Entertainment Company Plans to Fund Development of Artificial Intelligence Studio and Streaming Platform
Laguna Beach's New Frontier: AI-Driven Entertainment
Welcome to the next era of content creation, courtesy of Fairground Entertainment! This innovative studio and streaming distribution service is all about AI-generated awesomeness. And guess what? They've just secured a $4 million seed fund from a crew of investors headed by Viant Technology.
Prepare for an overwhelming wave of AI-crafted feature-length programs coming your way this Q3. These masterpieces will be born from collaborations with creators armed with cutting-edge AI tech.
Colin Petrie-Norris, the mastermind behind Fairground Entertainment, is no stranger to the streaming TV game. He previously built, scaled, and sold Xumo TV to Comcast, then took it to new heights through a joint venture with Charter Communications. His knack for scaling and monetizing streaming platforms is now being channeled to revolutionize AI-driven content creation.
"The entertainment sphere is standing on the precipice, propelled by the leaps and bounds of AI tech that hold the power to reshape content creation as we know it," petitions Petrie-Norris. "Fairground's mission is to equip emerging creators with these groundbreaking tools, fostering richer storytelling that the industry craves. We're here to establish new benchmarks, spearheading a burgeoning content community, providing top-notch entertainment at lightning-fast speeds, and disseminating it across an expansive distribution network."
Viant Technology, with whom Petrie-Norris shares a long-standing partnership, played a vital role in Xumo's early days. Their support for Fairground mirrors their shared enthusiasm for innovation in AI-powered streaming entertainment.
So, buckle up for a thrilling ride as we plunge headfirst into the realm of AI-generated content. For more deets, check out fairground.tv!
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- Fairground Entertainment's newly secured $4 million seed fund, led by Viant Technology, will be used to further develop AI-driven video production and streaming technology.
- In the upcoming quarter, AI-crafted feature-length programs will be released as a result of collaborations between Fairground Entertainment and creators equipped with advanced AI technology.
- These AI-generated programs will be part of Fairground Entertainment's media distribution network, aiming to set new benchmarks in the entertainment industry.
- The collaboration between Fairground Entertainment and Viant Technology extends beyond monetary investments, as both share a common goal of utilizing artificial intelligence to revolutionize the streaming media landscape.
