Entertainment News Roundup: Former Disney Chief Bob Iger Enters Metaverse With Genies Investment; Discovery will combine its Discovery+ with WarnerMedia’s HBO Max and more


Below is a summary of the entertainment news briefs.

Former Disney chief Bob Iger enters the metaverse by investing in Genies

Former Disney chairman Bob Iger is investing in and joining the board of metaverse startup Genies, the company announced Monday, in the first such executive move since leaving the giant. entertainment at the end of 2021. Genies, popular among celebrities such as Rihanna, Lil Nas X and Jennifer Lopez, said they have 99% of the celebrity avatar market share and include Universal Music Group and Warner Music Group as customers, for which they also manufacture NFTs, or non-fungible tokens.

Discovery will combine its Discovery+ with WarnerMedia’s HBO Max

Discovery Inc. Chief Financial Officer Gunnar Wiedenfels on Monday provided the most concrete details yet on the media company’s plans to combine its Discovery+ streaming service with HBO Max once the WarnerMedia acquisition closes.

Wiedenfels said the services would come together to create a more appealing consumer product, with HBO Max’s more “masculine” scripted series complementing Discovery’s reality shows, with their all-female audience.

Amazon wins EU antitrust green light for $8.5 billion MGM deal

Amazon on Tuesday won unconditional EU antitrust approval for its proposed $8.5 billion acquisition of U.S. movie studio MGM to help it compete with streaming rivals Netflix and Disney+. The European Commission said the deal would not pose competition concerns in Europe, confirming a Reuters report on March 9.

US implements new rules requiring broadcasters to identify foreign government material

The U.S. Federal Communications Commission (FCC) said on Tuesday that new requirements for broadcasters to disclose when foreign governments or their representatives’ lease time on their airwaves take effect today. The FCC unanimously adopted the new rules in April 2021. The commission said the new rules are effective immediately for new leases and must be implemented within approximately six months for agreements. existing.

Cinema operator AMC invests in struggling miner Hycroft

Cinema chain AMC Entertainment Holdings Inc announced on Tuesday that it had agreed to buy a large stake in Hycroft Mining Holding Corp for $27.9 million, capitalizing on its popularity with retail investors to provide a lifeline financial support to the ailing gold and silver miner. Hycroft, which owns a mine in northern Nevada, was on the verge of bankruptcy before AMC’s investment. Now he plans to raise up to $500 million by selling shares on the open market over time, Hycroft said Tuesday. Such a large capital increase is generally not accessible to a small business in financial difficulty.

Eurovision favorites, Ukraine’s Kalush Orchestra joins the war effort

Topping the Eurovision charts is a dream for many international music artists, but for Ukraine’s Kalush Orchestra, the glitz of the song contest still seems a long way off. Operating from western Ukraine, singer Oleh Psiuk left the stage to lead a group of 20 volunteers, providing medicine and helping people flee war. One of his band members serves in the home defense unit.

Blue Origin will send ‘SNL’ star Pete Davidson into space next week

‘Saturday Night Live’ comedian Pete Davidson has been confirmed as the next celebrity vying for a trip to the far reaches of space thanks to Jeff Bezos’ astro-tourism company Blue Origin, with his suborbital flight scheduled for the week next. The 28-year-old comedian and boyfriend of reality TV star and socialite Kim Kardashian was announced Monday by Blue Origin as a ‘guest of honour’ joining five paying customers for the company’s fourth commercial flight since the summer latest.

On the occasion of their 60th anniversary, the Rolling Stones hit the road again through Europe

The Rolling Stones will embark on a European tour this summer, playing stadiums and arenas, to mark their 60th anniversary as a band, the British rockers announced on Monday. Titled “SIXTY”, the 14-show tour will kick off in Madrid on June 1 and visit 10 countries in total, including Britain.

(With agency contributions.)


About Author

Comments are closed.