24i acquires The Filter
2022-04-06
24i, the end-to-end video streaming expert, has acquired UK data specialist The Filter. The Filter’s team of data scientists will continue to be based in Bath, UK and will work alongside 24i’s existing data team to further develop the company’s data offering which already includes quality of service metrics, content usage and royalty reporting capabilities.
24i CEO Neale Foster said, “24i’s OTT and Pay TV customers know that increased consumer engagement is an essential element of their business success – it drives down churn for subscription services and increases the lifetime value per customer in ad-supported business models. The Filter’s managed service is based on a ‘test, learn and refine’, AI-based methodology that sets it apart from other off-the-shelf recommendation engines and analytics packages. We’re excited to bring this expertise in advanced, data-driven personalization and recommendations into 24i’s modular offering.”
The Filter’s data science, analysis and machine learning technologies help consumers to find and watch more of the video content they desire. Its managed service approach helps streaming providers to increase consumer engagement by surfacing more relevant content.
The Filter’s CEO Damien Read, who now becomes 24i’s SVP of Data Products, commented, “The Filter has a history of significantly improving people’s entertainment experience though using cutting edge data science. We power everything from the ‘recommended for you’ rails in video streaming apps, to personalised recommendations in marketing and even entirely dynamic user interfaces that adapt to the individual consumer’s viewing habits. Continuously improving personalisation is enormously important to our streaming customers and our powerful insights often help to shape their strategic thinking. We are very excited to be joining the 24i family as this will help us to further develop our offering and bring this game-changing technology to a wider range of entertainment companies worldwide.”
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