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Digital Economy

Web3 music platform Public Pressure closes $6m funding round led by Scytale

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Web3 music specialist Public Pressure has closed a $6 million funding round, with blockchain-focused digital asset manager Scytale as the lead investment partner.

Other investors include Ethereum & Polkadot Founder Gavin Wood, Ed Hesse, Founder of Energy Web, and other venture companies such as Matterblock and HV Capital.

Mark Cachia, Founder and CIO of Scytale said, “We believe that music and artists will be one of the industries that will most benefit from Web3. Public Pressure is ...

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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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