Sony and Zee merger set to create India’s largest entertainment network
Key Insights and Signals in Media and Entertainment
Centre setup and Expansion Game Room powered by Hasbro is all set to open at Destination Retailtainment Complex in New Jersey A re-imagined concept of Destination Entertainment is all set to go big in scale and innovation at American Dream, New Jersey. The new venue will feature highly-curated midway games, interactive attractions such as Skee Golf, and a selection of food and beverage outlets. Read More>>Deals and Deal Renewal Redbox announces a promotional agreement with Roku to attract multi-platform users to the streaming app Starting now through mid-2022, consumers will receive a USD 5 streaming code on Roku players sold exclusively at Walmart. Consumers can then redeem these codes by downloading the Redbox app via their Roku player, and the credit is immediately available to use towards movie rentals. Read More>> Etihad Airways to use Microsoft AI to automate its bank-reconciliation process In doing so, the United Arab Emirates airline hopes to improve efficiency and reduce the risk of human error, given the large number of transactions and manual reconciliation tasks. The initiative follows Etihad’s successful deployment of Microsoft AI capabilities to support automated payment inspection earlier this year and is part of a continued partnership between the two firms to drive the adoption of artificial intelligence (AI) across the business. Read More>> Netflix announces plans to increase global footprint with deal to lease Longcross Studios The deal will see Netflix partner with asset management firm Aviva to operate and expand the Surrey film and TV complex, which has hosted major productions. The streamer has committed to a UK production budget of more than USD 1 Bn in 2021 across 60 productions. Read More>>Executive Movement Disney branded television appoints Ayo Davis as new president Davis will take on the creative and operational leadership of the content group as they plan on expanding the development and production of Disney-branded programming for Disney+ and linear networks. Read More>> Prateek Garg quits The Walt Disney Company He was Head of Corporate Development Direct-to-Consumer & International, APAC, and was among the last few remaining executives in Disney who were a key part of former Disney and Star India chief Uday Shankar’s team. Read More>>Mergers and Acquisitions IAC in talks to acquire Meredith Corporation for USD 2.5 Bn Earlier in May, Meredith Corp. sold its local media assets to Gray Television for USD 2.7 Bn. Read More>> Sony and Zee to form India’s largest entertainment merger If the deal goes through, it will create India’s second-largest entertainment network by revenue and spawn an entity with 75 TV channels, two video streaming services (ZEE5 and Sony LIV), two film studios (Zee Studios and Sony Pictures Films India) and a digital content studio (Studio NXT). Read More>>Partnerships LG Uplus boosts paid content service with Disney partnership LG Uplus signed an exclusive partnership with Disney to serve as the network operator for its over-the-top (OTT) media service in Korea, which is set to launch on Nov. 12. The tie-up will strengthen LG Uplus’ lineup of paid content offered via TV and mobile phones. Read More>> DISH Network Corporation and ADT partner to market, sell, and install ADT smart home security solutions The partnership will allow customers of DISH to access ADT devices and services, which will be offered and installed by DISH’s nationwide network of smart home experts. Read More>>
Latest Industry Insights from Draup Braindesk
Global Media & Entertainment Market Overview: The media and entertainment industry is changing at a rapid pace due to the proliferation of smart and connected devices such as smartphones, smart speakers, gaming consoles, and smart TVs and the increased adoption of the Internet.
Developed markets such as Europe and the United States are turning to advanced TV services for subscribers while emerging nations in Asia and Latin America are relying on pay-TV to grow.
Artificial intelligence is expected to impact the gaming sector, with consumers demanding an enhanced gaming experience, and this will present an opportunity for key players to invest.
The entertainment & media market has significantly benefitted from digital tools and platforms, facilitating efficient production, distribution, and content consumption, which is revolutionizing market growth.
Global Media & Entertainment Market Segments Overview
Note: The market size of Media & Entertainment segments are curated from news articles, journals and other similar sources. Draup used diverse methods and data sources in research and developed a detailed understanding of phenomena to estimate the market size of the Media and Entertainment Industry.
Key Funding Alert
RIL may invest USD 300 Mn in InMobi’s mobile content platform
The speculative development assumes significance since the platform will be able to provide curated content for the company’s upcoming mobile phone which has been developed with Google. The platform provides curated content including news and short videos on the phone’s locked screens. Read More>>
Startup Spotlight
Company – Genies Total Funding – USD 51.96 Mn About: Genies is a mobile app company that allows users to clone themselves. With over a million clothing and facial options provided, users can create their Genie to represent themself however they’d like. Read More>>
Latest Reports Published in Draup
Pinterest Account Intelligence Report: Pinterest focuses on introducing new digital advertising strategies. Pinterest also focuses on expanding its services as part of their investment in scaling global resources and hiring local talent to grow business to serve pinners, creators, and advertisers around the world. Read More>>
NBCUniversal Account Intelligence Report: NBCUniversal is keen to reinvent the viewing experience for audiences and create real business impact from small towns to worldwide. Furthermore, the company is keen on developing entertainment offerings and streaming the live program with exciting comic series, movies, news, sports, and refreshing adventure. Read More>>
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