Unity reports record year despite losses
Gamesindustry.biz reports: “Unity has released its financial results for 2020, showing growing revenues across all areas of its business.”
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RTL Group Sells Video Ad-Tech Unit SpotX to Magnite for $1.2 Billion
Variety reports: “European media giant RTL Group reached a deal to sell SpotX, its U.S. ad-tech subsidiary, to Magnite for $1.17 billion in cash and stock.”
Huuuge Games IPO to raise $442m
Gamesindustry.biz reports: “Huuuge Games has announced the final pricing and number of shares, putting it on course to raise well over $400 million.”
Universal Music Pulls Song Catalog From Triller, Saying TikTok Copycat ‘Shamefully’ Withheld Artist Payments
Variety reports: “Universal Music Group has removed its entire music library from video app Triller, a would-be TikTok competitor, alleging Triller has withheld payments to the music giant’s artists.”
Lionsgate Grows Streaming Subscribers to 14.6M
The Hollywood Reporter reports: “The studio, led by CEO Jon Feltheimer, beat analyst forecasts for revenues and per-share earnings with its latest financial results as it continues a pivot to the streaming space with Starz.”
Warner Records Inks Pact With Gee Roberson and Jean Nelson’s BPG Music
HubSpot acquires media startup The Hustle
TechCrunch reports: “Marketing software company HubSpot is acquiring The Hustle, the business and tech media startup behind the popular newsletter of the same name.”
Indian gaming platform Mobile Premier League valued at $945M in $95M fundraise
TechCrunch reports: “Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets.”
Oculus co-founder’s new studio Mountaintop attracts $5.5 million in investment
Gamesindustry.biz reports: “Mountaintop has attracted $5.5 million in seed round investment six months after inception.”
ViacomCBS U.K. Launches Unit to Boost Streaming Revenue, Partnerships
The Hollywood Reporter reports: “ViacomCBS Networks U.K. (VCN U.K.) said Thursday that it “has accelerated its streaming business with the launch of a new growth and partnerships division, tasked with increasing streaming revenue and expanding its range of partnerships in the U.K.”
