Blackrock-backed Minute Media acquires Indian AI startup that extracts sports highlights

Blackrock-backed Minute Media, a global digital media platform, has acquired VideoVerse, an Indian AI startup that specializes in extracting sports highlights and creating content from video footage. VideoVerse's technology uses artificial intelligence to automatically identify and extract key moments from live sports broadcasts, allowing broadcasters to quickly create highlights and other engaging content. This acquisition is expected to strengthen Minute Media's capabilities in sports media and content creation. The financial details of the deal have not been disclosed, but it is seen as a strategic move by Minute Media to expand its presence in the growing Indian media market and leverage VideoVerse's innovative AI-powered technology. The acquisition is part of Minute Media's broader strategy to enhance its digital media offerings and cater to the increasing demand for personalized and interactive sports content.