NEW YORK, June 28, 2017 /PRNewswire/ -- Wibbitz, the leading AI-powered video creation company, today announced that it has partnered with Pond5, the world's largest online marketplace for royalty-free stock footage and media assets. The partnership will supplement Wibbitz's comprehensive media library with an extensive collection of unique and compelling creative assets including videos and images.
Wibbitz will integrate the Pond5 media library into its system, which automatically produces videos from text content and media. Using technologies like natural language processing and machine learning, the Wibbitz platform analyzes text-based information, identifies key messages like people, places, and events, and fetches relevant media to match with the summarized storyline. The vast and ever-growing Pond5 creative collection enriches the Wibbitz media library and provides more diversified quality media choices for existing partners, including CBSi, Hearst, Time Inc., Bonnier, AOL, and AMI.
The partnership will help lifestyle-focused publishing brands who are limited by their media resources to scale production of emotionally compelling videos that cover topics such as fashion, fitness, entrepreneurship, and travel.
"In our video strategy partnerships with many premium publishers, we've learned that quality media assets not only strengthen storytelling capabilities, but also inspire creativity in content creators," says Zohar Dayan, Co-Founder and CEO of Wibbitz. "That's why we've joined forces with Pond5 to extend our media library with creative assets that elevate the quality standards of videos created with our platform."
"Wibbitz and Pond5 share the same vision of revolutionizing video production using innovation and technologies in visual media," says Jason Teichman, CEO of Pond5. "We believe that Wibbitz's portfolio of top publishers will bring more exposure to Pond5's leading collection of media assets and to our 60,000 filmmakers and creators from around the world."
Wibbitz is the leading AI-powered video solutions company for publishers. Partners including Reuters, Forbes, CBSi, Bonnier, Time Inc., and FOX Sports use its text-to-video technology to automatically produce custom branded, short-form videos at scale. Wibbitz supports video creation and distribution for over 400 publishers, helping to increase audience engagement and ad revenues across desktop, mobile, and social. Founded in 2011, Wibbitz has offices in NYC, Tel Aviv, and Paris.
Pond5 is transforming the role of video in the creative process by connecting producers, creative directors and editors to more than 60,000 filmmakers and creators in over 150 countries. The company strives to improve creative production through its innovative artist technology, easy-to-use platform, and ever-growing library of more than seven million royalty-free video clips, plus millions of, music tracks, sound effects, photos and other leading-edge media. Pond5 is a venture-backed company funded by Accel Partners and Stripes Group with offices located in New York, Dublin, and Prague.