Live Nation Entertainment Reports Third Quarter 2017 Financial Results

prnewswire | November 02, 2017

Live Nation had its best third quarter ever and 2017 is on track to deliver another year of record results across revenue, operating income and adjusted operating income, or AOI.  For the quarter, revenue was up 12%, operating income was up 5% and AOI was up 10%.  For the nine months, revenue was up 19%, operating income was up 26% and AOI was up 16%.  All our divisions — concerts, advertising and ticketing — each delivered their strongest quarterly AOI results ever.

Spotlight

According to recent mobile game statistics, the mobile developer population has already shot up and so is the number of mobile apps in the Google Playstore and Apple store. The revenue generated has skyrocketed thanks to the growth of hybrid monetization models including in-app purchases and in-app ads. The mobile gaming industry trends predict that the mobile gaming market will continue to generate more and more revenue in the foreseeable future.

Spotlight

According to recent mobile game statistics, the mobile developer population has already shot up and so is the number of mobile apps in the Google Playstore and Apple store. The revenue generated has skyrocketed thanks to the growth of hybrid monetization models including in-app purchases and in-app ads. The mobile gaming industry trends predict that the mobile gaming market will continue to generate more and more revenue in the foreseeable future.

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MEDIA AND BROADCASTING

ViacomCBS Announces Comprehensive Distribution Agreements with Cox Communications

ViacomCBS | August 03, 2021

ViacomCBS Inc. today announced multi-year distribution agreements with Cox Communications to continue delivering leading content from ViacomCBS’ extensive portfolio of broadcast, entertainment, news and sports networks, including BET, CBS Sports Network, CMT, Comedy Central, Logo, MTV, Nickelodeon, Paramount Network, Pop TV, SHOWTIME®, Smithsonian Channel, Telefe, TV Land and VH1. The deal also includes retransmission consent of CBS broadcast stations in Los Angeles. In addition to renewed carriage of ViacomCBS content, the deal will also offer Cox subscribers expanded access to ViacomCBS’ collection of streaming services, including Paramount+, SHOWTIME® OTT and Pluto TV. “We are pleased to have reached significant agreements with Cox that offer our best-in-class entertainment across broadcast, cable and streaming on behalf of subscribers,” said Ray Hopkins, President, U.S. Networks Distribution, ViacomCBS. “Cox has been a valued partner for years and we look forward to working together to continuously serve millions of households through our long-standing partnership.” About ViacomCBS ViacomCBS is a leading global media and entertainment company that creates premium content and experiences for audiences worldwide. Driven by iconic consumer brands, its portfolio includes CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others. The company delivers the largest share of the U.S. television audience and boasts one of the industry’s most important and extensive libraries of TV and film titles. In addition to offering innovative streaming services and digital video products, ViacomCBS provides powerful capabilities in production, distribution and advertising solutions.

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STEPN Announces Public Beta Launch of First Move2Earn Mobile NFT Gaming Platform

STEPN | December 21, 2021

STEPN, the first move2earn mobile NFT game powered by Solana where players can walk, jog or run outdoors with an NFT Sneaker to earn tokens, has announced its public beta launch. Through the click of a button, users will be able to earn crypto by simply walking or running. The STEPN functionality will open up to users who currently own an NFT sneaker, available on MagicEden. STEPN’s new move2earn platform is an example of the exciting use cases blockchain has to offer to beyond the crypto community. Through the company’s user-friendly, mobile first platform, STEPN aims to make both fitness and Game-Fi more accessible to anyone with a smartphone. We are proud to launch STEPN’s public beta and reveal the potential of what individuals can achieve with their fitness goals using crypto as an incentive, With STEPN, we are expanding what users can do and we’re one step closer to achieving our mission of empowering players to take control of their health by making move2earn more simple and accessible.” Founder and CEO, Yawn Rong The game has a dual token system, a Game Token (GST), and a Governance Token (GMT). GST is used for various in-game activities such as minting new Sneakers, leveling up Sneakers, and upgrading Gems. The Governance Token (GMT) is used for the game's profit distribution and high-end in-game activities such as renaming Sneakers and high-level leveling/upgrading. About STEPN STEPN is the first move2earn mobile NFT game powered by Solana where players can walk, jog or run outdoors with an NFT Sneaker to earn tokens. STEPN aims to inspire millions to engage in healthier lifestyles by bringing them into the Web 3.0 world while contributing positively to carbon neutrality.

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TECHNOLOGIES

LG acquires control of the stake in Alphonsoo TV Data and Measurement Firm

businesswire | January 06, 2021

LG Electronics (LG) and Alphonso today reported a critical speculation by LG in Alphonso to unite the two TV industry pioneers' advances and developments to LG's keen TV arrangement. With this venture of almost USD 80 million, LG will turn into Alphonso's biggest financial specialist with a controlling stake of in excess of 50%. LG has made understanding client tastes and customer patterns perhaps the most elevated need as a component of its computerized change system to convey better modified administrations. LG plans to use Alphonso programming and administrations – including Alphonso's information examination, media arranging and initiation, and Video AI capacities – with its expansive scope of home diversion items. Alphonso's consolidated contributions will advance shopper administrations including content proposals and LG's own real time feature, LG Channels, to make a strong possessed and worked first-screen, cross-gadget promoting stage with incorporated examination stage for LG TVs and the savvy TV commercial center all in all. This is Alphonso's first speculation round since its Series A financing of USD 5.6 million of every 2017, drove by Manifest Investment Partners. Alphonso will keep on working as a free business under its present image and authority situated in Silicon Valley. “Our investment in Alphonso is a key component of our digital transformation strategy focusing on AI, big data and cloud to fundamentally change how consumers interact with their devices,” said Park Hyoung-sei, president of the LG Home Entertainment Company. “With Alphonso’s TV data analysis capabilities, LG will be able to better fulfill consumers’ needs by providing even more customized services and content to consumers. We are proud to welcome Alphonso to the LG family.” “LG and Alphonso have a shared vision for advancing the smart TV ecosystem through innovative software and services oriented toward modern new consumer experiences on one end, and highly flexible, lucrative advertising, planning, and measurement offerings for brands, agencies, and broadcasters on the other,” said Ashish Chordia, founder and CEO of Alphonso. “Becoming part of LG Electronics gives Alphonso the backing of one of the world’s leaders in home entertainment products, with access to a massive global inventory of connected TV screens. We can now maximize our mutual impact on the TV marketplace as we bring our products together and deliver immense value for the ecosystem.” About LG Electronics Home Entertainment Company The LG Home Entertainment Company is an industry leader in televisions and audio-video systems. The company is a globally recognized innovator for its leadership in OLED TVs which is revolutionizing the premium TV category. LG is committed to improving customers’ lives with innovative home entertainment products led by award-winning OLED TVs and NanoCell TVs featuring artificial intelligence and sound solutions developed in partnership with Meridian Audio. About Alphonso Alphonso is a TV data and measurement company, and the market leader in providing brands and agencies with real-time TV ad campaign measurement, closed-loop attribution for TV ads, and TV audience extension across digital devices. Its Alphonso TV Data Cloud services are used by hundreds of the Fortune 500 brands and agencies in the U.S. With video AI technology embedded in tens of millions of smart TVs, TV chipsets, set-top boxes and other connected devices, Alphonso understands what programming and advertising people watch on TV. Its SaaS offering, Alphonso Insights, delivers actionable TV measurement and closed-loop attribution with offline data in real time, to help brands understand the true impact of TV advertising.

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