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blinkx Content Correlation Engine Automatically Turns Readers into Viewers, Boosting Publisher Asset Revenue
Thursday, May 08, 2008
Media Companies who Boast Large Audiences That Primarily Read Textual Articles on Their Sites are now Able to Automatically Drive That Audience Towards Higher Revenue Yielding TV and Video Content
SAN FRANCISCO, California, May 8 /PRNewswire-FirstCall/ -- blinkx, the
world's largest and most advanced video search engine, today announced the
availability of the blinkx Content Correlation Engine, an extension of
blinkx's Advanced Media Platform. blinkx Content Correlation Engine utilizes
blinkx's patented technology and will allow media companies that today
attract some of the largest and most profitable online audiences to
automatically match textual and video assets on every single page of their
websites, seamlessly morphing readers into viewers, in order to drive
massively increased revenues.
The proliferation of broadband has driven a strong and growing market for
publishers that own and product video assets. Average online video
advertisement Cost Per Mille (CPM) rates are often an order of magnitude
greater than equivalent textual banner advertisements and this effect is most
pronounced when the publisher of the content is a popular, trusted brand. As
a result many publishers who have strong brands built on offline and online
text content are increasingly producing online video as a method to drive new
and faster-growing advertising revenues. In the past four years, brands that
have begun this approach include The Wall Street Journal, The Financial
Times, Forbes Magazine, BusinessWeek Magazine and many others.
The production of online video is, however, just the first step. Existing
audiences who currently predominantly read text articles must then be
converted to start to watch video content; changing readers into viewers. As
that audience today spends the majority of its time on text articles, placing
highly relevant video content, inline within text articles is a critically
effective strategy in initiating the reader to viewer conversion process.
Existing blinkx AMP customers are already adopting the Content Correlation
Engine.
blinkx's technology uses advanced speech-recognition and visual analysis
to automatically analyze and process video content on the web, delivering
results that are more accurate and reliable than standard metadata-based
keyword search technology. blinkx's Concept Recognition Engine (CoRE) then
applies a unique, patented pattern-matching process to the extracted
information in order to recognize ideas, concepts and themes within video. It
is the automated understanding that CoRE provides that allows the Concept
Correlation Engine to automatically match relevant textual and video assets.
"The blinkx technology has allowed us to make dynamic recommendations to
users, optimize our search ranking and increase our visibility," said Ari
Brandt, general manager, Portfolio.com.
"With the blinkx Advanced Media Platform, we have found a solution that
solves many of the problems we've encountered in featuring video content on
our Web site," said Albert Aimers, CEO, WallSt.net.
"We've enhanced the value we can derive from our video assets and we
expect to significantly enhance both our brand and our users' experience
online."
"Many media companies sit on a goldmine of video assets but struggle to
generate large-scale audiences for that content. This occurs because so much
of the internet is still stuck in a text-oriented form, with users who have
the potential to become avid video viewers still unaware of the video riches
that their favorite text sites have to offer," said Suranga Chandratillake,
CEO and founder, blinkx.
"The blinkx Content Correlation Engine uses our ability to conceptually
understand the true meaning of a piece of TV or video content to match those
assets to relevant text articles. The process is entirely automatic and so
can be deployed across massive websites with thousands of articles and
millions of page-views, immediately scaling video audiences on those sites
and driving order of magnitude growth in video views and, as a result,
increased video advertising revenue."
For more information on the blinkx Content Correlation Engine and the
Advanced Media Platform, please visit
http://www.blinkx.com/corporate/advancedMediaPlatform.
As the pioneer in video search technology, blinkx has built a reputation
as the smartest way to search new forms of online content such as video. With
more than 220 partners and 18 million hours of indexed video and audio
content, including favorite TV moments, news clips, short documentaries,
music videos, video blogs and more, blinkx uses advanced speech and visual
recognition technologies to deliver results that are more accurate and
reliable than standard metadata-based keyword searches.
About Conde Nast Portfolio.com
Portfolio.com is the online counterpart to Conde Nast Portfolio, the new
business magazine launched in April 2007. The site provides insight into the
day's top business stories, with analysis from bloggers and columnists on a
diverse range of business topics, from hedge funds to politics to Hollywood,
as well as editorial content and photography from the magazine.
About WallSt.net
WallSt.net (http://www.wallst.net) is owned and operated by WallStreet
Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc.
(OTCBB: FNGP; http://www.financialmediagroupinc.com). The Web site is a
leading provider of timely business news, executive interviews, multimedia
content, and research tools. Financial Media Group, Inc. also owns
my.wallst.net, a financial social network for investors, and Financial
Filings Corp. (http://www.financialfilings.com), a provider of compliance
solutions to publicly traded companies. In addition to WallSt.net, WallStreet
Direct, Inc. owns and operates WallStRadio (http://www.wallstradio.com), a
business and finance podcast Web site; and WallSt TV (tv.wallst.net), a hub
for business and finance video programming.
About blinkx
blinkx plc (LSE AIM: BLNX) is the world's largest and most advanced video
search engine. Today, blinkx has indexed more than 18 million hours of audio,
video, viral and TV content, and made it fully searchable and available on
demand. blinkx's founders set out to solve a significant challenge - as TV
and user-generated content on the Web explode, keyword-based search
technologies only scratch the surface. blinkx's patented search technologies
listen to - and even see - the Web, helping users enjoy a breadth and
accuracy of search results not available elsewhere. In addition, blinkx
powers the video search for many of the world's most frequented sites. blinkx
is based in San Francisco and London. More information is available at
http://www.blinkx.com.
Press Contacts:
Tim Turpin
Sparkpr
+1-415-321-1894
tim.turpin@sparkpr.com
Clare Gayner
Bite Communications
+44(0)20-8834-3454
Clare.Gayner@bitepr.com
SOURCE blinkx PLC
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