live video to TV, mobile, online, and social media. LiveU is a recipient of Frost & Sullivan's 2021 North America New Product Innovation Award for its LU800 unit and a winner of the 71st Annual Technology & Engineering Emmy® Awards in recognition of its innovation and achievement in Video over Cellular Internet Protocol (VoCIP) technology. For more information, visit www.liveu.tv, or follow us on Twitter, Facebook, YouTube, LinkedIn or Instagram.

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