French media giant Vivendi sales rise 7.9% to $2.56 bn
... rates and excluding acquisitions, driven by pay-TV and advertising operations, it said on Monday. Revenue went up to 2.38 billion euros $2.56 billion from 2.1 billion a year ago. Pay-TV Canal Plus, now the company's biggest asset after the spin-off of Universal Music Group , increased sales by 6% to 1.45 billion euros. The group's publishing division Editis, sales of which fell by 1.7% in the quarter, is among the assets being reviewed by the EU antitrust authorities as Vivendi seeks to acquire French media and ...
Updated: 04/25/2022
Avatar company Genies raises $150 million in latest funding
... Ventures , the investment arm of Coinbase Global Inc COIN . Celebrity investors in the company include Camila Cabello , Paris Hilton and Priyanka Chopra. The company has partnerships with several celebrities and leading music companies, including Universal Music Group and Warner Music Group Corp. WMG. Genies has a 99% market share for celebrity avatars and has creators that include Justin Bieber, Migos, Cardi B and J Balvin. We're excited to partner with Akash Nigam's co-founder Evan Rosenbaum and the entire ...
Updated: 04/13/2022
Mahindra and Mahindra enter NFT space with its first tranche
... will be a one-stop platform for all digital assets and collectables of the Mahindra group. Mahindra and Mahindra will become the second auto major in India to enter the... ... thrill of 4 x 4 motoring, the carmaker announced. The entry of Mahindra into the NFT universe is part of the company's plan to maximize the potential of digital marketing... ... based on digital assets from different fields like arts, crafts, gaming, entertainment, music and sports have gained immense popularity in the last few years.
Updated: 03/29/2022
Spotify suspends service in Russia over censorship laws
... information providers. SPOTIFY AT LEAST $200 MILLION Earlier this month, Live Nation Entertainment Inc. , the world's largest concert promoter and ticketing service via Ticketmaster , said it would no longer put on shows or do business in Russia. Universal Music Group NV , Sony Group Corp.'s Sony Music Group and Warner Music Group Corp. have suspended operations and closed offices in Russia, adding to the cultural sanctions that global entertainment companies are making to isolate Russia economically and culturally ...
Updated: 03/26/2022
Former Disney chairman Bob Iger joins Genies board
... end of 2021, as the former Disney chairman Bob Iger is joining the board of the company. The Genies, popular among celebrities such as Jennifer Lopez , Lil Nas X and Rihanna , said it owns 99% of the celebrity avatar market share, and includes Universal Music Group and Warner Music Group as clients, for which it also makes NFTs or non-fungible token. I've always been drawn to the intersection between technology and art, and Genies offers unique and compelling opportunities to harness the power of that combination ...
Updated: 03/22/2022
Universal Music buys cartoon apes to create virtual band
... Bond Universal's 10: 22 PM label said it paid $360,817 for Universal Music Group is taking over the world of digital collectibles by buying one of the cartoon apes that have taken the world of digital collectibles by storm to lead an entirely virtual music group. Universal's 10: 22 PM label said it paid $360,817 for Bored Ape 5537 - a female character now known as Manager No t All, to lead the group it founded in November called Kingship. Kingship, which is only available in digital form, will have its own website ...
Updated: 03/21/2022
5 ways fashion and entertainment industries are already using the metaverse
... looking at the pinnacle of futurism — the metaverse — to broaden their portfolios. Music, art, fashion, and music industries are flocking to the virtual world to expand... ... NFTs, but many companies are already using the metaverse - a virtual reality based universe to promote their products and services. With COVID 19 forcing countries to... ... and artists so that their work can be easily discovered and monetised. Warner Music Group's concert theme park, The Warner Music Group WMG , announced recently that it...
Updated: 03/21/2022
Wall Street may have a busy week ahead
... After the bell and the Chicago Fed's national activity index, earnings will be released from FAT Brands , Nike and Tencent Music Entertainment. Raphael Bostic will be speaking on Labor Markets and the Economic Outlook before the National Association ... ... Brussels on the European Union leaders' summit amid the ongoing conflict between Russia and Ukraine. The week will be Movado Group earnings before the market open, and the University of Michigan consumer sentiment index, pending home sales and the final reading on 5 year inflation expectations. The ...
Updated: 03/20/2022
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