Warner Music Group unveils fresh licensing deal with Meta to expand revenue sharing model for artists
Key Signals in Media and Entertainment
Deals Warner Music Group unveils a new licensing deal with Meta The Big Three record label unveiled the freshly-inked pact with Meta that includes an expanded revenue sharing model that will open up additional opportunities for both frontline and catalog artists. Read More>> Apple Original podcasts will get bulked up through a deal with Futuro Studios The company has signed a deal with Pulitzer-prize winner Futuro Studios and is now courting other companies in hopes of turning the podcasts into Apple TV+ original content. In exchange, Apple would have the right to turn any podcast into a film or TV show. Read More>> Sony Pictures Network extends its Rights with ECB The England and Wales Cricket Board (ECB) has signed a new deal with SPN for an additional six years, through 2028. In addition to India, Pakistan, Sri Lanka, and some other Asian countries are included in the agreement for the transmission of England’s games. Read More>>Partnerships Moving Walls partners with GroupM in the Philippines for DOOH The company is partnering with GroupM to bring automation and accountability to Digital Out-of-Home advertising across the Philippines. Read More>> Ticketmaster partners with TikTok for the in-app ticket purchasing feature The in-app feature allows users of the social media platform to discover events and purchase tickets directly through the app. The feature will also allow creators such as artists, promoters, and venues to add destination links to their videos. Read More>>Merger and Acquisition Dentsu acquires Extentia and merges it with Merkle The two companies will develop joint go-to-market plans and will focus on accelerating growth across both businesses. Extentia will bolster Merkle’s existing Salesforce capabilities and will expand the business presence in India. Read More>> Kingdom Digital acquired by Hakuhodo The company has purchased the digital creative agency to expedite Kingdom Digital’s development in Southeast Asia. No significant staff changes will occur inside the agency, and there are no clashing clients at present. Read More>>Executive Movement Horizon Media’s Night Market named A.J. Storinge as Chief Business Officer The position is new, and Storinge is tasked with managing client relationships, business development, and other duties. Read More>> EduBridge Learning appoints ex-ZEE5 head Akshat Mohan Sharma as Chief Product and Technology Officer Akshat will be responsible for spearheading the company’s expansion, focusing on research and development, and introducing new courses as per the current market need. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Overtime raises USD 100 Mn in Series D Led by Liberty Media Corporation and Counterpoint Global
The funding will be used towards the growth of OTE and OT7, the creation of new disruptive sports leagues, and key business verticals, including e-commerce and web3. In addition, Overtime will continue to invest in short-form and long-form digital content across different sports. Read More>>
Startup Spotlight
Company – HYGH AG Total Funding – USD 10.99 Mn About: HYGH AG is building a global digital out-of-home advertising network with the latest AdTech, which is setting new inexpensive, quick, and flexible booking standards for the entire industry. From proprietary screens to the best SaaS solution for connecting the internet of public pixels, HYGH AG brings together advertisers and digital display providers. Read More>>
Latest Reports Published in Draup
Epic Games, Inc. Account Intelligence Report:
Epic Games, Inc. is focusing on developing GPU lightmass and real-time integration solutions to improve game quality and flexibility. Read More>>
WPP plc – Account Intelligence Report:
WPP aims to build next-generation interactive digital experiences leveraging an advanced real-time 3D creation tool to create imaginative worlds for brands in online games. Read More>>
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