Pinterest partners with Warner Music Group & Merlin to transform the in-app Music Experience.
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Key Signals in Media and Entertainment
Deal 7digital secures a new contract with Pinterest The agreement will enable Pinterest’s music library to include licensed commercial tracks delivered by 7digital’s music-as-a-service platform to sit alongside their royalty-free music. Read More>>Merger and Acquisition Warner Music buys a stake in Serbian record label Mascom The move will see the two companies working together to build a roster of local artists, with the opportunity for acts to be upstreamed into WMG’s global network. Read More>> Riot Games acquires World of Tanks and World of Warships support studio The company has completed the purchase of Wargaming Sydney, a support studio, and will be aiming to work on Riot’s live-service games, including Valorant and League of Legends. Read More>> PVR shareholders approve merger with INOX Leisures PVR and INOX Leisure announced a merger to create the country’s largest multiplex chain with more than 1,500 screens to unlock opportunities in tier III, IV, and V cities. Read More>>Partnerships Pinterest partners with Warner Music Group and Merlin The partnership aims to expand the music experience on the platform and allow users to add tracks from top artists to their Idea Pins. Read More>> PerformLine and LinkedIn announce Compliance Partnership The partnership will enhance PerformLine’s social media capabilities, allowing BFSI firms to leverage LinkedIn’s business value while maintaining industry regulations and company policies. Read More>>Executive Movement Deloitte Digital appoints Megan Fath as its US Chief Design Officer Megan Fath is an empathetic design leader who champions the role of design in solving the most complex business challenges. Megan is a Managing Director at Deloitte Consulting LLP and is now the US Chief Design Officer of Deloitte Digital. Read More>> VMLY&R makes key Leadership changes The company has announced two new senior leaders to their team in Sydney and a senior promotion. The company has welcomed Clancy Walsh as Strategy Director and Jack Delmonte as Creative Director, while Katherine Chen, previously Client Service Director, has been promoted to Managing Partner. Read More>> BBDO Taiwan names Shih-Yen Lee as the new Chief Creative Officer After less than three years in the business, he had collected a staggering thirty advertising awards. Since joining in 2008, he has held top creative positions at leading ad firms in both China and Taiwan, covering multiple brands and categories. Read More>>Financial and Market Activity Entain Reports positive Q3 revenue growth The company’s net gambling revenue increased by 2% in the third quarter of 2022, in line with full-year earnings and revenue forecasts for 2022. The revenues from the company’s retail businesses grew by 10% during the same period. Read More>>
Latest Industry Insights from Draup Braindesk
Activision Blizzard plans to develop games with better graphics, sound, and character/equipment customization.
Activision Blizzard uses AI/ML to create more realistic game environments and characters.
Activision Blizzard’s gaming division plans to develop in-game advertising and offer deals to engage players.
Greater Los Angeles and Shanghai are key locations for IT Consulting and Infrastructure Management System engagements.
Product Engineering Services and Infrastructure Management services account for 76% of the total outsourcing headcount. Wipro is Activision Blizzard’s strategic outsourcer.
Funding Alert
Ex-Peak Games execs raise USD 5 Mn in funding for new studio Magic Games The newly formed mobile developer plans to hire more artists and developers and open a second office in Europe with this funding. Magic’s first game will be a match-3 title multiplayer game. Read More>>
Startup Spotlight
Company – GAMURS Group About: The GAMURS Group is the leading esports media network shaping the future of gaming. The company strives to inform, entertain, and educate the global gaming community through fresh content and services. Read More>>
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