Deadline reports: “Cinemark, the nation’s third largest movie chain, said revenues for the first quarter ended in March fell to $114 million from $543 million the year before.”
Social Media Today reports: “As any parent of younger kids will tell you, kids just don’t watch traditional TV anymore. These days, younger viewers are more likely to watch YouTube, while complementing those longer form clips with TikTok videos, Instagram updates and Snapchat snaps.”
Music Business Worldwide reports: “The mobile app for live streaming service Twitch was downloaded 22 million times globally in Q1 2021, according to a new blog post from respected analytics platform Sensor Tower.”
Music Business Worldwide reports: “Music streaming service SoundCloud has partnered with US-based TikTok rival Triller to integrate a Soundcloud-curated playlist feature into the short-form video platform’s app.”
TechCrunch reports: “For every crypto-skeptic that see NFTs as yet another hype bubble, there’s an acolyte who sees NFTs as the key to unlocking the future of the creative web.”
Gamesindustry.biz reports: “Tencent has entered negotiations with the Committee on Foreign Investment in the United States concerning its stakes in Epic Games and Riot Games.”
Variety reports: “Twitter, at its virtual NewFronts presentation Wednesday for marketers, unveiled an expanded lineup of new and renewed premium video content deals, spanning entertainment, gaming, lifestyle, and news and sports.”
Deadline reports: “ViacomCBS exceeded Wall Street earnings expectations in the first quarter, paced by the addition of 6 million global streaming subscribers.”
Deadline reports: “Clubhouse, the buzzy audio social network, is moving into original programming. The platform, which has seen an influx of members from Hollywood over the last twelve months, is funding a slate of audio pilots.”
Hypebot reports: “VNUE, a technology company focused on the live music sector, has landed a $1 to $2 million commitment from Triton Funds.”
