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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...
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...
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...
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...
Casey Wasserman Completes Paradigm Purchase, Unveils Wasserman Music Agency
Variety reports: "As expected, Casey Wasserman has raised the curtain on Wasserman Music, a new powerhouse player in music built on the back of...
DAZN Chairman Kevin Mayer Sees Profitability in Sports Streaming, Fitness Videos...
Variety reports: "Kevin Mayer, the hard-charging executive who was one of the architects of Disney Plus, says sports-only streaming platforms have every chance of...
Zoom boosts its app ecosystem with $100M venture fund
VentureBeat reports: "Zoom has announced a new $100 million venture fund designed to “stimulate growth” of its burgeoning ecosystem of third-party app integrations."
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Hollywood Reporter Tapped as Yahoo’s New XR Partner
The Hollywood Reporter reports: "The partnership will enable THR's website to deploy augmented reality experiences on mobile and desktop browsers through Yahoo's Immersive Platform."
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TikTok-native publishers look to expand business on other platforms after building...
Digiday reports: "TikTok-native publishers like Flighthouse and SongPsych have reached a milestone in the maturity of a modern media company."
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Networks Demand Audit of Nielsen Ratings During Pandemic
The Hollywood Reporter reports: "A group representing broadcasters contends the ratings service has undercounted viewers in the past year."
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