Media
Sony and the Lego family bet big on the ‘metaverse’ with $2 billion investment in Epic Games
The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion in the company, Epic announced […]
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Chinese gaming stocks jump as regulator approves new titles after months-long freeze
China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved […]
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Apple lets you watch MLB games for free now so it can sell you another iPhone later
Max Scherzer #21 of the New York Mets delivers a pitch in the third inning against the Miami Marlins in the Spring Training game at Roger Dean Stadium on March 21, 2022 in Jupiter, Florida. Mark Brown | Getty Images Starting Friday, Apple TV+ will stream a doubleheader of MLB games each week. For the […]
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Who loses if JetBlue buys Spirit? Comedians
Travelers check in for a Spirit Airlines flight at Orlando International Airport on the Friday before Memorial Day. Paul Hennessy | Lightrocket | Getty Images JetBlue’s surprise $3.6 billion cash bid for Spirit is threatening the latter’s plan to merge with Frontier into a discount airline behemoth. It’s also threatening one of comedians’ favorite sources […]
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UFC, Formula 1 and WWE could be the next acquisition targets for streaming giants
(L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images In 2016, before Ultimate Fighting Championship sold for $4 billion to the company that […]
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Tencent shuts down its rival to Amazon’s Twitch months after China blocked key $6 billion gaming merger
Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty […]
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NFL, MLB and players unions lead the latest round of investment in rapidly growing Fanatics
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | Getty Images The NFL, other major sports leagues, players unions and team owners are leading the latest round of investment in […]
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Here’s how NFL star Bobby Wagner negotiated his $65 million deal with the Rams
Bobby Wagner #54 of the Seattle Seahawks interviews after practice at Training Camp on July 29, 2021 in Renton, Washington. Alika Jenner | Getty Images NFL linebacker Bobby Wagner wanted another challenge as he prepares for life after football. So he represented himself on the 2022 free agent market after he was released in a […]
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Elon Musk thumbs his nose at the SEC again with Twitter stake
Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images The Securities Exchange Commission has another reason to come after Elon Musk. The world’s richest man disclosed Monday that he’s acquired […]
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Flag football at the Olympics might be the key to the NFL’s overseas business plan
A general view during the NFL London 2021 match between Miami Dolphins and Jacksonville Jaguars at Tottenham Hotspur Stadium on October 17, 2021 in London, England. Alex Pantling | Getty Images The NFL says it has a plan to grow its international business to $1 billion annually and attract its next set of fans. But […]
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