Entertainment | Pixr8 News

Tencent Games Launched New Games and Partnership

29Jun By AdityaNo Comments

CHINA

Tencent Games Launched New Games and Partnership

SHENZHEN, China, June 29, 2020-- Tencent Games, the world-leading game development, publishing, and operation platform, unveiled a new chapter in innovative gameplay and quality games with a roadmap of more than 40 game product updates, including new self-developed and licensed games with fan favorite intellectual property (IP). The announcement made at the Tencent Games Annual Conference held online this year, demonstrates Tencent's leadership role in adapting famous global franchises for cross-platform games. The event, with the theme "Spark More!", featured the introduction of Tencent Games' new self-developed games and collaborations with world-renowned IP owners, global game publishers and developers to offer new and exciting gaming experiences to players. Te...

Ferrari Collaborates with Armani over Merchandise, Entertainment & others

5Nov By PriyankaNo Comments

BUSINESS

Ferrari Collaborates with Armani over Merchandise, Entertainment & others

Sportscar maker Ferrari said Monday it was starting a fashion collaboration with Giorgio Armani as part of its long-awaited strategy to spread its brand to other sectors and squeeze more value out of it. CEO Louis Camilleri told analysts that Ferrari aims to earn 10% of earnings before interest and taxes in seven to 10 years from three new areas like apparel, entertainment and luxury services.The Italian company aims to both increase and retain a greater portion of the 800 million euros (USD 892 million) in products bearing the carmaker's name, the CEO said. "This is not just about profit, this is about enhancing our brand equity and the vitality and vibrancy of the brand," Camilleri said. He said Ferrari will focus the use of its brand, reducing licenses by half and eliminating ...

Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal

20Mar By PriyankaNo Comments

News

Walt Disney Acquire 21st Century Fox in $52.4 billion stock deal

BURBANK, Calif. & New York-- The Walt Disney Company to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build more direct relationships with consumers around the world and deliver a more compelling entertainment experience to consumers wherever and however they choose. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten ...

1Sep By AnkitaNo Comments

FUNDING

Playtoome Raises $281000 Funding From Venture Catalysts

Venture Catalysts, India's integrated incubator has announced investment worth Rs. 2 crores into Playtoome, a live entertainment destination, via Pre-Series A investment. Led by VCats angels, the funding round saw participation by Arihant Patni, serial entrepreneur Bhaskar Raju Konduru, Founding member of Red Bus & current CTO at Housejoy, Goverdhan Singh Jamwal, Chairman Kunwar Viyogi Memorial Trust, philanthropist and art and culture activist, Akhileshwaran Krishnan-Group CFO at Apollo Hospitals. The platform had earlier raised a seed round of funding of Rs. 1.5 crores from an Angel Investment firm Newport Holdings LLP, founded by Rangarajan Narayanan (Co-Founder EXILANT Technologies) and from HNIs including Ex Global commodity financial services leader Ramesh Sundaresan at OLA...

Paytm Acquires Alibaba-Owned Ticketing Platform For $40 Mn

23May By Sheldan RungasamyNo Comments

ACQUISITION

Paytm Acquires Alibaba-Owned Ticketing Platform For $40 Mn

Paytm, the leading Indian online payments company announced the acquisition of Orbgen Technologies Pvt. Ltd., the firm that operates TicketNew, a ticketing platform based in Chennai. The cost of the deal has not been disclosed yet, but according to stock based transactions, the deal is estimated to have cost between $30-40 million. The deal will see Paytm acquiring the business from Alibaba Pictures, the entertainment channel of Chinese giant Alibaba Group, which bought a majority stake in Tickenew barely a year ago. The acquisition was made as Paytm wishes to connect its 300 Mn customers to TicketNew partner cinemas, which will additionally drive Paytm’s utility and revenues. “We are on a mission to be the one-stop destination for all movie and entertainment ticketing needs. It is o...

18Apr By NitishNo Comments

FUNDING

Delhi Based GoldSeat Looking to Raise $3mn Funding

Delhi based offline entertainment app GoldSeat looking to raise $3 million funding to expand its operations further in India. Earlier GoldSeat has raised USD 160K worth funding. Founded in 2016, by Nischal Khetarpal & Gaurav Kapahi, GoldSeat has its application running across 250 buses which includes buses of Uttar Pradesh State Road Transport Corporation and also other private players across Northern and Western regions of India The company links all GoldSeat entertainment profile to a device installed in the bus which acts as a server to all the licensed content available for the travelers. The mobile app which is just 3MB in size can be downloaded from either Google Play or App store when the traveler's boards the bus and login using their Facebook id. The company is also i...

27Nov By PriyankaNo Comments

FUNDING

Sachin Tendulkar Backed Gaming Startup Smaaash Raises Funding

Cricket master-blaster Sachin Tendulkar backed virtual reality gaming startup Smaaash has raised $3.8 million funding from VC firm Sixth Sense Ventures. Mumbai based investor firm has invested this money which is the part of a larger round spread over by the next week. Post these rounds, the gaming startup is expected to reach a valuation of around a hundred million US dollars. “I believe SMAAASH will have an extremely interesting journey, being an entertainment player with a compelling product proposition and a futuristic global gaming play,” said Nikhil Vora, VC firm head. Vora has joined the company’s board of directors as part of the transaction. Also Recommended Bitcoin Soon To Embark $10,000 Cryptocurrency Craze Increases Elon Musk In His Bet, Built The Bi...

App Usage Grows 43℅ in India And Few Categories Lead in It

24Mar By AdityaNo Comments

News

App Usage Grows 43℅ in India And Few Categories Lead in It

43 per cent in 2016, with entertainment and finance categories witnessing highest traction, as per a study by Yahoos Flurry Analytics. "Indias app usage grew 43 per cent year on year. The India app usage grew at 92 per cent during the same period last year (2015)," the State of the App Nation in India study said. Messaging and social apps remain one of the most engaged categories in Asia and India. Time spent on messaging and social apps grew by an impressive 52 per cent in India compared to 44 per cent globally. Globally, app usage grew by only 11 per cent, it said. "The decelerating rate of global growth could signal market maturity, saturation or simply the end of the app gold rush. "Going back to Indias six-month mobile trend delay, theres no better time for local develo...

15Dec By PriyankaNo Comments

FUNDING

KKR-Backed Emerald Media, Premji Invest Lead $35 Million Funding Round in Amagi Media Labs

Emerald Media, the Pan-Asia company backed by leading global investment firm KKR for investing in the media and entertainment sector, today announced that it has acquired a significant minority stake in Amagi Media Labs (‘Amagi’), the leader in targeted TV advertising and cloud-based TV broadcast infrastructure. Premji Invest, the investment arm of Azim Premji, (an existing shareholder) is also participating in this combination of primary and secondary US$35 million Series D round. Mayfield India and Nadathur Holdings will continue to remain invested in the Company. Headquartered in Bengaluru with offices in New York City, London, and Hong Kong, Amagi is a next-generation media technology company providing cloud-based managed broadcast services and targeted advertising platforms to c...

TalentNext.com Raises $1 Million From Angel Investors

3Nov By NitishNo Comments

FUNDING

TalentNext.com Raises $1 Million From Angel Investors

TalentNext.com, an online platform that connects talent like actors and screenwriters with recruiters, has secured a second round of funding of USD 1 million from angel investors. Launched in July 2016, the platform focuses on providing recruitment within television, advertising, films and digital content. "Our aim is to support and augment the growth of promising talent across the country. This investment helps us expand to hundreds of cities across India and beyond the typical metropolitan and tier I regions," TalentNext.com CEO Shekhar Purohit said. According to Purohit, the talent discovery and recruitment platform has partnered with over 30 casting directors in Mumbai and has partnerships with industry bigwigs including Dharma Productions, OML, Culture Machine and Balaji Telefil...

Naspers Invests $60 Million in Online-Learning Startup Udemy

3Jun By NitishNo Comments

FUNDING

Naspers Invests $60 Million in Online-Learning Startup Udemy

Udemy, a global marketplace for learning and teaching online, today announced a strategic investment of $60 million from Naspers through its Naspers Ventures division. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors. Udemy plans to use the new capital to continue its strong international momentum, including growing its localized course content library and product offerings to meet the global demand for online learning. The investment is a follow-on to Udemy’s $65 million Series D round of financing from June of 2015. Over the past year, Udemy has experienced significant growth, particularly among its international business. With more than 40,000 courses now available in 80 different languages, Udemy offers the largest selection of online course content. ...