Key Signals in Media & Entertainment
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Deal
DXC Technology selected by DIRECTV to scale IT services
As per the agreement, DXC will enhance the distributor’s mission-critical IT systems by providing IT outsourcing services and infrastructure modernization. Read More>>
Partnerships
Accuweather collaborates with API3 to provide Blockchain-powered Weather data
The service will give decentralized application (dapp) operators the ability to access weather data via the API3 Airnode infrastructure. Read More>>
Havas and Lumen to create Attention Measurement Tools
Through the deal, Havas Media Group’s Mx (Media Experience) operating system will be expanded with the addition of Lumen Research’s proprietary attention data. Read More>>
Mergers and Acquisitions
New Latino Media Network buys Chicago’s WRTO in USD 60 Mn deal with Univision
The Spanish-language radio home of Chicago Bears, Blackhawks, Bulls, Cubs, White Sox, and Fire broadcasts has been sold to the newly formed Latino Media Network as part of the deal. Read More>>
Financial and Market Activity
Corus Entertainment’s Q3 Financial Results to be released on June 29, 2022
Corus Entertainment Inc. is a leading media and content company that develops and delivers high quality brands and content across platforms for audiences around the world. Read More>>
JOYY First Quarter 2022 Earnings
GAAP net loss in the first quarter of 2022 was USD 27.5 Mn compared to net loss of USD 87.3 Mn in the same period of 2021. Net loss margin was 4.4% in the first quarter of 2022, compared to net loss margin of 13.6% in the corresponding period of 2021. Read More>>
Layoff
Netflix is cutting back, but not on L.A. productions
Netflix recently laid off 150 workers after reporting its first decline in subscribers in more than a decade. But the cutbacks have not slowed the pace of production activity in Los Angeles, where the Los Gatos company is doubling down and expanding its presence. Read More>>
Executive Movement
Vice Media hires Netflix’s Bing as CCO
The company brings on Netflix director of communications Jonathan Bing as Chief Communications Officer. Before joining Netflix, Bing founded Freud Communications Los Angeles office and consulted for Sony Pictures Entertainment, Disney, and the Academy of Motion Picture Arts & Sciences. Read More>>
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Latest Industry Insights from Draup Braindesk
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Key Funding Alert
ShareChat’s parent company Mohalla Tech raises USD 300 Mn in latest funding rounds
This is Google’s second major investment in India’s short video industry, after it had invested in short video app Josh. The firm had previously raised USD 266 Mn from Alkeon Capital and Temasek. The platform also has Twitter and Snap among its other investors. Read More>>
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Startup Spotlight
Company – LottieFiles
Total Funding – USD 46 Mn
About: LottieFiles is a micro animation design company that features a mobile-based platform enabling designers to share, test, and iterate micro animations. Its software platform specializes in digital art, motion graphics, web design, and app design. Read More>>
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Latest Reports Published in Draup
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Synamedia- Account Intelligence Report
Synamedia implements addressable TV advertising services, that enables advertisers to have data-driven targeting and measurement capability to boost ad performance and conversion rates without wasting impressions. Read More>>
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