01:57 PM EST, 12/12/2024 (MT Newswires) -- Veritone ( VERI ) said Thursday it signed a new multiyear licensing agreement with CBS News and Stations that also expands their partnership to include exclusive local news content from CBS-owned stations.

The contract covers the use of Veritone's ( VERI ) aiWARE enterprise artificial intelligence-powered platform by Paramount Global ( PARAA )-owned (PARA) CBS to enhance access to its licensed content across numerous distribution channels.

Financial terms of the deal weren't disclosed.

Shares of Veritone ( VERI ) were down 2.4% in recent trading.

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