TECHNOLOGIES

Netflix to Acquire Finnish Mobile Game Developer Next Games

Netflix, Inc | March 02, 2022

Netflix, Inc. (NASDAQ: NFLX) today announced that it has entered into a combination agreement to acquire Next Games (NXTGMS). Under the terms of the agreement, Netflix will commence a tender offer to acquire all of the issued and outstanding shares of Next Games. Pursuant to the offer, Next Games shareholders will receive €2.1 in cash per share of Next Games, for a total equity value of approximately €65 million. The Board of Directors of Next Games has unanimously decided to recommend that the shareholders accept the tender offer.

Next Games has a seasoned management team, strong track record with mobile games based on entertainment franchises, and solid operational capabilities, We are excited for Next Games to join Netflix as a core studio in a strategic region and key talent market, expanding our internal game studio capabilities. While we're just getting started in games, I am confident that together with Next Games we will be able to build a portfolio of world class games that will delight our members around the world."

Michael Verdu, Vice President of Games, Netflix.

Founded in 2013 and led by Teemu Huuhtanen, Next Games creates and operates engaging mobile games with global appeal and an authentic and social fan experience at its core. The company's strategy is to develop games based on popular entertainment IP, such as Stranger Things: Puzzle Tales, a story-driven puzzle role playing game (RPG) inspired by one of Netflix's most watched series. The company had approximately 120 employees at the end of 2021 and reported sales of approximately €27.2 million in 2020, with 95% of revenues generated from in-game purchases.

We have had an unwavering focus to execute on our vision: to become the partner of choice for global entertainment businesses and craft authentic and long-lasting interactive entertainment based on the world's most beloved franchises, Joining forces with the world's largest streaming service, Netflix, presents an opportunity for a logical and exciting continuation of our strategy to craft interactive experiences for the world to enjoy. Our close collaboration with Netflix on Stranger Things: Puzzle Tales has already proven that together we create a strong partnership. This is a unique opportunity to level-up the studio on all fronts and continue on our mission together."

Teemu Huuhtanen, Chief Executive Officer, Next Games.

About Netflix
Netflix is the world's leading streaming entertainment service with 222 million paid memberships in over 190 countries enjoying TV series, documentaries, feature films and mobile games across a wide variety of genres and languages. Members can watch as much as they want, anytime, anywhere, on any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.

Spotlight

Globosat, one of Latin America’s biggest pay TV players and Brazil’s leading multichannel broadcaster and content provider, took on the challenge of supporting a special joint venture with Samsung as the centerpiece of their soccer tournament coverage.The SportTV application enabled fan selection of live coverage or playback of prior matches, but all the full 4K HDR content is exclusively available via the special version of the Samsung SportTV 4K app.


Other News
REVIEWS

Qumu Named a Top Purpose-Built Streaming Platform By Wainhouse Research

Qumu Corporation | June 08, 2022

Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology, announced it has been positioned by Wainhouse Research, LLC in the top right quadrant of the newly revised vendor landscape for behind-the-firewall streaming solutions.The report, Rethinking the Enterprise Streaming Video Platform Market, features vendors in categories based on their completeness of solution and extensibility. Wainhouse places Qumu in the Purpose-Built Streaming category. According to the report, these platforms are purpose-built to enable enterprise streaming on a turnkey basis with a robust set of open APIs that facilitate the integration with other communication and collaboration technologies. This is the seventh time Qumu has placed in the top-right quadrant for the enterprise video landscape. Global 2000 organizations trust Qumu for their video communications at scale to achieve business goals. Over the last 12 months, our customers have created more than 10,000 videos/month and reached more than 7 million views/month. “The growth momentum in enterprise video use corresponds to how organizations increasingly operate with end users working from anywhere, on any device, at any time and connecting to corporate resources in internet-accessible cloud platforms,” -Steve Vonder Haar, Senior Analyst at Wainhouse Research. This recognition comes in a year of prolonged disruption,” said Rose Bentley, CEO and President of Qumu. “Companies around the world and across industries continue to be challenged by the pandemic, constrained labor availability, and global shortages of raw materials, to name a few. It has become even more critical for companies to rethink and reprioritize how they engage with their employees, customers and partners, making video a critical tool in their tech stack. It is the cornerstone of digital transformation for the enterprise. For more information about Qumu, visit Qumu.com. About Qumu Corporation Qumu (Nasdaq: QUMU) is a leading provider of best-in-class tools to create, control, deliver, experience and analyze live and asynchronous video at scale. Backed by an experienced team of software and video experts, Qumu’s software enables globally distributed organizations to drive employee, customer and partner engagement, modernizing business by providing more efficient and effective ways to communicate and collaborate. About Wainhouse Research Wainhouse Research is an independent analyst firm that focuses on critical issues in the unified communications and collaboration market. The company provides end-to-end coverage of the UC&C industry, with areas of focus covering unified communications, enterprise video, meeting room collaboration, personal & web-based collaboration, and audio conferencing market segments. The company acts as a trusted advisor providing strategic advice and direction for both the UC&C industry and its enterprise users. http://www.wainhouse.com.

Read More

PRODUCTS

iClick Interactive Releases Metaverse Livestreaming Mobile App Arohar

iClick Interactive Asia Group Limited | June 28, 2022

iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), a leading enterprise and marketing cloud platform in China that empowers worldwide brands with full-stack consumer lifecycle solutions, announced the launch of Arohar, its proprietary live streaming enhancement mobile application that integrates AI, AR and interactive 3D avatars to bring a brand new metaverse-based live streaming experience to users. iClick's flagship product, Arohar, for KOL promotion in overseas markets represents a new SaaS paradigm for live streaming. According to the global consulting firm PricewaterhouseCoopers ("PwC"), the metaverse-related market is estimated to reach USD467.4 billion by 2025. Featuring immersive virtual backgrounds and effects, and the ability to create real-time facial animation avatars through AR technology, Arohar's all-in-one livestreaming solution marks iClick's first step into the metaverse market. Arohar currently enables users to access Meta and other overseas metaverse platforms, and future upgrades will help accelerate the development of the metaverse ecosystem and promote the transformation of the live streaming industry. Arohar brings exciting new features to livestreaming including 3D avatars with AR facial micro-expression tracking and real-time facial animation and immersive virtual backgrounds through the AI image processing technology. Arohar is able to instantly detect the physical features of the live streamer and generate a clear virtual likeness and background without a green screen. Through these innovations, Arohar delivers a cutting-edge metaverse livestreaming experience that allows users to enjoy eight key features: Access to high quality virtual backgrounds; Create real-time animated 3D avatars; Enhance facial features with beauty and makeup filters; Use multi-scene switching to ensure smooth and attractive live streaming; Remote control of live streaming via App or Bluetooth; Share mobile game streams with friends and fans seamlessly via screen sharing; Enhance live streams through built-in massive live streaming resources; Support live streaming to multiple social media platforms such as Facebook Live, YouTube, Twitch, Twitter, Instagram and more. "We are very excited to announce the overseas launch of Arohar, a breakthrough solution that empowers metaverse livestreaming under our 'SaaS+X' business model. Arohar will be a key driver in our overseas market strategy as we focus on innovation to drive robust growth. iClick will continue to seek business opportunities in the metaverse while further accelerating the development of our SaaS product matrix to address brands' challenges in the face of rapidly evolving business models and market." -Frankie Ho, iClick's President of International Business About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a leading enterprise and marketing cloud platform in China. iClick's mission is to empower worldwide brands to unlock the enormous market potential of smart retail. With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. Headquartered in Hong Kong, iClick currently operates in eleven locations across Asia and Europe. For more information, please visit https://ir.i-click.com.

Read More

MEDIA AND BROADCASTING

ProScreenCast Launches 4K 60Hz HDR Screen Casting Adaptor

ProScreenCast | July 05, 2022

ProScreenCast has announced their newest 4K 60Hz with HDR screen casting adaptor, the SC01, is now available worldwide. SC01 build with HDMI 2.0b and is capable of streaming true 4K resolution up to 60Hz refresh rate with HDR color, it is designed to stream video wirelessly to TV, projector or any display with HDMI. This allows you to experience 4K image quality on a big screen from your mobile phone or PC, without having to run cables across the room.SC01 allows you to stream video from your mobile phone, Pad or PC to a big screen without using any cables. The plug-and-play installation is simple and you do not need to install additional APP to do the setup, everything can be done in the web browser. SC01 supports both 2.4G & 5G Wi-Fi to give you stable connection and is very compact in size and have internal Wi-Fi antenna, which allows you to carry around easily. Usage is also very easy, once setup, you can stream video by Airplay, Miracast, DLNA and Chromecast. You can choose to mirroring your screen to the TV or push the video to TV and still use your mobile for another task. The video streaming latency is almost not noticeable. There also is a button on the device to switch between Landscape & Portrait display, which is suitable to stream portrait video like Tik Tok to big screen. SC01 supports multiple operating system including iOS, Android, Windows and MAC OS. It can be used for watching movies, presentation, gaming and many more. A full specification sheet and info for SC01 are available in www.proscreencast.com SC01 Key Features Stream 4K@60Hz wirelessly HDMI2.0b with HDR 802.11ac dual band WI-FI Easy to use, low latency, stable One button to switch between Landscape & Portrait display Support OS: Android, iOS, Windows, MacOS, Chromecast Suitable for mobile phone, pad, PC, laptop screen sharing About ProScreenCast ProScreenCast started the exploration and development of wireless screen casting solution in 2021. With a team of 20 years R&D experience in AV industry, aiming to explore the best method of wireless HDMI transmission with low latency, simple connection and high-resolution graphics output. Our range of wireless display adaptors fits perfectly for any scene, including watching movie, screen sharing, office meeting, education, gaming and many more.

Read More

MEDIA AND BROADCASTING

DNEG to Launch ‘xSTUDIO’ as Open Source Project; Feature-Rich Playback and Review Application for Filmmaking Teams

DNEG | June 10, 2022

DNEG, a leading technology-enabled visual effects (VFX) and animation studio for the creation of feature film, television and multiplatform content, today outlined plans for the upcoming launch of xSTUDIO, a modern, flexible and feature-rich playback and review application designed to meet the needs of content creators throughout the production process. Currently in development at DNEG, xSTUDIO will replace all other image review tools across DNEG’s content creation pipeline, allowing individuals and teams to review shots, edits and grades in a single, unified application on all desktop platforms and operating systems (Linux, Mac and Windows). DNEG is intending to publish xSTUDIO as an open-source project, allowing each industry partner and filmmaking team to integrate the application into its own pipeline, with a view to encouraging the adoption of the tool as the new industry-standard toolset for collaborative review. “From its conception, xSTUDIO was designed to allow everyone working in the media creation industries to collaborate seamlessly, VFX supervisors, artists, directors, DoPs, studio executives, producers - we all look at images every day in many different ways. xSTUDIO will give us a common industry toolset for organizing and displaying all types of media, annotating and editing them, and then securely sharing the results with each other, on our laptops, in screening rooms or over the internet.” -Chas Jarrett, Senior VFX Supervisor, DNEG Expected to launch as an open source beta application later this year, xSTUDIO will be available for free download and use, offering DNEG’s industry partners the ability to contribute features and workflows to support their own specific needs. Our teams across the globe design, create, animate and submit thousands of visual effects shots and animation sequences across multiple projects every day, said Paul Salvini, Global Chief Technology Officer, DNEG. In xSTUDIO we have created a modern, flexible, feature-rich playback and review application that we hope will become the new industry standard. By freely sharing xSTUDIO as an open source project with our clients and our industry partners we are encouraging everyone to use and develop the toolset, so that we all benefit from the collective expertise in our community. xSTUDIO will feature a modern, feature-rich and pipeline-agnostic core application, while also providing a full Python API, C++ plugin framework and extensive use of open-source libraries to allow contributors full control of its integration into their pipelines. “By developing xSTUDIO and releasing it as an open source project, DNEG has created an opportunity for greater collaboration and more efficient workflows for content creation teams across our industry, Built specifically for filmmakers by filmmakers, we are thrilled to launch this innovative, flexible platform that will support substantial efficiencies and advancements in our craft.” -Namit Malhotra, DNEG Chairman and CEO More information about the application’s features and capabilities is available on https://www.dneg.com/xstudio/. To express interest and find out more about xSTUDIO, contact xstudio_oss@dneg.com. On January 25, 2022, DNEG announced its entry into a definitive business combination agreement with Sports Ventures Acquisition Corp. (Nasdaq: AKIC). Upon the closing of the business combination, which is expected in the first half of 2022, the combined public company will be named DNEG. For more information about the transaction, please visit https://investors.dneg.com/. About DNEG DNEG (www.dneg.com) is one of the world’s leading visual effects (VFX) and animation companies for the creation of feature film, television, and multiplatform content. DNEG employs nearly 7,000 people with worldwide offices and studios across North America (Los Angeles, Montréal, Toronto and Vancouver), Europe (London) and Asia (Bangalore, Chandigarh, Chennai and Mumbai). DNEG’s critically acclaimed work has earned the company seven Academy Awards® for Best Visual Effects and numerous BAFTA and Primetime EMMY® Awards for its high-quality VFX work. Current and upcoming DNEG projects on behalf of its Hollywood and global studio and production company partners include Bullet Train (July 2022), Black Adam (October 2022), Under the Boardwalk (October 2022), Shazam! Fury of the Gods (December 2022), Borderlands (2022), Knives Out 2 (2022), The School for Good and Evil (2022), “Super/Natural” (2022), Aquaman and the Lost Kingdom (March 2023), Haunted Mansion (March 2023), The Flash (June 2023), Meg 2: The Trench (August 2023), Nimona (2023), and “The Last of Us” (2023). About Sports Ventures Acquisition Corp. Sports Ventures Acquisition Corp. is a blank check company organized with the purpose of effecting a merger similar business combination with a major entertainment powerhouse. Sports Ventures Acquisition Corp. is led by Alan Kestenbaum, businessman and minority owner of the Atlanta Falcons of the NFL. Other leadership members include Robert Tilliss, who brings with him extensive sports and arena expertise, Daniel Strauss, and Steve Horowitz.

Read More

Spotlight

Globosat, one of Latin America’s biggest pay TV players and Brazil’s leading multichannel broadcaster and content provider, took on the challenge of supporting a special joint venture with Samsung as the centerpiece of their soccer tournament coverage.The SportTV application enabled fan selection of live coverage or playback of prior matches, but all the full 4K HDR content is exclusively available via the special version of the Samsung SportTV 4K app.

Resources