Spotify partners with Soundtrap to bring real-time changes and Autosave tools for creators

Key Signals in Media and Entertainment

Layoff
Laid-off Twitter workers await severance pay, Elon Musk in for legal trouble
Mr. Musk laid off roughly 50 percent of Twitter’s more than 7,000 employees just a week after taking control of the company. Employees have still not heard any details about additional severance or continuation of health coverage, known as COBRA. Read More>>

Deals
CDI signs online sportsbook and iGaming deal with bet365 in Pennsylvania
CDI noted that the deal, which is still subject to necessary regulatory approvals, is aimed at monetizing the group’s online sports and access rights to the iGaming market. Read More>>
Light & Wonder extends deal with Twenty-Nine Palms Band of Mission Indians
The deal will see Light & Wonder install its loyalty and customer engagement platform into the Twenty-Nine Palms Band of Mission Indians’ casinos in California, including the Spotlight 29 Casino and Tortoise Rock Casino. Read More>>
Gfinity to integrate Athlos tournament platform into Playgendary games
The agreement means the Athlos tournament platform will be integrated into Playgendary games early in 2023. Athlos will be paid a monthly fee based on the number of active users. Read More>>

Mass Hiring
Six Flags is looking to hire 1,200 Georgia employees for the 2023 season
The company is looking to hire employees for the 2023 season at upcoming job fairs. The first fair will be for new applicants. The second will be for those interested in leadership positions, and the third will include multiple departments. Read More>>

Partnerships
Roblox collaborates with H&M to launch Looptopia
The game will allow players to experiment with materials and patterns and create their choice of virtual garments and wardrobe to dress their avatar. Read More>>
Wemade partners with CertiK, a global blockchain security company
The company has signed an MoU with CertiK to form a long-term security alliance and launch a joint marketing campaign. In addition, CertiK will use its extensive experience in the blockchain industry to improve the security and efficiency of Wemade’s WEMIX 3.0 ecosystem. Read More>>
SIS and Bet365 team up for new lottery product, Lotto365
Under the terms of the new partnership, the company will provide bet365 with a brand-new game, Lotto365, designed to strengthen the operator’s presence in the online lottery vertical and elevate the player experience. Read More>>

Executive Movements
SGS & Co welcomes industry expert Robert Sanders as President & Chief Commercial Officer
Robert Sanders will oversee the development and execution of SGS & Co’s commercialization strategy. In his previous role at IRI, Sanders set strategic initiatives by identifying business opportunities and making actionable recommendations for growth. Read More>>
Cindy Mabe confirmed as CEO & Chair of Universal Music Group Nashville
Mabe will succeed Mike Dungan, who announced his intention to retire from his position at UMGN after more than a decade and a total of four decades in the music industry. The promotion of Mabe to the role was widely expected. Read More>>
Cinedigm appoints Marc Rashba as Executive VP of Partnerships
Utilizing his 20-plus years of experience, Rashba will be responsible for business development, programming content deals, and selling Cinedigm’s proprietary technology ‘Matchpoint’ to third parties. Read More>>

Latest Industry Insights from Draup Braindesk

Funding Alert

Norwich golf days raises USD 300,000 for Macmillan Cancer Support over 25 years
Every year since 1999, the charity champion from Framingham Earl has organized a golf day in aid of Macmillan Cancer Support – and has now raised more than a quarter of a million dollars. These fundings have helped nurses directly support 110 people fighting cancer. Read More>>

Startup Spotlight

Company – Modulate
Total Funding – USD 36 Mn
About: Modulate’s voice skins will be available through select platforms via Modulate’s real-time software development kit (SDK). Users will be able to alter their voices nearly instantaneously. Users will then have the freedom to swap between any of these voices or even mix and match them, designing a style that’s uniquely their own. Read More>>

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