Coronavirus Updates: USC/UCLA Unite on 3-D Masks; Hollywood Preps for M&A
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  • USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope
  • Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 fallout

    Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 fallout

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    MoffettNathanson analyst Michael Nathanson made a rather dire prediction for the future of the entertainment industry: Prepare for Hollywood studios to consolidate through acquisitions as a way to fiscally survive the global coronavirus pandemic. With movie theaters shuttered (for the time being), the streaming world is now the most dominant channel to distribute content. "Heading into 2020, we had argued that the fundamental pillars of media were starting to crack," Nathanson wrote in the Friday report. "Now, we fear that they will crumble as customer behavior permanently shifts to streaming models. The impact should be felt in both the traditional TV ecosystem and the film industry as content producers re-examine the economics of producing linear TV content and feature films. As a result, when this is all done, the top streaming platforms – Netflix, Amazon and Disney – will emerge with the lion's share of scripted content creation." This could have major ramifications for studios like Sony Entertainment, which has long rumored to be on the auction block. Lionsgate, another smaller studio with both film and television assets, could also be eyed as a potential takeover target.

    USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope

    Traditional rivals USC Marshall School of Business and UCLA Anderson School of Management united earlier in April to fuel a search for solutions to problems caused by the coronavirus pandemic. The joint effort, an online hackathon called Hack for Hope, involved 600 students from both schools that created 89 projects aimed at helping out during the coronavirus pandemic. Taking away the big prize was a joint project between students at both schools that created 3-D printed, reusable respirator masks that can be easily disinfected. The students also made the print pattern available to others to replicate.

    "We were very impressed by the global scope of the teams; they included undergraduates, graduate students and alumni, along with professionals from business, technology, health care, edtech and entertainment," said Elaine Hagan, associate dean of entrepreneurial initiatives at UCLA Anderson School of Management and executive director of the school's Harold and Pauline Price Center for Entrepreneurship & Innovation. "Their ability to provide real-time solutions that have already benefited at-risk community members has given the organizers confidence that we have moved from hope to impact, for which participants should be commended."

    Each team was asked to submit a two-minute video describing the problem and their solution. Judges awarded a total of $38,500 in prize money to the most promising projects — specifically, to fund prototype development, proof of concept work or community outreach directed at students or workers in need of extra support at this time.

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    TikTok Parent ByteDance Eclipses $1B in Mobile Games Sales

    Kristin Snyder

    Kristin Snyder is an editorial intern for dot.la. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.

    TikTok Parent ByteDance Eclipses $1B in Mobile Games Sales
    Photo by Solen Feyissa on Unsplash

    TikTok parent company ByteDance’s big bet on mobile gaming is paying off.

    The Chinese tech giant’s growing portfolio of mobile games has brought in more than $1 billion in revenue over the past 12 months, according to a report by data analytics company Sensor Tower, which examined player spending from Apple’s App Store and Google Play dating back to June 2021.

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    Netflix Turns To Asia To Boost Its Stalled Subscriber Growth

    Christian Hetrick

    Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

    Netflix Turns To Asia To Boost Its Stalled Subscriber Growth

    Netflix will invest more in Asia in a bid to revive its sluggish subscriber growth, betting on the lone region where the company added customers during an otherwise disappointing first quarter.

    Bloomberg reported Monday that the streaming giant will grow its investment in Asia despite plans to reign in spending overall across the company. That will include financing the production of local films and series for that market, Tony Zameczkowski, Netflix’s vice president of business development for Asia Pacific, told the news outlet.

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    No Venues, No Roadies — Encore Wants To Enable Concerts From Your Phone

    Christian Hetrick

    Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

    No Venues, No Roadies — Encore Wants To Enable Concerts From Your Phone
    Photo courtesy of Encore

    Live performance app Encore, co-founded by rapper Kid Cudi, wants to put concerts in people’s pockets.

    The Culver City-based company is among a bunch of virtual concert startups to emerge as the pandemic forced musicians to cancel or postpone in-person shows. But unlike competitors that are producing shows for virtual reality headsets or putting pay-per-view concerts on computers, Encore is betting fans will watch their favorite artists on smartphones. Think of it as a higher quality Instagram Live, with artists performing before augmented reality (AR) backgrounds and video chatting with fans.

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