Cord-Cutting to Accelerate, But No “Doomsday” for Cable Financials, Analyst Says

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Hollywood Reporter reports: “The rise in unemployment due to the novel coronavirus pandemic led to a new record in pay TV subscriber losses in the first quarter of 2020, and one pay TV analyst on Thursday predicted cord-cutting would accelerate further.”

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Video news startup Stringr raises $5.75M from Thomson Reuters and others

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TechCrunch reports: “Stringr, a video-focused startup that says it can help news organizations adapt to the challenges of COVID-19, is announcing that it’s raised $5.75 million in new funding.”

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App Annie: Mobile gaming will widen its lead over console and PC titles in 2020

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VentureBeat reports: “As the pandemic rages on, mobile gaming and apps are a kind of salve. So much so, 2020 will be a blockbuster year for mobile games and apps, according to a report by mobile insights firm App Annie and market researcher IDC.”

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Twitch signs three more exclusivity deals with top streamers

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Gamesindustry.biz reports: “The streaming exclusivity wars continue to escalate after Twitch signed multi-year deals with three of its biggest content creators.”

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Fortnite And Travis Scott Provide Insights On How To Go To Market When The Market Vanishes

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Hypebot reports: “When the COVID-19 pandemic hit, artists not only lost their ability to perform live shows, but also their main avenue for selling merch to fans. So what do you do when your entire market vanishes overnight?”

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After Twitter fact-check, Trump threatens to regulate or close down social media platforms

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TechCrunch reports: “Once again, Trump has doubled down. Following the addition of a fact-checking warning label added to his tweet about mail-in ballots, Trump took to the platform yet again to denounce it.”

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HBO Max is taking on Netflix with human curation instead of solely relying on algorithms

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The Verge reports: “Just like nearly everything else on the internet, streaming services are ruled by recommendation algorithms that are designed to predetermine what people want before they ask for it.”

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Tencent takes 20% stake in Marvelous for $65m

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Gamesindustry.biz reports: “Chinese games and tech firm Tencent has purchased a 20% stake in Marvelous, a Japanese publisher and developer.”

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Facebook renames Calibra digital wallet to Novi

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The Verge reports: “Facebook is renaming Calibra, the digital wallet it hopes will one day be used to access the Libra digital currencies, Novi. In a blog post the company said that the new name was inspired by the Latin words “novus” and “via,” which mean “new” and “way,” respectively. Novi Financial is the new name of the Facebook subsidiary that will develop the company’s digital wallet.”

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Warner Music Group Launches Initial Public Offering

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Billboard reports: “Warner Music Group has officially launched its initial public offering on Wall Street. The company said on Tuesday that 70,000,000 shares of Class A common stock will be made available, at an expected price of between $23 and $26 per share, and that it will trade on the Nasdaq under the symbol “WMG.”

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