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Musk not joining Twitter board

Elon Musk will not be joining the board of Twitter, the company’s chief executive Parag Agrawal has confirmed. Musk’s appointment was due to become effective on April 9th after he acquired a 9.2 per cent stake in the social media platform last week. However, Agrawal tweeted: “Elon shared that same morning that he will no […]

April 11, 2022

Musk acquires 9.2% stake in Twitter

Elon Musk has taken a 9.2 per cent stake in social media platform Twitter, according to a US securities filing. The announcement sent Twitter shares soaring by more than 27 per cent in New York trading on April 4th. The SpaceX and Tesla CEO owned 73,486,938 shares in the social media platform as of March […]

April 5, 2022

Eleven Taiwan, Twitch partnership

Eleven Taiwan has partnered with the streaming platform Twitch ahead of the new Taiwan baseball season, to make its live match coverage more accessible to fans. Eleven Taiwan holds the rights to all home matches for the Chinese Professional Baseball League (CPBL) for the Rakuten Monkeys, Wei Chuan Dragons and Uni-President 7-Eleven Lions. Games are […]

April 1, 2022

Report: Consumers winning the streaming wars

This year’s Digital media trends survey from Deloitte reveals that media companies in the US are now feeling more turbulence from the deeper currents shaping consumer behaviour. After 15 years of growth, SVoD services have successfully unbundled video, lowered costs to consumers, and ignited fierce competition among providers. Top SVoD services are consolidating content and […]

March 30, 2022

Ofcom: 30% internet users don’t question misinformation

More than a third of UK internet users are unaware that online content might be false or biased, according to research from media regulator Ofcom. Every minute sees 500 hours of content uploaded to YouTube, 5,000 videos viewed on TikTok and 695,000 stories shared on Instagram. Given the sheer volume of information at the touch […]

March 30, 2022

WWE, Fanatics digital partnership

WWE and Fanatics have announced a long-term sports and entertainment partnership that will see Fanatics utilise its expanded digital sports platform to create a new, enhanced experience for WWE fans globally across several businesses, including e-commerce and licensed merchandise, as well as physical, digital, and non-fungible token (NFT) trading cards. Through the deal, WWE will […]

March 28, 2022

Research: TikTok, Twitch lead sports social consumption

Sports fans are eager to play a role in creating content and new video-based social media platforms are proving popular with them, according to data from Nielsen. Worldwide usage of TikTok and Twitch for sports news and content grew by 30 per cent and 21 per cent, respectively, between April 2020 and August 2021. This follows a […]

March 25, 2022

McMahon, Snoop join FaZe Clan board

FaZe Clan, the lifestyle and media platform rooted in gaming and youth culture, has announced its Board of Directors to take effect upon consummation of FaZe Clan’s planned merger with B.Riley Principal 150 Merger Corp, a publicly listed special purpose acquisition company. The merger is expected to close in the first half of 2022. “We […]

March 23, 2022

Monterosa raises £3.5m

Monterosa has raised £3.5m (€4.2m) of growth capital to accelerate development of its real-time engagement (RTE) platform and drive the company’s expansion into new global markets. The funding was led by 24Haymarket and included existing investor ACF Investors, plus a trio of new investors including Jeremy Darroch, former CEO and Executive Chair at Sky, Chris […]

March 22, 2022

Survey: Brits makes 250min of video calls per week

Two years on since working from home was first introduced, research from Sky Broadband reveals that Brits have reached an era of balance, as the majority of office workers now spend three days a week working in the office, and the other two working remotely. The new ‘3:2 week’ has had a positive impact, with […]

March 22, 2022