Sony Invests Big in AI to Reshape Entertainment and Gaming Landscape

Partnership
Calm Teams Up with Spotify
Calm’s meditative sessions will now be available on Spotify. The partnership aims to help users prioritize mental health and address issues like anxiety, stress, and sleep. Read More>>

Executive Movements
Katie Martin Kelley Joins Warner Bros. as Executive Vice President
After 12 years at Paramount Pictures, she will now lead media relations and corporate communications for Warner Bros. Pictures, New Line Cinema, and Warner Bros. Animation. Read More>>
Roblox appoints Christina Wootton as Chief Partnerships Officer
With almost a decade at the company, Wootton held diverse roles, notably as VP of global partnerships. She played a key role in securing and expanding partnerships. Read More>>

Product Launch
Amazon miniTV announces the launch of miniTV Imported
Offering dubbed international content in Hindi and monthly streams of global shows in various languages, Amazon miniTV Imported engages the audience by localizing content. Read More>>
Discord’s Family Center helps keep parents informed about teens’ activity
Discord’s new tool will facilitate better communication and keep parents informed about their teens’ Discord activity without compromising their privacy. Read More>>

Layoff
130 to lose jobs in Buffalo News printing plant move
The Buffalo News, owned by Lee Enterprises, will shift operations to Cleveland in October, resulting in 130 job losses at the printing plant. Read More>>

Financial and Market Activity
Schibsted’s Q2 2023 results declared
Despite challenging market conditions, Schibsted delivered a solid quarter with 2% revenue growth and a Group EBITDA of $66.5 million, up 8% from the same period last year. Read More>>

Metaverse and AI-based Dynamic Robots

• The Walt Disney Company launched Starverse, its metaverse platform, enhancing the 3D adventure sports-viewing experience for fans through gamification and real-time user interaction using augmented reality (AR) technology.  
• Disney introduced AI-based dynamic robots that bring character personalities to life, immersing audiences in the Disney universe. These robots utilize motion-capture data for emotive performances, enabling Disney Imagineers to innovate and enhance character experiences.

Streaming Solutions

• The Walt Disney Company enhances its streaming applications, including Disney+, by introducing an ad-supported plan. This tier allows targeted ads to reach valuable streaming audiences, expanding opportunities for advertisers. The streaming library is developed with premium news, sports, and entertainment, leveraging audience-based advertising.  
• Disney prioritizes next-generation storytelling to foster connected experiences across physical, digital, and virtual realms. The company aims to drive the boundaries of storytelling and engage audiences in immersive and interconnected ways.

AI – Animatronics Robots

• The Walt Disney Company prioritizes the development of animatronics Robots, utilizing motion-capture data and AI technology to deliver lifelike and emotionally impactful performances. This innovation aims to revolutionize the theme park experience, developing a deeper connection with guests through unforgettable character interactions. Service Providers with rich expertise in developing AI-animatronics robots would be able to find better solutions.

Real-time Entertainment Services

• The Walt Disney Company strives to build a sports content platform that caters to fans, offering personalized digital experiences on streaming devices. Disney aims to provide immersive entertainment to global audiences and guests by incorporating real-time interactive features and AI-driven characters. Service Providers with rich expertise in providing real-time entertainment services would be apt to serve The Walt Disney Company.

Key Funding Alert

Sony’s Investment in AI for Entertainment, Consumer Electronics, and Gaming
Sony has recently invested significantly in AI to enhance user experiences and create innovative, immersive content. This move comes as no surprise, given AI’s revolutionary impact on various industries, offering new possibilities and enhancing user experiences. Read More>>

Startup Spotlight

Company – Rephrase.ai
Total Funding – USD 12.2 Mn
About: Rephrase.ai helps in creating videos and animations through an AI-powered visual dubbing tool. Its technology uses generative AI tools to learn people’s facial features corresponding to any spoken audio, and then reconstruct photorealistic faces for any new given text or audio. Read More>>

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