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Netflix Acquires Gaming 🎮 Studio Boss Fight Entertainment
Netflix has acquired another independent gaming studio as it looks to further push into the lucrative video gaming market. The company announced the acquisition of Boss Fight Entertainment, a Texas-based mobile game developer.
The acquisition of Boss Fight Entertainment is Netflix’s third studio purchase since it set its eyes on the gaming industry last year.
Previously, Netflix had acquired Night School in September 2021, and this month it acquired Next Games.
Netflix has lesser gaming development studios compared with giants like Microsoft and Sony, which make gaming consoles and popular games. But the recent acquisitions will boost Netflix’s emerging strategy as it aims to catch up to its competitors.
“Through partnerships with developers around the world, hiring top talent, and acquisitions like this, we hope to build a world-class games studio capable of bringing a wide variety of delightful and deeply engaging original games – with no ads and no in-app purchases – to our hundreds of millions of members around the world,“ said Netflix in a statement.
Grocery Startup Gopuff Partners 🤝 With Morrisons
Grocery delivery start-up Gopuff has partnered with U.K.-based retail giant Morrisons to deliver goods in the U.K. in a matter of minutes.
The multi-year agreement will see the American instant delivery startup sell products from Morrisons through its app in over 20 cities across the United Kingdom.
The retail giant will act as the wholesaler to Gopuff, which delivers essential goods from a network of small warehouses known as dark stores.
“This partnership will enable us to deliver a very strong range of Morrisons fresh food and customer favorites to front doors across the U.K. in a matter of minutes,” said David Potts, Morrisons Chief Executive, in a statement.
The partnership marks the first tie-up of Gopuff with a rival retailer in Europe. Gopuff said that it does not have any similar arrangements in the United States. Gopuff believes that the partnership will help its continued expansion in the U.K.
“As we continue to expand Gopuff’s presence and product offering across the U.K., we’re proud to partner with one of the largest and most beloved brands in the market,” Gopuff CEO and co-founder Yakir Gola said in a statement.
Exxon Mobil Gets on Crypto Bandwagon, Uses Excess Natural Gas ⛽ to Mine ⛏ Bitcoin
American multinational oil and gas corporation Exxon Mobil has reportedly been running a pilot program that is aimed at leveraging the energy from excess gas to power crypto mining.
With this program, the company is trying to further reduce the volume of natural gas it routinely burns off or flares into the atmosphere.
Currently, Exxon Mobil has signed a deal with Crusoe Energy to use excess gas from oil wells in North Dakota to run Bitcoin miners.
The program is reportedly using 18 million cubic feet of natural gas per month, which is roughly 0.4% of the company’s operations in the state.
As of September 2021, Crusoe Energy reportedly operated 60 data centers for crypto mining across four U.S. states, powered by the excess gas from the oil company.
Instead of burning off the gas, diverting it to crypto mining also reduces carbon dioxide-equivalent emissions by as much as 63%.
Exxon Mobil had launched the project in January 2021, and now, the company plans to launch a similar project in Alaska and is considering expanding to Argentina, Guyana, Nigeria, and Germany.
Real-Time Accounting Software Startup Digits Raises $65 Million in Series C 💰
Digits, an accounting fintech for small businesses, has raised $65 million in its Series C funding round at a valuation of $565 million.
The funding was led by SoftBank’s Vision Fund and also saw participation from U.K. investor Harry Stebbings’ 20VC Growth. Existing investors GV and Benchmark also participated in the funding round.
Founded in 2018 by Wayne Chang and Jeff Seibert, Digits is a fintech company offering a visual, machine learning-powered expense monitoring dashboard, enabling startups and small businesses with real-time analysis.
Digits announced its latest funding along with the launch of its first product- Digits Reports, a live financial reporting tool for small and medium-sized businesses.
The startup has, until now, been working on an invite-only phase after first launching out of stealth mode and gathering an impressive waiting list of 16,000 users.
It is planning to add more users to its database and is working with only a few hundred intentionally so that the algorithm learns the different cases that may arise in the future.
Around the Web 🌐
Apple May Sell iPhone as a Hardware Subscription Service: Apple is reportedly working on a new subscription service through which it will sell the iPhone and iPads themselves in what could be the tech giant’s biggest push in subscription-driven sales. As part of the subscription, customers may have to pay a monthly app fee to own their devices instead of buying them through the conventional method.
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