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DICE Awards: Blizzard’s Overwatch takes Game of the Year

Posted: 02-24-2017 | Author: Staff Report
Venture Beat reports: “Blizzard’s Overwatch won Game of the Year at the DICE Awards, the equivalent of the Oscars for video games. The action shooter walked away with four awards overall during the evening. Overwatch was chosen as the best game of 2016 in a peer vote by the membership of the Academy of Interactive […]

In ‘Walden’ Video Game, the Challenge Is Stillness

Posted: 02-24-2017 | Author: Staff Report
The New York Times reports: “It’s certainly a long way from “Grand Theft Auto.” Henry David Thoreau’s classic “Walden” is the inspiration for what Smithsonian Magazine is calling the world’s most improbable video game: “Walden, a Game.” Instead of offering the thrills of stealing, violence and copious cussing, the new video game, based on Thoreau’s 19th-century retreat […]

Two Kabam studios form Aftershock following Netmarble acquisition

Posted: 02-24-2017 | Author: Staff Report reports: “Mobile games firm Kabam has spun-off two of its studios and its remaining assets into a new company called Aftershock. Aftershock comprises of Kabam’s former teams in Los Angeles and San Francisco, and is run by much of Kabam’s leadership team, Pocket Gamerreports. Kevin Chou acts as CEO, Steve Klei as CFO, Kent […]

Live Nation Reports Revenue Growth For 6th Straight Year

Posted: 02-24-2017 | Author: Staff Report
Hypebot reports: “Live Nation Entertainment investors were likely pleased after the company reported positive financial results for the 4th quarter and fiscal year 2016. For the year, Live Nation reported that revenue was up 15%, operating income was up 48%, and free cash flow was up 5%, and AOI was up 12% at constant currency. […]

More brands are testing Facebook’s pricey live video ads

Posted: 02-24-2017 | Author: Staff Report
Digiday reports: “Brands are testing out promoted live videos on Facebook, targeting and alerting users to their live broadcasts as they’re happening. The sponsored videos appear in newsfeeds at the time they are being streamed live. Jose Cuervo ran a sponsored Facebook Live video for on National Margarita Day this Wednesday with its agency CP+B […]

Content Costs Double at Chinese Video Streaming Giant iQIYI

Posted: 02-24-2017 | Author: Staff Report
Variety reports: “The cost of content for Chinese video streaming platform iQIYI more than doubled in 2016, parent company Baidu has revealed. The figures highlight the growing commitment to the entertainment business on the part of one of China’s Internet giants, as well as the costly competitive landscape.Presenting its annual financial report for 2016, NASDAQ-listed […]

SuperData: VR Hardware will earn $3.6 billion in 2017

Posted: 02-24-2017 | Author: Staff Report
Venture Beat reports: “Research firm SuperData released a new report predicting that VR hardware will earn $3.6 billion in 2017. That would be an increase of 142 percent over the previous year. It expects VR hardware to reach $17.8 billion by 2020. 2016 was a big year for VR, with the Oculus Rift and HTC Vive launching […]

New online network will stream high-profile court cases live

Posted: 02-24-2017 | Author: Staff Report
The Verge reports: “Mediaite founder Dan Abrams plans to launch an online network dedicated to live courtroom coverage, according to The Hollywood Reporter. It will reportedly be called the Law Newz Network, as an extension of Abrams’ Law Newz blog. Trial coverage will stream from 9AM to 5PM, with footage repeating overnight, at least to […]

Technicolor Launches Virtual and Augmented Reality-Focused Sound Lab

Posted: 02-23-2017 | Author: Staff Report
The Hollywood Reporter reports: “Technicolor’s new immersive audio unit, dubbed The Sound Lab at Technicolor, is completed and up and running in at its Burbank headquarters. It will also use space at the company’s Technicolor at Paramount sound facility and work closely with its Technicolor Experience Lab. The Sound Lab was conceived to explore creative approaches […]

How The VR Concert Industry Is Boldly Jockeying For A Slice Of A Projected $660M Pie

Posted: 02-23-2017 | Author: Staff Report
Forbes reports: “The expanding interest and production around the intersection of virtual reality and music concerts lately simply can’t be denied. The new developments are intriguing, the challenges staggering, and the potential overwhelming. But the main questions are just what type of players will actually get it right, and what are current and future key […]