TF1 Group focuses on building a cloud-based virtual interface to enhance complete media asset management

Key Signals in Media and Entertainment

Centre Setup and Expansion
TikTok plans to open two more data centers in Europe
This move could mitigate concerns over the security of users’ data and ease regulatory pressure. TikTok is trying to assure governments that users’ data cannot be manipulated. Read More>>
St. Louis City SC inks deal with Audacy for radio broadcasts of its matches
The Soccer club has reached an agreement with Audacy St. Louis to have its games broadcast on local station KYKY. Audacy-owned KMOX will carry more City SC programs under the deal. Read More>>
Nippon TV strikes a deal with Netflix to produce Comedy series Ariyoshi Assists
The deal marks the first time that Nippon TV has produced a show exclusively for global streaming that it will not broadcast or stream on its own platforms. Read More>>
Facebook parent Meta may lay off more workers soon after cutting 11000 jobs
The company is gearing up for another round of job cuts and will include traditional measures such as slashing some projects and jobs across the organization. Read More>>
NPR to cut 10% of its staff in a significant loss for the public radio network
The company will lay off 10% of its staff after projecting a USD 30 Mn budget shortfall. The layoffs will result in at least 100 positions being eliminated. Read More>>
Merger and Acquisition
Bowlero Corp. completes acquisition of Big Event in Cherry Hill
The Big Event is a 36-lane center featuring billiards, ping pong, shuffleboard, arcade games, and VIP private event rooms. Thus far, in the fiscal year 2023, Bowlero has completed 12 acquisitions. Read More>>
Meta, Warpin Reality, and IKEA to unveil first-of-its-kind AR experience
The Lilla Aventyret game will create an immersive and interactive experience for customers and their kids to learn more about the ocean and water life as well as sustainability. Read More>>
Riot Games teams up with GRID Esports to launch Valorant Data Portal
The VDP enables teams to instantly search, query, or filter data for match analysis, scrim evaluations, talent evaluation, and other purposes. Read More>>
Executive Movements
Nexstar names Joe Ruffalo as Senior VP and GM for The Hill and News Nation Digital
Ruffalo will be responsible for each property’s long-term strategy and day-to-day operations as Nexstar realigns its national digital news platforms. Read More>>
Galaxy Entertainment Group appointed Ted Chan as CFO
The appointment of Chan as CFO will take place after a few months of transition starting from March 1, 2023, during which Chan will work together with departing CFO Robert Drake. Read More>>
Financial and Market Report
Gannett hangs its hat on Digital Revenue
The company succeeded in digital-only subscriptions and digital revenue. Its total revenue was USD 730 Mn, an 11.6% decrease year-over-year. For Q4, Gannett had a net income of USD 32.8 Mn. Read More>>

Latest Industry Insights from Draup Braindesk

  1. TF1 Group wants to give French viewers unencrypted access to athletic events on all channels.  
  2. TF1 Group focuses on content publishers, multi-channel streaming, and production while the internet advertising business changes and consolidates. 
  3. TF1 Group wants to boost French quality content with its strong brands and ambitious investments. 
  4. TF1 Group focuses on developing a cloud-based virtual interface that automates live and on-demand content intake, media asset management, scheduling, transcoding, and cross-platform distribution. 
  5. Paris Area, France, serves as the major buying location for TF1 Group with a focus on System Integration and Cybersecurity related engagements. 
  6. Product Engineering Services is the major outsourced segment, holding ~67% of the total outsourcing headcount. Arago Consulting, Experion Technologies, and Capgemini are the outsourcing partners for TF1 Group.

Funding Alert

PUBG maker Krafton to invest in One Impression
Krafton, the developer of PUBG, is set to invest USD 10 Mn in influencer marketing platform One Impression. The investment will be part of a larger funding round, requesting anonymity. Read More>>

Startup Spotlight

Company – Light Field Lab
Total Funding – USD 85 Mn
About: Light Field Lab is a breakthrough technology startup that builds an innovative holographic ecosystem. It re-creates an accurate image for off-screen objects by generating many viewing angles, just like in the real world. Read More>>

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