Fortnite Alone Can’t Explain Tumbling Game Stocks

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gamesindustry.biz reports: “The industry’s biggest firms have lost around 13% of their value in the past week, and many are down a third in recent months. Stock markets around the world have been on something of a rollercoaster ride over the past few months.”

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BVMI Hails ‘Groundbreaking’ Ruling Against Stream-Ripper MusicMonster

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Billboard reports: “Germany’s music industry lobby group, BVMI, has applauded a new ruling against stream-ripper MusicMonster.fm by the Regional Court of Munich as a positive step forward for accountability. The court affirmed that not only is the site on the hook for copyright infringement, but that it is also liable for distributing the content to the public.”

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PledgeMusic Advises Artists To Suspend All Campaigns

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Hypebot reports: “Pledge Music has sent an email to artists with active crowdfunding campaigns advising them to “suspend” them immediately, Hypebot has confirmed.For months, PledgeMusic has been plagued by late payments and non-payments to artists who had raised money from fans on the music crowdfunding platform.”

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Swedish Tax Agency targets King with $389m fine

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Gamesindustry.biz reports: “King faces a fine of almost $390 million from the Swedish Tax Agency. The agency, Skatteverket, claims that Sweden lost the immaterial rights to games such as Candy Crush Saga and Farm Heroes Saga when the company was sold to Activision Blizzard in 2016, reports Swedish news site The Local.”

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Spotify will now suspend or terminate accounts it finds are using ad blockers

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Tech Crunch reports: “Spotify will take a harder stance on ad blockers in its updated terms of service. In an email to users today, the streaming music and podcast platform said its new user guidelines ‘mak[e] it clear that all types of ad blockers, bots and fraudulent streaming activities are not permitted.’ Accounts that use ad blockers in Spotify face immediate suspension or termination under the new terms of service, which go into effect on March 1.”

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AMC Extends Facebook Ticketing Feature Partnership to U.K. Odeon Chain

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Variety reports: “The AMC-owned Odeon Cinemas chain has partnered with Facebook to bring its movie ticket platform “Films” to the U.K. The ‘Films’ feature of the Facebook app allows British Facebook users to browse movies and showtimes at Odeon’s 109 cinemas across the U.K. and purchase tickets directly on the social networking platform for the first time.”

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20th Century Fox Signs ‘Etherborn’ to Newly Announced Indie Development Fund

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Variety reports: “FoxNext Games, a gaming division of 20th Century Fox, has announced the creation of a development fund aimed at helping indie developers generate resources and support. The first game to join FoxNext Games indie games portfolio is ‘Etherborn,’ with plans to announce additional games later this year.”

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Broadcast Networks Brace for Big Decline in Pilot Orders

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Variety reports: “This year’s broadcast pilot season is shaping up to be one of the leanest in recent memory as far as sheer numbers are concerned. Among ABC, CBS, The CW, Fox and NBC, 50 pilots have been ordered so far for the 2019-20 season. That number also includes two straight-to-series orders at Fox and one at NBC. According to multiple sources, each of the networks is nearly done with its pilot orders for the season.”

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Twitter Loses 5 Million Users In Last Quarter

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The Hollywood Reporter reports: “Twitter on Thursday unveiled fourth-quarter earnings that beat analysts’ expectations, posting its fifth profitable quarter in a row. The social media giant posted adjusted earnings of 31 cents per share, compared to adjusted earnings of 19 cents per share in the year-ago period. Analysts forecast Twitter would report quarterly earnings of 25 cents per share.”

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Instagram Tries to Boost IGTV Views With Previews in Users’ Feeds

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Variety reports: “Instagram is trying to get more people to watch longer-form video on IGTV: Starting Thursday, the app is adding IGTV previews that will appear in users’ primary feeds. Now, when users scroll through their Instagram feed, they’ll see when there’s a new video from someone they follow and will be able to preview the content before watching the full video in IGTV.”

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