Music Business Worldwide reports: “Chinese technology giant NetEase Inc. is planning to spin off its subsidiary Cloud Village, which operates music streaming service NetEase Cloud Music, on the Main Board of the Hong Kong Stock Exchange.”
The Verge reports: “Amazon has reached a deal to acquire the film and TV company MGM for $8.45 billion, the companies announced today. It’s a significant acquisition for the e-commerce giant, and it means it will own a library of content that’s reported to consist of around 4,000 films and 17,000 hours of TV.”
TechCrunch reports: “Whatnot exists with one primary goal in mind: to give people a place to buy and sell collectibles (like Pokémon cards, sports cards, pins, etc) in a safe, authenticated way.”
The Verge reports: “Public, the trading and social networking app, is the next app to get into live audio. Like many apps before it, the company says it’s planning to roll out live audio features starting this week under the name Public Live.”
The Hollywood Reporter reports: “Kinema, a social cinema platform, officially announced its launch on Tuesday and said it has closed a $2 million seed funding round with money from big-name investors, such as James Murdoch’s Lupa Systems.”
Hypebot reports: “While superstar names and $63 million in seed funding will bring attention to OneOf, its real potential lies in plans to break down the barriers that prevent most artists from launching NFTs and most fans from buying them.”
The Hollywood Reporter reports: “On Tuesday, ViacomCBS CEO Bob Bakish and chair Shari Redstone outlined the entertainment giant’s progress since the mega-merger that created it — and touted the company’s streaming upside.”
Variety reports: “Rob Master loves the idea of putting commercials into new Hollywood streaming hubs like Peacock, HBO Max and Paramount Plus. But he’s not so enchanted with the costs being demanded by the media companies that own the sites.”
Gamesindustry.biz reports: “Netflix is reportedly looking to strengthen its games offering, which could take the form of a monthly subscription to a catalogue of titles.”
Variety reports: “AT&T CEO John Stankey positioned the proposed merger of WarnerMedia and Discovery as letting the companies — and their investors — better tap into the global direct-to-consumer opportunity, by separating the media assets from the telco.”
