AI software, applications and services provider Veritone today announced an agreement with ESPN to license its extensive archive of sports audio content from NCAA Div. I Championships. Financial details were not released.
“This collaboration allows ESPN to monetize its vast library, while also empowering content creators to tell richer, more engaging stories. This is a win for ESPN, a win for creators, and a win for the fans who can now experience these iconic moments in new ways,” Veritone CEO Ryan Steelberg said in a statement about the arrangement.
Several of Veritone’s (Nasdaq: VERI) key executives are based in Irvine, while its headquarters are in Denver.
Shares in Veritone closed up 3.7% at $5.91 apiece for a market cap of $414 million.
