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Twitch Reaches Agreement With National Music Publishers Association
Twitch and the National Music Publishers’ Association (NMPA) have reached a long-awaited agreement focused on building “productive partnerships” between the live streaming service and publishing organization.
However, this is not a licensing deal, but it looks to be the first step towards better discussions, following tensions between the music industry and Twitch.
Under this agreement, Twitch will do a financial settlement for its past usage of music on the platform.
Moreover, it will also include a time window during which the two parties will negotiate an arrangement for handling music use on Twitch in the future.
As part of the deal, Twitch is offering NMPA members an opt-in deal that will allow future collaborations to bring new facets to both the gaming experience and songwriter exposure.
More details of the agreement are expected to be announced in the coming weeks; however, this deal could prove mutually beneficial, giving musicians the ability to make their songs reach wider audiences.
Netflix Acquires Roald Dahl Catalogue
Netflix has acquired the Roald Dahl Story Company for an undisclosed amount, providing it access to the full catalog of works from the famous British author.
The acquisition extends a relationship between the two companies that started in 2018 with an opening pact that gave the streamer access to 16 titles for animations adaptations.
Netflix said that the projects on Dahl opened its eyes across animated and live-action films and TV publishing, live theatre, games, immersive experiences, consumer products, and much more
In a blog post, Ted Sarandos, Co-CEO, and Chief Content Officer, and Luke Kelly, managing director of the Roald Dahl Story Company, said that the deal builds on the partnership it started three years ago to create a slate of animated TV series.
“Academy Award-winning filmmaker Taika Waititi and Academy Award nominee Phil Johnston are now hard at work on a series based on the world of Charlie and the Chocolate Factory. In addition, we’re working with Sony and Working Title on an adaptation of Matilda The Musical”, added the blog post.
Project44 Acquires Convey For $255 Million
Project44, a Chicago-based supply chain visibility solutions provider, announced that it has acquired last-mile delivery startup Convey for $255 million.
Supply chain platform Project44 says that it and Convey will together serve end-to-end global supply chain and offer insights to helps brands provide new direct-to-consumer and e-commerce experiences.
With the acquisition, Project44 and Convey will link over 880 global shippers and third-party logistics providers with a network of about 113,000 carriers, 2.6 million assets, and 9+ billion shipments.
Post-acquisition, Project44 will add carrier, shipper, sellers, and logistics products to its offerings from Convey. It will also give Project44 the ability to resolve parcel delivery issues through automated customer communications.
Jointly, these companies will use artificial intelligence (AI) to offer ways for businesses to react to downstream changes like shipping delays, ETA changes, COVID-related worker shortages, and port closures.
The acquisition of Convey will give Project44 all the way to reach the front doorstep and help its partners become more proactive and efficient so that they can get customers the products they want at their required times.
Bitcoin Mining Expected to Account 0.9% of World CO2 Emissions by 2030
According to a study conducted by the New York Digital Investment Group (NYDIG), Bitcoin’s energy consumption will remain below 0.5% of the global total over the next decade.
Dubbed as “Bitcoin Net Zero,” the study conducted by Castle Island Ventures partner Nic Carter and NYDIG founder Ross Stevens shows that Bitcoin’s energy consumption will not surge in the coming years.
The same will apply to the resultant carbon emissions of Bitcoin, whether or not Bitcoin prices increase over the same period.
The research predicts Bitcoin’s mining future growth based on the data from 2020. The researchers analyzed BTC miners’ historical power use as a function of network hashrate and equipment efficiency.
Researchers found out that Bitcoin consumed 62 terawatt-hours (TWh) of electricity for the year 2020. Therefore, it created 33 million tonnes of CO2 emissions in the same year.
In addition, it accounted for only 0.04% of world energy consumption and 0.1% of global carbon emissions.
The authors claimed that the carbon waste associated with Bitcoin mining was “insignificant in global terms” during 2020.
However, the report states that plans for “decarbonizing” Bitcoin mining show significant promise for the future.
Around The Web
🔑 Facebook Says It Has Spent $13 Billion on Safety, Security: Facebook Inc. said that it has spent over $13 billion on safety and security efforts since the 2016 U.S. election and now has 40,000 employees working on those issues. These 40,000 workers include outside contractors who focus on content moderation.
🛍️ BNPL Startup ZestMoney Raises $50 Million: Buy now and pay later concept is gaining momentum worldwide. Recently, an Indian-based ‘buy now, pay later’ startup ZestMoney has raised $50 million in its Series C funding round led by Australian peer Zip Co Ltd. ZestMoney plans to use the funds to expand the product suite, deepen the transaction network, improve its balance sheet capacity and launch new business lines in insurance and savings.