Amazon officially sealed the deal with MGM, acquiring the film and TV studio for $8.45 billion.
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Mergers and Acquisitions
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Discovery, Inc.’s shareholders have approved the pending acquisition of WarnerMedia. The deal is expected to close in Q2 2022.
Hulu to lose “next day” streaming access to NBC shows, Twitter to grow to 100M users by end of 2023, Substack launches reading app
Top subscription apps grew 41% in 2021, more PlayStation Spartacus rumors surface, anime services Crunchyroll and Funimation merge.
Video game developer Epic Games will buy Bandcamp, an online music store and artist-fan community.
Zip to buy Sezzle while regulatory pressure heats up, Tumblr offers ad-free experience, and API gets funding to help newspapers focus on digital-first.
Netflix announced it will acquire Next Games for $72M to expand its mobile game offerings for Android and iOS.
Subscription management platform acquires numberz and launches Chargebee Receivables to automate AR for subscription companies.
Alden Global Capital loses its second lawsuit against Lee Enterprises in two weeks in its hostile takeover attempt.
AMC Networks grows to 9M streaming subscribers, Nintendo updates subscription gaming service, why and when Gen Z will pay for news.
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