11º Media, VideoGames, MarTech & AdTech. - 6th May
Analyst reports:
- UK ad spend for 2022. Link
News:
- Vice Media has taken steps to prepare for a bankruptcy filing if it cannot secure a buyer within the next few weeks. "Vice has been trying to sell itself for over a year, and has received interest, but its outsized valuation and debt have complicated sales talks. Potential buyers struggled to figure out how to manage the company's debt load, which had become heavier as interest rates climbed over the past year. The company has also explored selling itself in pieces." — Sara Fischer, Axios
- Amazon rolls out Fire TV Channels, its FAST video experience for Fire TV devices, after monthly hours streamed of FAST content grew 300%+ in the past six months (Sarah Perez / TechCrunch)
- Roku introduces new ad products, including use of contextual AI for automatically running ads next to relevant moments in shows and movies on The Roku Channel (Sarah Perez / TechCrunch)
- Netflix may have lost 1m users in Spain as it cracked down on password-sharing. Link
Startups raising funds
- Duetti, a New York-based music financing startup focused on independent artists, $32m from Viola Ventures, Viola Credit, Roc Nation, Untitled and Presight Capital. Link
M&A and Private equity deals
- Crestview Partners acquired a minority stake in Hollywood talent agency The Gersh Agency. Link
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