ByteDance, the Chinese parent company of TikTok and Douyin, is restructuring its video games unit Nuverse, and plans to "retreat from mainstream video games," according to Reuters, citing "four people familiar with the matter." The move is expected to result in hundreds of employees from the division losing their jobs.

A ByteDance spokesperson told Reuters: "We regularly review our businesses and make adjustments to centre on long-term strategic growth areas. Following a recent review, we've...

Global SVoD subscriptions will increase by 321 million between 2023 and 2029 to reach 1.79 billion, up 21.7%, and will be showing continued growth, according to estimates from Digital TV Research.

The US market will add 30 million subscriptions, followed by Brazil, which will gain 23 million subscribers and India (up 27 million). SVoD platforms in China will account for 391

(Source: Digital TV Research)

Six US-based platforms will accumulate 946 million SVoD subscribers by 2029, up fro...

As the European Union is getting close to adopt new legislation on artificial intelligence contained in the AI Act, tech companies and trade organisation representing the tech sector are calling for light regulation in order not to hamper the development of AI in the region.

In an open letter signed by 33 organisation and coordinated by DigitalEurope — whose members include Amazon, Apple, Google, Meta and Microsoft, among other companies — tech companies warned of the negative impact over-...