‘Dune’ VFX House DNEG Makes Major Move Into AI, Unveils Deal To Buy Metaphysic

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The Hollywood Reporter reports: “Dune VFX house DNEG Group and its Brahma division have made a big swing in acquiring Metaphysic, a developer of artificial intelligence content creation technologies. Terms of the deal were not disclosed, but the agreement includes Abu Dhabi-based investor United Al Saqer Group and the DNEG Group investing another $25 million into Brahma, an AI and content technologies company launched by DNEG Group.”

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PC Game Sales Hit $1.09bn On Epic Games Store In 2024

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Games Industry Biz reports: “Epic shared its Epic Games Store 2024 Year in Review blog post last Friday, highlighting its achievement of reaching 295 million users on its PC store representing an increase of 25 million users year-on-year. Consumer spending on the platform reached $1.09 billion in 2024, an increase of 15% from last year. In comparison, spending on third-party titles declined by 18% to $255 million.”

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Nvidia’s Rival EnCharge AI Raises $100M For Next-Gen Hardware

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Tech Funding News reports: “Currently, most AI inference computation relies on massive clusters of energy-intensive chips in cloud data centres — an environmentally and economically unsustainable practice. EnCharge AI, a startup developing pioneering analogue in-memory-computing AI chips, aims to transform this landscape with its unique chip architecture.”

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Kantar Says Ad Tiers Reshaping Streaming Market

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Broadband TV News reports: “Data and analytics company Kantar says there’s a growing consumer preference for ad-supported streaming. The latest study, from Kantar’s Worldpanel division, covers Q4 2024. It was a period when 35% of new video on demand subscribers opted for paid ad-supported models, a substantial increase from 21% the year before, helped by the removal of some basic tiers without ads.”

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ByteDance Has Been Building An AI Music Beast… With A Little Help From The Beatles And Michael Jackson

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Photo by Claudio Schwarz on Unsplash under the Creative Commons License

Music Business Worldwide reports: “TikTok’s $300 billion-valued parent company, ByteDance, is one of the world’s busiest AI developers. It plans to spend billions of dollars on AI chips this year, while its tech gives Sam Altman’s OpenAI a run for its money. ByteDance’s Duobao AI chatbot is currently the most popular AI assistant in China, with 78.6 million monthly active users as of January.”

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YouTube Shorts Adds Veo 2 So Creators Can Make Gen AI Videos

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Photo by Hamed Taha on Unsplash under the Creative Commons License

TechCrunch reports: “YouTube Shorts is integrating with Google DeepMind’s latest video model, Veo 2, allowing creators to generate AI video clips for their posts. Veo 2 is Google’s response to Sora, OpenAI’s text-to-video generator. YouTube, owned by Google, already allowed creators to generate AI backgrounds for their Shorts with a text prompt through a feature called Dream Screen.”

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Universal Music Group And Music Health Alliance Launch Music Industry Mental Health Fund

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Photo by Wes Hicks on Unsplash under the Creative Commons License

The Hollywood Reporter reports: “Universal Music Group and non-profit Music Health Alliance are launching a new mental health initiative for the music industry, the music-entertainment company announced Thursday morning. The Music Industry Mental Health Fund will “provide comprehensive, high-quality outpatient mental health resources for music industry professionals nationwide,” according to a release.”

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MTG Closes $620m Acquisition Of Plarium

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Photo by Eugene Chystiakov on Unsplash under the Creative Commons License

Games Industry Biz reports: “Modern Times Group has completed its $620 million acquisition of Plarium from its previous owner, Aristocrat Leisure Limited. MTG and Plarium signed a deal in November 2024, during which it announced that $20 million of the agreement would be deferred to 2026. Now that the deal has closed, MTG will begin onboarding Plarium and fully consolidate it into the group.”

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Amazon Bets On NBA To Turbocharge Its Advertising Business

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The Hollywood Reporter reports: “Amazon Prime Video is betting that a stacked lineup of sports can help it turbocharge its fast-growing advertising business. The tech giant’s video streaming service already has NFL Thursday Night Football, which averaged 13.2 million viewers last season, and it has WNBA and NWSL games, giving it a lineup of women’s sports.”

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Warner Music Group Completes Full Acquisition Of Africa-Based Music Distributor Africori

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Photo by Mink Mingle on Unsplash under the Creative Commons License

Music Business Worldwide reports: “Warner Music Group has completed its full acquisition of Africori, a prominent Africa-focused music distribution, music rights management, and artist development company. Founded in 2009, Africori boasts what’s claimed to be “one of the biggest independent songbooks in Africa”, including music from the likes of Kelvin Momo, Master KG, Nkosazana Daughter, Oscar Mbo, and TitoM & Yuppe. The company represents more than 7,000 artists.”

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