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Tag: Eros Investments

  • Eros Investments and Xfinite partner with Calvin Cheng to launch XelebX

    Eros Investments and Xfinite partner with Calvin Cheng to launch XelebX

    Mumbai: Eros Investments and Xfinite have partnered with veteran entertainment and tech entrepreneur Calvin Cheng to launch XelebX, a web 3.0 members-only celebrity fan club.

    With the use of NFTs and fan tokens, the alliance will introduce over 200 million existing followers of global influencers and celebrities linked to the Eros ecosystem and its group companies to the new metaverse.

    Only NFT members will be able to access XelebX. They will have access to a number of advantages, such as exclusive access to virtual meet-ups with influencers, exclusive material, virtual backstage passes, and celebrity NFT collectibles.

    Speaking on this partnership, Eros Investments chairman Kishore Lulla said, “Over five decades, Eros has built one of the largest media and entertainment businesses, enthralling millions of fans and launching some of the biggest stars in India. One of the key reasons for our success is our ability to embrace change—from film to TV to the Internet and now web 3.0 and the readiness to lead it from the front. The metaverse and the immersive Internet are the technological tides that will carry us forward for the next 50 years. Eros is committed to being at the forefront of its adoption.”

    Furthermore, XelebX will introduce fan tokens that measure an influencer’s popularity and can be traded on significant exchanges, enabling holders from various fandoms to freely trade and swap value. As a result, influencers and celebrities will be able to work together and expand their fan bases in a manner that is naturally compatible with web 3.0 interoperability and composability. Xfinite’s Mad Influence, a well-known influencer marketing business, has joined XelebX.

    Xfinite CEO Swaneet Singh said, “With Xfinite, Eros has already gained invaluable experience in media built upon virtual assets and the blockchain. XelebX is the next natural innovation to bring the global community of entertainment fans into the metaverse and unlock immersive interaction with the influencers they follow.”

    Calvin Cheng added, “Web 3 is all about community building. Other platforms have tried this in the past. They built the tech but struggled to build the community—the key to web 3’s success. We already have the tech expertise and an amazing community of hundreds of millions of fans. We will now onboard them into the metaverse using the latest digital asset and web 3 technologies.”

     

  • Eros Investments acquires ENT global, partners with L3COS

    Eros Investments acquires ENT global, partners with L3COS

    Mumbai: Eros Investments on Tuesday announced the acquisition of ENT Global to form a strategic partnership with L3COS for the mass adoption of the web3 creator ecosystem.

    Later this month, L3COS will launch the world’s first ever fiat-on-chain (FoC) with three initial currencies-EUR, GBP, and USD-all of which are fully one-to-one cash backed and safeguarded by central banks.

    FoC will be used for payments and transactions by launch partners AgriDex, the global supply chain marketplace for the agriculture and food industry, and ENT Global, the digital rights management company now owned by Eros Investments.

    Eros Investments said that this partnership with L3COS will pioneer technological disruption of two trillion dollars in the sports and entertainment industry

    The closed-loop native marketplace for celebrities and creators will be live soon, with an initial $500 million of FoC deposits. Every participant transacting on the L3COS platform will have a KYC/AML screened unique and verified digital identity, to enable individuals, businesses, and governments to interact and trade in a safe and regulated way on a global scale. This frictionless trade is facilitated using smart contracts and the currencies of the end user’s choice. Revolutionary FoC technology delivers real-time settlement (real-time gross settlement) of all transactions within the L3COS ecosystem.

    Eros Investments and ENT Global will power the entertainment and sports marketplace with digital rights management in partnership with L3COS. The collaboration allows the companies to collaborate to build the first web-based entertainment ecosystem, allowing creators and fans to interact directly for the purchase, sale, and trading of various digital assets.

    Eros Investments chairman Kishore Lulla said, “As we ready ourselves for this industry evolution, Eros is pleased to be able to create a first-of-its-kind worldwide marketplace that eradicates barriers to entry for consumers transacting on a blockchain ecosystem. With central bank safeguarding, consumers will be able to confidently, for the first time, transact in an entertainment digital marketplace with fiat on chain capability. This is the next stage of evolution in commerce, and we are excited to pioneer disruption with L3COS.”

    “We are extremely excited about our new partnership with Eros Investments and ENT Global to offer our web3 solution for the entertainment and sports industries, which brings together creators, athletes, and entertainers and allows them to develop and trade digital intellectual properties – from event tickets, art, games, and merchandise – directly with their fans worldwide, without any middlemen or risk of fraud,” added L3COS founder Zurab Ashvil.

  • Eros Investments partners with Stability Ai

    Eros Investments partners with Stability Ai

    Mumbai: Eros Investments and Stability Ai announced a strategic partnership to form a joint venture for the South Asian geography.

    Stability Ai is dedicated to designing and implementing solutions in various sectors of life that are accessible to all through collective intelligence and augmented technology.

    Their solutions affect a range of sectors, from entertainment to business, health, and other social initiatives.

    Eros Investments chairman Kishore Lulla said, “Emad and the fabulous team at Stability.ai have developed this visionary technology with the capability of super-computing that is amongst the top 10 in the world. Users now have an opportunity for creative expression at a pace that didn’t exist before.”

    He further added, “We also plan to deploy this technology across Eros Investment’s affiliate company, Eros Now, which has access to a registered community of over 200 million users. In addition to this, there are use cases for the technology across the metaverse and the creator economy for mass adoption. Deep AI technology will be the future of product differentiation, and we are excited to lead this revolution.”

    Eros Investments will use Stability Ai’s “Stable Diffusion” model, which includes open-source image generation, to manifest ideas and dreams as flawless art pieces using words.

    Stability Ai battles the norm set by big tech companies by using this form of image generation to challenge the barriers that prevent people from accessing artificial intelligence and its benefits.

    Eros and Stability are working to bring this technology that was only privileged to a few, to every Indian to reflect their creativity and imagination.

    Eros Investments intends to use this technology for its subsidiary Xfinite, which has access to a 12,000+ movie asset library, to launch generative NFT and make the tool available to creators for self-expression on Mzaalo, Xfinite’s watch to earn blockchain platform.

    Satbility.ai founder & chief executive officer Emad Mostaquesaid, “India is a fascinating digital market with over 600+ million users and immense creative capability across users. Our vision for this technology is to provide the base layer to the sectors of entertainment, education, healthcare and others and to allow for innovation by the users and peers from business. Eros is the perfect partner for this technology as premium experiences at mass adoption and innovation is core to their ethos of the group. This partnership will help transform not only how we deliver personalization to consumers but also re-orient our lifestyle between the offline and online world.”

    Deep Ai technology and its applications extend far beyond the realm of entertainment, and this joint venture will concentrate on three key areas of collaboration with industry sectors and other partners.

    Generative Meta-Humans: This technology’s evolution is suited to developing 3D rendering of individual avatars, with use cases in immersive AR/VR content, gaming, and the Metaverse. This collaboration will enable the creation of fictional content as well as dynamic individual identities on a daily basis.

    Education: This sector will be a stepping stone in the transformation, with each child learning at their own pace in the language of their choice. For progressive learning at scale, the AI model will allow each student to customise content based on their adoption of the materials.

    Healthcare: This AI model will be tailored to each individual, allowing them to identify their current health vitals, methods for improvement, and track them on a regular basis.

  • Eros Investments collaborates with IIT Bombay to develop AI-based script generating tool Kurosawa

    Eros Investments collaborates with IIT Bombay to develop AI-based script generating tool Kurosawa

    Mumbai: Global media, entertainment and technology portfolio of ventures Eros Investments has announced a strategic collaboration with IIT Bombay to design and develop an AI-based tool for automatic script generation.

    Named Kurosawa, after the celebrated Japanese film director Akira Kurosawa, the software will assist film makers in developing the plot and script of movies by generating a full-length feature film script. IIT Bombay will also create a whitepaper on Kurosawa for academic and research purposes.

    The teams from IIT Bombay and Eros have been collaborating on Kurosawa for over a year. Kurosawa will help identify the right genre, output logline, and synopsis and deliver a potentially hit script that can be customized further as required. In the current phase, Kurosawa can generate multiple engaging plots and scenes basis single input. For example, it can create genre-specific movie plots, basic genre(s) and a short 2-3 sentence prompt. It can also create scenes in a standard screenplay format basis a brief description.

    Automatic Movie Script Generation is a subfield of Natural Language Generation (NLG). The machine can learn plot and scene generation from the pre-existing data with minimum human intervention.

    Eros Investments director Swaneet Singh said, ” This association between Eros Investments and IIT Bombay is an excellent example of the amalgamation of the left and right brain. Kurosawa is a pioneering and cutting-edge technology that will revolutionize the entertainment sector. The tool will enable scriptwriters to focus on creativity and quality while doing the groundwork for them. This innovation marks a new milestone for Eros Investments that will be used as a case study in the future.”

    IIT Bombay dean of research and development Prof. Milind Atrey, added, “Kurosawa will be a huge opportunity to transform the art of storytelling with proficiency and improve efficiency for content creators. We welcome collaboration with Eros investments, led by Prof. Pushpak Bhattacharyya from IIT Bombay, to provide automation to the process of scripting in the entertainment industry. As the outcome of the research, IIT Bombay will also be jointly launching a white paper on Kurosawa that will be used for academic and research purposes, further supporting the upcoming generation looking to make a mark in the industry.”

    Kurosawa is based on the latest deep learning and natural language processing technologies. It is led by Prof. Pushpak Bhattacharyya, known for his artificial intelligence and machine learning expertise, and an internationally renowned research group. He is a professor in the computer science and engineering department at IIT Bombay and is a Fellow of the National Academy of Engineering (2015) and Abdul Kalam National Fellow (2020). Prof. Bhattacharyya is supported in this project by the students from IIT Bombay who are a part of the curriculum.

  • Eros Investments, Wipro sign agreement to develop content localisation solution

    Eros Investments, Wipro sign agreement to develop content localisation solution

    Mumbai: Eros Investments on Thursday announced that it has signed an alliance agreement with IT firm Wipro to evolve and scale the artificial intelligence (AI) and machine learning (ML) based content localisation solution.

    The solution will automate the time-consuming manual content localization process of subtitling and dubbing with near human-level accuracy, driving significant cost and time savings for global media organizations, post-production, and direct-to-consumer over-the-top (OTT) streaming platforms.

    Eros Investments’ data science experts, in collaboration with Wipro’s technology team, will leverage latter’s Vantage solution, an AI/ML-powered content intelligence platform which uses Google Cloud’s Translation AI suite of services to develop both ‘Speech to Text models’ and ‘computer-generated voice from Text to speech’, including voice cloning, emotion tagging, and speed syncing in various languages.

    The first phase of automated translation (Subtitling) will be available in multiple languages, including English, French, Spanish, Arabic, Mandarin, Malay, Bahasa, Tamil, Telugu, Hindi, and Bengali. The ‘use cases’ will be useful in training models to develop the solution in other languages later. Wipro’s Vantage helps extract intelligence/metadata from various forms of content, video, audio, images, printed text and more.

    Eros Investments and Wipro’s joint content localization service will be available to media and entertainment companies in two deployment models: platform-as-a-service and private cloud deployment.

    “Organizations across the media and entertainment space are increasingly seeking out solutions that enable language translation with accuracy and at scale,” said Google Cloud managing director- global systems integrator partnerships Victor Morales. “Wipro and Eros Investments’ content localization service, combined with Google Cloud’s machine learning capabilities, will provide customers the functionality they need to deliver audiences everywhere exceptional viewing experiences”.

    “In a world where content is taking precedence and crossing the cultural & language barrier, subtitles and dubbing have become a critical component of the video viewing experience,” said Eros Investments director Swaneet Singh. “It is well known that ‘good subtitles can’t save a bad film, but bad subtitles can ruin a good one,’ which is one of the reasons why we are co-investing with Wipro in a robust and automated translation solution. As global content reach grows, accelerated and accurate localization will be key in making premium original and catalog programming available to new global subscribers and audiences.”

    “With the ability to scale easily based on client needs, our AI translation solution is ideal for media companies looking to expand their global audience footprint,” said Wipro senior vice president and sector head-communications, media and information technology Malay Joshi. “In addition to improving the accuracy of translated content, our offering will reduce the manual effort involved in translation, bringing down costs and time to market significantly. Improving the ability of viewers worldwide to access and enjoy content from other markets will help increase overall global viewing and OTT platform growth and we are very proud to support this effort.”

    Eros Investments is a global media, entertainment and technology portfolio of ventures including Eros Media World, Eros Now, Xfinite’s Mzaalo and others.