TECHNOLOGIES

Tencent Music Entertainment Group announces Lazy Audio Acquisition

prnewswire | January 15, 2021

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

Spintop Network Announces Their Next-Gen GameFi Ecosystem With Cutting-Edge Technology

Spintop Network | April 26, 2022

Spintop Network has presented their state-of-the-art GameFi blockchain ecosystem, which offers developers, investors and gamers alike a streamlined game finance experience. Blockchain gaming has developed as an exciting utility within the digital ecosystem. That development, however, has been associated with basic problems in connectivity and interaction amongst stakeholders. Many popular gaming platforms have been unable to provide users with a broadly-encompassing environment on which to publicize, launch and invest in games, no less to discover, play, trade and earn with them. GameFi solves those problems by offering a complete and expansive ecosystem.With the developing global market for digital gaming, the community is watching this sector boom and benefit users financially. With so many opportunities, bringing interest groups together and cataloging those opportunities becomes key. Gamers can use the many features of the hub to both discover and profit. Spintop’s GameFi ecosystem provides gamers with the option of finding games across Gamepedia, trading tokens across Spindex, and sharing NFTs across the NFT Marketplace. It uses the tools of Web3 to offer a unique experience. Gamers can find their preferred games across the Gamepedia, a community-driven gaming guide that provides greater ease in game selection. Following the selection of a game, the platform provides reviews and user guides that can help gamers play their game perfectly. Spintop Network operates on the play-to-earn model, allowing gamers to earn across the blockchain. As this market has grown, many gaming platforms have been integrating this innovation in their systems for user utility. Spintop Network’s Guild Maker helps users set up their character with appropriate in-game tools and earn from playing games. The Guild Maker allows sponsors to create guilds, which are then capitalized on by scholars (gamers) who compete on their behalf. The rewards are then distributed among sponsors and scholars. With considerable earning potential through playing, users can then manage their earnings across Spindex, the DeFi hub for gaming projects. Spindex would potentially offer services in staking, farming and trading coins across the platform to help users get more from their in-game earnings. This would soon see cross-platform operability through the SPIN token. Spintop Network enhances user operability with its NFT marketplace. Users can buy, sell and rent their NFT assets and use their guild elements for their character. The potential for regulation of the assets across the marketplace would be extremely helpful in securing their value throughout the ecosystem. The network also believes in supporting new blockchain projects in their growth. To make the growth consistent, Spintop Network has developed a GameFi Launcher and Incubator Program, SpinStarter. It would also offer users the opportunity to invest in developing blockchain projects and, thus, become a part of digital excellence across the network. Spintop Network’s GameFi ecosystem is a project that is revolutionary for developers, investors and gamers. With a complete set of tools under its belt, Spintop is working on improving the GameFi and blockchain ecosystem. To do that, Spintop is currently working on partnerships and collaborations. It has recently announced its partnership with BetU Ecosystem, it comprises of 3 interrelated platforms: BetU Verse - A licensed metaverse resort and casino, EarnU - Play-to-earn sports & esports prediction game, and BetU - A sports, esports, & crypto betting platform. Spintop has also successfully configured its second IDO, Creo Engine, a GameFi platform. Another partnership worth noting is with Altura NFT, where both parties will be working together to implement smart NFTs and guilds into each other's ecosystems. These advancements show their consistent approach in benefitting the digital community. About Spintop Network: Spintop Network is a GameFi ecosystem that provides users with the opportunity to play, earn, trade and discover in the blockchain gaming system. It combines diverse elements to appeal to developers, investors and gamers alike. With a belief in benefitting the digital community through consistent development, Spintop Network is working on integrating a play-to-earn mechanism with a DeFi hub, NFT marketplace and Incubator program.

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BUSINESS

Wasabi Technologies Partners with the Boston Red Sox Through Multi-Year Sponsorship Deal with Fenway Sports Group

Wasabi Technologies | April 08, 2022

Wasabi Technologies, the hot cloud storage company announced a multi-year partnership with Fenway Sports Group that harnesses the power of sports and entertainment to take the Wasabi brand to new heights. Wasabi is designated a Proud Partner of the Boston Red Sox, generating unprecedented brand awareness, community relations initiatives, and client and employee engagement across Fenway Sports Group properties through 2026.With headquarters in the heart of Boston, Wasabi was founded in 2017 by Carbonite founders David Friend and Jeff Flowers to remove the complexity of cloud storage for businesses all over the world. The company has grown exponentially in recent years with $275M in funding, making it a force in Boston's pacesetting technology landscape. The company previously teamed up with Fenway Sports Group on the Wasabi Fenway Bowl, and is also the Official Cloud Storage Partner of Liverpool Football Club and the Boston Bruins. "Sports, media, and entertainment is quickly becoming one of Wasabi's biggest areas of business due to the sheer amount of data impacting everything from the fan experience and player performance, to franchise operations. Storing that data must be simple and affordable so these organizations can effectively harness its power in the digital age, Becoming the Proud Partner of the Boston Red Sox, one of the most beloved sports franchises, not just in our own backyard, but in the world, is an incredible step, and the work we will do together will change the trajectory of our company." -Michael Welts, chief marketing officer, Wasabi Technologies. As a partner of the Boston Red Sox, Wasabi will creatively leverage the global reach of one of the preeminent sports brands in the world. The Wasabi brand will be prominently displayed throughout historic Fenway Park, and Wasabi will support a number of Red Sox Foundation initiatives including STEM education and career programming, and the Run to Home Base, dedicated to healing the invisible wounds for Veterans of all eras, Service Members, Military Families and Families of the Fallen through world-class clinical care, wellness, education, and research. Additional Wasabi brand activations will be present across Fenway Sports Group's entertainment properties in the coming years, including as Presenting Partner of the Plainridge Park Casino Fenway Concert Series. "As our data needs continue to evolve, from player analytics, IoT, digital assets and even security, this presents an enormous learning opportunity for the organization, Wasabi provides a cost-effective cloud-based solution that enables us to retrieve content quickly and improve the level of video analysis and production we do here at the Red Sox. We could not be more excited to welcome Wasabi onboard." -Red Sox SVP and CTO Brian Shield. About Wasabi Technologies Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an unlimited amount of data at 1/5th the price of the competition with no complex tiers or unpredictable egress fees. Trusted by tens of thousands of customers worldwide, Wasabi has been recognized as one of technology's fastest-growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured nearly $275 million in funding to date and is a privately held company based in Boston and is a Proud Partner of the Boston Red Sox.

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TECHNOLOGIES

PODCASTONE PARTNERS WITH ADORI LABS AS THE FIRST STREAMING AUDIO NETWORK TO UTILIZE ADORI'S PIONEERING YOUTUBE PODCAST VIDEO INTERFACE TECHNOLOGY

PODCASTONE | March 26, 2022

Adori Labs, a leading interactive audio platform and PodcastOne, a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced that they have entered into an agreement that allows PodcastOne and its roster of top performing hosts to integrate unique visual elements into the podcasts they produce and distribute via YouTube becoming the first podcast network to utilize Adori's pioneering interface technology. Adori's unique YouTube integration technology allows podcast hosts and networks to seamlessly import episodes from RSS feeds, enhance them with visual elements and upload enriched assets directly to YouTube. Adori's patented technology embeds contextual visuals, multi-format ads, AR experiences, buy buttons, polls, and other "call to action" features in the audio creating a more enhanced and richer listener experience. In creating visually enhanced podcasts, Adori's YouTube product provides additional monetization avenues for PodcastOne's slate of original programming, increased discoverability and SEO presence. "We are excited to partner with PodcastOne, the leading advertiser-supported on-demand digital audio network in the industry. Adori's technology can help to significantly increase their revenue and audience through YouTube, the fastest growing podcast listening platform in the world." -Adori co-founder and CEO, Nathan Iyer With over 500 episodes of The Steve Austin Show available via PodcastOne, the streamer's reinvention of classic episodes utilizing Adori's technology has introduced the well revered wrestling podcast to legions of new fans. Melissa Gorga On Display, a fan favorite of BravoPhiles, introduced new weekly episodes with exclusive content from Gorga to augment the show. Barely Famous, a newly launched podcast from Teen Mom to Mogul, Kail Lowry, continues to see rapid growth in download numbers and expects to launch Adori enhanced YouTube content in the coming weeks. "At PodcastOne we continually search for avenues that allow our hosts to be more engaged with listeners, to offer unique experiences for our audiences and to create interactive environments that boost download numbers and attract new fans. Captivated audiences secure long-term success both for our hosts and for our advertisers," said Jim Ballas, Chief Technology Officer of PodcastOne. PodcastOne is the first podcast network to utilize Adori's YouTube interface, joining Adori's global customers including leading content creators, publishers and networks. About Adori Labs Adori's patented technology helps increase monetization and engagement allowing content creators to modernize traditional audio by adding relevant visual and interactive elements such as links, social feeds, polls and e-commerce without changing the format or sacrificing quality. For publishers and advertisers, Adori provides attribution, click-through, purchases, and ad impressions providing deep measurement and new monetization possibilities for audio. iHeartRadio recently debuted their holiday special "Twas the Night Before Christmas" playlist which featured exclusive readings from artists including Michael Buble, Elton John, Bon Jovi and Carrie Underwood using Adori technology. Adori's end-to-end podcasting platform has global customers including leading content creators, publishers, and networks. Adori recently launched "Gateway To YouTube" a consumer-facing application built on its platform that creates and publishes visually enhanced podcasts to YouTube. The company is based in Santa Clara, CA with a globally distributed team, and is supported by early-stage VCs, angel investors, and experienced advisors. For sales and demo enquiries, please contact hello@adorilabs.com. About PodcastOne PodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveOne (NASDAQ: LVO) in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveOne umbrella. Amassing more than 2.48 billion downloads per year with 300+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Armando "Pitbull'' Perez, Jordan Harbinger, Heather Dubrow, The LadyGang, Kail Lowry, Melissa Gorga, Dr. Drew, Jay Cutler, Michael Irvin, Robert Horry, Dr. Gundry and top-rated true crime shows including Bad Bad Thing, True Crime All the Time Unsolved, This is MONSTERS, Court Junkie, A&E's Cold Case Files, American Nightmare and more. Its shows are distributed across its own platform as well as LiveOne's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One. About LiveOne, Inc. Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. As of March 1, 2022, the Company has accrued a paid and free membership base of over 2.1 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, nearly 270 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter, Instagram, TikTok, and Twitter at @liveone.

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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.

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