AI Entertainment Studio Promise Inks Deal With Google, Raises Investment From Michael Ovitz’s Crossbeam

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The Hollywood Reporter reports: “The AI entertainment studio Promise has secured new investment from a number of high-profile backers, including Google, Michael Ovitz’s Crossbeam Venture Partners, Kivu Ventures and Saga Ventures. Promise launched last year with backing from Peter Chernin’s North Road and Andreessen Horowitz, and was founded by George Strompolos, who was the CEO and founder of creator-centric software and media company Fullscreen; as well as Jamie Byrne, who most recently led creator partnerships for YouTube; and Dave Clark, a filmmaker who uses AI in his work.”

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Nearly Half Of Streaming Subscriptions Are For Plans With Ads

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The Verge reports: “Ad-supported tiers are proving to be popular with streaming customers. New data from subscription analyst firm Antenna shows that 46 percent of Discovery Plus, Disney Plus, Hulu, HBO Max, Netflix, Paramount Plus, and Peacock subscribers in the US are paying for ad-supported plans, and that around 75 percent of subscribers have at least tried them.”

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Activision Is Pulling Call Of Duty: Warzone Mobile From iOS And Google Play Stores

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GameSpot reports: “Just a little more than a year after releasing Call of Duty: Warzone Mobile, Activision is ending its support for the game, which includes removing it from the Apple App Store and Google Play stores. Activision made the announcement with a written statement on X (formerly Twitter). “Going forward, we will be streamlining the scope of the game,” Activision wrote.”

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YouTube Shorts Revenue Now Matches Long-Form YouTube Content

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RouteNote reports: “Last week, YouTube CEO Neal Mohan revealed that YouTube Shorts now brings in the same ad revenue per watch hour as long-form videos in the US, and even surpasses it in some countries. The announcement came during YouTube’s ad pitching conference in New York, highlighting the platform’s potential for advertisers.”

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Reddit Provides Insights Into The Power Of Communities In Driving Purchase Behavior

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Social Media Today reports: “Reddit has published a new research report, in conjunction with Sensor Tower and Adjust, which looks at the power of Reddit communities in influencing purchase behavior, either direct or via third party apps, based on analysis of mobile data and Reddit interactions.”

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‘Sesame Street’ Heads To Netflix With Streaming Deal For PBS Children’s Series

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Deadline reports: “Sesame Street has a new streaming home. Netflix has picked up the children’s series, which will make its debut on the streamer later this year with an all-new, reimagined 56th season — plus 90 hours of previous episodes — available to audiences worldwide. Netflix is coming on board after HBO Max opted not to renew its Sesame Street streaming deal at the end of last year.”

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VUZ Gets $12M For Its Immersive Video Experiences Across Emerging Markets And The U.S.

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TechCrunch reports: “VUZ, a startup known for offering immersive video experiences from red carpets and football stadiums, has raised $12 million as it doubles down on its presence in Saudi Arabia and the United Arab Emirates, as well as accelerates expansion into Africa, Asia, and the United States. The pre-Series C funding round, led by the International Finance Corporation (IFC), also drew participation from Al Jazira Capital, CrossWork VC’s Success Fund, multiple existing investors, and several high-profile Saudi family offices, the company said.”

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Cable Megadeal: Charter To Buy Cox In $34.5 Billion Merger

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The Hollywood Reporter reports: “In one of the biggest telecom acquisitions in years, the cable giants Charter Communications and Cox Communications have agreed to merge in a $34.5 billion deal. Charter is the second largest cable company in the U.S. after Comcast, while Cox is also among the largest with six million subscribers. Combining the two companies would create a cable behemoth, with enormous scale in both broadband internet connectivity and video.”

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ESPN Announces Pricing For New Streaming Service

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Broadband TV News reports: “ESPN will make available its linear channels direct-to-consumer starting in the autumn. The Disney-owned sports network is offering an unlimited price plan at $29.99/month and a so-called ‘select’ plan for $11.99 a month. There is also a special launch offer that brings together Disney+, Hulu, ESPN in an unlimited bundle at $29.99/month.”

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Producer Poo Bear Launches TTIKR Content Monetization Platform App

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Music Business Worldwide reports: “Singer-songwriter and record producer Jason Boyd, aka Poo Bear, has unveiled a content monetization platform designed to give creators the ability to monetize their content without relying on advertising revenue or massive follower counts. The mobile-first app, called TTIKR, allows musicians, filmmakers and multimedia artists to set their own prices for content and deal directly with their fans.”

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