James Murdoch Invests $20 Million in The Void, a Location-Based VR Startup

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Variety reports: “James Murdoch, former CEO of 21st Century Fox, has invested $20 million in The Void, a startup specializing in location-based virtual reality (VR) experiences, Variety has confirmed. The funding comes through Murdoch’s Lupa Systems, a holding company that Rupert Murdoch’s younger son established with $1 billion in proceeds from the sale of his stake in 21CF to Disney earlier this year, per an FT report.”

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ROXi Plots IPO For Music Streaming Service, Device

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Hypebot reports: “ROXi Music, the manufacturers of music streaming service and device ROXi has chosen investment bank Arden Partners to prepare its initial public offering in the fourth quarter of 2019. The offering will be floated on the alternative investment market (AIM) of the London Stock Exchange.”

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Blizzard Testing Automatic Shutdown For Overwatch Matches Where Players Are Cheating

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gamesindustry.biz reports: “Blizzard hopes its has found a powerful new deterrent against cheaters with a system that automatically shuts down Overwatch matches. The studio announced the tech in a developer update video, in which game director Jeff Kaplan detailed how it will affect the popular shooter’s community.”

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U.S. Proposes Barring Facebook and Other Big Tech Firms From Offering Financial Services

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VentureBeat reports: “A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters.”

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Fortnite Streaming Hours Drop for Fourth Straight Quarter

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gamesindustry.biz reports: “StreamElements’ latest quarterly State of the Stream report shows declining streaming viewership across the industry’s biggest battle royale games. The report, released by the streamer production platform in conjunction with Twitch stats/analytics site SullyGnome, showed declines from April through June for hours watched of Fortnite, Apex Legends, and PlayerUnknown’s Battlegrounds across streaming platforms Twitch, YouTube Live, Facebook Gaming, and Mixer.”

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Hollywood Docket: Music Industry Antitrust; Video Game Humvees; Paul Haggis DNA

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Hollywood Reporter reports: “A roundup of recent developments in entertainment and media law including a long-dormant case about copyright law’s anti-hacking provisions.”

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Tastemade Inks Hulu Distribution Deal for 24 Food and Travel Shows

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Variety reports: “Tastemade signed a nonexclusive licensing deal with Hulu to deliver hundreds of episodes of original food, travel and lifestyle shows on the Disney-controlled streaming service. A total of 24 shows from Tastemade, which average 8-10 episodes each, will roll out on Hulu through the end of 2019. The companies declined to say how long the licensing pact will run.”

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YouTube Expands Money-Making Products for Creators

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Billboard reports: “YouTube used its annual VidCon keynote to tout the monetization opportunities for creators on its platform, unveiling updates to some of the tools that talent can use to earn non-advertising revenue.”

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Amazon Music Unlimited Subscriptions Surge 70%, Faster Than Spotify Or Apple Music

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Hypebot reports: “Subscriptions to Amazon Music Unlimited grew an impressive 70% last year, according to a new report. Amazon Music and Amazon Music Unlimited had more than 32 million subscribers combined as of the end of April, according to the Financial Times.”

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Google Takes Another Run At Social Networking With Shoelace

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The Verge reports: “Google’s in-house incubator, Area 120, is working on a new social networking app called Shoelace which is aimed at organizing local events and activities. You use it by listing your interests in the app, allowing it to recommend a series of “hand-picked” local activities which it calls “Loops.” You can also organize your own events, and there’s a map interface to view and RSVP to other people’s Loops.”

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