7th April 2021
Crowd Media Holdings Limited (ASX: CM8 & FWB: CM3) (“Crowd” or “Company”) has today appointed Mr Matthew Blake and Mr Scott Mison as Non-Executive Directors of the Company.
Mr Mison has also been appointed as Company Secretary.
Mr Blake has 25 years’ experience in the financial services industry and with ASX companies. He joined DJ Carmichael Pty Limited in 1999 as an Investment Adviser, later becoming an Executive Director of the company until the sale of the business to Shaw and Partners Limited in 2019. Mr Blake has a Bachelor of Commerce degree from the University of Western Australia and a Graduate Diploma in Applied Finance and Investment with the Financial Services Institute of Australasia.
Mr Mison has more than 23 years of corporate and operational experience across Australia, UK, Central Asia, Africa and the US. He has held many Director and Company secretary roles with ASX and LSE companies. Mr Mison holds a Bachelor of Business degree majoring in Accounting and is a Member of the Institute of Chartered Accountants in Australia and Governance Institute of Australia.
Crowd has had to wind back some of its partnerships as the cost of influencer marketing due to covid has made some offers uneconomic. This means that they are now fully focussed on delivering on the AI Talking Head as detailed in the latest announcement.
Crowd Media Launches AI Based Talking Head
I am pleased to report that Crowd Media (ASX: CM8 & FWB: CM3) has today released the beta version of its Talking Head “Digital Dom” which is 100% synthetic/digital and combines both in-house and investee technology
Working closely with our AI partners, we have made significant progress with the R&D needed to drive the commercialisation of our Talking Head initiatives. A summary of 3 key milestones achieved is outlined:
Crowd’s “Digital Dom”: Crowd has today released its beta version of the “Digital Dom - Talking Head”. This digital twin of Crowd’s Director, Domenic Carosa, showcases Crowd’s integration of our partner technologies (Aflorithmic for Dom’s synthetic voice cloning, and our Israeli VFR 50:50 Joint Venture for the Digital Dom). Bolted together, these will serve as a platform for our conversational commerce. View here or click below.
Uneeq Limited: Crowd investee, Uneeq, has released a digital human twin of All Blacks rugby legend Sir John Kirwan. View here.
Forever Holdings: Crowd’s investee, Forever Holdings (UK), has just released “In The Room With Nile Rodgers” which is targeted at music lovers. The experience is being delivered in association with Universal Music, the National Portrait Gallery, and Abbey Road Studios and has already started to generate revenues. View Here.
Each of our investee partners share a common objective: to create a virtual, interactive one-to-one conversation. Whilst each has approached the problem from a different angle, each solution can leverage Crowd’s best-in-class Q&A engine to drive the conversational outcome.
The Plan is coming together: we now have the substrate upon which we can integrate our Investee Partner’s tech with Crowd’s Q&A tech so that it becomes a conversational commerce platform. Although it might seem fake to you today, by the end of next year it will appear very real indeed. Imagine talking with a virtual Lewis Hamilton, or having a virtual Jamie Oliver chat with you about a recipe!
15th March 2021
CROWD MEDIA LICENCES CONVERSATIONAL AI PLATFORM
Crowd Media Holdings Limited (ASX: CM8 & FWB: CM3) (“Crowd” or “Company”) is pleased to report a new software licensing agreement for access to its Conversational AI platform to investee Forever Holdings Limited (“Forever Holdings”). This AI-driven technology leverages Crowd’s 10 years of experience and technology development of this proprietary software in the Conversational AIspace.
Forever Holdings is signing a 17-month SaaS Licencing agreement with commercial terms of GBP170,000 (approx. AUD$305,000) with GBP120,000 (approx. AUD$215,000) payable in cash over the first 12 months and GBP50,000 (approx. AUD$90,000) payable as in-kind services (as announced to the ASX 11th September 2020) in months 13 to 17. The licence is non-exclusive and doesn’t automatically renew at the end of the 17-monthterm.
Forever Holdings is a leading-edge voice-and-visual Interactive Digital Media company. Their technology can enable one-to-one digital encounters between an influencer and any follower who wants to converse with them 1:1, 24/7. This voice and visual experience, which already leverages machine learning and natural language processing,has the potential to integrate with Crowd’s human and AI-driven conversation technology platform, across multiple languages. Forever’s technology has recently been showcased in a Holocaust museum in Germany and sits between pure AI and pure human approaches.
4 March 2021
Update from Steven Schapera
"As Chairman of Crowd Media (ASX: CM8) I am pleased to share this half yearly update. Today, Crowd is positioned better than ever with 2.5+ years of funding based on current expenditure run-rate, and having assembled an execution team to drive our Talking Head vision to commercialisation. With Aflorithmic, Forever Holdings, VFR and UneeQ at our table, I believe we have market-leading partners and have strengthened our position substantially. Here are some key financial highlights from the December half year:
Conversational AI Report by Deloitte Digital
"I am pleased to report that Crowd Media (ASX: CM8) has now completed our strategic investment in Aflorithmic Labs which gives Crowd a 10% equity in the synthetic media company.
This collaboration enables the accelerated integration of Crowd’s well-proven AI-driven Q&A Chatbot technology (which has processed in excess of 180 million questions and answers) with AFLR’s voice cloning technology and the video technology from one of Crowd’s other JV partners, VFR as previously announced.
Together, these comprise the platform for Crowd’s Talking Head technology that aims to deliver an immersive experience combining sight, sound, and real-time conversation. This will be the next evolution of conversational commerce, making the current text-only standard look archaic.
With our strategic partnerships now in place, Crowd's vision of conversational commerce is coming together and we note a report titled 'Conversational AI - The next wave of customer and employee experiences' by Deloitte Digital is now publicly available and can be viewed here."
Crowd Media Holdings Limited
29th January 2021
DECEMBER QUARTER 2020 ACTIVITIES REPORT
This week Crowd Media announced the following collaborations and then subsequently a capital raising at 5 cents.
• Launched a beta version of its conversational commerce “talking head” 12 months ahead of schedule
• Crowd’s “talking head” has applications across influencer marketing, ecommerce, education and many other sectors
• As part of this limited beta trial, CM8’s first “talking head” is an AI driven Chatbot that can be used to help customers select the appropriate products for the www.MDcomplete.eu brand (exclusive distribution agreement announced 9th September 2020). A proof of concept “talking head”, can be viewed at https://bit.ly/CM8-EmmaBeta
• CM8 has entered into a strategic partnership with NZ based UneeQ Ltd for the creation of “Digital Ambassadors” to help power Conversation Commerce activity & influencer marketing
• CM8 will form a 50-50 Joint Venture (“Talking-Head JV”) with Israeli based VFR Assets and Holdings Ltd (www.Zoe01.com) to create a platform for the scalable creation of “talking heads” for the digital influencer, education and various other sectors
• CM8 has agreed to invest up to USD$250k into the Talking-Head JV
The links in the ASX announcement provide good examples of how the "conversational commerce" idea will be implemented and the capital raising will provide funding for the implementation and growth.
Crowd Media is still only valued at a Mcap of 2x revenues, whereas a basket of comparable companies trades at an average of 5.5x, so there is still a significant upside.
The possibilities for linking a digital avatar together with AI chatbot are immense.
Imagine getting this incorporated into Microsoft's Cortana or Apple's Siri and the you will get to see the potential here.
Breakout of the 3.5 cent resistance level and a positive backtest this week and a close of 4.1 cents. Crowd is trailing on a multiple of Mcap to Revenue of only 1x whereas the general market is averaging 5.4x.
Check out the attached chart to show other companies' multiples. Crowd (CM8) could easily re-rate by fivefold and yet still not be overvalued.