PUBG parent Krafton applies for IPO
Gamesindustry.biz reports: “Holding firm and PlayerUnknown’s Battlegrounds owner Krafton has applied for preliminary approval to launch an Initial Public Offering in Korea.”
WGA Sets $3.4 Million Settlement With CBS for All Access Streaming Residuals
Variety reports: “The WGA West has reached a big settlement with CBS over underpaid residuals for shows made available on the CBS All Access streaming platform from its inception in 2014.”
Manticore Games’ Core Platform Launches in Epic Games Store
The Hollywood Reporter reports: “Manticore Games’ free video game creation platform Core launched on Thursday in Early Access on the Epic Games Store.”
Facebook faces ‘mass action’ lawsuit in Europe over 2019 breach
TechCrunch reports: “Facebook is to be sued in Europe over the major leak of user data that dates back to 2019 but which only came to light recently after information on 533M+ accounts was found posted for free download on a hacker forum.”
Amazon Spent $11 Billion on Prime Video and Music Content in 2020, Up 41%
Variety reports: “Amazon spent a cool $11 billion on TV series, movies and music for its Prime services last year, an increase of 41% from $7.8 billion in 2019, the ecommerce giant disclosed in its annual report Thursday.”
SuperWorld teams with Props for selling NFT virtual real estate
VentureBeat reports: “SuperWorld is a the virtual world in augmented reality that allows users to buy and sell virtual real estate, using nonfungible tokens, or NFTs — the buzzword of the internet.”
Tencent Music Shakes up Leadership, Names New CEO
Variety reports: “In a leadership shakeup, Tencent Music Entertainment Group has announced that Zhu (“Ross”) Liang has been appointed as the company’s new CEO, with Cussion Kar Shun Pang moving over to executive chairman of the company’s board of directors.”
AppLovin IPO raises $1.8bn
Gamesindustry.biz reports: “Mobile services and publishing company AppLovin has raised almost $2 billion in an Initial Public Offering.”
Spotify, Warner Music Group Strike Podcast Deal Tapping WMG’s Artist and Songwriter Catalogs
Variety reports: “Warner Music Group and Spotify have entered into a new partnership that will see the two companies develop a series of original podcasts built around WMG’s extensive and diverse artists’ and songwriters’ catalogs.”
Networks Demand Audit of Nielsen Ratings During Pandemic
The Hollywood Reporter reports: “A group representing broadcasters contends the ratings service has undercounted viewers in the past year.”
