Entertainment

Deals & More: A Few Announcements

Deals & More: A Few Announcements

The San Francisco based Company, Scenechronize has grabbed $5 million to fund a production of a film in Hollywood. According to the filing with the SEC the funding has parts of classified funds such as a $1.2 million has been raised in equity funding for the production management software.

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Zynga acquires “Words With Friends” developer NewToy

Zynga

In a move that clearly reflects Zynga’s strongest ever intentions of emerging as a mobile powerhouse, the company announced on Thursday that it has acquired NewToy, a mobile game developer based in Texas.

Chris Wright to sell Chrysalis music group to BMG for nearly £110 million

Chrysalis music group

According to reports, Chrysalis music group will be taken over by BMG - a joint venture between German media group Bertelsmann and US equity bigwig Kohlberg Kravis Roberts – for almost £110 million.

Music piracy no longer be there for internet users

Music piracy no longer be there for internet users

Warner Music, Universal Music Group, Sony BMG and EMI have thrown light on the sorry state of music piracy and have dragged the case against UPC, one of Ireland's largest broadband providers, in order to establish a legal precedent that would push the internet service providers to cut off illegal file sharers' internet connections.

Lions Gate adopts a new shareholders' rights plan

Lions Gate adopts a new shareholders' rights plan

One of the leading entertainment-related companies, Lions Gate Entertainment Corp said that it is going to adopt a new shareholder rights plan. This, said that company, has been done so that it is able to deter the plans of billionaire, Carl Icahn's hostile takeover plans.

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