Saturday, February 22, 2020

Entertainment

Karma explores how today’s fragmented entertainment landscape is disrupting legacy media business models in terms of development, financing, production, distribution, and promotion, and the effects and implications on popular culture and society. 

Slow Shift: WNBA to Appear in NBA 2K Gaming Franchise for the First Time

It took two decades, but the women of the WNBA are finally taking to the NBA 2K basketball court as a part of NBA 2K20, a video game that Take-Two Interactive Software, Inc. will release Sept. 6. This marks...

Battle Royale: Singularity6 Bets That Virtual Worlds Will Outgun Social Networks

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Key Takeaway: Virtual gaming worlds may become social networks of the future; they’re being watched by investors as usage slows in battle games like Fortnite.

Next Up, Video Gaming — Cloud Streaming Replacing Hardware, M&A Rolls On, Survey Says

Karma_News Summary_Cloud gaming
It seems only one thing isn’t changing in the gaming industry -- disruption. “Companies… know they need to evolve,” ran across the top of EY’s gaming survey this week.  Constant disruption is sparking growth and consolidation, with cloud-based streaming...

Shop Sustainably This Cyber Monday with These Companies

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It’s the most wonderful time of the year for e-commerce. Monday, December 2 marks the 14th year that Cyber Monday will dominate holiday spending. This season, Americans are projected to spend over $143.7 billion on online purchases, marking a...

Dubai to Host Concert Promising Zero Carbon Emissions — Using Controversial Fuel

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A Dubai concert is promising to Rock the World but not the planet. Still, the show is being powered by a controversial fuel that some say isn’t so green. Organizers of Rock the World/Save the Planet are marketing the...

Meditation’s Music Play: Who Will Succeed in Bringing Mindfulness to Mainstream?

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Jack Dorsey, the founder of the loudest and at times the most rambunctious of social media giants Twitter, spent his birthday on a silent meditation retreat in Myanmar in 2018. Twitter users snickered and tech journalists still make fun...

FaZe Clan Adds First Female Member in Boost for Esports Gender Parity

One of the world’s most popular esports organizations, FaZe Clan, signed its first female member: Fortnite player Soleil “Ewok” Wheeler, who is 13 and a student at the Indiana School for the Deaf.   Wheeler, FaZe Clan’s first deaf player,...

CAUSEBOX: An Ethical Model for Subscription Box Success

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Until relatively recently, the term “subscription box” brought to mind those “Cheese of the Month” clubs that sent a brick of Brie or bleu to your doorstep once a month for a year. But since 2011, the model has evolved well beyond...

Taylor Swift Asks Carlyle Group to Help Free Her from ‘Tyrannical Control’ Over Her Music

Karma_News Summary_Taylor Swift Carlyle
Taylor Swift doesn’t want to calm down. Her Thursday night appeal on Twitter is the latest and one of the most high-profile moves by a female entertainer in Hollywood to assert her independence and control over her own music.

The Power of Toddlers: Why Streaming Giants Need to Take Kids’ Content Seriously

Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. Netflix has made only four acquisitions in its history: the comic book company MillarWorld, Albuquerque’s ABQ Studios, the historic Egyptian Theatre in Hollywood, and now small children’s...

Not All Fun and Games: Online Play Increasingly Luring Kids for Sexploitation

Karma_News Summary_Online gaming safety
The virtual world your kid constructed in Fortnite may have an unseen threat built in -- sexual predators reaching out through the chat box. Just before the holiday season, when billions of dollars will be spent on games, authorities...

Instagrammable “Experiums” Connect People with Brands, Social Media — Not Each Other

It’s been three years since Museum of Ice Cream -- what might be considered the case study for pop-up Instagram havens -- opened its sugary doors. Now, co-founders Maryellis Bunn, called  “Millennial Walt Disney” by New York Magazine, and Manish Vora are...

Nike May Risk Customer Alienation with Data-Focused Acquisition

With Nike’s recent acquisition of Celect, an AI-driven predictive analytics company, the retail giant has the potential to transform its business from shoes and clothing to data. But privacy pitfalls lie ahead, and how customers feel about their buying patterns being monitored...

Epic Games Buys Houseparty to Combat Gen Z’s “Loneliness Epidemic”

Generation Z is on “the precipice of a loneliness epidemic,” according to Sima Sistani, co-founder and CEO of the “face-to-face” video chat app Houseparty. The video app aims to help ease that loneliness. This week Houseparty announced that it...

Immigrant Social Network Homeis Raises $12M to Expand to U.S.’s Latino Communities

Moving to a new country is scary, complicated, and fraught, and immersing oneself in a strange culture adds layers of dissonance and complexity.  Homeis, a social network for immigrants, is aiming to tame that beast. On Tuesday, Homeis announced...

Violet Grey’s Curation Model May be the Future of Conscious Consumption

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The deluge of advertisements that come with the holiday season often drown out any cautionary notes about over-consumption. But that may be changing, as the influence of Instagram and the less-is-more shopping habits of millennials and Gen Z push the purchasing conversation...

Earios Takes on the Male-Dominated Podcast Network Space

A trio of female entertainment industry veterans have started a podcast network catering to women, carving out a niche as the nascent format expands rapidly and attracts bigger advertising dollars.  Former comedy agent Priyanka Mattoo joined writers and actresses...

TikTok Scrutiny Highlights ‘Deep Systemic Risk’ For All Chinese Apps: Experts

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This week TikTok generated a lot of headlines and regulatory scrutiny from U.S. lawmakers, but the issue goes beyond TikTok. Security experts and lawmakers painted a gloomy picture of cyber espionage and security threats paused by the Chinese companies...

TikTok Faces U.S. Army Security Assessment as Scrutiny Increases; Cadets Told to Not Use App

Karma_News Summary_TikTok under U.S. Army scrutiny
TikTok can now add the U.S. army to the range of American critics looking into privacy and security concerns related to the popular Chinese video app.Army Secretary Ryan McCarthy said a security assessment will be done of the app, which has been...

As Loneliness Hits Crisis Level, BetaDwarf Gets $6.6 Million For “Friendshipping” Games

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Critics of online games say they isolate people and foster loneliness, which researchers have tied to a range of social problems.   But Copenhagen-based games creator BetaDwarf says its popular “friendshipping” games Forced, Forced Showdown and most recently, Minion Masters,...

Apple, Google, Pandora Face Patent Lawsuit From Firm that Previously Sued Rivals

Apple, Google, and Pandora were sued last week for allegedly infringing on patents owned by  Post Media Systems in their online music services, in what may be the latest example of so-called patent trolls seeking to make profits through the legal system.

Imgur Investment May Open Revenue Streams for Meme Creators

As consistent advertising revenue becomes harder to come by, micropayments are growing as a way for meme-makers and other independent creators to get paid. Meme-hosting site Imgur secured its second big funding round, a $20 million investment from micropayments...

Trufan Acquires SocialRank as Demand for Audience Info Soars

Karma_News Summary_Trufan acquires SocialRank
Trufan, which helps companies market to niche audiences, has purchased audience analytics firm SocialRank to bolster its position as a social intelligence platform. Swish Goswami, Trufan’s 22-year old founder and CEO, said that the combination will bolster his company’s...

One Year After a “Crazy Idea,” Impact-Focused Film Festival Kicks Off in New York

Karma_News Summary_ESG & Impact Forum Film Festival
This time a year ago, Matt Ackermann had what he calls a “crazy idea.” This idea became ESG & Impact Forum, which opened with a film festival on Wednesday showcasing 12 short documentaries and social-impact solutions from around the...

Wondery’s $10 Million Highlights Promise, Pitfalls of Podcast Industry

Wondery, the podcasting company that spawned the hit TV show “Dirty John,” announced a $10 million private equity cash infusion in a move that highlights rapid growth in the nascent corner of media as well as challenges to reach wider audiences.

YouTube’s Kid Issue Isn’t Just a YouTube Problem — It’s the Internet’s

YouTube is in the hot seat again for child safety shortcomings. Last week, The Washington Post revealed that YouTube was in the late stages of a Federal Trade Commission investigation launched following complaints from consumer groups that the site...

Music Modernization Act Brings a Level of Fairness to the Industry — But There’s Still Further to Go

Last week, Taylor Swift’s master recordings were sold to music entrepreneur Scooter Braun, reigniting uproar surrounding artists’ rights in the age of streaming.  Music streaming services like Spotify and Apple Music have long been criticized for skimpy payouts to...

Comcast Champions Media Accessibility with New Eye Control TV Feature

Comcast launched an eye control feature for its Xfinity X1 cable service that it says makes television more accessible for people with disabilities. According to Quartz, Comcast is the first American entertainment company to offer full eye control capabilities to customers.

Welcome Friendshipping: Developer BetaDwarf Sees Videogames as a Solution Not a Cause of Loneliness

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Key Takeaway: Danish online games developer BetaDwarf believes that a new type of game encouraging teamwork will bring people closer together. So-called friendshipping games counter prevailing wisdom that online games isolate people...

Big 4 Networks Sue AT&T-Backed Nonprofit Locast Over Free Web TV

A nonprofit backed by AT&T and Dish that claims to “Free Your TV” by offering free streams of broadcast networks’ local programs, was hit with a lawsuit this week in what may be a test of its ability to bypass networks’ traditional...
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