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Facebook Pledges $10 Billion to Metaverse Project, as Mark Zuckerberg Signals...

The Hollywood Reporter reports: "Facebook CEO Mark Zuckerberg outlined a new vision for the company on its quarterly earnings call Monday, announcing a significant...

Twitter Adds Revue Newsletter Subscription Cards in Tweets

SocialMediaToday reports: "Revue creators will now be able to share a link to their newsletter sign-up in a tweet, providing more options to drive...

​​King to Shut Down Online Games Portal Royal Games

Gamesindustry.biz reports: "King is shutting down online games website Royal Games after 18 years. The site, formerly King.com, hosted flash versions of some of...

Exceleration Music Acquires Chicago Based-Label Bloodshot Records

Music Business Worldwide reports: "Independent music company Exceleration Music has struck an agreement with Bloodshot Records founders Rob Miller and Nan Warshaw to acquire...

​​Facebook’s Stock Shrugs Off Bad News Deluge

TechCrunch reports: "After social media company Snap reported earnings last week, the value of its cohort of public companies fell sharply. Facebook stock fell...

Esports Company FaZe Clan Valued at $1 Billion After Deal to...

Variety reports: "The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company (SPAC) in a deal to...

Twitter Is Working On Blockchain-Linked Collectibles Tab

The Verge reports: "Twitter is working on a tab that shows off a user’s NFT collection, and it’s beginning to look a lot more...

EA and FIFA $1bn Branding Dance

Gamesindustry.biz reports: "While EA has claimed it's considering a rebrand for its best-selling football series, FIFA has suggested it's considering licensing out its brand...

German Film and TV Companies, Netflix Launch Green Production Initiative

The Hollywood Reporter reports: "Netflix, broadcasters and leading German producers, including Constantin Film, Bavaria, UFA and Studio Hamburg, agree to produce the bulk of...

Warner Music Group is Worth $10bn More Than It Was A...

Music Business Worldwide reports: "Indeed, Universal’s first month on the Amsterdam Euronext has seen the world’s biggest music rightsholder consistently maintain a market cap...