ShareChat Partners with Httpool by Aleph to Expand its Self-Serve Ads Platform

Key Signals in Media and Entertainment

Merger and Acquisition
Entain Completes Acquisition of Croatia’s SuperSport   
The purchase comes after it was announced this week that Entain had secured several new online gambling licenses in Germany, including the first two permits in the country for internet poker. Read More>>
ShareChat Partners with Httpool by Aleph to Expand its Self-Serve Ads Platform
Httpool by Aleph will support ShareChat’s self-serve ads platform, ShareChat Ads, in reaching mid-market and SMB companies across India. Read More>>
VCT Oceania 2023 Announced, LPL Locks-In Extended Partnership with Riot Games
Lanka Premier League has announced it is extending its partnership with Riot Games, continuing as the official regional provider of VALORANT tournaments in the Oceania region until the end of the 2024 VCT season. Building on the successes of 2021 and 2022, the partnership will provide an official global pathway for Oceania-based VALORANT teams and players across 2023 and 2024. Read More>>
Executive Movements
Nexstar Media Group Taps Michael Strober as Chief Revenue Officer
The company has appointed Michael Strober to the role of Chief Revenue Officer. In the newly created position, Strober will lead the reimagination and execution of a new advertising sales and go-to-market strategy across linear, digital, mobile, and streaming platforms of the TV station giants. Read More>>
Merlin Entertainments Appoints Fiona Eastwood as Chief Operating Officer for Theme Parks
The company has promoted Fiona Eastwood to Chief Operating Officer, Midway Attractions and Theme Parks. She will take on additional management tasks and the area of ​​strategic growth. Fiona Eastwood has been instrumental in the expansion of the Midway portfolio, overseeing more than 125 attractions. Read More>>
Twitter Mass Resignation Included over 200 SF Employees
The 204 workers spanned all divisions of the company, including accounting, legal and sales personnel, as well as around 70 engineers in various roles. Mass resignations also hit Twitter’s San Jose office, where 22 workers left, and Santa Monica, where 34 workers resigned and four were laid off. Read More>>
ShareChat Shuts Down Jeet11, Layoff 100 Employees
The company announced that it shut down Jeet 11, a gaming fantasy app that resulted in layoffs for 100 employees. The shutdown has resulted in the layoff of 100 employees which is almost 5 percent of its total workforce. The mentioned layoffs of the company were mostly from non-tech roles. Read More>>
Financial and Market Activity
Liberty Media Corporation Announces Quarterly Interest Payment and Excess Regular Additional Distribution on 2.75% Exchangeable Senior Debentures Due 2049
The amount of the quarterly interest payment is USD 6.8750 per USD 1,000 original principal number of Debentures, and the amount of the Excess Regular Additional Distribution is USD 1.0038 per USD 1,000 original principal number of Debentures. As of December 1, 2022, the aggregate adjusted principal amount outstanding is approximately USD 586 Million, after giving effect quarterly interest payment. 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

Sony Interactive Entertainment to Invest USD 140,000 in the China Hero Project
China Hero Project is a local development program to support indie studios in China, it was started in 2017, and already the program was able to support a total of 17 games in two batches, the first one in 2017 and then in 2019. Genshin Impact being one of them, released in 2020, was backed by Sony through a deal in 2019 between Sony Interactive Entertainment Shanghai Subsidiary and Shanghai miHoYo Network Technology Co., Ltd, the developer studio behind Genshin Impact. Read More>>

Startup Spotlight

Company – Visual Feeder
Total Funding – USD 1.7 Mn
About: Visual Feeder lights up the city streets with full-motion advertising on high-traffic commercial retail locations. The company has exclusive locations in flagship stores, shopping malls, and high-traffic retail locations, creating an immersive experience that is highly targeted to its audience. Read More>>

Latest Reports Published in Draup

Spotify Account Intelligence Report
This report provides an overview of the elements of Spotify’s strategic initiatives around the globe. Read More>>
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