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Press Start: The Rise of Video Game IP
by Lucy Goddard, Senior Director, Client Solutions
TL;DR
In a hurry? Here's our pick of the top news items of the week.
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Next month, Warner Bros. Discovery will rebrand HBO Max to Max and will add Discovery+ content to the service. (Variety)
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Microsoft’s new Bing integration for its SwiftKey app lets users chat with the AI bot directly from their mobile keyboard. (The Verge)
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Amazon is introducing a cloud service called Bedrock that developers can use to enhance their software with text-generating AI systems. (CNBC)
Audiences
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About 1 in 4 US adults either spent less on or stopped paying entirely for various entertainment expenses due to inflation. (Morning Consult)
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52% of US Gen Z adults are frequent travelers, on par with Millennials. (Morning Consult)
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70% of US adults, including 83% of weekly AI users, believe current AI tools are capable of achieving artificial general intelligence. (Morning Consult)
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91% of Mexican households with fixed broadband watch movies, series or events online. (BBVision)
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In the US, Millennials are the age group most likely to buy products or services advertised on podcasts. (Insider)
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The pandemic has fueled a large increase in viewing of English content in India, with 65% of the urban Indian SVOD audience now watching English content. (Ormax Media)
Platforms
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Google TV expanded its free streaming lineup to over 800 live TV channels. (Tech Crunch)
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Instagram added new features to its creator marketplace and expanded access to brand agencies. (Tech Crunch)
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Microsoft’s PC Game Pass launched in 40 new countries. (The Verge)
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Peacock subscribers can now stream content on Meta Quest devices. (Tech Crunch)
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Google will shut down Currents, the work-focused Google Plus replacement. (The Verge)
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Pinterest announced new safety tools and parental controls. (Tech Crunch)
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NPR announced it is quitting Twitter after a dispute with the social media platform over its editorial independence. (Mediaite)
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New Australian “total TV” ratings data, known as VOZ, is expected to launch in May to better reflect how Australians are consuming TV. (TV Tonight)
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Channel 4 will launch a high impact digital advertising experiment. (Digital TV Europe)
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Porsche will allow passengers to stream film and TV on built-in screens. (The Guardian)
Content
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YouTube started its presale of NFL Sunday Ticket subscription, with presale ending in June. (Tech Crunch)
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Succession hit a series high of 2.5M viewers when HBO aired episode 3 of the final season. (Variety)
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Netflix announced a straight-to-series order for an untitled animated series set within the Stranger Things universe. (THR)
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The Super Mario Bros. Movie exceeded expectations in its weekend debut, bringing in $377M globally and $204.6M domestically. (Axios)
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Paramount+ has become an official partner of Formula 1, as it pushes deeper into sports content. (Deadline)
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Snap has signed new music licensing deals to expand its Sounds library. (Tech Crunch)
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Spotify is targeting radio broadcasters with its latest product update that will make it easier to covert radio shows into on-demand podcasts. (THR)
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South Korea is now the largest producer of hit series globally for Netflix outside the US, with more than 60% of its customers having watched a Korean show last year. (Bloomberg)
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Warner Bros. Discovery is planning to add live sports to its Max streaming service. (CNET)
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Endeavor could bundle the streaming rights for both UFC and WWE. (Sports Pro Media)
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Premier League football clubs rejected a £15M Netflix series, deeming the offer too low. (Talk Sport)
_Tech_ _&_ AI
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Researchers populated a tiny virtual town with AI, and it was very wholesome. (Tech Crunch)
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OpenAI will start paying people as much as $20K to help the company find bugs in its AI systems. (Bloomberg)
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Microsoft is bringing Windows 11 to its HoloLens 2 headset. (The Verge)
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BGaming launched a new themed slot, Alien Fruits, that includes AI-generated graphics. (Yogonet)
Location-based _entertainment_
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Atlantic City's casinos are still feeling the impact of the pandemic, with profits down 4.6% YoY in 2022. (Yogonet)
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Slowing consumer spending, reduced availability of credit and rising penetration of e-commerce may contribute to the closure of 50K US retail stores by 2027. (Retail Dive)
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BTS will launch an immersive fan experience to celebrate the group’s 10th anniversary. (Rolling Stone)
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Australia’s second largest movie theater operator, Hoyts, has been put up for sale. (Variety)
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Disneyland will close Splash Mountain on May 31st for an extensive reimagining process. (KTLA)
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Katy Perry announced the final performance dates of her Las Vegas Strip residency, with the last show being November 4th. (Fox)
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Event organizer Billy McFarland announced that Fyre Festival is making a return. (E!)
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The Cannes Film Festival unveiled the lineup for its 76th edition which includes films from Martin Scorsese, Wes Anderson, and Catherine Breillat. (Variety)
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Detroit casinos reported $119.2M in gaming revenue during March, a 12% increase MoM. (Yogonet)