DENVER, Colo., 13 August, 2024 (247marketnews.com) – (Nasdaq:VERI) are discussed in this article.
Veritone, Inc. (VERI) has witnessed a remarkable surge, beginning the day at $2.35 and currently trading at $2.74, reflecting a 20% increase. This jump from the previous session’s close of $2.285 highlights significant overnight momentum and robust intraday performance. With a current volume reaching 1.0 million, it suggests a keen interest from investors, likely including institutional participation. The rise past $2.74 is indicative of bullish sentiment, though investors should be cautious of potential resistance at higher levels.
In parallel to its stock performance, Veritone has announced a substantial multi-year partnership with the National Collegiate Athletic Association (NCAA) to enhance management and licensing of championship content. As the official global archive and exclusive footage agent for all NCAA championship media, Veritone will leverage its AI-powered Digital Media Hub (DMH) to revolutionize content storage, accessibility, and monetization.
The DMH platform is designed to handle the NCAA’s extensive repository of Division I, II, and III championship content, facilitating streamlined access for the NCAA’s broadcast partners, member institutions, marketing teams, and social media professionals. This partnership aims to meticulously archive and safeguard media assets while offering powerful licensing capabilities for usage across various media sectors, including documentaries, editorials, advertising, and entertainment.
“We are thrilled to continue our relationship with Veritone as our official global archive and footage licensing agent,” stated Chris Termini, NCAA Managing Director of Championships External Operations. “This allows us to preserve and share the rich history of NCAA championships while enhancing licensing opportunities.”
Ryan Steelberg, President and CEO of Veritone, added, “Our collaboration with the NCAA underscores Veritone’s commitment to advancing digital media management in sports. Our AI-powered solutions not only protect NCAA’s extensive championship content but also enhance its value through innovative management and licensing.”
For over ten years, Veritone has supported student-athletes, specializing in name, image, and likeness clearances for NCAA video licensees. This comprehensive partnership not only ensures third-party compliance but also empowers student-athletes with valuable media assets for personal and endorsement purposes.
Veritone continues to push the boundaries of AI in digital media management, improving efficiency and unlocking new opportunities for organizations across various industries. For further details about Veritone and its Digital Media Hub, visit Veritone.com.