EQS-News

'Innovation through partnerships: Your Family Entertainment AG integrates artificial intelligence (AI) into its corporate strategy'

EQS-News: Your Family Entertainment AG / Key word(s): Miscellaneous 'Innovation through partnerships: Your Family Entertainment AG integrates artificial intelligence (AI) into its corporate strategy' 01.02.2024 / 12:51 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News of Your Family Entertainment AG

"Innovation through partnerships:
Your Family Entertainment AG integrates artificial intelligence (AI) into its corporate strategy"

 

Munich, February 1, 2024

Your Family Entertainment AG (YFE), a leading listed media company in family entertainment (WKN: A161N1, ISIN: DE000A161N14, abbreviation: RTV), is initiating a strategy to revolutionize profitability through the use of AI in three key areas. The Management Board of YFE is increasingly focusing on the use of artificial intelligence in operations via i) localization and language adaptation, ii) quality improvement of existing content and iii) efficient content analysis and trend prediction.

"By using advanced AI technologies, we will expand the language versions of our content. This supports our high standards and ensures that our content is child-friendly and grammatically correct in every language," says Dr. Stefan Piëch, CEO of YFE.

"The use of AI tools to revise existing content also enables a significant improvement in image quality. This meets the growing demands of the audience and strengthens the strategic position as an established and award-winning provider of high-quality family entertainment".

In addition, the use of AI allows content to be analyzed and optimized efficiently. The technology supports the recognition of patterns and trends in viewing habits and helps to predict future market trends. This will not only increase reach and profitability, but also uncover new opportunities for the existing film library and enable YFE to adapt its portfolio to the ever-changing needs and interests of the global market.