11º Media, Videogames, MarTech & AdTech - 10th Jun
Analyst Reports:
- CTV trends to watch: Collapsing funnel, Gen Z, and more. eMarketer.
News
- Draft: a trade group representing the NYT, the Post, Disney, and NBCUniversal tells members that AI tools trained on their archives could break copyright laws (Ryan Barwick / Marketing Brew)
M&A and Private equity deals
- WME, the Hollywood talent agency arm of Endeavor (NYSE: EDR), acquired Washington, D.C.-based literary agency Ross Yoon. Link
- Beyond Music, a South Korean music investment firm, raised $170m led by Praxis Capital. Link
- The Independents, a Paris-based luxury marketing group, raised $400m co-led by TowerBrook and FL Entertainment. Link
- Lloyds Banking Group is seeking a buyer for the Telegraph newspapers and Spectator magazine, which could fetch around £600m, per Sky News. Link
- BuzzFeed (Nasdaq: BZFD) is exploring a sale of Complex Networks, per The Information. Link
IPO
- TNL Mediagene, an Asian digital media firm, agreed to go public at an implied $275m pre-money valuation, via Blue Ocean Acquisition (Nasdaq: BOCN) a SPAC led by former Gannett CEO Paul Bascobert. Link
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