JERSEY CITY, NJ / ACCESSWIRE / November 7, 2023 / Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced that Vubiquity, an Amdocs company, has been chosen by Lionsgate as a key collaborator to move its content library, consisting of over 18,000 film and TV titles, to a cloud-based platform.
This collaboration marks a transformative step forward in streamlining content accessibility across various content platforms. This cloud-based content library will empower Lionsgate's content sales team with enhanced searchability, enabling targeted content distribution across global regions.
Vubiquity, in collaboration with Bitpress, crafted a cutting-edge, AI-based automated system that seamlessly integrates with Lionsgate's current vendors and newly established cloud library to facilitate the efficient ingestion of source files. This dynamic system analyzes existing content, carefully aligns video and audio components for each title, and synchronizes multiple audio and subtitle tracks. This automation goes a step further by adeptly executing necessary content edits to ensure top-tier quality.
Akin Ceylan, COO of Home Entertainment and Global Content Distribution Operations, Lionsgate, said: "Vubiquity is playing a vital role in aiding our migration of distribution assets into the cloud, which will effectively transform our operations in the way we manage and monetize our company's vast library of content by providing the speed and flexibility required to meet the demands of an industry that continues to evolve."
Russ Moffat, Co-founder of Bitpress, said: "We are very excited to be working with Lionsgate and Vubiquity on this initiative, providing advanced tools for post-production to ensure top-tier quality of Lionsgate's content. This will allow Lionsgate to rapidly meet the needs of their content commercialization by automating traditionally laborious processes."
Anthony Goonetilleke, Group President of Technology and Head of Strategy, Amdocs, said: "We are pleased to work with Lionsgate to centralize and organize their incredibly diverse catalog of content, making it easier for them to include their movie and TV catalog in entertainment offerings around the world. As we've recently seen, libraries of existing content can become power players of streaming, and this agreement will help Lionsgate content more effectively reach viewers than ever before."
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Lionsgate (NYSE: LGF.A, LGF.B) encompasses world-class motion picture and television studio operations aligned with the STARZ premium global subscription platform to bring a unique and varied portfolio of entertainment to consumers around the world. The Company's film, television, subscription and location-based entertainment businesses are backed by an 18,000-title library and a valuable collection of iconic film and television franchises. A digital age company driven by its entrepreneurial culture and commitment to innovation, the Lionsgate brand is synonymous with bold, original, relatable entertainment for audiences worldwide.
Bitpress specializes in the development of advanced post-production tools for VOD and FAST content, with a focus on streamlining traditionally laborious and complex processes to enable rapid content monetization. With a track record of innovation and automation for some of the world's largest and most respected media companies, we possess a deep understanding of the complexities and costs associated with streaming media distribution. Our team has extensive experience in authoring patents and engineering workflows for every major studio and the largest OTT providers, solidifying our reputation as a leader in the field. For more information visit www.bitpress.com.
Amdocs helps those who build the future to make it amazing. With our market-leading portfolio of software products and services, we unlock our customers' innovative potential, empowering them to provide next-generation communication and media experiences for both the individual end user and enterprise customers. Our approximately 30,000 employees around the globe are here to accelerate service providers' migration to the cloud, enable them to differentiate in the 5G era, and digitalize and automate their operations. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $4.89 billion in fiscal 2023. For more information, visit www.amdocs.com
Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters and years. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general macro-economic conditions, prevailing level of macroeconomic, business and operational uncertainty, including as a result of geopolitical events or other global or regional events such as the recent attacks in Israel and evolving conflict and the COVID-19 pandemic, as well as the current inflationary environment, and the effects of these conditions on the company's customers' businesses and levels of business activity, including the effect of the current economic uncertainty and industry pressure on the spending decisions of the company's customers, Amdocs' ability to grow in the business markets that it serves, Amdocs' ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, our ability to successfully and effectively implement artificial intelligence and Generative AI in the company's offerings and operations and risks associated with operating businesses in the international market. Amdocs may elect to update these forward looking statements at some point in the future; however, Amdocs specifically disclaims any obligation to do so. These and other risks are discussed at greater length in Amdocs' filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2022 filed on December 13, 2022 and our Form 6-K furnished for the first quarter of fiscal 2023 on February 13, 2023, for the second quarter of fiscal 2023 on May 22, 2023, and for the third quarter of fiscal 2023 on August 14, 2023.
Amdocs Public Relations
PAN Communications for Amdocs
SOURCE: Amdocs Management Limited
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