Key Signals in Media & Entertainment
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Deal
WGA East members ratify new contract with Vox Media
The members employed at Vox Media digital news outlets have voted overwhelmingly in favor of authorizing a new three-year contract just hours before the union threatened to go on strike. Read More>>
Tet inks Sony Pictures deal
The deal includes the right to show films from the best directors on the Tet+ streaming platform that have only recently appeared on the big screen, including Spider-Man, and Peter Rabbit, as well as new and highly anticipated TV series. Read More>>
Nexstar and Altafiber reach a distribution deal
The agreement will extend the national reach of NewsNation to Altafiber’s Cincinnati and Dayton subscribers. NewsNation is currently available in approximately 75 million television households across the United States. Read More>>
Partnerships
Canon announces alliance with MultiChoice Talent Factory to promote the creative art of filmmaking
Canon continues to roll out its several creative initiatives focused on promoting job opportunities and future livelihoods for the young population in Africa to enhance and support their skill sets under its prodigious Miraisha program. Read More>>
DirecTV and Yahoo announce a strategic partnership
DirecTV Advertising and Yahoo’s agreement enables interoperability between addressable TV and CTV, allowing Yahoo DSP buyers to maximize unique reach, harness spending efficiencies, and deliver optimal ad experiences for viewers. Read More>>
Mergers and Acquisitions
OUTFRONT Media acquires prime digital billboard assets in Calgary
The acquired assets add to OUTFRONT’s already strong coverage in Calgary, including 38 digital poster assets, 222 posters, and 824 transit shelters under its renewed street furniture agreement with the city of Calgary. Read More>>
Publicis Groupe China acquires Wiredcraft for stronger digital transformation abilities in China
Upon the acquisition, Wiredcraft will further scale Publicis Groupe’s digital transformation capabilities in China. Publicis also aims to house the most robust technology and data team of any agency holding group in China, providing digital solutions to fuel its clients’ growth. Read More>>
Financial and Market Activity
Wiley sales topped USD 2 Bn in fiscal 2022
Wiley overcame a decline in its education publishing segment to post a 7% increase in revenue for the fiscal year ended April 30th, 2022, and an 18% increase in operating income. Read More>>
Virtus Health Limited increases its dividend to USD 0.30 per share
Virtus’ stockholders will be given a dividend of USD 0.30 per share on Thursday, June 30th. This represents a dividend yield of 3.69%, a boost from Virtus Health’s previous interim dividend of USD 0.12. Read More>>
Executive Movement
John Sculley steps down as Apple CEO
John Sculley steps down as Apple CEO after a 10-year run. He hands over the CEO role to Michael Spindler before briefly taking the role of Apple chairman, before departing altogether. Read More>>
Novomatic appoints Kathleen McLaughlin to VP position
Novomatic has appointed Kathleen McLaughlin as its Vice President of Corporate North American Sales and Marketing. In her new role, McLaughlin will be at the forefront of Novomatics push to increase corporate sales and will work to develop corporate customer relationships. Read More>>
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Latest Industry Insights from Draup Braindesk
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Key Funding Alert
ShareChat raises USD 255 Mn from Google, Times Group, and others
ShareChat, which achieved unicorn status last year, had collectively raised USD 913 Mn in 2021, marking the highest funding among all companies that became unicorns during the year. The top-level executives affirmed that the coming year would be about capitalizing on the scale and building robust revenue models. Read More>>
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Startup Spotlight
Company – Community Gaming
Total Funding – USD 18,48 Mn
About: Community Gaming is the all-in-one esports competition platform, offering cutting-edge infrastructure to key industry stakeholders. Through its seamless UX, plus highly scalable and efficient blockchain payment technology, the platform equips players, guilds, competition organizers, and game developers with the tools they need to create, facilitate, and participate in esports tournaments. Read More>>
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Latest Reports Published in Draup
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Transcontinental Inc Account Intelligence Report
Transcontinental Inc. focuses on developing the packing sector through ISM solutions and expanding the technology hub for innovation and design to improve customer experience. Read More>>
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