Media +Technology Intelligence
Mark Zuckerberg’s controversial cryptocurrency initiative is dead in the water amid resistance from the Federal Reserve — and Meta is looking to sell off its crypto assets altogether, according to a report. The Diem Association — a crypto project formerly known as Libra that has been backed by the parent company of Facebook and Instagram Read More …
AT&T topped Wall Street estimates for the fourth quarter of 2021, with WarnerMedia revenue gains driving top-line results — helped by strong growth of HBO Max — although the division’s operating income dropped 38% on higher costs. The company also announced that it expects the WarnerMedia spinoff and merger with Discovery to close in the second quarter Read More …
‘They can have Rogan or Young. Not both.’ Read More …
The Spanish Competition Authority (CNMC) plans to initiate antitrust proceedings against Spanish Authors society SGAE, for alleged “abuse of dominant position.” The investigation is being launched at the request of Unison, a Barcelona-based Independent Management Entity (IME) organization. Source: Spanish competition authority to open antitrust case against authors society SGAE
New York-headquartered digital collectibles platform Blockparty has struck its first major label partnership with Warner Music Group (WMG). The news follows WMG’s NFT-related global partnership in April last year with Genies, which dubs itself “the world’s largest avatar technology company.” Blockparty claims to have created “a new class of digital collectibles across art, music, and sports” which it Read More …