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EA acquires Playdemic for $1.4bn

Posted: 06-23-2021 | Author: Staff Report
Gamesindustry.biz reports: “Electronic Arts has agreed to purchase Playdemic from WarnerMedia for $1.4 billion in an all-cash deal, the companies announced today.” Read more  

Facebook waives all live stream, subscription fees for 2 years

Posted: 06-23-2021 | Author: Staff Report
Hypebot reports: “Facebook announced that it will waive live stream and fan subscription fees for at least two years.” Read more  

Microsoft’s market cap reaches $2 trillion

Posted: 06-23-2021 | Author: Staff Report
Gamesindustry.biz reports: “Microsoft’s market capitalization rose to $2 trillion for the first time this week. The company previously passed $1 trillion back in April 2019, having been beaten to this milestone only by Apple and Amazon.” Read more

“It’s Not Slowing Down”: Streaming Fuels Demand for Film and TV Restoration

Posted: 06-23-2021 | Author: Staff Report
The Hollywood Reporter reports: “With the launch of major streaming services and fewer new movies released during the pandemic, there’s been an insatiable appetite for content, prompting viewers to rediscover old favorites.” Read more

TikTok’s Chinese nemesis Kuaishou hits 1 billion monthly users worldwide

Posted: 06-23-2021 | Author: Staff Report
TechCrunch reports: “It’s a big day for Kuaishou, TikTok’s largest rival in China. The Chinese short video company, known overseas for one of its video apps Kwai, announced it has sailed past the one billion monthly active user (MAU) mark.” Read more  

Netflix, Disney Plus, Amazon Face ‘Tightening Regulation’ From U.K. Lawmakers

Posted: 06-23-2021 | Author: Staff Report
Variety reports: “The U.K. government will “consider tightening regulation of video-on-demand services such as Netflix, Disney Plus and Amazon Prime Video,” the Department for Digital, Culture, Media and Sport (DCMS) revealed on Wednesday.” Read more

GameStop raises another $1.13 billion through stock sale

Posted: 06-22-2021 | Author: Staff Report
Gamesindustry.biz reports: “GameStop has raised more than $1 billion with its latest at-the-market equity offering program, the company announced today.” Read more  

SoundExchange distributions grew 4% to $947M last year

Posted: 06-22-2021 | Author: Staff Report
Hypebot reports: “SoundExchange announced today that despite the pandemic it had distributed $947 million in performance royalties to creators during the fiscal year 2020.” Read more  

How Blockchain tech could remix the Music Industry

Posted: 06-22-2021 | Author: Staff Report
Hypebot reports: “Zach Badger of crypto ecosystem Privi explores the history of the broken artist compensation model and how decentralization might finally repair it.” Read more  

Why Are Digital Rights Platforms Not Disrupting the Indie Biz Like They Should?

Posted: 06-22-2021 | Author: Staff Report
Variety reports: “COVID-19 lockdowns have provided the perfect backdrop for companies seeking to reinvent the world of content distribution. With international travel restricted and physical markets on hold for over a year, digital platforms that help TV and film sellers to connect with buyers around the world have come into focus as never before.” Read […]