Esports Company FaZe Clan Valued at $1 Billion After Deal to Go Public in SPAC Merger

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Variety reports: “The esports and gaming media company announced plans Monday to combine with a special purpose acquisition company (SPAC) in a deal to become a publicly traded entity — giving it an implied value of $1 billion.”

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Twitter Is Working On Blockchain-Linked Collectibles Tab

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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 complete. The platform first began working on the feature in September — a tweet from Mada Aflak, a software engineer for Twitter, first showed off the early stages of its experiment in late September.”

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EA and FIFA $1bn Branding Dance

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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 to additional parties.”

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German Film and TV Companies, Netflix Launch Green Production Initiative

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The Hollywood Reporter reports: “Netflix, broadcasters and leading German producers, including Constantin Film, Bavaria, UFA and Studio Hamburg, agree to produce the bulk of their films and series in a more ecologically sustainable manner.”

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

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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 in excess of $50 billion, following the firm’s extraordinary, $54 billion-valued debut on the stock exchange in September.”

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Twitter Opens Up Spaces Hosting to All Users on IOS and Android

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SocialMediaToday reports: “Up till now, the option to host a Space has been limited to those with at least 600 followers. All Twitter users have been able to tune into Spaces chats, but only those above that 600 follower threshold have been able to start up their own audio broadcasts.”

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Snap Crosses $1B in Revenue, Reaches 306M Daily Active Users in Third Quarter

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The Hollywood Reporter reports: “Snap had a 57 percent increase in revenue year over year, reporting $1.067 billion in revenue for Q3 and a 23 percent year-over-year increase in daily active users, according to the company’s Thursday earnings report.”

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Kazoo Games Raises $12M Round Led by Garena

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Gamesindustry.biz reports: “Mobile startup Kazoo Games has raised $12 million in a round of Series A funding, led by Singapore-based publisher Garena. The money raised will be used to advance development of casual and midcore games at the studio, hire new talent, and prepare for upcoming releases across iOS and Google Play.”

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Twitter Bought a Messaging App to Help Make DMs and Communities Better

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The Verge reports: “In an effort to strengthen its Communities, Twitter has acquired Sphere, a group chat app founded in 2016 that aims to make conversations more interactive and organized. Terms of the deal were not disclosed, but Sphere’s website describes the app as a place that “transforms groups into vibrant communities.”

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Roblox Latest Music Move is a Virtual Version of Dance Festival Electric Daisy Carnival, Featuring 50+ Artists

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Music Business Worldwide reports: “Gaming platform Roblox is partnering with electronic music event promoter and producer Insomniac to bring dance music festival, Electric Daisy Carnival (EDC), to the Roblox metaverse. Premiering in a new “persistent experience” dedicated to music dubbed World Party, EDC Las Vegas 2021 will become the first music festival to be held on Roblox.”

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