Amagi’s cloud-based SaaS technology to power Cox Media Group’s streaming strategy

Key Signals in Media & Entertainment

Center Setup
PVR opens new property in Rourkela, Odisha
With this opening, PVR Cinemas marks its expansion to 51 screens in east India across 12 properties in five states. The new property has a total seating capacity of 987 people. Read More>>
Edelman announces head office in Abu Dhabi’s Yas Creative Hub
The company is one of the first to have opened its head office in the capital’s Yas Creative Hub, kickstarting the transition of twofour54 from Khalifa Park to Yas Island. Read More>>
Microsoft and Sony set to include Ads in free games
Microsoft is planning to implement advertisements that allegedly won’t disrupt gaming. Microsoft would let the game developer and advertiser share benefits, as their main objective is to attract more free-game developers. Read More>>
Amagi inks deal with Cox Media Group
CMG has chosen Amagi to power its streaming across connected TV, mobile, web, and distribution as CMG migrates, builds, and launches a major expansion of its free digital streaming strategy. Read More>>
Disney teams with MultiChoice for South African debut
MultiChoice’s partnership with Disney+ points to an expanded choice of content, ease, and convenience of subscription and payment, with the DStv Explora Ultra as an enabler. Read More>>
Mergers and Acquisitions
Elon Musk strikes a deal to acquire Twitter for USD 44 Bn
Musk first made the offer to buy Twitter on April 14, saying he is willing to pay USD 54.20 per share to buy 100 percent of the company. Musk aims to make Twitter a platform for free speech. Read More>>
Discovery/Warner Media Merger may lead to AEW Streaming Service
With the inception of AEW Rampage last year, the company has more content than ever before in many domains. Due to this, many fans have wondered if AEW will ever get a streaming service as part of this merger. Read More>>
Executive Movement
VMLY&R Asia promotes Camellia Tan to Chief Network Growth Officer
Camellia will be based in Singapore and report to Yi-Chung Tay, Chief Executive Officer VMLY&R Asia. Tan is tasked with the planning, design, and execution of VMLY&R’s growth strategy for Asia. Read More>>
GroupM’s Indonesia & Vietnam CEO Himanshu Shekhar to lead Thailand as well
The Company has promoted Himanshu Shekhar to become the cluster CEO of GroupM Thailand, Indonesia, and Vietnam. As of 1 May 2022, his remit as CEO of GroupM Indonesia and Vietnam has been expanded to include the burgeoning Thailand market. Read More>>

Latest Industry Insights from Draup Braindesk

Key Funding Alert

Epic Games raises USD 2 Bn to expand its Metaverse ambitions 
This investment will accelerate their engagement in the world of digital play, and support their continued growth with a long-term focus toward the future metaverse. Read More>>

Startup Spotlight

Company – Blocksport
Total Funding – USD 1.3 Mn
About: Blocksport supports Esports and Sports clubs, streamers, influencers, federation, and leagues with a dedicated white-label mobile app to access new revenue sources, engage their fan community, and analyze the brand visibility and interaction of their sponsoring brands. Read More>>
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