Cineverse Celebrates Innovation Award for cineSearch Technology
Cineverse Secures DEG EnTech Emerging Technology Award
The 5th Annual EnTech Awards from the Digital Entertainment Group Highlight Innovation
In a prestigious event held in Los Angeles, Cineverse Corp (Nasdaq: CNVS), an emerging force in the entertainment industry, was honored for its groundbreaking technology in the field of digital entertainment. The DEG: The Digital Entertainment Group presented the company with the Emerging Technology Award for its innovative platform, cineSearch.
The Importance of cineSearch
Recognized in the Emerging Technology category, cineSearch is celebrated for its potential impact on digital entertainment. This revolutionary platform, powered by Matchpoint, streamlines content search and discovery, making it a game-changer for users navigating the plethora of film and television options available today. The service not only caters to consumers but is also available for commercial licensing to OEMs and streaming platforms.
Revolutionizing Search & Discovery
cineSearch integrates artificial intelligence to enhance the viewer experience like never before. One of its standout features is a customizable AI chat bot, designed to provide tailored recommendations. The first persona created for this bot is Ava, the AI Video Advisor. Ava merges qualities of a knowledgeable film critic, a devoted academic, and a familiar cinema enthusiast, ensuring a unique interaction that resonates with users. Additional personas are planned to accommodate various viewer preferences, providing a versatile and engaging search experience.
Significant Operational Improvements
Tony Huidor, Cineverse’s President of Technology and Chief Product Officer, expressed pride in his team’s work on cineSearch, highlighting its dramatic efficiency. "CineSearch is transformative; it reduces average search times by 90%, lowers annual churn rates by 15.6%, and helps platforms save an average of 24% monthly," he stated during the award acceptance speech. As the AI evolves and learns from viewer interactions, these impressive metrics are expected to improve over time.
Recognition at EnTech Awards
During the 5th Annual EnTech Awards, which honor innovations in digital entertainment technology, Cineverse not only received acclaim for cineSearch but Huidor was also recognized as a finalist in the Technology Leadership category, showcasing the company’s commitment to excellence in the industry.
About DEG
DEG actively promotes various entertainment platforms and distribution channels, enhancing the movie, television, music, and IT industries. With a diverse membership composed of leading names in the sector, DEG emphasizes the significance of technological advancement in shaping the future of entertainment.
About Cineverse Technology Group
Cineverse is dedicated to developing state-of-the-art technology that propels the future of entertainment. By leveraging their pioneering work in the video streaming industry and the exceptional skills of their development team in India, the company is setting benchmarks with their proprietary technology solutions. Their suite of products includes not only the award-winning Matchpoint™ and cineSearch but also a rich dataset of film and television metadata through cineCore and the C360 programmatic audience network.
About Cineverse Corp
Cineverse, listed on Nasdaq as CNVS, operates as a forward-thinking entertainment studio dedicated to empowering content creators while thrilling audiences with diverse content. With a reputation for innovative approaches to distribution and a vast library of over 71,000 films, series, and podcasts, Cineverse is a vibrant hub for unique storytelling. The company continuously aspires to connect fans with compelling narratives, promoting independent stories and experimenting with cutting-edge technology.
Frequently Asked Questions
What is cineSearch?
cineSearch is an AI-powered content search and discovery platform aimed at improving user experience in finding films and shows.
What award did Cineverse receive?
Cineverse received the DEG EnTech Emerging Technology Award for their innovative cineSearch platform.
Who is the CEO of Cineverse?
The CEO of Cineverse is Tony Huidor, who is also the President of Technology and Chief Product Officer.
How does cineSearch improve search efficiency?
cineSearch reduces average film and TV search time by 90% and lowers annual churn rates significantly.
Where can I find more information about Cineverse?
For more information, you can visit Cineverse's official website.
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