Cinedigm helps Entrepreneur Media launch Entrepreneur TV to stream content for startup audiences

Key Signals in Media & Entertainment

Global publishing agreement signed between Tips Music and Sony Music Publishing Transcontinental Times
Tips Music and Sony Music Publishing have partnered in a global publishing agreement to promote and expand the reach of Tips Music’s 3,500 music titles. The deal covers administration, synchronization, and catalog promotion, aiming to boost royalty earnings and provide artists with increased global recognition. Read More>>
Cinedigm partners with popular business media brand Entrepreneur to launch Entrepreneur TV
Cinedigm Corp and Entrepreneur magazine are launching Entrepreneur TV, a streaming service focused on start-ups and entrepreneurship. The channel will feature over 200 hours of content, including investment shows, documentaries, and tips for aspiring entrepreneurs. Cinedigm’s Matchpoint technology platform will power the service. Read More>>
Warner Bros Discovery signs kids’ channels up with Sky Media
Warner Bros. Discovery has inked a deal with Sky Media to bring their kids’ channels to Sky’s platform. The agreement allows Sky Media to broadcast popular children’s content from Warner Bros. This partnership enhances the entertainment offerings for young audiences and strengthens the reach of Warner Bros. Discovery in the UK. Read More>>
Executive Movements
The New York Times Company appoints William Bardeen as Chief Financial Officer
The New York Times Company appointed William Bardeen as EVP and CFO, effective July 1, 2023. Bardeen has almost 20 years of experience at the company, previously holding leadership roles in corporate development, business development, and strategic planning. Read More>>
MiQ appoints Luke Burr as Victorian sales director, independents
MiQ appointed Luke Burr as Victorian sales director, independents, to expand its commercial team. Burr brings 14+ years of the programmatic, publisher, and agency experience from Yahoo Inc. Rhiannon Brown is promoted to Independent Agencies in NSW sales director. Read More>>
Warner Bros. Discovery lays off more than 50 sports staff
Warner Bros. Discovery Sports laid off over 50 staff members, primarily from the digital group, as part of cost-cutting measures. The cuts did not affect senior executives or on-air talent. The company plans to aggressively bid for NBA rights in the future. Read More>>
Ubisoft terminated 60 employees without warning
Ubisoft laid off employees in North Carolina and Newcastle, citing organizational changes and a focus on impactful tasks. The layoffs come amidst reported financial difficulties and the cancellation of three projects. Read More>>
Financial and Market Activity
Sun TV Network consolidated March 2023 net sales at INR 840.36 Cr (USD 101.5 Mn), down 1.92% Y-o-Y
The Mass Media company reported a decline in net sales of 1.92% to USD 101.5 Mn in March 2023 compared to INR 856.85 Cr (USD 103.5 Mn) in March 2022. Quarterly net profit also dropped by 7.3% to INR 380.23 Cr (USD 45.9 Mn), and EBITDA decreased by 5.84% to INR 583.67 Cr (USD 70.5 Mn). Read More>>

Latest Industry Insights from Draup Braindesk

Digital Entertainment Services
  • Walt Disney is developing its digital marketing services using a multi-channel social advertising management platform that enables marketers to enjoy real-time analytics and predictive analysis to determine ad allocation and automated instant recommendations on tactical adjustments.  
  • By leveraging innovative customer experience, Walt Disney utilizes facial recognition technology to enter the theme park and must remove any hats or glasses to test their faces.  
  • The Company implements innovative cross-channel measurement solutions for alternative data to Disney advertisers, providing a better understanding of how their content is viewed in real-time.
Immersive and Cognitive Experiences
  • Walt Disney focuses on developing its virtual reality experience that allows multiple guests to experience a 3D virtual world from multiple vantage points without a VR headset or other device.  
  • They developed innovation studios to improve content production and test new immersive experiences for consumers. It captures, produces, and distributes content in a studio and remote locations. 
  • Service Providers with rich expertise in developing Immersive and Cognitive Experiences would be the winners.
Studio Technology
  • Studio Technology provides scalable, secure, and innovative technology solutions to enable the present and future of cinematic storytelling. 
  • They produce cutting-edge visual effects and animation for feature films, television, themed attractions, and immersive entertainment experiences via its ILMxLAB division. 
  • Skywalker Sound, a division of Lucasfilm Ltd., offers comprehensive post-production services and utilizes the talents of Academy Award-winning sound professionals working as a team on sound design, editorial, Foley, and re-recording mixes.

Key Funding Alert

Netflix investment is both an opportunity and a concern 
Netflix announced a US$ 2.5 Bn investment in Korea over the next four years. The investment raises hopes for growth and collaboration within the Korean streaming industry. However, there are concerns about potential disruptions to the domestic streaming ecosystem. Read More>>

Startup Spotlight

Company – IRIS Audio Technologies
Total Funding – USD 10.01 Mn
About: IRIS Listen Well brings back living sound and enables the world to Listen. Its suite of patented products leverages decades of research into sound effects on the brain. It improves how people experience audio across all digital platforms. Read More>>
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