Ateliere collaborates with Vubiquity to help media companies accelerate content packaging and distribution

Key Signals in Media and Entertainment

Riot Games layoffs affect several departments 
Riot Games confirmed the elimination of 46 jobs in a round of job cuts across several departments. The company hasn’t been known for cutting its workforce in the past, but layoffs have become an ongoing trend within the tech, gaming, and entertainment industries due to the economy. Read More>>
Spotify confirms layoffs, 6% reduction in the workforce as inflation hits the services sector
The company has joined the layoff spree and has become yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. It confirmed a 6% reduction of its workforce, the equivalent of roughly 600 jobs. Read More>>
Vubiquity and Ateliere team to accelerate content packaging and distribution
The collaboration will see solutions based on the Ateliere Connect solution provide toolsets to source and deliver Interoperable Master Format while integrating with Vubiquitys existing apps and workflows, such as MetaVU and AssetVU. Read More>>
Executive Movements
Roey Hershkovitz named VP of Sound & Picture at Universal Music Group 
Universal appointed noted television producer and recording industry executive Roey Hershkovitz as VP of Sound & Picture. Hershkovitz will oversee visual content capture and develop new programming content across the company’s studios. Read More>>
Former Quad/Graphics exec named chief legal officer of Kohl 
Kohl appointed Jennifer Kent as chief legal officer and corporate secretary after her impending departure from Sussex-based Quad/Graphics. Assuming her new role on Feb. 20, Kent succeeded, who joined Kohl’s in 2004 as legal counsel and rose to senior executive vice president, general counsel, and corporate secretary. Read More>>
Cath Waller appointed MD of Advertising at Immediate Media 
Waller will be responsible for Immediate’s entire commercial team across Sales, Creative & Content, Social, AdTech, Planops, Commercial Data and Insight, and will report to Immediate Platforms CEO. Under her leadership, imagine has established its reputation as one of the leading in-house studios in the industry, winning multiple awards and significantly growing revenues year-on-year. Read More>>
Financial and Market Activity
Cimpress shares have declined 4.7% since the Q2 earnings release 
Shares of the company have declined 4.7% since the earnings release on Jan 25. Total revenues in the fiscal second quarter were USD 845.2 Mn, reflecting a decrease of 0.5% from USD 849.7 Mn in the year-ago quarter. Read More>>
PVR reports Q3 PAT at INR 16 Cr (USD 1.9 Mn) 
On a consolidated basis, the net profit of PVR was USD 1.9 Mn in the October-December quarter of FY23, compared with a net loss of INR 10.18 Cr (USD 1.2 Mn) in the October-December quarter of FY22. Net sales jumped 53.2% to INR 940.69 Cr (USD 115 Mn) in the October-December quarter of FY23 as against INR 614.15 Cr (USD 75 Mn) in the October-December quarter of FY22. Read More>>
Catena Media reveals expected 31% rise in Q4 NA revenue
The company expects to make USD 16.4 Mn from the North American market during the quarter, making up an estimated 78% of the group’s revenue. Furthermore, the affiliate expects its total revenue to amount to USD 23.8 Mn for Q4, representing a 15% increase from 2021. Read More>>

Latest Industry Insights from Draup Braindesk

Reading access for Researchers
  1. Elsevier partnered with b-on to enable continued reading access for researchers affiliated with b-on institutions and open-access publishing. The partnership supports Portugal and benefits the member institutions with access to Elsevier’s extensive collection of journals on ScienceDirect.
Open Access to Research
  1. Elsevier partnered with the Council of Australian University Librarians to provide immediate open access to ANZ research for the world and continued access to global research for ANZ readers. ANZ researchers at CAUL-affiliated academic institutions can make research articles immediately available through open-access publishing in Elsevier’s journals.
Online Journal
  1. The American College of Medical Genetics and Genomics partnered with Elsevier to launch gold open access, an online-only journal: Genetics in Medicine Open (GIM Open), an Official Journal of the ACMG. This expands the publishing portfolio with ACMG and strongly aligns with the company’s mission to help researchers and healthcare professionals advance science and improve health outcomes for the benefit of society.
Librarian Workflow Approval
  1. Elsevier established a pilot with Oable to simplify the librarian approval workflow for open-access publishing. The partnership pilots with select institutions to streamline transactions and reduce the administrative burden on librarians and university officials.
Journal Access
  1. Elsevier and Slovenian ScienceDirect Consortium of Universities, Institutes, and Hospitals revealed a transformative agreement that benefits the member institutions with access to Elsevier’s extensive collection of journals on ScienceDirect and enables affiliated authors to publish research open access in Elsevier journals.
Curated Content Access
  1. Elsevier launched a free access special issue of curated content focused on environmental issues in recognition of the WHO’s World Health Day. The public can access the special issue by visiting the RELX SDG Resource Centre.
Scientific Publications
  1. The International Society on Thrombosis and Haemostasis partnered with Elsevier to publish its two scientific publications, the Journal of Thrombosis and Haemostasis and Research and Practice in Thrombosis and Haemostasis. With Elsevier, ISTH further expands its depth of journals with enhanced technology solutions that positively impact services for authors and readers, which ultimately benefits patients.

Funding Alert

Intella X raises USD 12 Mn in anticipation of its upcoming launch on Polygon
NEOWIZ raised USD 12 Mn in private funding for its Web3 gaming platform, Intella X, in anticipation of its upcoming launch on Polygon. As the next-generation Web3 gaming platform, Intella X’s mission is to bridge the gap between Web2 and Web3 through unique platform protocols, services, and games. Read More>>

Startup Spotlight

Company – Welcome to the Jungle
Total Funding – USD 87.46 Mn
About: Welcome to the Jungle is a multi-channel media company that aims to inspire every individual to thrive professionally. The company proposes a wide variety of high-quality content (articles, videos, series, podcasts, magazines, or events) to help young professionals rethink their relationship with work. Read More>>

Latest Reports Published in Draup

Scientific Games Corporation Account Intelligence Report 
Scientific Games’ new identity is Light & Wonder, which focuses on building games and offering a seamless player experience. It aims to bring great game franchises to players, including games in land-based casinos, online and mobile in real money, and free-to-play social gaming markets. Read More>>
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