Tech

Redbox, the struggling DVD-rental kiosk operator and video streamer, is now part of Chicken Soup for the Soul Entertainment — the streaming aggregator that gets its name from the best-selling series of self-help books. Chicken Soup for the Soul Entertainment announced Thursday that it has completed the acquisition of Redbox Entertainment in an all-stock transaction
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Jennifer Aniston has teamed with Web3 animation studio Invisible Universe to develop a character, Clydeo, inspired by her real-life dog, Clyde. The “Friends” and “Morning Show” star has also participated with a number of other industry boldface names in the $12 million Series A fundraising round for Invisible Universe. The capital campaign for the content
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One headline number out of Disney’s quarterly results Wednesday seemed to show a notable milestone: The Mouse House had 221.1 million total subscriptions worldwide across its streaming services (Disney+, Disney+ Hotstar, Hulu and ESPN+). On that individual metric, that means Disney is now just ahead of Netflix, which ended Q2 with 220.7 million total paid
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After nearly 12 years at Meta and Facebook, Nick Grudin is leaving the social-media giant. Grudin next month will join NFT digital-collectibles company Dapper Labs as chief business officer. Most recently, Grudin was VP of content and community partnerships at Meta, where he oversaw global partnerships and content across the company’s creator ecosystem, media, entertainment,
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Spotter, a startup that pays YouTube creators cash for the right to monetize their video libraries, hired Galvea Kelly as its first chief marketing officer. Kelly most recently served as CMO for Collective, an online concierge back-office platform for self-employed workers in the U.S. The award-winning marketing exec has also held global leadership positions for
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UPDATED: Twitter appeared to briefly suffer wide-scale technical problems again Tuesday, as thousands of users reported problems accessing the service. Users error reports for Twitter spiked on service-monitoring site Downdetector at about 2 p.m. ET Tuesday, with more than 15,000 complaints. By 2:07 p.m., that number had more than doubled. At 2:32 p.m. ET, Twitter’s
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The filmmakers behind indie action-thriller “Fall” were facing kind of a big freaking problem. Lionsgate wanted to pick up the movie for U.S. theatrical release. But “Fall,” a vertiginous white-knuckler about two young women who are in danger of plunging from the top of a 2,000-foot-tall radio tower, was rife with F-bombs — which would
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Robert Downey Jr. is executive producing “The Sunshine Place,” an investigative podcast series about Synanon, the California-based experimental drug rehab facility and community that morphed into a dangerous and violent cult. It’s the first podcast production for Team Downey, the entertainment company formed by Susan Downey and Robert Downey Jr. The eight-part series comes from
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The upstart sports brand Overtime announced a Series D round of funding to the tune of $100 million, with Liberty Media Corp. joining its long roster of investors. In an interview for the latest episode of the Variety podcast “Strictly Business,” Dan Porter, CEO and founder of Overtime, pledged to grow the company’s existing leagues in basketball
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Snap, after reporting second-quarter results that missed already-lowered Wall Street forecasts, is in the “early stages” of planning for a wave of layoffs, The Verge reported, citing anonymous sources. Snap declined to comment. As of the end of June 2022, the social messaging and media company had 6,446 full-time employees, up 38% year over year.
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Jake Paul, pugilist and popular digital influencer, is throwing his hat into the wagering world. Paul, 25, teamed with betting-industry vet Joey Levy to form Betr, billed as the first direct-to-consumer micro-betting focused sports betting company, The Miami-based startup says it has raised $50 million in funding from a long list of investors including Travis
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Axios Media has been acquired by Cox Enterprises in a cash deal said to value the digital news company at $525 million. Media and advertising firm Cox Enterprises had taken a minority stake in Axios in November 2021. The $525 million deal price is about five times Axios’s projected 2022 revenue of more than $100
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Maximum Effort, the production and advertising company co-founded by Ryan Reynolds and George Dewey, inked a multiyear, first-look deal for unscripted content deal with subscription-TV streamer FuboTV. FuboTV will issue Maximum Effort $10 million worth of shares of common stock in the company, “as part of the overall consideration for Maximum Effort’s participation in the
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Amazon Prime Video’s Italian original series “Prisma,” which launches on Aug. 10 from the Locarno Film Festival, sees the streamer revisit the theme of gender identity fluidity after “Transparent” while catering to a young adult audience and also connecting with Italy’s neorealist roots. The eight-episode show (watch exclusive clip) – which marks the first TV
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Five years almost to the day after it began, Hollywood’s evangelistic fervor for streaming has been extinguished this week by the “Batgirl” imbroglio.  Warner Bros. Discovery’s decision to scrap the completed DC Comics film that was bound for HBO Max marks the boldest example of Old Media economic rigor being applied to contemporary content spending. 
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CAA is keeping an eye on NFTs — and other new digital acronyms that represent some of the new methodologies Hollywood is using to distribute entertainment. Joanna Popper has been named Chief Metaverse Officer at the large agency, tasked with setting strategy and business priorities for CAA and its clients as entertainment and media companies
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Net earnings at Alibaba, the Chinese e-commerce giant and media owner, dropped by 50% to $3.40 billion (RMB22.7 billion) in the three months between April and June, the first quarter of its current financial year. Revenues were unchanged at $30.7 billion (RMB206 billion). Using Alibaba’s preferred non-GAAP methodology for calculating profitability, the quarter’s net earnings
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