LAS VEGAS, Aug. 1, 2018 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence (AI) solutions and digital media properties, including Vegas.com, today announced that it has been chosen by Allinone (AIO), a leading big data marketing and consulting company serving China's film market, to support the industry's first and only full-process system covering data analysis, forecasting and consulting on film performance from pre-release to post-release across China's entertainment market.
AIO, whose clients include Warner Media and Paramount Pictures, has been authorized by China'sState Administration of Radio, Film and Television (SARFT) to create a data analysis product using the root level data of China's film market. Remark has partnered with AIO to utilize its KanKan AI technology to support the design and build-out of the data processing and analytics system. As part of the partnership, Remark has also invested $1 million USD ($6.6 million RMB) in the venture and is providing its technology services. The "All-in-One" solution is being developed to address the highly inefficient film forecasting environment in China, which has resulted in an elevated level of risk for film producers, investors, advertiser and marketers. According to SARFT, China's film market is expected to be the world's largest by 2020.
Building on the root level data from SARFT, the AI solution will deliver a comprehensive snapshot of film sentiment and performance, spanning pre-production, pre-screening surveys and public opinion tracking, as well as box-office tracking and reporting, including ticket issuance, ticket sales, screening, cinema data, etc. In addition to tracking down accurate data from multiple sources, combined with myriads of historical data, the solution will also detect anomalies and box office fraud.
"We're excited about the unique opportunity to partner with AIO in delivering an elegant solution to China's inefficient film forecasting industry," said Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings. "Using KanKan technology, AIO will be the only venture able to complete the puzzle by generating valuable insights through cross-referenced data from different stages of a typical movie lifecycle. This innovative platform will support increased investment across China's film market, as transparency regarding film sentiment and performance improves substantially. This partnership represents another example of our ability to leverage KanKan's AI technology to deliver highly effective solutions to complex problems."
About Remark Holdings, Inc.
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, financial, public safety and workplace arenas. The company also owns and operates digital media properties that deliver relevant, dynamic content and ecommerce solutions. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please visit the company's website at www.remarkholdings.com.
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