Guitar Hero Veterans Form Rhythm Game Development Studio RedOctane Games

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VGC reports: “Veterans of the rhythm game genre have established a new development studio called RedOctane Games. According to today’s announcement, the “small” studio plays home to “creators and developers who helped create and scale Guitar Hero and DJ Hero nearly two decades ago, as well as proven emerging development talent and community leaders from across today’s rhythm gaming space”.”

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Sony Pictures, Tubi Ink New Film, TV Licensing Deal In Canada

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The Hollywood Reporter reports: “Fox’s Tubi and Sony Pictures Entertainment in Canada have struck terms on a new film and TV content licensing agreement. In a sign the Canadian free, ad-supported TV market continues to grow amid turbulence for the digital advertising business, the latest agreement will see around 130 movies and TV episodes from Sony Pictures’ programming vault head to Tubi north of the border.”

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Hulu App To Be Phased Out As Disney Is ‘Fully Integrating’ Service Into Disney+

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Variety reports: “Say ciao to the stand-alone Hulu streaming app: Disney said it is “fully integrating” the Hulu service, which it now owns 100%, into its flagship Disney+ streamer. A new “unified” Disney+ and Hulu streaming app will be available in 2026, the company said. According to a Disney rep, customers will still be able to buy a stand-alone Hulu subscription (as well as a stand-alone Disney+ plan).”

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Microsoft Brings OpenAI’s Smallest Open Model To Windows Users

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Yahoo! Finance reports: “Microsoft is making OpenAI’s new free and open GPT model, gpt-oss-20b, available to Windows 11 users via Windows AI Foundry, the tech giant’s platform that lets users tap AI features, APIs, and popular open-source models on their computers. The company said in a blog post that gpt‑oss-20b is “tool-savvy and lightweight,” adding: “Optimized for agentic tasks like code execution and tool use, it runs efficiently on a range of Windows hardware, with support for more devices coming soon. It’s perfect for building autonomous assistants or embedding AI into real-world workflows, even in bandwidth-constrained environments.”

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ESPN Flagship Streaming Service To Launch Aug. 21

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CNBC reports: “ESPN will launch its new flagship streaming service — also named ESPN — on Aug. 21.Disney’s ESPN has been working on the all-in-one streaming app for some time in preparation for it coming out this fall. The app will be available ahead of the upcoming NFL season — the highest rated live sports content — as well as the start of college football, where ESPN has expanded its portfolio.”

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Play Cubed’s AI Mobile App Studio Launches Gifty.Love AI Personal Shopper

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GamesBeat reports: “Play Cubed announced the launch of an AI Mobile App Studio that will develop and launch purpose-driven mobile apps that give users done-for-you AI superpowers. The first one is an AI personal shopper called Gifty.Love. Play Cubed’s plans is have each app do one thing exceptionally well using AI. The first app, an AI personal shopper for effortless, meaningful gift-giving called Gifty.Love has launched and is now available for free in The App Store.”

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beatBread Secures $124 Million To Expand Artist Funding And Accelerate Growth

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LOS ANGELES, CA – [August 5th, 2025] — beatBread (www.beatBread.com), the leading music funding platform, today announced it has secured an additional $124 million in credit and equity capital as it continues to scale. The company will deploy the capital to expand its sales, marketing and product operations, while providing even more flexible funding to artists, writers and independent label clients.
Citi, Deciens Capital, Mucker Capital, Advantage Capital and additional strategic investors participated, providing equity investment to enable beatBread to expand on its mission, staffing and resources to empower artists, independent labels, distributors and songwriters with more choices, and better funding.
The new investment will further expand beatBread’s ability to scale its proprietary technology and deepen partnerships with distributors, managers and the broader music industry.  Additional credit funding to power artist, writer and label funding was provided by GMO, along with existing and new credit partners.
“At beatBread, we’re building a financial foundation for true artist and label independence,” said Peter Sinclair, CEO of beatBread. “By giving creators more choice, more access, and more control, we’re helping them stay independent on their own terms. We believe in a future where artists and independent labels have the power and freedom to shape their own success, compare multiple funding options from multiple funding sources, and make the choice that’s right for them, whether it’s funding from beatBread, a partner or even a competitor.”
Since its launch in 2020, beatBread has funded artist and label clients on six continents, with funding amounts ranging from $1,000 to over $10 million. beatBread provides funding on existing catalog as well as new and unreleased music, providing growth capital for clients across the music industry.
Citi invested through its Spread Products Investment in Technologies (SPRINT) team, which makes strategic equity investments in start-ups in specialty lending, alternative investment and real estate.
Lee Smallwood, Citi’s Head of Markets Innovation and Investments said, “We’re excited to support beatBread as they empower independent artists with tech-driven financing solutions. This investment also marks a meaningful step in our exposure to music royalties as a reemerging asset class.”
beatBread investor Paul Steele, Executive Partner at Triple 8 Management commented, “At Triple 8, we believe artists should be able to create and release the music they want, the way they want. beatBread gets that in everything it does. They give artists, managers and labels greater clarity, control, and fair terms. That’s important in a business where so many people are trying to be anything other than transparent. Every day we see the power of what they’ve built, and that’s why we’re not just using beatBread, but I’m personally actively investing in the company as a whole.”
beatBread’s funding platform is open and transparent, offering artists, writers and indie labels the ability to customize term length, recoupment rates and other terms, while retaining choice of their distribution and marketing partners.  Some clients may choose to sell their catalogs through beatBread, but everyone is presented with funding options that enable them to retain ownership of their music. Qualifying artists and labels will receive offers from multiple distribution and finance companies through beatBread’s Funding Network, and can leverage beatBread’s Deal Comparison Tool™ to compare offers and make smart funding decisions.
For more information on beatBread, visit www.beatbread.com

Eleven Music, New AI Rival To Suno, Launches With Kobalt, Merlin Deals – And Warnings For Users Who Want To Infringe Copyrights

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Music Business Worldwide reports: “AI audio company ElevenLabs has launched Eleven Music – a platform that’s said to generate “studio-grade music” from “natural language prompts” – after striking partnerships with independent music licensing organization Merlin and publisher Kobalt. London and New York-based ElevenLabs announced the launch on Tuesday (August 5), marking its expansion beyond voice synthesis into full AI music generation.”

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Say ‘Howdy’ To Roku’s New Budget Streaming Service

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PC Mag reports: “As some streaming services hike up prices, Roku is trying to attract consumers by offering its own budget alternative in the US. Howdy is a new streaming service that costs only $2.99 per month and does not serve ads. That might help it stand out from other streamers, such as Netflix, Disney+, and HBO Max, which start at $7.99 or $9.99 per month, but force you to watch ads in exchange for a lower price.”

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Celebrity-Driven Global Gaming League Signs Six AAA Game Publishers

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Games Industry Biz reports: “The Global Gaming League (GGL), a new video game league launching later this month, has secured licensing agreements with six major game publishers. The GGL announced the partnerships on August 4, revealing that Activision Blizzard, Bandai Namco, Capcom, Tetris, Ubisoft, and EA are the first publishers to sign up to the celebrity-driven gaming league.”

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