Snapchat’s acquisition of BCI Startup NextMind points to an AR-powered Future

Key Signals in Media & Entertainment

Center setup
Lego will open its first Israeli Store in Dizengoff Center
The store will be located in Building A, where six stores are currently being renovated and converted into one space totaling over 200 square meters. The Tel Aviv store will come with a significant price cut on all of its products. Read More>>
Sony Music Group opens new Southeast Asia HQ in Singapore
The new office will be home to SMG companies, including Sony Music Entertainment (SME), Sony Music Publishing (SMP), and artist and label services company, The Orchard, as well as serving as the new base for Sony Interactive Entertainment, creators of PlayStation. Read More>>
Warner Bros submits major expansion plans at Leavesden studios
The master plan put forward by Warner Bros includes the construction of eleven sound stages, four production buildings, and three workshops. Read More>>
Elsevier selected Conga to transform its global quote-to-cash processes
As part of the agreement, Conga set out to connect the interdependent, customer-centric tasks that Elsevier’s sales team had been conducting manually into a smooth revenue operation, or quote-to-cash, a process that is facilitated by technology. Read More>>
MBC Group inks broadcast deal with WWE
The new deal makes streaming service Shahid the home of WWE in the Kingdom of Saudi Arabia and the MENA region. The partnership includes all WWE premium live events, as well as the WWE Networks library of original programming and archived content. Read More>>
NEC Group’s Birmingham arenas adopt SecuTix mobile blockchain ticketing tech
The new ticketing solution offers enhanced security measures for customers to safely store, transfer, sell or buy digital tickets – with the aim of supporting NEC’s ongoing battle against ticket touts. Read More>>
CBS News and The Weather Channel announce content partnership
The Weather Channel’s reports will be featured during the network’s morning and evening newscasts, including CBS Mornings and CBS Evening News with Norah ODonnell, as well as the CBS News Streaming Network. Read More>>
Mergers and Acquisitions
Snapchat acquires BCI Startup NextMind for AR Glasses Input
A brain-computer interface (BCI) could one day allow users to control their glasses and even type words and sentences by just thinking. The NextMind acquisition is a long-term research bet, with no specific technology yet intended to ship in products. Read More>>
Indian multiplex leaders PVR and Inox reveal merger plans
The proposed deal was revealed by the firms and would involve an all-stock merger, subject to regulatory approval, with the new company named PVR Inox. If approved, it will be India’s biggest film exhibitor by some margin, using 1,546 screens at 341 sites across 109 cities. Read More>>
Spotify puts its Podz acquisition to use with the test of a new podcast discovery feature
Spotify acquired podcast discovery platform Podz last summer for USD 49.4 Mn. Spotify is testing a feature of Podz that leverages technology to help users find new podcasts they may like. Read More>>
Executive Movement
Steve Raizes promoted to new Executive VP of Viacom Podcasting Division
In this new role, Raizes will formally head all audio initiatives for CBS News, in addition to continuing his oversight across Paramount’s centralized podcasting unit. Read More>>
The Trade Desk appoints Naseem Tuffaha as Chief Growth Officer
In this newly created role, Tuffaha will be responsible for scaling operations and growth initiatives across the company, including long-term workforce expansion and scaling the company’s global presence. Read More>>
GroupM NZ names Christophe Spencer as Chief Digital Officer
Christophe will lead GroupM’s digital services, performance marketing, and specialist business units, including influencer marketing platform INCA, programmatic platform Xaxis, Social and Search, and provide digital and tech consultancy. Read More>>

Latest Industry Insights from Draup Braindesk

Key Funding Alert

Netflix to invest USD 62 Mn into South African Film Productions 
The investment will cover four productions over the next two years, one of which is international and three of which are local. The local productions will be showcased on Netflix’s global platform, with more than 200 Mn subscribers worldwide. Read More>>

Startup Spotlight

Company – Theta Lake
Total Funding – USD 67.7 Mn
About: Theta Lake provides security and compliance for modern collaboration platforms. Empowering enterprises to manage compliance, data exposure, and security in what is shared, shown, spoken, or typed during video conferences, collaboration chat, audio calls, and any other unified communications. Read More>>

Latest Reports Published in Draup

Houghton Mifflin Harcourt – Account Intelligence: 
Houghton Mifflin Harcourt looks forward to leveraging Artificial Intelligence, the Internet of Things, and the Cloud to support its growth and deliver personalized customer experiences. Read More>>
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