Veritone Licensing Expands Global News Library with Exclusive Agreement with the South China Morning Post
October 14 2020 - 7:30AM
Business Wire
New agreement adds SCMP’s international news
content dating back over 100 years to the Veritone content
licensing portfolio
Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first
operating system for artificial intelligence, aiWARE™, and provider
of digital content licensing services on behalf of the world’s
premier sports entities, news organizations and user-generated
networks, today announced a new agreement with South China Morning
Post, a leading global news company that has reported on China and
Asia for more than a century.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20201014005137/en/
Veritone Licensing signs exclusive
agreement with the South China Morning Post to expands its global
news library. (Graphic: Business Wire)
The agreement gives Veritone the exclusive rights to license
SCMP’s archive and current video content to its clients in North
America. The deal is a significant milestone in Veritone’s strategy
to further expand the global reach of its already vast, AI-powered
content library and enable content creators to engage with new and
existing audiences through highly relevant content.
“We are thrilled to announce our new agreement with the South
China Morning Post, as it has a long and decorated history as a
leading news company in China and Asia,” said Jay Bailey, vice
president of entertainment licensing at Veritone. “At Veritone, we
are proud to add this unique Asian voice from an important source
on the world’s stage to our expanding news library as we continue
our mission to provide creatives with greater options to tell their
stories.”
The Post is Hong Kong’s paper of record and has been a unique
link between China and the rest of the world since the newspaper’s
founding in 1903. It has a growing correspondent staff across Asia
and the United States. The agreement covers a comprehensive
collection of SCMP’s content that includes over 50,000 hours of
exclusive video footage and infographics, as well as more than 1.2
million photographs. It covers events such as the recent COVID-19
global outbreak and last year’s Hong Kong Protests, as well as past
archived moments such as the Hong Kong Handover, Tiananmen Square
Protests, the Sino-British Joint Declaration, President Nixon’s
first visit to China and the end of Qing Dynasty, to name a
few.
“We’re delighted with our partnership with Veritone to showcase
a great deal of compelling historical moments from our robust and
comprehensive content library to audiences and creators in North
America,” said Alex Ho, SCMP’s Vice President, Circulation,
Recruitment and Services. “Our agreement with Veritone extends our
global reach and we look forward to a fruitful long-term
collaboration.”
South China Morning Post’s content library can be found on
Veritone Commerce, an AI-enabled licensing portal that allows users
to easily search for clips across Veritone’s media partners,
including CBS News, Bloomberg, CNN, The New York Times and many
more. Veritone’s experienced research and advisory team works with
leading agencies, creatives and filmmakers to curate and license
exclusive content for major advertising and editorial
productions.
To learn more about Veritone’s content licensing library and
AI-enabled tools and services, please visit
https://www.licensing.veritone.com.
About Veritone
Veritone (Nasdaq: VERI) is a leading provider of artificial
intelligence (AI) technology and solutions. The company’s
proprietary operating system, aiWARE™ powers a diverse set of AI
applications and intelligent process automation solutions that are
transforming both commercial and government organizations. aiWARE
orchestrates an expanding ecosystem of machine learning models to
transform audio, video, and other data sources into actionable
intelligence. The company's AI developer tools enable its customers
and partners to easily develop and deploy custom applications that
leverage the power of AI to dramatically improve operational
efficiency and unlock untapped opportunities. Veritone is
headquartered in Costa Mesa, California, and has offices in Denver,
London, New York and San Diego. To learn more, visit
Veritone.com.
About South China Morning Post
The South China Morning Post is a leading global news company
that has reported on China and Asia for more than a century.
Founded in 1903, SCMP is headquartered in Hong Kong, where it is
the city’s newspaper of record, with a growing correspondent staff
across Asia and the United States. SCMP's vision is to “Elevate
Thought” and our mission is to “Lead the global conversation about
China”. Additionally, SCMP publishes a portfolio of premium
lifestyle and fashion titles in Hong Kong including Cosmopolitan,
ELLE, Esquire and Harper's BAZAAR. SCMP is also home to Goldthread,
a content platform with a focus on food, travel and culture in
China. In 2020, SCMP became the first news organisation in Asia to
join the Trust Project, a consortium of top news companies
developing global transparency standards for credible
journalism.
Safe Harbor Statement
This news release contains forward-looking statements, including
without limitation statements regarding the company’s strategy to
further expand the global reach of its content library, and the
expected benefits of the new agreement with South China Morning
Post to Veritone and its licensing customers. Without limiting the
generality of the foregoing, words such as “may,” “will,” “expect,”
“believe,” “anticipate,” “intend,” “could,” “estimate” or
“continue” or the negative or other variations thereof or
comparable terminology are intended to identify forward-looking
statements. In addition, any statements that refer to expectations,
projections or other characterizations of future events or
circumstances are forward-looking statements. Assumptions relating
to the foregoing involve judgments and risks with respect to
various matters which are difficult or impossible to predict
accurately and many of which are beyond the control of Veritone.
Certain of such judgments and risks are discussed in Veritone’s SEC
filings. Although Veritone believes that the assumptions underlying
the forward-looking statements are reasonable, any of the
assumptions could prove inaccurate and, therefore, there can be no
assurance that the results contemplated in forward-looking
statements will be realized. In light of the significant
uncertainties inherent in the forward-looking information included
herein, the inclusion of such information should not be regarded as
a representation by Veritone or any other person that their
objectives or plans will be achieved. Veritone undertakes no
obligation to revise the forward-looking statements contained
herein to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201014005137/en/
Veritone Allison Zullo Walker Sands, for Veritone
312-241-1474 veritone@walkersands.com
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Veritone (NASDAQ:VERI)
Historical Stock Chart
From Apr 2023 to Apr 2024