LAS VEGAS, Aug. 1, 2018 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence (AI) solutions and
digital media properties, including Vegas.com, today announced that
it has been chosen by Allinone (AIO), a leading big data marketing
and consulting company serving China's film market, to support the industry's
first and only full-process system covering data analysis,
forecasting and consulting on film performance from pre-release to
post-release across China's
entertainment market.
AIO, whose clients include Warner Media and Paramount Pictures,
has been authorized by China's
State Administration of Radio, Film and Television (SARFT) to
create a data analysis product using the root level data of
China's film market. Remark
has partnered with AIO to utilize its KanKan AI technology to
support the design and build-out of the data processing and
analytics system. As part of the partnership, Remark has also
invested $1 million USD ($6.6 million RMB) in the venture and is providing
its technology services. The "All-in-One" solution is being
developed to address the highly inefficient film forecasting
environment in China, which has
resulted in an elevated level of risk for film producers,
investors, advertiser and marketers. According to SARFT,
China's film market is expected to
be the world's largest by 2020.
Building on the root level data from SARFT, the AI solution will
deliver a comprehensive snapshot of film sentiment and performance,
spanning pre-production, pre-screening surveys and public opinion
tracking, as well as box-office tracking and reporting, including
ticket issuance, ticket sales, screening, cinema data, etc. In
addition to tracking down accurate data from multiple sources,
combined with myriads of historical data, the solution will also
detect anomalies and box office fraud.
"We're excited about the unique opportunity to partner with AIO
in delivering an elegant solution to China's inefficient film forecasting
industry," said Kai-Shing Tao,
Chairman and Chief Executive Officer of Remark Holdings.
"Using KanKan technology, AIO will be the only venture able to
complete the puzzle by generating valuable insights through
cross-referenced data from different stages of a typical movie
lifecycle. This innovative platform will support increased
investment across China's film
market, as transparency regarding film sentiment and performance
improves substantially. This partnership represents another
example of our ability to leverage KanKan's AI technology to
deliver highly effective solutions to complex problems."
About Remark Holdings, Inc.
Remark Holdings, Inc.
(NASDAQ: MARK) delivers an integrated suite of AI solutions that
enable businesses and organizations to solve problems, reduce risk
and deliver positive outcomes. The company's easy-to-install
AI products are being rolled out in a wide range of applications
within the retail, financial, public safety and workplace
arenas. The company also owns and operates digital media
properties that deliver relevant, dynamic content and ecommerce
solutions. The company is headquartered in Las Vegas, Nevada, with additional operations
in Los Angeles, California and in
Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulation. Words such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors, including those discussed in Part I, Item 1A. Risk
Factors in Remark Holdings' Annual Report on Form 10-K and Remark
Holdings' other filings with the SEC. Any forward-looking
statements reflect Remark Holdings' current views with respect to
future events, are based on assumptions and are subject to risks
and uncertainties. Given such uncertainties, you should not place
undue reliance on any forward-looking statements, which represent
Remark Holdings' estimates and assumptions only as of the date
hereof. Except as required by law, Remark Holdings undertakes no
obligation to update or revise publicly any forward-looking
statements after the date hereof, whether as a result of new
information, future events or otherwise.
Company Contact:
Kai-Shing
Tao
Remark Holdings, Inc.
stao@remarkholdings.com
702-701-9514
Investor Relations Contact:
Colton Krueger
The Plunkett Group, Inc.
Colton@ThePlunkettGroup.com
210-602-4078
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SOURCE Remark Holdings, Inc.