FloSports raised an estimated $24 million in a Series D round led by Dream Sports, bringing total funding to over $100 million. The company doubled revenue and reached profitability over the past two years, and will use the funds to…
QVC is laying off 900 employees, about 5% of its global workforce, as part of a shift from legacy TV retail to live social shopping and streaming commerce. The company is consolidating HSN’s operations into its West Chester, PA HQ…
YouTube is projected to surpass Disney in total revenue as soon as this year, with a 2024 figure of $54.2 billion, according to Michael Nathanson of MoffettNathanson. The platform is driving growth across advertising, subscriptions, and YouTube TV, with significant…
YouTube has demonetized Screen Culture and KH Studio, two of the biggest channels producing AI-generated “concept trailers,” after a Deadline report exposed their use of copyrighted materials and misleading content. The move highlights growing concerns about AI’s role in entertainment,…
Major League Soccer has begun striking linear TV deals internationally, starting with Australian broadcaster SBS, to air its new Sunday Night Soccer match each week. The move signals the league’s growing realization that Apple TV+ alone isn’t delivering the global…
RACER has acquired MAVTV and will rebrand the network to expand its media footprint across cable, FAST, and streaming. The move aims to establish RACER as the most comprehensive motorsports media platform in North America, with more than 300 live…
Playback raised $22 million to build a livestreaming platform focused on creator-led sports content, backed by Seven Seven Six, Khosla Ventures, and NBA Investments. The startup has deals with NBA League Pass and MLB.tv that allow creators to legally stream…
JioHotstar has surpassed 100 million paid subscribers, establishing itself as India’s leading streaming platform. The milestone reflects its scaled strategy, blending aggressive pricing, telecom partnerships, and a diverse content portfolio across sports, entertainment, and cultural events.
Deloitte's 19th Digital Media Trends report reveals that Gen Z and millennials are spending more time with creator-led content on social platforms than traditional streaming or TV. This behavioral shift is accelerating churn across SVOD, eroding perceived value, and redirecting…
Infinite Reality acquired Napster for $207 million, aiming to reimagine the iconic brand as a fully immersive social music platform. The company plans to integrate Napster with its virtual environments, esports assets, and Web3 tools—enabling artists to host concerts, sell…
