Cinedigm (NASDAQ: CIDM) shares price heaved 63.17% to $1.42 in the pre-market session today after multinational entertainment infrastructure and data company Spherex revealed a strategic alliance with Cinedigm (NASDAQ: CIDM) to drive Cinedigm’s global growth. Corporations are collaborating on global content localization and security, implementing Spherex AI, and deep learning capabilities.
As part of Cinedigm’s continuing attempts to curate its vast digital content catalog, the organization has chosen Spherex to leverage its technologies and experience to ensure that its video properties and metadata comply with international laws on content age ratings and are tailored to comply with existing cultural standards and practices in a wide variety of international territories.
By integrating with its patented Matchpoint platform, Cinedigm is leaning into Spherex’s industry-leading global metadata solution to integrate its digital content through an increasing number of subscription video on demand (SVOD), advertising-based video on demand (AVOD), and Smart TV streaming platforms worldwide.
