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NetEase Cloud Music Partners with gamma for Strategic Collaboration
NetEase Cloud Music and gamma, the global media and technology company founded by Larry Jackson and Ike Youssef, announced a multi-year strategic partnership that they say "will expand opportunities for gamma.'s global artist roster in China while deepening NetEase Cloud Music's connection to international music and culture." "Under the new agreement, NetEase Cloud Music will serve as a key launch platform for licensed recordings from gamma.'s roster of leading artists, including Ye, Mariah Carey, Sexyy Red, Usher, Snoop Dogg, and more. Beyond music distribution, the partnership will create opportunities for collaboration across artist promotion, cultural exchange, original music content, and other initiatives designed to connect global artists with audiences in China," the companies stated.
Stock Futures Decline Due to Rising Oil Prices and Treasury Yields
Stock futures fell in early Monday trading, weighed down by a jump in oil prices and Treasury yields.In pre-market trading, S&P 500 futures lost 0.37%, Nasdaq futures declined 0.63%, and Dow futures fell 0.49%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Nvidiaup 2% after announcing a $150B increase to the company's share repurchase authorizationKodiak Sciencesup 62% after saying the company has met key endpoints for both Zenkuda and tabirafusp-ted in the Phase 3 study in patients with wet age-related macular degenerationNioup 2% after signing a cross-investment agreement with Geely to form a strategic charging and battery-swap allianceNetEaseup 4% after Morgan Stanley named it a Top Pick ahead of its "landmark" game Ananta's global launch in JanuaryTeleflexup 2% after BofA upgraded the stock to Buy from NeutralLOWER -Snowflakedown 4% after announcing a $3.5B convertible senior note offeringBoeingdown 3% after discovering a glitch with 737 MAX softwareRobloxdown 5% after Jefferies downgraded the stock to UnderperformMetadown 3% after jumping 13% last week following its Muse launchGold Fieldsdown 14% after its offer was rejected by Northern Star Resources'board
Saudi Public Investment Fund Considers Merging EA with Savvy Games
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks.NEW RELEASES:Insomniac Games' highly anticipated single player action title "Marvel's Wolverine" releases today on PlayStation 5and PlayStation Pro. On Thursday, "Fire Emble: Fortune's Weave" is slated for a global release as an exclusive for Nintendo'snext-generation console, the Nintendo Switch 2. Looking ahead, "Control Resonant" is expected to debut digitally on September 24 for PC, PlayStation 5, Xbox Series X/S, and Mac, with "Silent Hill: Townfall" also set to launch worldwide that same day.COMBINATION:Saudi Arabia's Public Investment Fund is weighing merging recently-acquired Electronic Arts with Savvy Games in a deal that would bring games like "Madden NFL" and "Pokemon Go" under one umbrella, Bloomberg's Dinesh Nair and Cecilia D'Anastasio, citing people familiar with the matter. Executives at the sovereign wealth fund are exploring plans to create one of the globe's largest gaming entities in an attempt to ensure better coordination between assets, the authors say. No final decisions have been made and no moves are likely to happen until Savvy finalizes its $6B takeover of Chinese mobile gaming business Moonton, the authors note. Publicly traded companies in the space include Sony, Microsoft, GameStop, NetEase, Nintendo, Take-Two, Tencentand Ubisoft.XBOX PARTNERSHIP:Microsoft's Xboxthat Kojima Productions, a video game studio founded and led by "Metal Gear Solid" and "Death Stranding" director Hideo Kojima, announced the "next chapter" of its partnership with Xbox. "Creators have choices about where and how they bring their ideas to life. We're honored that Kojima-san has chosen XBOX to work with KOJIMA PRODUCTIONS on PHYSINT. His ambition to challenge conventions reflects the kind of creativity we want to support at XBOX," said Asha Sharma, Xbox CEO. "This expands our relationship with XBOX beyond OD. As we move forward with the development of PHYSINT, we remain committed to redefining the action-espionage genre for players around the world," said Hideo Kojima, Game Creator and Founder of Kojima Productions. In addition to "OD" and "PHYSINT," this relationship will also extend beyond games, with Xbox and Kojima Productions collaborating across film and television to bring new stories to broader audiences. The Fly notes that the announcement follows news from Sony'sPlayStation, which said it decided to "step away" from collaborating with Kojima Productions on "Physint."UPDATES:Robloxannounced new innovations at its 12th annual Roblox Developers Conference, an invite-only event for Roblox's creator community of developers, artists, designers, brands, and influencers, the company announced. "Celebrating 20 years of platform innovation alongside its community, the company unveiled updates that aim to expand play, give creators the game engine and AI tools to build things that weren't possible before, and usher in the next chapter of growth for creators. Last quarter alone, players spent 29 billion hours on Roblox, across more than 180 countries. Today, Roblox shared updates designed to let players join games anywhere, on any device or platform; stay connected between sessions; and play new formats and gameplay styles," the company stated.MORE VIDEO GAME NEWS:GameStop CEO Cohen$20.4M in common stockNintendo'Metroid Ravenous,' new 3D 'Kirby' during Direct
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