Note to Readers

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Digital Media Wire and Canadian Media Wire will not be published February 19 in observance of President’s Day. Publishing will resume on Tuesday, February 20.

Playstation VR Headset Selling for $200 for Limited Time

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Variety reports: “Sony’s Playstation VR headset is getting a big price cut: Starting February 18, Sony is going to sell its virtual reality (VR) headset for just $200, down from its regular price of $300. The company is also discounting two Playstation VR content bundles by $100 each. With these new discounts, Sony is continuing to position Playstation VR as the most affordable VR headset on the market.”

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Netflix’s 40% stock run has it challenging Disney’s valuation

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Venture Beat reports: “The Walt Disney Company may own the most valuable film properties on the planet. But investors seem to think Netflix could still be in a position to challenge the House of the Mouse and become this century’s leading entertainment media company. Whoever comes out on top, it seems increasingly clear that the battle is going to come down to these two global giants.”

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Judge Rules News Publishers Violated Copyright by Embedding Tweets

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Billboard reports: “In a huge surprise, a New York federal judge on Thursday delivered a blow to nine news organizations defending their use of a Tom Brady photo. The judge’s decision is sure to be controversial and could prove quite consequential, too, potentially disrupting the way that news outlets use Twitter and causing many in technology to re-examine ubiquitous practices from embedding to linking.”

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NFL Thursday Night Digital Rights: Amazon, YouTube, Twitter, Verizon Again at Bidding Table

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Variety reports: “The usual tech suspects are looking to snag the NFL’s digital-streaming rights for ‘Thursday Night Football’ for upcoming seasons, with Amazon, Google’s YouTube, Verizon and Twitter each on the short list of bidders, sources confirmed. The NFL is looking to cut a streaming deal for as long as five years for the ‘TNF’ digital rights, as first reported by Bloomberg”

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Gree VR Fund invests $18.3m into 17 augmented and virtual reality startups

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Gamesindustry.biz reports: “Gree VR Capital has announced the end of its first funding round in virtual, augmented, and mixed realities after having committed $18.3 million into 17 different startups. The San Francisco-based venture capital fund has previously invested in startups such as VRChat, Silver.tv, and Littlestar.”

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AMC Networks Leads Adaptive Studios $16.5 Million Funding Round

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Variety reports: “Adaptive Studios, an upstart studios that has focused on short-form content for digital platforms, has closed a $16.5 million Series B round of funding, led by AMC Networks with participation from Atwater Capital. Adaptive Studios expects to become profitable in 2018, after investing heavily in content over the last 18 months.”

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Live Nation, Others, Join Los Angeles Mayor’s Fund To Promote Diversity In Entertainment

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Hypebot reports: “Live Nation, along with other major entertainment companies including CAA, UTA, WME, and others to have signed on to the Los Angeles Mayor backed Evolve Entertainment Fund, a partnership designed to create new opportunities for the those communities which have historically been excluded from the entertainment industry.”

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Kakao Games secures $131m from five investors

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Gamesindustry.biz reports: “Chinese internet giant Tencent is one of five companies to have invested a collective 140 billion won ($131.6 million) in South Korean developer, Kakao Games. Netmarble Games, South Korea’s largest mobile developer, and subsidiaries of Tencent will invest 50 billion one each, while Actozsoft will invest 20 billion won. Kakao has been working with Tencent and Bluehole to launch PUBG in China.”

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HTC raises Viveport subscription to $9 per month and adds more VR titles

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Photo by Marco Verch on Flickr under the Creative Commons License

Venture Beat reports: “HTC, maker of the Vive virtual reality headset for the PC, is raising the price for its subscriptions to the VR apps and games in its Viveport app store. As it does so, it is adding perks for those who pay the monthly fees for access to the titles. Starting March 22, the Viveport monthly subscription price will rise for $6.99 to $8.99.”

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