Media +Technology Intelligence
In its latest move to placate European competition regulators, Google has offered a set of commitments to France’s antitrust watchdog — in the hopes of settling a costly (for it) intervention over legally mandated payments for displaying snippets of news publishers’ content. Source: Google offers behavioral pledges on news payments in France to try to Read More …
Amid a growing gulf between haves (anything Marvel) and have-nots (‘West Side Story’), distribution chiefs are making difficult calls on which titles to send to streaming as early as 45 days after a theatrical run begins. “There is no cookie-cutter approach anymore,” opines one studio exec. “I personally believe in the theatrical window, and there Read More …
The centuries-old art auction house Sotheby’s reported that it earned $100 million from non-fungible token (NFT) sales this year. The auction house held its first NFT sale from the digital artist Pak between April 12-14, which brought in $16.8 million from 3,000 buyers. Since then, Sotheby’s sold an NFT of the original World Wide Web source code for Read More …
A buzzy new music startup called Sound.xyz has raised a $5 million seed round, with contributions from Andreessen Horowitz (a16z), Variant Fund, Li Jin’s Atelier Ventures, a handful of crypto angels and artists like Holly Herndon, 21 Savage and DJ Drama. Sound’s pitch has to do with helping musicians make a living via crypto – specifically, Read More …
There was a time when the biggest companies in digital media seemed to be on the verge of selling for billions of dollars. But, those huge values have so far proved largely theoretical. With the exception of German media conglomerate Axel Springer’s decision to pay about $1 billion this past summer to buy Politico, few buyers were Read More …