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UTA Prices $200M IPO for SPAC Targeting Gaming, Creator Economy

A special purpose acquisition company (SPAC) backed by United Talent Agency has priced its initial public offering at $200 million, and plans to use that capital to pursue a company in the…

South Korea’s CJ ENM to Acquire Controlling Stake in Endeavor Content

Endeavor has struck a deal to sell a majority stake in its Endeavor Content studio to South Korean media giant CJ ENM, the company behind films like Parasite and Snowpiercer, for $775…

Gravitas Ventures Sold to Anthem Sports & Entertainment for $73M

German media giant ProSiebensat 1 is selling the independent film distributor Gravitas Ventures to Anthem Sports & Entertainment, a holding company that owns AXS TV, HDNet Movies, Impact…

Sony Sells GSN Games Studio to Scopely for $1B

Sony Pictures Entertainment will sell its video game studio GSN Games to the mobile gaming firm Scopely in a deal valued at $1 billion. The deal, which is a 50-50 mix of cash and Scopely…

Magnolia Pictures Exploring Sale

The independent film distributor Magnolia Pictures is exploring a potential sale, someone familiar with the process confirmed to The Hollywood Reporter. Magnolia, which is owned by Mark Cuban

Former CBS Interactive Chief Jim Lanzone Named CEO of Yahoo

Former CBS Interactive CEO Jim Lanzone is returning to the media sector. Lanzone, who has been the CEO of dating app Tinder for the last year, will become CEO of Yahoo, which last week spun out…

BuzzFeed Revenue Rises as Plans to Go Public Stay on Track

BuzzFeed says that its revenue rose by more than 50 percent in Q2 of 2021, reflecting improvements in the advertising and ecommerce spaces. In a revised filing with the SEC, the digital…