CuriosityStream: Undervalued Content Library Poised to Unlock High‑Margin LLM Licensing UpsideWe believe a key revenue growth driver for CURI in 2026 will be licensing >2mm hours of its and others' premium film and TV content to LLMs. Details include: To date, CURI has deals with 8 LLMs, in 15 categories, we estimate; CURI's key upside rev driver in 2026 (our view) will be licensing its owned 300,000 hours of premium video content, plus 1.3mm hours of content from 3rd parties (represented by CURI) to LLMs (large language models) for a 40%-50% rev share of the license fee. This is similar to YouTube payouts, which are about 50%/50% with its content creators.