WMG Plans $338M In Major Music Acquisitions
Hypebot reports: “Warner Music Group revealed that its subsidiary WMG Acquisition Corp has raised more than $250 million in capital to help fund a pair of acquisitions worth a total of $338 million.”
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WarnerMedia Hits the Road: New ‘Ride’ Video Streaming Service Launches in AT&T-Connected Vehicles
Variety reports: “WarnerMedia is bringing its premium video programming to bored kids and other road-weary passengers through WarnerMedia Ride, a new video service for smartphones and tablets connected to in-car Wi-Fi hotspots connected to AT&T’s wireless network — available at no extra cost.”
Media Earnings Q3 2020: Investors Search for Signs of Recovery, Strategies on Streaming
Variety reports: “Media barons have long acknowledged that the future will be streamed. Over the coming weeks, as the world’s largest media and tech conglomerates report earnings for the July-September quarter, it will become increasingly clear how well entertainment companies are handling the pivot away from cable bundles and theatrical releases, and toward streaming services.”
Justice Department Expected To File Antitrust Lawsuit Against Google
Deadline reports: “The Justice Department is expected to file an antitrust lawsuit on Tuesday against Google, claiming that the internet giant abused its market power in search and advertising.”
Venn, a network hoping to be gaming’s answer to MTV, raises $26 million
TechCrunch reports: “VENN, the streaming network hoping to be gaming culture’s answer to MTV, has raised $26 million to bring its mix of video game-themed entertainment and streaming celebrity features to the masses.”
EVOS Esports closes $12m Series B round
Gamesindustry.biz reports: “Attention Holdings, the parent company of EVOS Esports, has raised $12 million in new funding.”
SiriusXM Completes Acquisition of Podcast Platform Stitcher
Billboard reports: “Satellite radio giant SiriusXM has completed its acquisition of podcast platform Stitcher. The company unveiled the closing of the deal, which it had announced this summer and which called for it to pay E.W. Scripps Co. up to $325 million, on Monday morning.”
British Parliament to Investigate Streaming Royalties From Spotify, Apple, More
Variety reports: “The British Parliament is launching an inquiry into streaming services and whether artists are paid fairly by Spotify, Apple Music, Amazon, Google Play and others, according to an announcement Friday.”
Sky, NBCUniversal Strike Deal for DreamWorks Animation Content
The Hollywood Reporter reports: “Comcast-owned European pay TV giant Sky has signed a deal with NBCUniversal Global Distribution for hundreds of hours of content from DreamWorks Animation, including spin-off series from film franchises including How to Train Your Dragon, Trolls and Madagascar.”
Apple launches a U.S.-only music video station, Apple Music TV
TechCrunch reports: “Apple is expanding its investment in music with today’s launch of “Apple Music TV.” The new music video station offers a free, 24-hour livestream of popular music videos and other music content, including, exclusive video premieres, curated music video blocks, live shows, fan events, chart countdowns and guest appearances.”
