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AMC Theatres Boosts Liquidity, Saying It Has “Financial Runway Deep Into 2021”

Posted: 01-25-2021 | Author: Staff Report
The Hollywood Reporter reports: “Cinema giant AMC Theatres has unveiled a new European financing deal, raising more than $400 million to help the company through a difficult period with additional liquidity amid the continued coronavirus pandemic.” Read more  

Jagex sold to Carlyle Group

Posted: 01-25-2021 | Author: Staff Report
Gamesindustry.biz reports: “Carlyle Group has confirmed its acquisition of Jagex. Equity for the investment was provided by two of Carlyle’s partner funds, although terms of the deal have not been disclosed.” Read more

Clubhouse Update: New Funding, 2M Users, Creator Monetization

Posted: 01-25-2021 | Author: Staff Report
Hypebot reports: “Clubhouse has passed 2 million users and is in the midst of a new funding round that sources say is based on a $1 billion dollar ‘unicorn’ valuation.” Read more  

NBCUniversal, Twitter Expand Content and Ad Partnership to Span Global Footprint

Posted: 01-25-2021 | Author: Staff Report
Variety reports: “Twitter and NBCUniversal have worked together since 2013. Now the companies are spreading their wings with an expanded multiyear content and advertising deal that covers markets worldwide, including in the U.K. and Europe with Sky.” Read more  

WGN America to Rebrand as NewsNation: An “Unbiased” Competitor to Cable News Giants

Posted: 01-25-2021 | Author: Staff Report
The Hollywood Reporter reports: “Nexstar, the local TV station giant, is rebranding its national cable channel WGN America as NewsNation, positioning it as a “fact-based and unbiased” competitor to cable news channels like CNN, Fox News and MSNBC.” Read more

Comscore Introduces ‘Movies Everywhere’ Cross-Screen Measurement System

Posted: 01-25-2021 | Author: Staff Report
Deadline reports: “With the nature and business of feature films changing almost daily, Comscore has announced “Movies Everywhere,” a new cross-screen measurement system.” Read more

Tencent made record number of games M&A deals in 2020

Posted: 01-22-2021 | Author: Staff Report
Gamesindustry.biz reports: “Tencent secured more mergers and acquisitions in the games space than any other company last year. That’s according to a report by Niko Partners, which shows the Chinese games and technology giant invested in 31 deals related to the games industry.” Read more

Vivendi Acquires Stake in Spanish-Language Publishing Group Prisa

Posted: 01-22-2021 | Author: Staff Report
Variety reports: “Vivendi, the parent company of Canal Plus and Universal Music Group, has acquired a 7.6% stake in Prisa, one of the Spanish-speaking world’s largest media groups, which owns El Pais newspaper, among other assets.” Read more  

Hipgnosis Plans Billion-Plus Shares to Raise Funds for More Catalogs

Posted: 01-22-2021 | Author: Staff Report
Billboard reports: “Hipgnosis Songs Fund Limited is planning to issue up to 1.5 billion new shares as it eyes more catalog acquisitions, according to a company prospectus released on Thursday (Jan. 21).” Read more

Walt Disney Analyst Upgrades Stock on Streaming Success, Theme Parks Reopening

Posted: 01-22-2021 | Author: Staff Report
The Hollywood Reporter reports: “UBS analyst John Hodulik upgraded his rating on the stock of the Walt Disney Co. from “neutral” to “buy” in a Friday report, lauding the Hollywood giant’s streaming success and arguing its theme parks would benefit from the reopening of the economy after the coronavirus pandemic.” Read more