FAANG-company licences Cantemo and Accurate.Video to manage OTT-platform delivery
Umeå, Sweden, April 2024 - Codemill (Nasdaq: CDMIL) has announced a new deal with a FAANG-company, based in California, to provide its hybrid-cloud MAM system, Cantemo, as well as Accurate.Video. The deal, worth 2,3 MSEK in total, out of which 1,9 MSEK in recurring revenue and the rest is managed services. This will help the customer to ensure the quality of incoming content from suppliers.
The customer is responsible for commissioning, managing, and delivering entertainment content to their own OTT-platform. As part of its growing media supply chain solution, the company is building out its content acquisition interface to take greater ownership of its licensed content. By implementing Cantemo and Accurate.Video, they will be able to streamline its content acquisition process, improve collaboration with content suppliers, and ensure that only the highest quality content is delivered to viewers.
Maria Hellström, CEO of Codemill, commented on the deal: "We are thrilled to be working with this FAANG-company to support their goal of creating and sharing world-class content with viewers. Our hybrid-cloud MAM system, Cantemo, is the perfect solution for managing and delivering high-quality content in today's fast-paced media landscape. We look forward to helping the company streamline their content acquisition process and ensure that only the best content makes it onto their platform."
With Cantemo and Accurate.Video, the company will be able to manage and organise its media assets more efficiently and increase collaboration with content suppliers. The deal is a testament to Codemill's expertise in media asset management and its commitment, helping customers succeed in today's rapidly evolving media landscape.