Nvidia, The AI Chipmaker Just Hit Another Record High

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TechCrunch reports: “Nvidia shares hit a record high on Monday, closing at $138.07 as Wall Street anticipates earnings updates from Microsoft, Meta, Google and Amazon on their AI infrastructure spending. The stock’s climb has been stupefying — surging nearly 180% this year, following a rapid climb last year; it’s also a reflection of Nvidia’s renowned stronghold on the AI chip market, 70% to 95% of which is controlled by the outfit, per estimates by Mizuho Securities.”

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Amazon To Expand Ads On Prime Video To Major New Markets Next Year

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The Hollywood Reporter reports: “Amazon is expanding its Prime Video advertising business, bringing ads to five major new markets next year. Ads on Prime Video will come to India, Brazil, Japan, the Netherlands and New Zealand in 2025. The company announced the expansion at its Amazon UnBoxed conference in Austin, Texas.”

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UMX Studio Secures $4.5m All-Cash Investment

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Games Industry Biz reports: “UMX Studio has secured a $4.5m all-cash investment. The Saudi Arabian studio says it will use the funds from investment company Jetapult to “support the expansion of [its] existing portfolio, expand audiences across global markets, and build games in new genres.” The company says the investment “comes in the context of the exponential growth of the gaming and e-sports sector in the MENA region, and with the Saudi National Gaming and Esports entity aiming to make the country a global gaming hub by 2030.”

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Warner Bros. Discovery’s Max To Launch In Seven Asian Markets On November 19

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Deadline reports: “Max is to launch in seven markets across Asia on November 19. The Warner Bros. Discovery streamer will go live in Indonesia, Malaysia, Philippines, Singapore and Thailand, as well as Taiwan and Hong Kong, as it continues to rollout around the world. Several plans will be available, details of which will follow in coming weeks and vary by country and provider partners.”

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Latin Music Generated $685M In US Recorded Music Revenues In The First Half Of 2024 – Up 7% YOY

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Photo by Caleb George on Unsplash under the Creative Commons License

Music Business Worldwide reports: “It’s no secret that Latin Music has become a huge part of the US music industry (not to mention the music industry in many other countries as well). In 2022, Latin Music revenues in the US surpassed the USD $1 billion mark for the first time, and in 2023, they hit a new record at around $1.4 billion. This year, Latin Music could easily set a new annual record once again.”

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Old Rivals Konami And FIFA Sign eFootball Esports Deal Following EA Sports Split

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IGN reports: “The world of soccer video games took another twist today after Konami and FIFA — for years rivals on the virtual pitch — signed their first deal following the end of EA Sports’ long-running FIFA games. But don’t get too excited yet, it’s just for esports. Konami’s Pro Evolution Soccer series had for years tussled with EA Sports’ all-conquering FIFA series before finally pivoting to the free-to-play eFootball. EA has largely cornered the market, locking up the rights to the Premier League, La Liga, and other popular leagues, with Konami left fighting for scraps.”

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New High Quality AI Video Generator Pyramid Flow Launches – And It’s Fully Open Source!

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VentureBeat reports: “The number of AI video generation models continues to grow with a new one, Pyramid Flow, launching this week and offering high quality video clips up to 10 seconds in length — quickly, and all open source. Developed by a collaboration of researchers from Peking University, Beijing University of Posts and Telecommunications, and Kuaishou Technology — the latter the creator of the well-reviewed proprietary Kling AI video generator — Pyramid Flow leverages a new technique wherein a single AI model generates video in stages, most of them low resolution, saving only a full-res version for the end of its generation process.”

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DirecTV Enters FAST Lane With Free Ad-Supported Streaming Platform

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Ad Week reports: “Today, on the last day of Advertising Week, DirecTV announced it will launch MyFree DirecTV, a dedicated free, ad-supported streaming TV (FAST) platform, on Nov. 15. When it launches, MyFree DirecTV will give viewers direct access to curated FAST channel content and an extensive on-demand library, with additional channels slated to join the MyFree DirecTV platform throughout 2025 and beyond.”

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Shinobi Is The Next Sega Series Getting A Movie Adaptation

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Games Industry Biz reports: “Sega’s Shinobi series is the latest Sega intellectual property to get a movie adaptation. In partnership with Universal Pictures, the movie will be directed by Sam Hargrave and adapted for the screen by Ken Kobayashi. As reported by GamesBeat, Marc Platt and Adam Siegel will produce the film through Marc Platt Productions.”

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Apple TV+ Is Coming To Amazon’s Prime Video

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Hypebeast reports: “Amazon and Apple have inked a deal to bring the Apple TV+ streaming service to Prime Video. While Prime Video is offered as part of Amazon’s paid Prime subscription, users are able to add on additional streamers, such as Max and Paramount+, for an additional price. Apple TV+ will cost $9.99 USD a month and users will be able to stream all of the Apple TV original shows and films within the Prime Video app.”

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