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Digital Economy

Tencent Music takes a minority share in virtual entertainment platform Wave

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By Emmanuel LegrandChina's Tencent Music Entertainment Group has acquired a minority stake in US start-up Wave, a Los Angeles-based company providing animated live concert technology that transforms artists and fans into animated avatars. Under the partnership, Tencent Music will be able to broadcast Wave's concerts on its various platforms, including QQ Music, Kugou Music, Kuwo Music and WeSing. Terms of the transaction were not disclosed. "Through creative cooperation models, both companies w...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Google shuts down gaming platform Stadia

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Google is "winding down" its games streaming service Stadia after just three years operating, due to a lack of traction with users.

The news was announced via a blogpost from Phil Harrison, Vice President and General Manager of Stadia. "A few years ago, we launched a consumer gaming service, Stadia," wrote Harrison. "And while Stadia's approach to streaming games for consumers was built on a strong technology foundation, it hasn't gained the traction with users that we expected so we’ve made...

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Creative Industries

Marathon LABs’ accelerator programme focuses on tackling value creation

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Marathon LABs, the startup mentoring initiative from London-based Marathon Music Group, has selected six companies that will take part in its fourth ‘LABs’ with a programme focusing on tackling value creation.

Marathon said the six participating companies "operate within a broad music & tech ecosystem centering on web3 applications, live entertainment within metaverse environments and broadening access to financial and data analytics for artists and their teams."

Marathon's Alexandra...

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Digital Economy

Warner Music Group partners with OpenSea to offer Web3 tools and resources to artists

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Warner Music Group is collaborating with OpenSea, a peer-to-peer marketplace for NFTs, to provide a platform for select WMG artists "to build and extend their fan communities in Web3."

WMG explained that as part of the engagement, WMG artists would get "early access to OpenSea’s new drops product, along with improved discoverability, personalised storytelling on customised landing pages, and OpenSea’s industry-leading safety and security features." The first collection currently in developme...

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