The Partnership will Include an Equity Investment
TEL AVIV, Israel and RIO DE JANEIRO (PRWEB) December 04, 2019
Grupo Globo and Pixellot – today announced their partnership to ramp-up AI-Automated production in South America’s largest media market, expanding the right-holder’s coverage of numerous sports leagues and competitions across Brazil. The partnership includes a US$ 3.3 million investment of Globo in Pixellot.
The investment in Pixellot and installation of its AI-Automated production systems at stadiums, facilities and sporting complexes across the country promises to open up several new content opportunities of sports leagues and competitions that were previously unavailable to the Brazilian public. As a result, sports fans will receive access to more live and on-demand matches and events across multiple screens and distributions platforms owned or operated by Globo.
Pixellot’s AI-driven technology automates the production workflow from the sporting ground to the end user. Utilizing an unmanned multi-camera device and a cloud-based AI, auto-production algorithms track the flow of play, update the scoreboard, identify highlights, and insert ads with zero human intervention. Pixellot then distributes the game footage across web and mobile platforms, empowering sports teams, leagues, and educational institutions to broadcast more content than ever before.
“After reviewing many technologies in the media market, we concluded that Pixellot has developed the only technology that can provide a solution at the scale and quality we require. It also has the widest portfolio of products that can cater to every market in our media value chain,” says Roberto Marinho Neto, Director of the Sports Division at Grupo Globo. “Globo will be able to produce entire new verticals of sports and expand our coverage in soccer, which is the national passion. This includes professional men and women leagues and competitions, as well as semi-professional, and niche sports for the first time ever.”
“The investment in Pixellot is a step further in our strategy of becoming a media-tech company, using cutting edge technologies to increase and enhance our capabilities in content production and distribution. Artificial Intelligence applied to computer vision can be a revolution in sports events and Globo wants to be one of the companies leading this trend,” says Jorge Nóbrega, Grupo Globo CEO.
Currently, Grupo Globo owns the media rights for most of the professional leagues and international competitions in the region, including the FIFA World Cup, the Olympic Games, Brasileirão Série A, Volleyball Superliga, and CONMEBOL tournaments.
Grupo Globo will join existing investors in Pixellot which include Shamrock Capital, Firstime, Baidu and Asahi Broadcasting Company.
“We are thrilled to announce this new strategic partnership and investment by Grupo Globo, one of the world’s largest media companies, “says Alon Werber, CEO of Pixellot. “The Brazilian market is filled with millions of enthusiastic sports fans in many types of sports. Grupo Globo’s vision to lead a technological revolution in sports coverage will deliver increased fan access and enable the company to monetize entire sporting verticals for the very first time, pioneering a seismic advancement of the South American sports industry.”
About Grupo Globo
Grupo Globo is a conglomerate of 100% Brazilian media companies that creates, produces and distributes content for 99,6% of local residences, in all country. The group is composed of corporate interests in assorted Medias, including Globo, Globosat, Globo.com, Editora Globo, Sistema Globo de Rádio and Som Livre.
For more information: http://grupoglobo.globo.com/en/
Pixellot offers automated sports production solutions that provide affordable alternatives to traditional video capture, production, and distribution systems for professional and semi-professional sports events. Founded in 2013, Pixellot’s AI technology solution streamlines production workflow by creating a stitched panoramic image of the entire playing surface. Advanced algorithms enable automated coverage of the flow of play, generate highlights and add graphics and ads. Pixellot systems are deployed by broadcasters, production companies, clubs, federations, universities, high schools, sports portals, and coaching solution providers around the globe. Pixellot is backed by Shamrock Capital and First Time Ventures.
For more information: http://www.pixellot.tv
Media contact: Yossi Tarablus | Director of Marketing | +972.522.890.297 | [email protected]
For the original version on PRWeb visit: https://www.prweb.com/releases/grupo_globo_latin_americas_largest_media_group_announces_a_strategic_partnership_with_pixellot_to_scale_ai_automated_sports_production_in_brazil/prweb16759776.htm
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