Modori and Neowiz team up to enhance the NFT ecosystem on Intella X

Key Signals in Media and Entertainment

Merger and Acquisition
Sony Pictures Entertainment acquires Pixomondo
Sony’s acquisition of Pixomondo strengthens its position as a leader in virtual production, VFX, Premium TV & Film production industries. Pixomondo is an Oscar and Emmy® Award-winning virtual production, visualization, and VFX company. Read More>>
Thomson Reuters plans to acquire SurePrep in USD 500 Mn deal
Under the terms of the agreement, Thomson Reuters plans to purchase the tax automation software and services company in cash in the first quarter of next year. It expects a USD 60 Mn tax advantage from the deal. Read More>>
Nutracheck acquired by Immediate Media
The app has a food database with more than 350,000 product listings & a barcode reader for adding groceries. Immediate aims to combine the app with its content, services, and subscriptions bundle, which includes 1 million digital and print subscriptions. Read More>>
Modori and Neowiz team up to build NFT services on Intella X
Modori and Neowiz have stated that making the process of acquiring and trading NFTs easy, accessible, and enjoyable is the goal of this partnership. Read More>>
OverActive Media, Warner Music Spain, extend partnership to enhance fan experiences
The agreement between OverActive and Warner Music continues to focus on bringing the esports and music communities together through events, unique experiences, and content creation. Read More>>
Executive Movements
Pinterest taps Xanthe Wells as VP of Creative
Xanthe Wells will lead all concepting, content, creative, design, experiential, and writing for the platform’s marketing department. Wells has been a Senior Director, Creative and Executive Creative Director at Google. Read More>>
Merlin entertainment appoints Scott M. O’Neil as CEO
The company announced the appointment of 25-year sports and entertainment veteran Scott M. O’Neil as CEO. O’Neil will be responsible for overseeing the business operations and global growth of Merlin Entertainments across its 147 attractions in 24 countries. Read More>>
Twitter to make 140 of its Irish staff redundant as part of global job cuts
The social network company has confirmed 140 redundancies for its Irish operation in Dublin. The layoffs amount to about one-third of the social media platforms workforce in Dublin. Read More>>
Financial and Market Activity
Bowlero Corp. announces strong results for Q1, 2023
The company announced a revenue of USD 230 Mn, up by 27.2% on a YoY basis, which was driven by dramatic growth in event revenue, the recovery of league business, and solid walk-in retail performance. Read More>>

Latest Industry Insights from Draup Braindesk

  1. Sky broadband develops full-fiber broadband that lets users play cloud-based multiplayer games with low latency and upload large files in seconds. 
  2. Sky Limited focuses on distributing news, business, sports, and entertainment audio content to commercial radio stations across the UK. 
  3. Sky Broadband introduces fiber broadband packages with guaranteed speeds for new and existing customers with outstanding customer care and stable connection. 
  4. Sky Sports to broadcast a minimum of 32 live events from global tournaments on its platform. 
  5. Broadcast Engineering, VFX & Animation, and Robotic Process Automation are key operations in London, UK. 
  6. Product Engineering Services is the highly outsourced segment holding 59% of the total outsourcing headcount. Accenture is the key strategic outsourcing partner for Sky Limited.

Funding Alert

Playtika agrees to USD 25 Mn minority investment in Ace Games
The investment in Ace Games is an important milestone in the execution of Playtika’s new games investment strategy as Playtika continues to seek exposure to high-growth potential game IP in cost-effective ways. Read More>>

Startup Spotlight

Company – GAMURS Group
Total Funding – USD 17.5 Mn
About: The GAMURS Group is a leading eSports media network shaping the future of gaming. GAMURS strives to inform, entertain, and educate the global gaming community through its library of content and a range of gaming-related services. Read More>>

Latest Reports Published in Draup

Warner Bros. Discovery, Inc. – Account Intelligence Report
Warner Bros. Discovery, Inc. focuses on developing its Non-fiction Real-life Subscription, Media Platforms, Click-to-Contact, and Viewer’s Choice to drive greater brand awareness. Read More>>
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