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...TikTok has failed in its attempts to restart negotiations with Universal Music, according to people familiar with the matter, leaving two of the most powerful companies in entertainment deadlocked over money...
...When entertainment companies first competed in streaming they began by hoarding their most popular TV shows and films....
...Like other traditional entertainment companies, Warner Bros has recently started licensing more of its shows to Netflix, including Band of Brothers and Sex and the City — a reversal of their previous strategy...
...The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5bn in the past year from the streaming services they built to compete with Netflix....
...“That’s where these car companies are now seeing their long term future: selling you an entertainment package to effectively enable in-car media apps,” says Tett....
...content across traditional television and streaming platforms, while also licensing it to other companies....
...But “first-mover advantage”, combined with the fine-tuned technology used by DraftKings and FanDuel, mean “it’s going to be pretty difficult for any other companies to break 10 per cent market share”, predicted...
...However Twitter, which was bought by billionaire entrepreneur Musk for $44bn in October, has failed to secure any licensing agreements with music rights’ holders....
...Reese Witherspoon sold her company Hello Sunshine to Blackstone for $900mn in 2021, for example, and Blackstone-backed Candle Media took a $60mn stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc...
...Reed Hastings, who stepped down as Netflix chief executive on Thursday, co-founded a company that has became the byword for a tech revolution in the entertainment business....
...“We’re one of those companies.” HBO Max has been unable to launch in the UK due to a licensing agreement with Sky....
...It has since expanded into a broader entertainment platform — with about 4m creators streaming material each month — and has prospered in the lockdown economy....
...The entertainment juggernaut shut down its games studio in 2016 and transitioned to a licensing model....
...A strong reception from global viewers and a rare 100 per cent critic score on review site Rotten Tomatoes have sparked indiscriminate buying of shares of local entertainment companies in the past fortnight...
...Growing demand for content is pushing up licensing fees. Local studios already boast fat production margins of about 40 per cent....
...However, such technology will require a new and costly round of licensing deals. “We’re not naive, things can change,” said Jackson....
...Universal Music, the industry goliath that commands a third of the US music market, last year announced a new licensing deal with Spotify....
...they still lack the scale to compete in the fast-changing digital entertainment landscape....
...Due to a licensing agreement, Z Holdings was able to use the Yahoo brand only within Japan, in general. A version of this article was first published by Nikkei Asia on March 1 2021. ©2021 Nikkei Inc....
.... ©2021 Nikkei Inc....
...The company recently claimed anime would be its new cornerstone content....
...A major hurdle for both companies is that some of the biggest games makers opt to use their own engines rather than licensing independent products....
...ViacomCBS, which owns Nickelodeon and the Paramount studio, is expected to spend around $13.5bn on commissioning or licensing content, Disney around $11bn and NBCUniversal close to $9.5bn....
...French footballer and Fifa World Cup winner Antoine Griezmann took to Instagram to terminate his partnership with Chinese technology company Huawei, citing “suspicions” the company had developed facial recognition...
...In his hands are some of the most legendary, profit-spinning, award-hoarding entertainment companies in the history of movie and TV making....
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