After PUBG ban in India, Chinese company Tencent faces huge loss in market value
Chinese company Tencent Games has lost $14 billion in market value, after the Indian Government banned its operations, along with other 118 Chinese apps, on Wednesday amid tension over fresh Chinese provocation in Ladakh. According to the IT Ministry, the Apps “are engaged in activities which are...
‘Scooby Doo’ co-creator Joe Ruby dies at 87
Animator, writer and executive Joe Ruby — who, with partner Ken Spears, created beloved Saturday morning cartoons such as Hanna-Barbera’s Jabberjaw, Dynomutt and the enduringly popular Scooby-Doo, Where Are You? — died on Wednesday of natural causes at age 87 in Westlake Village, California. The highly driven creator stayed imaginative into...
Universal signs deal with Microsoft for live-action and animation production
Universal Filmed Entertainment Group has inked a strategic partnership with Microsoft Corp. to create and accelerate cloud-optimise live-action and animation productions. This collaboration will streamline workflows, enable frictionless remote collaboration and content creation through a cloud-based production workflow, fast-tracking a return to industry production during the global...
Animation studio Laika lays off its workers due to Corona pandemic
Oregon based animation studio Laika has laid off 15 per cent of its workers amid the pandemic. Having recently celebrated its 15th anniversary, the studio has laid off 56 of its 362 employees due to Covid-19 safety concerns to rehire them when possible. “(Laika) holds the safety...
Pocket Aces’ Loco sees over 6x rise in daily active users as the platform pioneers the game streaming and esports ecosystem in India
With the lockdown accelerating the growth of India’s gaming market, the country’s leading game streaming and esports app, Loco, has witnessed a 6x growth in DAUs in the past month. The viewership increase has been driven by a growth in the number of active streamers on the...
Bombay High Court to give verdict on the NTO by 24th August
Bombay High Court is expected to give a verdict on the NTO (new tariff order) 2.0 case between TRAI (Telecom Regulatory Authority of India) and broadcasters on 24 August. Until then, both parties have agreed to wait before taking any further decision. The NTO 2.0 hearing on...
Reed Midem announces Mipcom 2020 exhibition to end early than anticipated
About a month after confirming physical editions for the fall, Reed Midem has announced that MIPCOM and its preceding weekend event MIP Junior will be folded into a concurrent three-day format dubbed MIPCOM Rendezvous Cannes, taking place October 12-14 (Mon.-Wed.) — a day less than previously anticipated....
Moonbug Entertainment acquires two most successful Kids’ programme, ‘CoComelon’ and ‘Blippi’
Moonbug Entertainment Ltd. has acquired two of the world’s most successful kids programs to become the world’s largest digital kids media company: CoComelon, the world’s most-viewed YouTube channel, and live-action program Blippi. The company also announced it has raised $120 million in funding to fuel further growth and make additional...
Siggraph Asia 2020 announces the extension of submission dates to August 15
To support the recently announced move online for Siggraph Asia 2020, ACM Siggraph’s annual conference and exhibition on computer graphics and interactive techniques in Asia, the Siggraph Asia 2020 Computer Animation Festival (SACAF 2020) has extended the deadline for submissions to 15 August 2020. Conference dates and...
Fremantle, ITV Studios and BBC Studios pull out of Mipcom due to Corona scare
A growing number of distributors and broadcasters is deciding against physical presence at MIPCOM 2020 in Cannes. Fremantle, A+E Networks, Beyond Distribution, BBC Studios will only take part in the online version of the market, while ITV Studios will host its own digital event. The announcements follow...