Loco, an Indian streaming platform for video games, received $9 million from investors including South Korean gaming company Krafton Inc. in its first fundraising effort to capitalize on the growing popularity of games...
Viacom18 and Zee Entertainment in early merger talks
Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Subhash Chandra’s Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm...
Amazon to buy Hollywood studio MGM for $8.45 billion, with debt
Amazon.com Inc. has agreed to buy the Hollywood studio MGM Holdings for $8.45 billion, including debt, in a deal that would turn a film operation founded in the silent era into a streaming asset for the e-commerce...
AT&T to create a streaming giant with Discovery by merging media assets
AT&T Inc. is preparing to spin off its media business and merge it with Discovery Inc. in a tax-friendly deal, according to people with knowledge of the matter, a surprise reversal for a company that spent $85...
Amazon in talks to buy MGM movie studio: The Information
Amazon.com Inc is in talks to acquire the iconic U.S. movie studio MGM, The Information reported on Monday, citing a person familiar with the matter. The status of Amazon’s discussions with MGM is unclear and it...
French TV group TF1 to buy 30% of M6 – Le Figaro
French construction group Bouygues and its broadcasting unit TF1 plan to buy 30% of the shares of TV group M6 being sold by Germany’s Bertelsmann, French daily Le Figaro reported on its website. Bertelsmann would hang...
The first major acquisition by Netflix ought to be Discovery
The streaming entertainment wars are leaving smaller programmers and studios faced with the inevitability of selling to one of a handful of companies set to dominate the world of online video subscriptions: Amazon.com...
Mobile Premier League acquires GamingMonk; launches Esports Arena
Esports and skill gaming platform Mobile Premier League (MPL) on Tuesday said it has acquired esports gaming platform GamingMonk for an undisclosed amount. GamingMonk hosts esports tournaments across multiple platforms...
ByteDance’s gaming unit Nuverse acquires C4games
China’s ByteDance said on Wednesday that its gaming unit Nuverse has acquired C4games, as it seeks to further expand into the video games business. The acquisition of the video games studio comes as ByteDance, owner of...
ByteDance acquires gaming studio Moonton at around $4 billion valuation: sources
ByteDance said on Monday its video games unit Nuverse has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. The deal values the gaming studio...
Nodwin Gaming raises ₹164 cr funding from PUBG creator Krafton
Esports firm Nodwin Gaming has raised Rs164 crore in equity investment from South Korean gaming firm Krafton which has picked up a minority stake in the company. Krafton is best known for intellectual properties and...
PVR to invest up to ₹150 crore in cinemas
Multiplex chain PVR Ltd plans to invest between ₹100 crore and ₹150 crore in setting up properties in the coming year, despite the losses of the pandemic and the struggle of the cinema exhibition industry in getting...
