CNN-Canopy enter asset deal to accelerate development of NewsCo

By Akshay Kedari  | Date: 2020-04-08

CNN-Canopy enter asset deal to accelerate development of NewsCo

CNN International, an international pay television channel, has recently entered an asset acquisition agreement with Canopy and hired its development team of experts.

The asset acquisition was strategically made by CNN to accelerate the development of the project NewsCo, a forthcoming news & information platform. The platform will connect users to various trusted sources, creators, and storytellers that cover a wide range of topics. The recent effort to address the evolving users demand for trusted information sources has been carried out by CNN’s team of technologists and strategists, whose exclusive focus lies in forming new platforms and products to impel the future business growth.

Canopy is a Brooklyn- and Boston-based private personalization engine that delivers advanced internet service. Founded by Brian Whitman, the company consists of a team of proven experts who have backgrounds at Flipboard, Twitter, Google, Instagram, Spotify and other companies that have built several internet personalization layers that are currently in use. The company, which was launched in 2018, also has built a controllable, explainable, and private architecture to enable users discover information while maintaining the data security and protection. It can facilitate the delivery of best discovery experiences to users through its combination of human curation, differential privacy, and on-device machine learning.

According to Andrew Morse, EVP and Chief Digital Officer of CNN, the asset acquisition will considerably support its team of proven, best-in-class experts in developing the new platform by exploiting their deep knowledge and skills. Canopy can also help the business experts better understand the means to reach the goal through its culture of fast-cycle and iterative software & product development.

As per the statement made by Canopy’s Brian Whitman, the company is excited to join the team of experts at CNN and build trusted sources of information and issues for millions of users across the globe.

Source credit:

https://cnnpressroom.blogs.cnn.com/2020/04/07/cnn-acquires-canopy/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More >>

More News By Akshay Kedari

Google Fi confirms data breach, leaking millions of customer’s data

Google Fi confirms data breach, leaking millions of customer’s data

By Akshay Kedari

Google Fi, Google's cell network operator, has reportedly revealed a data breach, which is most likely related to the T-recent Mobile's security disaster, which allowed hackers to leak millions of customers' personal information. The p...

European semiconductor giant ASML forecasts a sales surge for 2023

European semiconductor giant ASML forecasts a sales surge for 2023

By Akshay Kedari

Dutch semiconductor company ASML has reportedly forecast a revenue jump for the year 2023 as the global semiconductor industry anticipates a reacceleration of growth during the second half of this year. According to the firm, its net sales  f...

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

Interfor Corporation acquires 100% equity interest in Chaleur Forest Products

By Akshay Kedari

Following this funding, Interfor's long-term debt will hold a weighted average interest of 5.30% Interfor registered a Net Debt to the Invested Capital ratio of nearly 10% as of October 31, 2022 Interfor Corporation, one of the world...

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

ESR's ARA and Export-Import Bank of China partner in a deal worth US$1B

By Akshay Kedari

Leading real estate services and investment company, ESR Group Limited, has recently announced that its exclusively-owned subsidiary, ARA and the Export-Import Bank of China have inked a breakthrough collaboration in a deal worth USD 1 billion infras...

Circularise nabs $11M to bring circular economy to industrial supply chains

Circularise nabs $11M to bring circular economy to industrial supply chains

By Akshay Kedari

Leading software platform, Circularise recently announced that it has raised $11.3 million (€11 million) in funding as part of its Series A round in a bid to advance its mission to bring a circular economy to industrial supply chains. The fun...