Snap’s Latest Augmented Reality Feature Helps Creators Earn Money

Key Signals in Media and Entertainment

Merger and Acquisition
SEED Innovations expects USD 5.9 Mn as IMG buys portfolio company Leap Gaming 
The company announced that it expects to receive the cash over two years from the takeover of portfolio company Leap Gaming by IMG Arena US. With completion requiring regulatory approvals in the UK, Malta, and other jurisdictions, Leap and IMG estimate the deal will complete in March of April next year. Read More>>
Cameo launches Cameo Kids personalized videos with Candle Media 
Cameo partnered with Candle Media to launch a new feature for the playground set Cameo Kids. The service will offer personalized birthday and holiday video greetings from animated children’s characters, including popular figures from Candle Medias Moonbug Entertainment’s franchises Blippi and CoComelon. Read More>>
Riot Games and Xbox Game Pass benefits described in detail 
The two companies entered a new collaboration, providing subscribers with enticing freebies and bonuses for playing Riot Games titles on Xbox Game Pass. They can unlock Valorant agents, LoL chariot Games, and Xbox Game Pass Benefitsampions. Read More>>
Foxtel Group and No Limit Boxing announce a multi-year partnership 
The partnership deepens the long-standing relationship between the Foxtel Group and No Limit and will feature all of No Limits fighters, including the No.1 ranked World Boxing Organization super welterweight contender Tim Tszyu who will face Jermell Charlo for the undisputed and highly anticipated world title on 29 January 2023. Read More>>
Product Launch
New Snap features, including for us to earn money with Snapchat 
Snapchat announced its latest push and innovations on the AR front, including features that allow content creators to earn money. As part of this launch, the new music creation platform is released, AR Minibeats, with a set of glasses. These glasses let play their versions of artists’ songs combined with vibrant AR effects. Read More>>
Executive Movements
Fangoria Studios hires former Netflix exec as first Chief Marketing Officer
Fangoria hired Amir Moini as its first Chief Marketing Officer. In the newly created role, Moini will be tasked with driving brand engagement and consumer growth, leading marketing and communication initiatives, and modernizing the company’s brand. Read More>>
Kurt Deutsch named SVP/Warner Music Entertainment & Theatrical Ventures 
Warner Chappell Music SVP/Theatrical & Catalog Development and SH-K-BOOM/GHOSTLIGHT label founder Kurt Deutsch has been named SVP at Warner Music Entertainment & Theatrical Ventures. They look forward to all the compelling projects and new opportunities he’ll spearhead under the WME banner. Read More>>
Saatchi & Saatchi announces three new Creative Director hires Marketing Communication 
The company has announced the appointment of three new Creative Directors, who will work closely with CCO Franki Goodwin to deliver her creative vision for the agency going into 2023. Ashley Milhollin, Michael Thomason & Ali Dickinson Saatchi & Saatchi UK. Read More>>
Financial and Market Activity
Wiley reports second quarter fiscal year 2023 results 
The company is lowering its revenue outlook at constant currency due to consumer spending and enrollment headwinds in Academic & Professional Learning. Excluding acquisitions and currency impact, revenue was down 0.5% for the quarter. Read More>>
Viad Rating lowered to sell 
The firm has a 50-day moving average price of USD 31.65 and a two-hundred-day moving average price of USD 32.73. Viad had a return on equity of 18.08% and a net margin of 0.79%. Victory Capital Management Inc. increased its holdings in shares of Viad by 0.9% in the third quarter. Read More>>

Latest Industry Insights from Draup Braindesk

  1. Sky broadband develops full-fiber broadband that allows playing multiplayer games direct from the cloud with low latency and uploading large files in seconds. 
  2. Sky Limited provides continuous distribution of news, business, sports, and entertainment audio content to commercial radio stations across the UK. 
  3. Sky Broadband focuses on introducing a fiber broadband package with a guaranteed speed of 25 Mb/s and an average speed of 35Mb/s to benefit new and existing customers with amazing value, outstanding customer service, and reliable connection. 
  4. Sky Sports broadcasts on its Sky Platform by providing customers with a minimum of 32 live events across the tour’s global tournament schedule. 
  5. London, United Kingdom, is the Key hub area for various operations such as Broadcast Engineering, VFX & Animation, and Robotic Process Automation-related engagements. 
  6. Product Engineering Services is the highly outsourced segment which holds approximately 59% of the total outsourcing headcount. Accenture is the key strategic outsourcing partner for Sky Limited.

Funding Alert

Deloitte announces USD 1.4 Bn investment in Project 120 
Project 120 aims to transform how learning and development can be designed and delivered. It curates highly personalized learning and development pathways to develop critical technology and leadership skills ahead of future market demands. Read More>>

Startup Spotlight

Company – GameOn Technology
Total Funding – USD 56 Mn
About: SameOn’s ChatOS platform empowers brands and connects fans in new and interesting ways to what they like, what they’re passionate about, and what they’re craving to discover. It powers authentic conversational experiences for brands, teams, and content properties. Read More>>

Latest Reports Published in Draup

The Walt Disney Company Account Intelligence Report 
Walt Disney revolutionized theme park operations using behavioral data and advanced analytics to reach more people and enhance customer relationships. Disney Publishing launched animated storybooks featuring characters from Disney and Pixar on its Miko 3 robots. Read More>>
Paramount Pictures Account Intelligence Report 
Paramount aims to develop new characters and give a unique and engaging experience through technological innovation. It is strengthening its leadership team to develop and deliver creative and quality control on various platforms. Read More>>
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