Variety reports: “Endeavor Content has taken a minority stake in “The Night Manager” producer The Ink Factory. Under the deal, the “Killing Eve” and “Night Manager” distributor is to set up a bespoke development fund for Ink Factory.”
The Verge reports: “Patreon, the site creators love because it helps them make money off their work, has started a program called Patreon Capital, which grants micro-loans to creators. It’s essentially a cash advance: you get money now in exchange for some of your future earnings plus a small premium.”
VentureBeat reports: “EU industry commissioner Thierry Breton said on Monday it was up to Facebook to adapt to Europe’s standards, not the other way round, and he criticized the U.S. social media giant’s proposed internet rules as insufficient.”
gamesindustry.biz reports: “The deal between Activision Blizzard and Google for the media rights to the former’s esports events is said to have cost $160 million.”
Billboard reports: “The government of Canada’s Competition Bureau has fined ticket reseller StubHub Canada Ltd. and StubHub Inc. $1.3 million Canadian (USD $978,000) as part of an agreement “to correct what the Bureau concluded are misleading pricing claims” when it listed event tickets for sale, according to a release issued by the federal government.”
Variety reports: “As Facebook leans into sports, non-scripted and select scripted properties, it’s increasingly looking to an army of creators rather than A-list celebrities to tap into all three target areas as they grow businesses on the Watch platform.”
Hypebot reports: “While Warner Music Group and now UMG’s announcements that they will file for an IPO are not especially surprising, indications in WMG’s filing that an increase in streaming prices could soon be coming was far less expected.”
Variety reports: “Roku, in announcing strong 2019 holiday-quarter results, gave a bit of a flex in claiming it was a key part of Disney Plus reeling in 26.5 million customers in Q4.”
Variety reports: “Spanish-language broadcaster Univision has entered sales talks with an investor group that includes Searchlight Capital Partners and Wade Davis, the former chief financial officer of Viacom, according to a report in The Wall Street Journal.”
Hollywood Reporter reports: “As Universal Music Group plots an initial public offering, a move invariably meaning making all sorts of representations to investors about the financial health of its business, the company continues to find itself on the defensive over a 2008 backlot fire that resulted in substantial damages to its vault.”
