CAMBRIDGE, Mass., June 22, 2020 /PRNewswire-PRWeb/ -- MOLTEN, a cloud infrastructure platform that streamlines digital media rights, content, and financial operations, today announced that it will unveil the first Delivery-as-a-Service (DaaS) solution for film and TV content during the Cannes Next conference. This announcement will coincide with a keynote by Arjun Mendhi, CEO, entitled "The Cloud Revolution: Growing Your Content Business in a Virtual World," during the Marché du Film festival on June 25th at 14:00 hrs CET/8:00 am EDT.
MOLTEN's new DaaS solution now enables film and TV production, distribution, streaming and services companies to deliver and receive terabytes of content via the cloud — achieving significantly faster creation and transport of content packages at a fraction of the cost of most file transport services, without compromising security. Being an integrated cloud infrastructure, MOLTEN's DaaS offering is seamlessly connected with its core rights and content management applications, which further eliminates days of work involved in preparing content for every delivery. Users can now create and send packages of content with appropriate metadata in just minutes.
"As content gets larger, it has become extremely expensive and time consuming to securely transport large media files. For example, uploading and transporting a typical film package of about 10 terabytes over broadband internet can take over 100 days," explained Mendhi. "We developed this service to optimize five key parameters that are essential to address this bottleneck in the operations value chain — security, speed, cost, convenience, and customization. This new solution in MOLTEN Cloud gives our partners unprecedented ability to move massive amounts of video and other digital content quickly, safely and inexpensively, and reinforces MOLTEN's ability to modernize the value chain underpinning the $141B digital media publishing industry."
"The advances MOLTEN has made in the development of its platform have enabled us to scale to previously unseen levels, indicating the value they continue to provide as a partner in our business," explained Indie Rights CEO Linda Nelson. "MOLTEN's first platform iteration enabled us to reduce our turnaround time for avails from days to seconds. With the addition of its DaaS, we can now package and securely deliver hundreds of films to streaming partners around the world in mere minutes."
Built by a team from MIT, MOLTEN was founded in 2018 by Arjun Mendhi, an entrepreneur, engineer and artist. As the CEO of MOLTEN, Mendhi leads innovation to solve some of the most pressing challenges that the media and entertainment industry faces today. Prior to MOLTEN, Mendhi led product, technology and business operations at organizations ranging from public corporations such as Danaher, to technology startups such as Infinite Analytics. A two-time winner of the prestigious MIT $100K Web and IT Award, he has an MBA from MIT Sloan and CS undergraduate from Anna University.
About Cannes NEXT
Cannes NEXT is a cutting edge showcase and business platform connecting world class creativity with world class innovation at the world's leading platform for moving images. Cannes NEXT is a shortcut to professionals and press attendees at Cannes: from global studios, technology companies and platforms, game and interactive developers, IP and packaging experts, startups and innovators, and decision makers from Hollywood to Asia. Highlight events include the Cannes NEXT Summit exclusive event on the future of creativity, technology, gaming, IP, and content with keynotes, showcases and presentations from visionary speakers to the exhibition of latest technologies, platforms, and business models. Cannes NEXT Startups will feature a showcase of the best of mediatech startups across the world and 1:1 meetings with investors, financiers, and decision makers.
About MOLTEN
MOLTEN empowers rights-holders of digital intellectual property through technological innovation. MOLTEN works closely with media and entertainment organizations, such as film/TV production, distribution and services companies. The MOLTEN cloud platform transforms media rights, content and financial management, radically simplifying global operations. The platform empowers its users with analytics, infrastructure and networks to accelerate deal-making and content monetization worldwide. MOLTEN was founded in the heart of Massachusetts Institute of Technology, and is committed to breaking the barriers that hold digital creativity and media experiences back today. MOLTEN's team includes engineers from MIT, executives from the media industry, advisors such as Jack Dorsey and Kevin Yorn, and it is backed by top-tier venture funds and StartX. For more information visit https://www.molten.co and follow @molten_inc on Twitter, @molten_inc on Instagram, and @molten on Medium.
For further information reach out to [email protected].
Contact information for Indie Rights: [email protected].
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