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Paramount Global Sells Stake In Viacom18 To India’s Reliance For $500...

Deadline reports: "Paramount Global has sold its 13% equity interest in Viacom18 Media to Indian conglomerate Reliance Industries for the equivalent $517 million. The...

Embracer Group Divests ‘Core’ Saber Interactive Assets In Deal Worth $247...

Game Developer reports: "Embracer Group has sold a number of key Saber Interactive assets, including studios such as 3D Realms, Slipgate, New World Interactive,...

Balancy Raises $700,00 In Funding Round

Games Industry Biz reports: "Gaming software firm Balancy has raised $700,000 in a funding round led by mobile industry veterans. As reported by Pocket...

Netflix Signs Deal With Writers’ Guild Of Great Britain For Scripted...

The Hollywood Reporter reports: "Netflix U.K., the Writers’ Guild of Great Britain (WGGB) and the Personal Managers’ Association (PMA), which represents agents in the...

Naughty Dog, Id Software, And Activision Alum Form Empty Vessel

Games Industry Biz reports: "Former Naughty Dog, Id Software, and Activision developers have established Empty Vessel. Based in Texas, Empty Vessel will be overseen...

Former Twitch Director Launches Beck Interactive Partners

Games Industry Biz reports: "The former director of Twitch's Loaded games team has launched Beck Interactive Partners, a developer representation firm. Alex Beck founded...

That Mystery Company Interested In Buying Believe? It’s Warner Music Group

Music Business Worldwide reports: "Earlier this week, MBW told you that there was a “mystery” company that has begun a conversation with Believe‘s board...

Rooster Teeth Shut Down By Warner Bros. Discovery, The Roost Podcast...

Deadline reports: "A pioneer in digital content creation is going away. Rooster Teeth, a subsidiary of Warner Bros. Discovery Global Streaming & Interactive Entertainment,...

Discord Is Partnering With Game Developers To Sell Themed Avatars And...

The Verge reports: "Discord says it will sell official game-themed items in its store soon. Discord launched its in-app store in November with avatar...

Hybe Acquires Nearly 900,000 SM Entertainment Shares For $78.2 Million

Digital Music News reports: "K-pop powerhouse Hybe continues its long-running quest to take over SM Entertainment (SME), this time with an announcement that it...