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Drake, Jeff Bezos Invest in Overtime: Sports Media Startup Raises $80...
Variety reports: "Sports media and entertainment startup Overtime raised $80 million in Series C funding — from a diverse investor group that includes Amazon...
Spotify Is Launching Podcast Subscriptions, and Unlike Apple Won’t Take a...
Variety reports: "Spotify wants to be the industry’s No. 1 distributor of podcasts — and it’s willing to forgo some revenue in order to...
UMG accelerates IPO as revenue grows 9.4%
Hypebot reports: "French media conglomerate Vivendi’s Universal Music Group has reported revenue of $2.2 billion for the quarter of 2021, up 9.4% from the...
Snapchat Powers Up to 280 Million Daily Users in Q1, Spotlight...
Variety reports: "Snap, the parent company of Snapchat, beat Wall Street financial estimates for the first quarter — and added 15 million daily users...
Samsung pitches advertisers and streamers on ads that take over its...
Digiday reports: "Takeover ads are taking over the connected TV screen. Samsung will debut three new ad products to its smart TV platform that...
Mighty Networks raises $50M to build a creator economy for the...
TechCrunch reports: "Mighty Networks, a platform designed to give creators and brands a dedicated place to start and grow communities, has closed on $50...
Facebook will spend $5 million paying reporters to join its local...
The Verge reports: "Facebook says it will spend $5 million paying local journalists on a new publishing platform. Reuters reported the news on Thursday,...
Endeavor Stock Debuts on NYSE, Testing Investors’ Appetite for Independents in...
Variety reports: "Endeavor has made its entrance on Wall Street. Endeavor Group Holdings, home of UFC, WME and IMG, went public on Thursday with...
Verizon Selling Yahoo, AOL and Media Assets for $5B to Private...
The Hollywood Reporter reports: "Verizon is exiting the media business. The telecom giant is selling Yahoo, AOL and the remainder of its Verizon Media...
Gray Television to Acquire Meredith TV Stations for $2.7 Billion
Variety reports: "Atlanta-based Gray Television has reached a deal with Meredith Corp. to acquire 17 TV stations for $2.7 billion."
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