Renowned curator of Angry Birds, Rovio Entertainment Corporation, has reportedly signed an agreement to acquire 100% shares in Ruby Games, a leading Turkey-based hyper-casual studio. Notably, Ruby Games developed the hit game, Hunter Assassin, which ranked as the sixth most downloaded game across the world in 2020.
Sources reveal that Rovio, with regards to the agreement, would be acquiring Ruby Games in multiple tranches. Under the first tranche, the company would acquire 20% of Ruby’s shares for $10 million in cash. Apparently, the anticipated closing for this first tranche is slated for the end of Q3-2021 or the beginning of Q4-2021.
INK Entertainment, a hospitality and entertainment company, has recently announced plans to expand its U.S. footprint with 5 new openings across South Florida in the next 8 months. The five new openings will join the existing and highly lauded restaurant, Byblos Miami, and help the company drive significant growth in the South Florida market.
INK, managed by visionary entrepreneurs like Ricardo Tabet, Danny Soberano, and Charles Khabouth, is among the well-known and avant-grade entertainment firms, controlling hospitality venues and properties across North America. Initially, its expansion plan will begin with an injection into the Miami market. It apparently operates a ra
South Korea-based entertainment companies namely HYBE Corporation, CJ Entertainment, and Kakao Entertainment are reportedly in the race to acquire the shares of Lee Soo Man in SM Entertainment.
Lee Soo Man is apparently the largest shareholder, who owns an 18.73% stake in SM. Following the acquisition of his stake, the new shareholder will gain the management rights of the entertainment company.
Sources familiar with the matter have reportedly cited that Kakao, CJ, and HYBE have recently proposed to acquire SM Entertainment. The three companies are seemingly presenting favorable scenarios to win the acquisition battle. According to SM&r
HBO Max, a subscription-based video-on-demand streaming service has reportedly collaborated with Snapchat, to introduce a new group watch tool for an enhanced co-viewing experience. The feature will bring full-length episodes of popular HBO Max series to the social media platform, where users will be able to stream select series pilots with nearly 63 other users.
The recently announced feature will be offered via HBO Max Minis, a part of Snapchat Minis, which was introduced in 2020 to deliver third-party app experiences in Snapchat. Minis gives users the ability to take various actions, from purchasing movie tickets with friends using Atom, to meditating with the help of H
The Hain Celestial Group, Inc. – a leading American food and personal care company has reportedly launched a line of novel products including Celestial Seasonings, Sensible Portions, and JASON. This move has been made to meet the changing consumer demands amidst the COVID-19 pandemic along with fulfilling its growth strategy.
Due to the increasing shift towards healthier food choices, Sensible Portions is expanding on its highly- acclaimed Garden Veggie Straws line by offering new Garden Veggie Puffs.
Notably, these come in three different flavors- Sour Cream and Onion, Screamin’ Hot, and White Cheddar. They are
Bloomingdale’s, an American luxury department store chain, is reportedly set to open its first-ever Bloomie’s store, a 22,000-sq.ft. unit, on 26th August 2021. This new unit will be located at the Mosaic District shopping center in Fairfax, Virginia.
Over the past months, several other department store companies such as Macy’s Inc., Target Corp., and Kohl’s have also cracked the small-store code through the launch of their small format units.
For the record, Bloomie’s will emphasize advanced, luxury, and contemporary labels and services like alterations, customization, and personalization. Its cu