Veritone, Inc. announced it integrated Veritone Digital Media Hub, one of its content licensing technology applications, with iconik's cloud-native media management platform. With the combined power of Veritone Digital Media Hub and iconik, media organizations can now easily manage, share and license their content, while speeding the path from media creation to management to monetization. Media organizations need a way to easily offer digital content to outside parties for licensing, as well as to manage and share content both internally and externallyand monetize that content with eCommerce capabilities.
Addressing these challenges, iconik's media platform, which organizes media securely from any storage and offers media collaboration, now connects seamlessly with Veritone Digital Media Hub, which enables licensing of digital content to the outside world. Powered by aiWARE, Veritone Digital Media Hub enables customers to monetize valuable digital content that was previously unused. Digital Media Hub also allows users to set up their own digital storefront in a fraction of the time it takes with traditional digital asset management solutions, while offering sorting, tagging and segmenting capabilities for all types of digital content using the power of AI.
Complementing Veritone, iconik's cloud-native SaaS media management solution allows users to share files from any storage, collaborate on video and enrich media with AI allowing higher searchability functionality. Its solution can be scaled to serve solo creators or large global teams. As an established solutions leader in the media and entertainment industry, Veritone provides its AI-driven software solutions to many of the world's top entertainment companies and to all Big 6 media companies, which by some estimates collectively control as much as 90% of all consumable content. In addition, seven of the world's sporting events leverage Veritone.
Veritone also licenses content on behalf of some of the most iconic collections in news, sports and entertainment and some of the rights holders in the world including CBS News, NCAA, Big Ten, Pac-12 and others.