Media & Entertainment Spotlight Navigating the New Revenue Standard

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This media & entertainment spotlight discusses the new revenue model and highlights key accounting issues and potential challenges for M&E entities. Identifying the Performance Obligations in the Contract (Step 2) Some arrangements in the M&E industry involve multiple goods or services. For example, a license arrangement may provide rights to multiple films, markets, or territories; or the sale of a consumer good may include a digital extension (i.e., access to related digital content).

Spotlight

BODEGA

BODEGA is a content creation studio based in New York, Los Angeles and San Francisco.We create commercials, brand content, show opens, promos, films and digital media for all platforms.Our integrated approach encourages collaboration at every step, from creative development through production, animation, post-production and final delivery.BODEGA is a member of Free the Bid, an organization that champions the perspective and inclusion of female Directors, Editors, Colorists, Composers and DOPs in advertising.

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The Quest Is The Second Generation Of VR. You Charge It Up, Stick It On And It’s Great

Article | April 11, 2020

Ever since the adoption of VR gaming to the gaming market, it sure has seen upheavals—disruption by significant players in the industry like PSVR, Rift, and the Vive. PSVR has been the best-selling VR headset ever since its launch, selling over 5 million units on December 31st, 2020. While these numbers portray PSVR as successful, its hardware is lacking behind, and still, no sign of upgrades has been hinted by Sony. Speaking of which, a lot of gamers have long been waiting for a hardware upgrade or a hardware sequel—PSVR 2—from Sony, but very little or nothing has been said on this matter.

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PlayStation VR on the PS5 could ditch Move controllers for finger-tracking

Article | April 11, 2020

Sony got good mileage out of its PlayStation Move motion controllers, which it introduced for the PS3 generation. But it could be moving to something more akin to the Valve Index controller for the upcoming PlayStation 5. A patent application published this month suggests finger-tracking technology could come to the system, possibly for use with PlayStation VR. The application, which was first filed in 2018, is for a hand-worn device that includes sensors to detect individual fingers. A “sensor support” unit is located in the middle and is adjustable to accommodate different hand sizes.

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Streaming continues to boost US music industry growth

Article | April 11, 2020

The US music industry posted its fourth straight year of double-digit growth in 2019 to generate $11.1-billion in revenue, an industry tracker said, citing the continued domination of streaming. The year's total revenue jumped 13 percent, the Recording Industry Association of America said in its annual report, with streaming accounting for $8.8-billion, nearly 80 percent of the sum. The RIAA said paid subscriptions to streaming services like Spotify and Tidal contributed the largest share and marked the largest source of revenue growth -- up 25 percent versus 2018.

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Microgaming Collaborates With Inspired Entertainment To Enhance Gaming Experience

Article | April 11, 2020

As part of the deal, both the firms will work together to enhance the network capacities of each other while also supporting the expansion plans significantly. It will diversify the Microgaming’s product offerings such as slots, virtual sports, table games, etc. and will give a boost to the outreach plans of Inspired’s content. Inspired will offer 20 of its most innovative and widely played online slot games through Microgaming’s interface. The games offered will include Anubis Wild Megaways™, Prison Escape™, and Stacked Fire 7s™ along with the infusion of virtual and table games in the near future.

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Spotlight

BODEGA

BODEGA is a content creation studio based in New York, Los Angeles and San Francisco.We create commercials, brand content, show opens, promos, films and digital media for all platforms.Our integrated approach encourages collaboration at every step, from creative development through production, animation, post-production and final delivery.BODEGA is a member of Free the Bid, an organization that champions the perspective and inclusion of female Directors, Editors, Colorists, Composers and DOPs in advertising.

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