Technologies

Tencent Music Entertainment Group announces Lazy Audio Acquisition

Tencent Music Entertainment Group ("Tencent Music," "TME," or the "Organization") , the main creative online music amusement stage in China, today declared that it went into an authoritative consent to procure 100% value revenue of Shenzhen Lanren Online Technology Co, Ltd ("Lazy Audio", "Lanren tingshu"), a grounded sound stage in China, for an all out thought of RMB2.7 billion, essentially payable in real money, in addition to certain post-obtaining value settled honors to Lazy Audio's supervisory crew. The current investors of Lazy Audio incorporate China Literature Limited ("China Literature", stock code: 00772.HK), Lazy Audio's supervisory crew and other monetary financial specialists. The exchange is relied upon to shut in the primary portion of 2021 subject to standard shutting conditions.

Established in 2012, Lazy Audio is an extensive sound stage giving amusement in the types of book recordings, Chinese parody, digital broadcasts and other public broadcasts to clients. It adapts by means of various channels, including pay per title, membership installment for substance, and promoting. Apathetic Audio has formed into a flourishing local area with solid client connections and commitment, giving better substance and administrations than sound clients across China. Languid Audio has an exceptionally adaptable client base, making it one of the main sound stages in China.

"We are delighted to welcome the talented Lazy Audio team to the TME family, and expect this strategic acquisition to significantly deepen our presence in the fast growing long-form audio industry in China," said Mr. Cussion Pang, Chief Executive Officer of Tencent Music. "As a leading provider of audio entertainment, Lazy Audio can be seamlessly integrated into our existing long-form audio strategy, enabling us to further monetize the extensive library of high-quality literature IPs that we have access to through strategic partnerships with China Literature and others."

"Lazy Audio's catalog is set to expand our audio content library, and its recording capacity will significantly boost our production of audiobooks. We believe this partnership will help us cater to the increasingly nuanced needs of our customers, strengthen our brand recognition in this segment, generate considerable operational synergies, and accelerate our journey to become a leading audio entertainment platform in China." Mr. Pang added.

Mr. Bin Song, founder and Chief Executive Officer of Lazy Audio, said, "We share the same vision with TME that China's audio industry is a less-penetrated area with great potential. Merging with TME will benefit us to strengthen our competitiveness, establish a stronger connection with Tencent portfolio and bring Lazy Audio to the next level."

Apathetic Audio will keep up its autonomous activities while being a fundamental part of TME's by and large long-structure sound procedure. Endless supply of securing, TME will combine the interest in Lazy Audio, and empower Lazy Audio to have full admittance to TME's mastery, driving innovation, and solid limited time capacities.

About Tencent Music Entertainment

Tencent Music Entertainment Group (NYSE: TME) is the leading online music entertainment platform in China, operating the country's highly popular and innovative music apps: QQ Music, Kugou Music, Kuwo Music and WeSing. Tencent Music's mission is to use technology to elevate the role of music in people's lives by enabling them to create, enjoy, share and interact with music. Tencent Music's platform comprises online music, online karaoke and music-centric live streaming services, enabling music fans to discover, listen, sing, watch, perform and socialize around music.

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Technologies

The YES Network and MSG Networks Form Gotham Advanced Media and Entertainment (GAME), a New Technology

PR Newswire | January 05, 2024

The YES Network ("YES") and MSG Networks ("MSGN") today announced that they have formed Gotham Advanced Media and Entertainment ("GAME"), a new 50/50 joint venture to capitalize on technical and operational synergies associated with YES' and MSGN's streaming services. GAME will also offer turn-key digital content distribution services, including platform technology, operational support and comprehensive data analytics to third parties, utilizing the combined technical and operational expertise each company has garnered from the respective successful launch and operation of the YES App and MSG+. "As we continue to capitalize on the momentum created by YES' award-winning digital offerings, we look forward to collaborating with MSG Networks to further elevate the fan experience," said Jon Litner, CEO of the YES Network. "With the launch of GAME, we are excited to develop new product offerings, and premium features and functionality, to serve audiences like never before, while also providing a scalable tech solution for third-party content owners seeking to deliver state-of-the-art streaming experiences to their customers." Andrea Greenberg, President and Chief Executive Officer of MSG Networks, said: "This joint venture with YES will combine the streaming expertise of two of the largest regional sports networks in the country. With the formation of GAME, we seek to marry our collective insight, expertise and best-in-class technology not only to explore enhancements to our own products, but also to offer other networks, teams and sports properties an efficient way to launch a state-of-the-art streaming service. We are excited to partner with YES to create solutions for third-party content providers looking for a seamless way to reach new audiences." GAME expects that its potential clients would benefit from a broad range of world-class streaming services, all of which would be be run centrally by an expert staff experienced in live sports streaming. Streaming products will be customizeable and capable of delivering locally branded customer experiences, each catering to a client's particular needs. More information on GAME is available at {GothamAdvanced.com). To contact GAME directly please email {info@GothamAdvanced.com.} About YES Network The YES Network, the most-watched regional sports network in the country, owns the exclusive regional media rights of the 27-time World Champion New York Yankees, the Brooklyn Nets and the New York Liberty. YES, which has earned 146 Emmy Awards since its 2002 launch, also televises original biography, interview and magazine programs, college sports and Manchester City and AC Milan soccer. YES made the list of Forbes' top 10 most valuable sports business brands in the world for nine straight years. YES launched the YES App in March 2021 for authenticated users in its regional coverage territory, and it quickly became the #1 free sports app in the Apple App Store. Direct-to-consumer access to the YES Network has been available through the YES App since March 2023. In addition to providing fans with a live stream of the YES Network, the YES App features customizable push notifications, personalized content, game highlights, and app-exclusive original sports and lifestyle programming. It has won two New York Emmy Awards in its first two years of eligibility. About MSG Networks MSG Networks, a pioneer in sports media, owns and operates two award-winning regional sports and entertainment networks (MSG and MSG Sportsnet) and MSG+, a direct-to-consumer and authenticated streaming service, that serve the nation's number one media market, the New York DMA, as well as other portions of New York, New Jersey, Connecticut and Pennsylvania. The networks feature a wide range of compelling sports content, including exclusive live local games and other programming of the New York Knicks, New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres, as well as significant coverage of the New York Giants and Buffalo Bills. This content, in addition to a diverse array of other sporting events and critically acclaimed original programming, has established MSG Networks as the gold standard in regional sports. MSG Networks is part of the Sphere Entertainment Co. (NYSE: SPHR). MSG+ launched in June 2023, and was the first Regional Sports Network to offer single game purchases. MSG+ offers fans access to all MSG-produced programming included on the networks in their area on a monthly or annual basis as well, and is available at no additional charge to subscribers of participating pay television providers of MSG Networks.

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Solutions

Consello Group Announces the Launch of Strive

PR Newswire | January 15, 2024

The sports and entertainment industries are being transformed by emerging technologies, the globalization of leading brands and the institutionalization of ownership. Within this rapidly changing environment, Consello Strive will seek to empower those investing in or commercializing assets in the sports, media, and entertainment arena to maximize their business potential and create the highest sustainable value. Consello will advise on how best to evolve investments, businesses, leagues, teams, or brand strategy across technology, infrastructure, commercial partnerships and acquisitions, among other disciplines. Consello Group co-founder, and seven-time Super Bowl champion, Tom Brady, will be joined as a founding partner in this new division by 23-time Grand Slam champion, Serena Williams, and two-time NBA champion, six-time NBA All-Star and NBA Basketball Hall of Famer, Pau Gasol. Mr. Gasol will also lead a team focused on expanding Consello Strive's interests throughout the Spanish-speaking world. Consello Strive will be chaired by Mark Dowley, Chief Operating Partner at Redbird Capital, who has over 30 years of senior managerial experience in the sports and entertainment industries. Other founding partners in the new enterprise are: Declan Kelly Janey Whiteside Peter Mattoon Dr. Oscar Salazar Mindy Grossman Over the course of the coming weeks, Consello will announce a number of commercial partnership agreements with leading third-party industry participants and individuals as part of its rollout of Consello Strive around the world. Announcing the new division, Consello Group Founder, Chairman and CEO Declan Kelly said: "We believe that Consello Strive has the potential to change the entire global landscape of sports, entertainment and leadership development because of the opportunities that exist in the marketplace today and the unique experience, relationships and track record of the team we have assembled. Over the coming months we will be expanding our presence and partnerships further and rolling out a series of new services as part of the overall platform. We couldn't be more excited to have this senior group come together to build this groundbreaking new business." Tom Brady added: "Since the start of our journey at Consello our mission has been very clear – to make the best in the world even better. With Consello Strive we are bringing the very best in the world together to help advise people everywhere in the fields of sports and entertainment in ways that have never been done before. I am especially passionate about the launch of our leadership development vertical because working with leaders to drive them to search for improvement in whatever they do is something my partners and I have been devoted to our entire careers." Serena Williams added: "I am excited to deepen my relationship with Consello by joining Consello's Strive platform as a partner. The next chapter of my life will be as exciting and fulfilling as the last one, and I have no doubt that the team we have assembled here will help me do just that. I am also excited to help Consello Strive as a business to grow and expand around the world." Pau Gasol said: "I've seen firsthand the lasting impact that sports can create, both on and off the court. Joining Consello Strive as a partner is a natural step for me because of my passion for growth, mentorship, and creating impactful change, just like I am already doing through Gasol16 Ventures, my investment vehicle, and through the Gasol Foundation, whose mission is to eradicate childhood obesity. I'm excited about embarking on this journey, and I will additionally be focusing on building out our offering in the Spanish-speaking world where some of the greatest athletes, entertainers and leaders show us daily what it means to be truly great." Mark Dowley, Chairman of Consello Strive, said: "We have assembled an unstoppable team of athletes, trusted advisors to the world's business leaders, and proven global operators, who together will bring a broad-based set of perspectives, experiences and skills to the fore on behalf of the sports, entertainment and media leaders across the world. Consello Strive is unlike any other business in the market; my partners and I look forward to applying our knowledge and expertise to help our clients identify and unlock their full potential in the high growth sectors of sports, entertainment and media." Consello partner Janey Whiteside said: "Consello's unparalleled connection to the world's business leaders paired with the incomparable expertise of the sports icons involved, gives Consello Strive a unique opportunity to partner, advise and invest across the dynamic $550bn landscape that we see in front of us today in sports and entertainment. Commercializing that opportunity is something we believe we are better positioned to do than anyone else in the world today." Consello partner Mindy Grossman said: "I have spent my entire life working with and mentoring emerging leadership talent across multiple different businesses and industries, and that has taken me on an unforgettable journey through retail, sports, television, media and entertainment, and health and wellness. Launching Consello Strive today brings all those passions and interests together into one place and one platform and I truly believe we can and will change lives as part of what we are doing. I am especially thrilled that my friend and collaborator of more than 20 years, Serena Williams, is expanding her role with us on this journey and I am very confident we all can change the world together." Consello was launched less than two years ago and already has more than 100 employees and advisors, with offices in New York, London, Miami, Barcelona and Atlanta. About Consello The Consello Group is a financial services advisory and strategic investing platform. At Consello we invest capital to grow companies, we execute for our banking clients across industries, and we provide business development and marketing services to help companies grow and evolve. We also advise across sports, entertainment and leadership development, and our digital assets advisory business helps companies participate in the global digital financial services ecosystem. Consello offers these six distinct but integrated lines of businesses all on one platform: Sports, Entertainment and Leadership Development; M&A Advisory and Investment Banking; Investing; Growth and Business Development; Marketing and Brand Advisory; and Digital Assets Advisory.

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Business

Hard Rock International and Seminole Gaming Expand Innovative Programs in Fight Against Human Trafficking

PR Newswire | January 16, 2024

Hard Rock International and Seminole Gaming announce their ongoing commitment to the fight against human trafficking with new support tools for victims and those at risk, a youth education program, new trainings to help Team Members combat and prevent human trafficking, and work with new community partners to create a greater impact. "We are deeply committed to the work our community partners provide for those at risk, victims and survivors of human trafficking in the United States and around the world, as we work together to combat human trafficking," said Jim Allen, Chairman of Hard Rock International and CEO of Seminole Gaming. Over the last several years, Hard Rock and Seminole Gaming have implemented comprehensive protocols to increase awareness of and prevent human trafficking, including training over 27,000 hotel and casino Team Members globally and collaborating with local community partners and advocacy groups. Hard Rock and Seminole Gaming are continuing their work in 2024 with direct support for victims, survivors, and at-risk youth, through the following programs: First Hospitality Brands to Globally Implement Twentyfour-Seven QR Code Created for trafficking survivors, by survivors at Twentyfour-Seven Inc., Hard Rock and Seminole Gaming are the first hospitality brands to implement the Twentyfour-Seven QR code sticker, which provides critical information and support to those who need it, while also deterring traffickers from targeting individuals on the properties. The Twentyfour-Seven QR code sticker, which has resulted in several law enforcement investigations being opened, is being implemented in 44 hotels and casinos across 13 countries. This QR code, which offers information in several different languages, is helping people at risk find a way to understand their situations and the resources available for protection. Expanding Youth Education in Mexico to Prevent Online Luring Building upon the success of the Hard Rock Social Identity Quest (SIQ), an education program that helps teens understand the risks of being lured online, Hard Rock and Seminole Gaming have now expanded the program into classrooms in Mexico following a well-received pilot in Quintana Roo last year that reached 35,000 students. The state's Governor has made the program a mandatory part of the educational curriculum. To effectively reach Mexican youth, the SIQ content was co-developed with experts from PACT- (Protect All Children from Trafficking; formerly ECPAT-USA), ECPAT-Mexico, and EduNetwork Partners. To date, the Hard Rock Social Identity Quest was adopted and taught by 60,000 teachers in 45 U.S. states, reaching 1.2 million high school students, eight percent of the student population. Nearly 2,000 Hard Rock team members also completed the Quest with a young person in their lives. Funding our Community Partners through Change for Change Through its Change for Change program, Hard Rock and Seminole Gaming will raise funds to combat human trafficking during January. Casino guests will have the opportunity to donate change from redeemed gaming vouchers to the Hard Rock Heals Foundation, where 100 percent of the funds will benefit our community partners: PACT, the first U.S. organization to focus on the commercial sexual exploitation of children, and Twentyfour-Seven. In 2023, this program raised $100,000 for PACT and Covenant House New York. Youth Employment Program with FLITE Center Florida and Covenant House New York Offered initially in New York City and extended to South Florida last year, Hard Rock and Seminole Gaming's Youth Employment Program aims to help protect youth at risk and support survivors to escape a life of trafficking by helping them forge careers in hospitality. Partners include Covenant House New York City, the largest provider of runaway and homeless youth services in New York City, and FLITE Center, South Florida's leading agency for vulnerable youth and those aging out of foster care. FLITE Center provides support to vulnerable youth with guidance on education, employment, housing health and wellness, and care coordination. Setting a New Standard for Training in the Gaming Industry with the American Gaming Association Hard Rock and Seminole Gaming are driving the advancement of industry practices to combat human trafficking with the American Gaming Association's (AGA) Anti-Human Trafficking Task Force's first-ever free industry-developed training, designed to be the new standard in training for the gaming industry. Working with non-profit and law enforcement partners, the AGA Taskforce created this training based on trauma-informed care and the contributions of trafficking survivors. It will help set a standard for the gaming industry and ensure that guest-facing Team Members know how to recognize signs that trafficking may occur and what steps to take. Learn more about Hard Rock International and Seminole Gaming's corporate social responsibility initiatives at www.hardrock.com/social-responsibility. About Hard Rock®: Hard Rock International (HRI) is one of the most globally recognized companies with venues in over 70 countries spanning 309 locations that include owned/licensed or managed Hotels, Casinos, Rock Shops®, Live Performance Venues and Cafes. HRI also launched a joint venture named Hard Rock Digital in 2020, an online sportsbook, retail sportsbook and internet gaming platform. Beginning with an Eric Clapton guitar, Hard Rock owns the world's largest and most valuable collection of authentic music memorabilia at more than 87,000 pieces, which are displayed at its locations around the globe. Hard Rock Hotels has been honored by J.D. Power's North America Hotel Guest Satisfaction Study as the number one brand in Outstanding Guest Satisfaction for two consecutive years, and among the top Upper Upscale Hotels for four consecutive years. HRI became the first privately-owned gaming company designated a U.S. Best Managed Company by Deloitte Private and The Wall Street Journal in 2021, and has since been honored threefold. Hard Rock was also honored by Forbes among the World's Best Employers, as well as Best Employers for Women, Diversity and New Grads and a Top Large Employer in the Travel & Leisure, Gaming, and Entertainment Industry. In the 2022 Global Gaming Awards, Hard Rock was named Land-Based Operator of the Year for the second time in four years. Hard Rock International currently holds investment grades from primary investment-grade rating agencies: S&P Global Ratings (BBB) and Fitch Ratings (BBB). For more information on Hard Rock International, visit www.hardrock.com or shop.hardrock.com. About Seminole Gaming: Seminole Gaming manages six Florida casino enterprises for the Seminole Tribe of Florida, including Seminole Hard Rock Hotels & Casinos in Tampa and Hollywood, Fla. Seminole Gaming has long been recognized for its industry innovations and success. The Seminole Tribe was the first Indian Tribe in North America to open Ultimate Bingo, a high-stakes bingo hall and casino, which debuted in 1979 and became the forerunner of the Indian Gaming movement. Seminole Gaming is currently the only gaming company with investment grade ratings from all three primary investment-grade rating agencies: S&P Global Ratings (BBB), Moody's Corporation (Baa2) and Fitch Ratings (BBB).

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