Games/Entertainment

Universal Music Group Reports Nearly 6% Q1 Revenue Growth After a New Deal With TikTok

The generated revenue of Universal Music Group rose nearly 6% during the first quarter of 2024.


Sony, Apollo Bid $26 Billion in Cash for Paramount Global Amid Company's Potential Skydance Merger

Sony and Apollo bid $26B in cash for Paramount Global amid potential Skydance merger. Competing with Skydance, the deal may reshape the entertainment industry landscape...

Taylor Swift, Drake, and Other UMG Artists Return to TikTok Following New Agreement on Licensing and AI

Universal Music Group (UMG) and TikTok have resolved their recent dispute through a new licensing agreement...

BTS Agency HYBE Posts Lower-Than-Expected Q1 Profit, Blames Artist Hiatus and Rookie Group Expenses

K-pop agency HYBE reported on Thursday a disappointing lower-than-expected profit for the first quarter of 2024...


Latest News

Washingon gaming firm Valve expects virtual reality to flourish in two years
Michael Abrash, virtual reality researcher at Washington-based gaming firm Valve, said he expects amazing and consumer-friendly virtual reality products to be on launched on the market within two year
Paramount Pictures to go solely digital in movies- sources
Industry insiders told the Los Angeles Times that Paramount Pictures will be retiring the 35-millimeter film and will be distributing movies in the digital format.
NBC Universal picks up minority stake in Canadian TV producer Lark
New York, US-based media firm NBC Universal International Television Production picked up a minority stake in Vancouver, Canada-based independent TV producer Lark Productions for an undisclosed amount
Israel's PowerUp Toys raises over $1M for smartphone-controlled paper plane
Tel Aviv, Israel-based startup PowerUp Toys raised over $1 million via crowdfunding platform Kickstarter for a smartphone-controlled paperplane, with still eight days to go for the campaign.
US games chain Chuck E. Cheese's board approves $950M leveraged buyout deal
The board of Texas, US-based games and restaurant chain Chuck E. Cheese's approved its acquisition by an affiliate of investor Apollo Global Management in a $950-million leveraged buyout deal.
World's first M&A game app launched in New York
Anyone who has ever been involved in mergers and acquisitions (M&A) will want to download and start -- and won't be able to stop -- playing the world's first M&A game app, launched today by pioneering
Apple to pay back $32.5M for in-app purchases
California, US-based tech giant Apple Inc signed an agreement with the Federal Trade Commission (FTC) to pay out at least $32.5 million as refund for the parents of kids who racked up big in-app charg
Kontagent secures $4.8M financing
Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.
Cineworld to takeover Poland's Cinema City for over £500M
UK's Cineworld Group will acquire Polish movie theater chain Cinema City International for a little over £500 million, becoming the new cinema mogul in Europe. If the deal pushes through, Cineworld wi
Cheng Yu-tung's International Entertainment Corp to pay HK$7.35B for Macau's Sun City Gaming Promotion Co
International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.
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