The global Entertainment & Media (E&M) industry has regained its momentum, with revenues outpacing the economy as a whole. The US$2+ trillion industry is on track to grow 6.5% in 2021 and 6.7% in 2022, fueled by strong demand for digital content and advertising. The renewed growth follows a challenging 2020, when in-person entertainment plummeted,…
Xfinite and Eros Now, a leading over-the-top (OTT) South Asian entertainment platform owned by global entertainment company Eros STX Global Corporation announced it has deepened its partnership with Xfinite’s Mzaalo platform, a gamified video streaming service on track to have 10M users by year-end. The partnership further establishes Eros Now’s footprint in advertising video-on-demand (AVOD),…
AT&T Inc and Discovery Inc has announced a definitive agreement to combine WarnerMedia’s premium entertainment, sports and news assets with Discovery’s leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company. Under the terms of the agreement, which is structured as an all-stock, Reverse Morris Trust transaction, AT&T would…