Reddit filed its S-1 last week and is set to take the bold step of being the first venture-backed public listing of 2024. If successful, Reddit has the power to open the IPO window for other late-stage startups anxiously waiting in the wings. But to have any chance of sparking an exit trend, it needs
Month: February 2024
As streaming apps and services are gradually showing more ads to viewers, adtech startup Vibe plans to help small businesses take advantage of that trend by letting them access that ad inventory with a self-serve ad platform like the ones small businesses use to run ads on Google’s or Meta’s services. The startup recently raised
Reliance, its portfolio Viacom18 and Disney are merging their media businesses in India, creating the largest media entity in the world’s most populous nation. Reliance, which will control the joint venture, directly owns 16.34% of the merged entity, which it has valued at $8.5 billion. Disney will own a 36.84% stake in the merged entity,
The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challenges to Netflix, Amazon’s Prime Video, Apple, Sony and Zee. The merger, which is scheduled to complete
Anamorph, a new filmmaking and technology company, announced its launch today. The startup, founded by filmmaker Gary Hustwit and digital artist Brendan Dawes, wants to reshape the cinematic experience with its proprietary generative technology that can create films that are different every time they’re shown. Anamorph revealed its innovative technology at the 2024 Sundance Film
There’s plenty of GenAI-powered music editing and creation tools out there, but Adobe wants to put its own spin on the concept. Today at the Hot Pod Summit in Brooklyn, Adobe unveiled Project Music GenAI Control, a platform that can generate audio from text descriptions (e.g. “happy dance,” “sad jazz”) or a reference melody and
Recurring revenue is pretty much the holy grail for any business — it’s precisely why Apple has segued towards being almost as much a services company as it is a hardware company, with 20% of its revenue now emanating from Apple TV+, Apple Music, iCloud, among an array of other subscription and non-subscription-based services. The
Everyone has a story in them, as someone famous once said. A startup called Inkitt believes that it can use AI to turn the strongest of these into blockbusters and to build a new “Disney” for the 21st century around that content. Now, it’s raised $37 million in aid of that ambition. The startup’s eponymous
BLKFAM is a free, ad-supported, Black-focused family streaming service launching today to give Black Americans access to more than 1,000 hours of new kid-friendly animation titles, as well as content for the entire family, including sitcoms and reality shows, fitness and wellness series, news, music-driven content and more. Whoopi Goldberg is an equity investor in
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With the European Commission set to rule on Spotify’s complaint focused on competition in the streaming music market, there are hints that the ruling will not be in Apple’s favor. This week, the Financial Times reported the EC will issue its first-ever fine against the tech giant for allegedly breaking EU law over competition in
Facebook, Instagram, Snap, YouTube and other social networking companies offer programs to connect creators with brands, and now Spotify is doing the same. The company announced the launch of AUX, its new in-house “music advisory agency” for brands. While not necessarily a creator marketplace, the program has a similar aim — it will facilitate connections