Cineverse (CNVS) has formed a new division, Cineverse Technology Group, to focus on technology monetization and accelerating artificial intelligence-driven innovation.
Cineverse said Monday the new group is developing AI-based tools aimed at improving decision-making, profitability, and operational efficiency across all stages of the entertainment lifecycle.
The group will also work to expand commercial licensing of Matchpoint, the company's media supply chain platform, by targeting media firms and studios seeking cost-effective modern infrastructure.
As part of the initiative, Cineverse promoted Tony Huidor to president of technology. He will also continue in his role as chief product officer.
Price: 3.40, Change: +0.03, Percent Change: +0.89
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.