Ivo Gerscovich’s Post

Despite economic uncertainties, the Global #Media and #Entertainment industry remains sizable and is expected to grow at CAGR of 3.4% by 2027. - The Media & Entertainment industry has been diligently rethinking its operations to engage and retain audiences in an era of abundant viewing options. Notably, streaming video, social media, and gaming are driving new business models and transforming the M&E sector. - After experiencing growth in Q2 2023, the total Media M&A value has returned to normal level in Q3. - The media and entertainment industry's M&A landscape is highly fueled by the continuous growth in the gaming sector, driven by the increasing demand for #interactive experiences across platforms. - A noteworthy transaction in the Media and Entertainment sector during Q3 2023 is Microsoft's acquisition of Activision Blizzard for $69 billion, marking the #gaming industry's most significant merger to date. - The #sports and live entertainment sectors are also expected to drive the M&A market, evidenced by strategic partnerships like Playtech's acquisition of a stake in @Hard Rock Digital in March 2023, and overseas investors expressing interest in prominent sports teams. #VC #startups #tech

Check this out - Sega hires ex-Disney exec as head of global transmedia: Sega has appointed former Disney and Scopely executive Justin Scarpone as executive vice president and head of its newly established Global Transmedia Group. Scarpone will begin his new role on April 1, and will oversee advancements across Sega's portfolio, including franchises such as Persona, Like a Dragon, and Angry Birds. "I look forward to working with our team and partners around the world, harnessing the strength of Sega's rich IP to deliver new stories, innovative consumer products, and new entertainment services, all while putting our fan's and communities first," Scarpone wrote on LinkedIn. Read more 🔴 Kaedim is the platform that makes 3D asset creation a breeze. It’s a platform that generates 3D models from 2D images in minutes, with no 3D skills required. You can use any image, from paintings to memes, and get a 3D model that’s ready to use in your game. Kaedim is powered by AI and in-house art, and delivers assets that are up to industry standards. 🟢 Get Started Today: Kaedim3d.com or Check out our Showcase: app.kaedim3d.com/showcase #gdc #gdc2024 #a16z #GameIndustryUpdates #GameDevCommunity #IndieGameDev #GameDevelopment #GamingUpdates

Sega has appointed former Disney and Scopely executive Justin Scarpone as executive vice president and head of its newly established Global Transmedia Group. Scarpone will begin his new role on April 1, and will oversee advancements across Sega's portfolio, including franchises such as Persona, Like a Dragon, and Angry Birds. "I look forward to working with our team and partners around the world, harnessing the strength of Sega's rich IP to deliver new stories, innovative consumer products, and new entertainment services, all while putting our fan's and communities first," Scarpone wrote on LinkedIn. Read more 🔴 Kaedim is the platform that simplifies 3D asset creation. It’s a platform that produces 3D models from 2D images in minutes, with no 3D skills required. You can use any image, from doodles to selfies, and get a 3D model that’s ready to use in your game. Kaedim is driven by AI and in-house art, and delivers assets that are production-ready. 🟢 Get Started Today: Kaedim3d.com or Check out our Showcase: app.kaedim3d.com/showcase #gdc #gdc2024 #a16z #UnrealEngine #IndieGameDev #GamingIndustry #VideoGames #GameIndustryUpdates

February is over, a leap year even, so lots of substance to talk about. It's not the best times to live in - but also not the worst. 2,5bn tracked in investment volume on our summary: The Walt Disney Company keeps making strategic move, probably triggered by all the M&A going on in 2023 and got their fingers into Epic Games for 1,5bn deal volume. #India seems to be active and partially defy the esports winter. NODWIN Gaming making a move to get their fingers into Europe and specifically Germany through the investment into Freaks 4U Gaming GmbH That's a total of 8M now into the company, solving various issues for Freakz and expanding Nodwin even further, after they long ago already left the subcontinent and now have a foothold in Africa, MENA and Europe. Jagex will change ownership and go fully into the hands of CVC Capital Partners. Deal value 900M and CVC has quite a long history of investing in sports and now also gaming. I got lots of 2-5M deals in the summary too, mostly game studios, peripherals, seed rounds etc. Quite some volume, considering that most people in both gaming and esports are all doom and gloom. Some of the deals are probably inspired by liquidity issues and hence nice M&A targets, but others clearly indicate somewhat of an appetite for investment being there. #esports #gaming #mergersandacquisitions #merger #acquisition #IPO #publiccompanies #investment #investor #gamedevelopment #gamestudio #entertainment

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Interesting news about Sony and Bungie this evening, according to Forbes: Sony President, COO and CFO Hiroki Totoki has now revealed what exactly is happening with a Bungie restructuring in a recent briefing. Among the details: ▶️ All of what remains of Bungie itself, about 850 people, will be contained and concentrated into Destiny 2 and Marathon development only. ▶️ There are no plans to stop development on Destiny 2 despite recent issues, though as behind the scenes reporting from Forbes has revealed previously, content will shrink in scale for the foreseeable future. ▶️ Everything else besides Marathon and Destiny 2 will move under SIE. ▶️ This includes back office functions at Bungie, including many roles that were hit by layoffs, and also “other title development” at Bungie will move under SIE. ▶️ This includes Bungie’s “Gummi Bears” project which is reported to have 40 people moving to SIE in a new sub-studio, but this is the first Forbes have heard that this will apply to other projects Bungie is incubating, of which there are a few more. ▶️ The briefing also mentioned more general talk about “cost restructuring, portfolio optimization, optimizing studio structure and enhancing efficiency” at Bungie as part of this. Source: https://lnkd.in/eibXUp5w

The confluence of multiplicity of vibrant culture-music-tech-fan experiences-youth will drive the hyper growth expected in the indian music entertainment market. The hockey stick moment for the indian music industry, into a paid eco-system is just round the corner with all the variables coming into play. We will see some huge strides in the Indian Independent Pop (iPop) category which will be the catalyst into building a wider creator-fan eco-system.

The Indian M&E sector continued its growth trajectory in 2023. Scaling Rs 2.3 trillion, it's on the path to cross Rs 3 trillion by 2026. #newmedia now garners a majority of ad revenues yet traditional media keeps growing. #gaming has a higher reach than print and radio. Catch all the insights in the latest #ficci and #ey #media and #entertainment report. I hope you find it insightful!

Great insights

Cracker of a report by the super ashish pherwani and his team at EY. You will not find a more detailed breakdown of where the Indian Media & Entertainment sectors stands at right now. This report a must read