Colin Petrie-Norris is the founding father of Xumo and a pioneer in the free advertising-supported TV (fast) zone. Now, he hopes to announce a statement on the direction of AI leisure.
Petrie-Norris' new company is Fairground Leisure, a studio and streaming distribution service that is completely centered on AI-generated TV collections. He raised a $4 million seed sphere from a group of buyers with a large number of expertise, one of the many founding companions Xumo has with Panasonic.
In response to Petrie-Norris, Fairground plans to debut its main wave of real shows in the third quarter of 2025. The initial plan will begin with the “reimagined” story of the “iconic” public area, the “reimagined” mentioned by Petrie-Norris, which begins with an exhibition based on the characters of Dracula and Robin Hood. He also mentioned him in a series of discussions with Studios about formally licensed famous IPs to show as AI-based. He added that of course, the genre uses AI-generated materials as well as animation, content materials for young people, horror and science fiction.
Petrie-Norris mentioned that the company's mission is to enhance creators' abilities by combining real storytelling and human creativity with generated AI knowledge. For its first move, Fairground is funding a group of hand-picked AI creators who leverage a variety of generated AI platforms and instruments. The startup’s Petrie-Norris-based company has a large number of twelve AI-powered TV shows.
“The leisure business is the key second place, driven by the rapid development of applied AI science that promises to redefine the creation of content materials,” Petrie-Norris mentioned.
In the Fairground case, he mentioned: “Shoppers may click on a curiosity because of AI – but when it’s not good, they don’t seem to come back.
Petrie-Norris was based on XUMO until 2011, which offers dozens of free streaming channels. He reportedly bought the Xumo TV to Comcast in 2020 for more than $100 million. Two years later, Comcast and Construction Communications passed xumo because his or her streaming three-way partnership titles include the fast service now called xumo Play.
Petrie-Norris mentioned that there are currently five workers on the Fairground based on Laguna Seaside, California.
Tim Vanderhook, co-founder and CEO of Viant expertise, has put an AI-first approach as the front creation area.”
Vanderhook was first CEO of Myspace. Time Inc. purchased Viant (Myspace’s dad or mom) in 2016. He and his brother Chris Vanderhook bought the ownership stake in Viant, which Meredith (which has acquired Time Inc.), so they bought the company publicly in 2021.
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