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Tencent Leads $300 Million Funding Round for Reddit

Billboard reports: "Social media service Reddit Inc. says it has raised $300 million in a financing round led by Chinese internet giant Tencent. Reddit's...

UMG Acquires Independent Music Distributor Ingrooves

Hypebot reports: "Universal Music Group is acquiring independent music distributor Ingrooves Music Group.  Ingrooves will continue to operate as a standalone company led by...

AMC Extends Facebook Ticketing Feature Partnership to U.K. Odeon Chain

Variety reports: "The AMC-owned Odeon Cinemas chain has partnered with Facebook to bring its movie ticket platform “Films” to the U.K. The 'Films' feature of the Facebook app allows British Facebook...

Spotify gets serious about podcasts with two acquisitions

The Verge reports: "Spotify is fully committing to building a podcast network today. The music streaming giant has acquired Gimlet Media and Anchor to...

SiriusXM Hopes Pandora Will Grow the Company Beyond Cars

The Hollywood Reporter reports: "SiriusXM CEO Jim Meyer has big plans for the now-largest audio entertainment company in the world. The satellite radio giant...

Penske Media Acquires 100% Of Rolling Stone Magazine

Hypebot reports: "Penske Media Corporation, which also own Variety and Deadline, has quietly acquired full ownership n the venerable music publication Rolling Stone. Penske...

Sirius XM Completes Acquisition of Pandora

Variety reports: "As expected, Sirius XM Holdings today announced that it has completed its acquisition of Pandora Media, making it “the world’s largest audio entertainment company,” according to...

Netmarble readying bid for Nexon

Gamesindustry.biz reports: "Another potential buyer has entered the fray ahead of the expected sale of online games giant Nexon. Reuters reports that Netmarble, a fellow...

American Airlines taps Apple Music for in-flight entertainment

Tech Crunch reports: "American Airlines  and Apple Music have closed a deal that would give passengers access to the full library of Apple Music songs on AA...

State Farm sponsors popular Fortnite streamer DrLupo

Tech Crunch reports: "DrLupo, one of the biggest names and most recognizable voices in Fortnite streaming, has closed a sponsorship deal with State Farm....