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Digital Economy

Audio Up closes Series C funding round valuing the start-up at $150 million

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Audio entertainment and content production start-up Audio Up has closed its Series C funding round, which brings the company to $150 million pre money valuation. The company did not disclose the amount of funds raised in the round.

“We have achieved an incredible amount in a very short time frame,” says Audio Up founder and CEO Jared Gutstadt. “Having our business organized around a small group of elite media companies and entertainment luminaries allows us to grow in a way few can match.”
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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).

Copyright & Regulation

TikTok CEO Shou Zi Chew to appear on March 23 before the House Energy and Commerce Committee

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TikTok CEO Shou Zi Chew will appear before the House of Representatives Energy and Commerce Committee on March 23, 2023 to testify "on TikTok’s consumer privacy and data security practices, the platforms’ impact on kids, and their relationship with the Chinese Communist Party," according to a statement from the Committee's chair Cathy McMorris Rodgers (R-WA).

“Big Tech has increasingly become a destructive force in American society," said McMorris Rodgers. "The Energy and Commerce Committee ...

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Digital Economy

Comcast-owned streaming service Peacock ended 2022 with 20 million paid subs

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Video streaming service Peacock has passed the 20 million subscribers mark at the end of 2022, according to financial information released by parent company Comcast.

The service added 5 million subscribers in the last quarter of 2022, delivering the best quarterly result since its launch in 2020. The company said the good performance was fueled by live sports, recent films and originals.

Elsewhere in the group, entertainment division NBCUniversal posted adjusted EBITDA up 4.9% year-on-yea...

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Creative Industries

Quotes of the week — Week 4, 2023

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“[2023] will be an important year given the rapid advancements in AI. There’s a paradigm shift with AI and I think, with the concentration of talent we have and work we will do here, will be a big draw and I hope it will continue to be. We have to keep earning it."By Alphabet CEO Sundar Pichai, during a town hall meeting following the announcement that the company was laying off 15,000 employees. According to CNBC, Pichai pleaded with staffers to remain motivated as Google faces heightened comp...

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