Netflix partners with Ubisoft to bolster fledgling gaming division
Key Signals in Media and Entertainment
Centre Setup and Expansion MBC Group opens new headquarters in Riyadh Saudi-owned MBC Group has officially opened its new headquarters in the Saudi Arabian capital of Riyadh in a move that will boost its stated mission to serve as a driver to kickstart the kingdom’s nascent film and TV industry. Read More>>Merger and Acquisition Nintendo acquires animation studio Dynamo Pictures The acquisition of Dynamo Pictures would allow Nintendo to produce its own in-house TV and film content based on its popular legacy IP, such as its iconic Super Mario Bros and The Legend Of Zelda franchises. The deal is expected to close on Oct. 3, with the Tokyo-based CG animation studio to be renamed Nintendo Pictures. Read More>> The Channel Company acquires Confer Group This acquisition brings significant new opportunities to The Confer Group members and enables The Channel Company to continue to invest in expanding its IT leadership audience. Confer members can access industry-leading IT events, online communities, powerful research, the latest IT news, and future trends through its Mid-Size Enterprise Services and Computing brands. Read More>> Live Nation GSA acquires booking and services agency Goodlive Goodlive GmbH is renowned for its holistic and distinctive event experiences, such as Splash Festival in Ferropolis or Superbloom Festival in Munich. Goodlive and its management will continue to focus on their brands while working with the Live Nation teams to develop festival and live experiences in partnership. Read More>>Partnerships Tencent announces a new collaboration with famous Malaysian animated character BoBoiBoy Tencent always brings new collaborations and partnerships with well-known brands and characters. These collaborations bring new content, skins, and more to the game themed around the partnership. The teaser of the association between PUBGM x BoBoiBoy teased the upcoming outfit and other skins in the game. Read More>> Netflix is teaming up with Ubisoft to launch three exclusive games The streaming giant, which enables billions of users worldwide to access endless hours of TV and film content, is gearing up to launch a series of games with developer Ubisoft, including a new ‘Assasins’ Creed.’ Netflix is reportedly planning to release up to 50 games within the next year. Read More>>Executive Movement Warner Music appoints Robert Kyncl as CEO Kyncl will become co-CEO of Warner Music in January and will take over the full role when Cooper steps aside on Feb. 1. During his time at YouTube, he led creative and commercial relationships and helped create a subscription service. At Netflix Inc., he was involved in the launch of original streaming programming. Read More>> Marilene C. Acosta appointed as Pag-IBIG Fund CEO Acosta, who hails from Narvacan, Ilocos Sur, has been with Pag-IBIG Fund since 1981. During her tenure as Pag-IBIG Fund Deputy CEO for Home Lending from March 2017 to September 2022, the agency released consistent record-highs in housing loans, which enabled a record-high number of members to acquire their own homes. Read More>> Wanji Walcott to join Pinterest as Chief Legal Officer Wanji will join Pinterest from Discover Financial Services, where she managed the legal and government relations organizations and co-led the company’s innovation effort. In her role at Pinterest, Wanji will be responsible for Legal, Compliance, and Public Policy. Read More>>Layoff Tencent lays off all of the staff at its gaming site Fanbyte In August, Tencent fired 5,500 employees after posting a revenue of USD 19.8 Bn in the June quarter, down 3%, which was the first decline since going public. The downsizing of its workforce comes for the first time since 2014. Read More>>
Latest Industry Insights from Draup Braindesk
Virtual Reality Gaming
Epic Games, Inc. is keen on transforming gamers from spectators into active participants.
Epic Games, Inc. intends to acquire and partner with the companies to improve realistic interactive experiences and make 3D, AR, and VR content more widely available and accessible.
Epic Games, Inc. focuses on improving GPU Lightmass upgrades for noticeably quicker light baking through Unreal Engine 4.27.
Digital Integration
Epic Games, Inc. is eager to enhance the quality of digital effects, motion capture, motion control, and computer graphics through breaking technologies like 3D animations, virtual reality, and augmented reality.
Epic Games, Inc. focuses on developing the Wallet Payment Option for users to deposit money directly into Epic Games accounts.
The goal is to create an immersive, stimulating, and engaging digital experience for kids of all ages to share.
Funding Alert
Red Ventures leads USD 10.6 Mn round for AI startup Rephrase.ai
The fund will be used to enhance the capabilities of the startup by integrating product experiences; scaling hiring across the business, engineering, AI, product, sales, and marketing teams; and expanding its presence in North America, the AI startup claims. Read More>>
Startup Spotlight
Company – FRVR Total Funding – USD 82.02 Mn About: FRVR is a platform company building an ecosystem that instantly connects billions of players to captivating games. They collaborate with game developers and studios to make excellent games and distribute through open and closed channels, engaging with innovative partners to push game distribution beyond app stores and introduce a games channel into their environment. Read More>>
Latest Reports Published in Draup
24 Hour Fitness Account Intelligence Report
24 Hour Fitness focuses on enhancing adaptive fitness clients in their clubs throughout the United States by utilizing various tools & techniques to build its business and offer members fitness experiences. Read More>>
Activision Blizzard Account Intelligence Report
Activision Blizzard focuses on developing new-gen gaming by leveraging advanced digital technologies like AI (Artificial Intelligence) /ML (Machine Learning) to generate game environments and characters that are more realistic and natural. Read More>>
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