With services like Ustream.tv, Justin.tv, Kyte, and Qik bringing live video streaming to the masses, the web is turning into a viable competitor to television for real-time content. But while all of these services are great for bloggers remotely broadcasting footage,or streaming live events, but they come with a few problems: video content isn't optimized for search engines, and unlike TV, there's no closed captioning. PlyMedia is looking to change that.
The company is launching a service that will offer real-time captions and super-fast transcriptions to suit the needs of live streamers. Transcriptions are performed by a human (capable of typing quite quickly, naturally) who listens in to the feed and transcribes in real time, anywhere in the world. To help achieve a true real-time experience, PlyMedia is actually teaming with some live streamers to integrate a slight delay (say, two or three seconds) to give the transcriptionist enough lead time to generate captions in time with the video. Those transcriptions can then be sent to the site hosting the video, where they can be posted to help with SEO (and to give readers a chance to skim through the content to decide if they want to watch the movie).
PlyMedia transcribing the Realtime CrunchUp in realtime in our Ustream video. The realtime transcription service will be used by UStream, Livestream, and the Wall Street Journal.