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Disney Just Threw a Punch in a Major AI Fight

Wired · 2m ago

Disney Just Threw a Punch in a Major AI Fight

Disney and Universal are suing AI startup Midjourney for allegedly reproducing their copyrighted content in what they call a “bottomless pit of plagiarism.” The lawsuit highlights tensions between AI tech and intellectual property. Midjourney's new video generation tool is also under scrutiny for generating videos with copyrighted characters, showing ongoing conflicts in the use of copyrighted material in AI models. The case may influence future legal frameworks around AI and intellectual property.

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Disney Fight Marks Cable TV’s Last Stand

Livemint

Livemint · 1y ago

Disney Fight Marks Cable TV’s Last Stand

The alliance between TV programmers and distributors in the $200 billion TV industry is crumbling as streaming takes center stage. Disney's dispute with Charter Communications, the No. 2 pay-TV provider, has left 15 million Spectrum cable subscribers without Disney channels, potentially leading to a mass exodus. Entertainment giants like Disney are moving high-value content to their streaming services, while distributors like Charter are struggling to profit from cable TV. This conflict reflects the changing landscape of television, with streaming services gaining prominence and traditional cable subscriptions declining rapidly.

Exclusive: Kunal Shah-backed Punch to raise fresh funds

Entrackr

Entrackr · 5m ago

Exclusive: Kunal Shah-backed Punch to raise fresh funds

Stock broking platform Punch is raising Rs 26 crore (approximately $3 million) in its extended seed round from new and existing investors. This comes just after 7 months of its $7 million seed round. The board at Punch has passed a special resolution to issue 1,27,650 pre-Series A4 CCPS at an issue price of Rs 2,036 each to raise Rs 26 crore, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Existing investors Stellaris Venture Partners and SIG Venture Partners will invest Rs 8.66 crore each, while new investor Four SB Ltd (Mauritius-based) will also participate with Rs 8.66 crore during the round. The company will use the proceeds for growth, expansion, and general corporate activities, as per filings. Entrackr estimates that Punch will be valued at around Rs 157 crore or $18.5 million (post-money). According to the startup data intelligence platform TheKredible, existing investors Stellaris Venture Partners and SIG Venture Partners will each hold a 15.9% stake in the company, while Four SB will own 5.5% (post-allotment). Punch is a mobile-first stock trading platform designed to make options trading seamless for both beginners and seasoned traders. It enables users to trade index options, stock options, and equities on the NSE and BSE exchanges. Punch has raised over $13 million to date across rounds including its $7 million seed round from Stellaris Venture Partners, Susquehanna Asia VC, Prime Venture Partners, and Innoven Capital. Its notable angel investors include Kunal Shah (Cred), Vatsal Singhal (Ultrahuman), and Nitish Mittersain (Nazara). For the fiscal year ending March 2024, Punch reported an operating revenue of Rs 7.2 crore, up from Rs 6.96 crore in FY23, while incurring a loss of Rs 1.68 crore during the last fiscal year.

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

VCCircle

VCCircle · 1y ago

Punch, Burma Burma, EtherealX & others get VC money; Nazara arm buys DeltiasGaming

Indian startups Punch, EtherealX, Hyperbots, Neuron Energy, matchmaking platform Juleo, and restaurant brand Burma Burma have announced successful fundraising rounds. Punch, a trading platform, raised $7m from investors including Stellaris Venture Partners and Susquehanna Asia VC. EtherealX, a spacecraft developer, secured $5m in a seed funding round led by YourNest. AI startup Hyperbots raised $2m, while electric vehicle battery manufacturing start-up Neuron Energy raised INR 20 crore ($2.7m). Dating platform Juleo secured $2.5m in angel funding, and Burmese restaurant brand Burma Burma raised a further $2m in equity investment.

Weekly Tech Recap: JioHotstar launched, Sam Altman vs Elon Musk feud intensifies, Perplexity takes on ChatGPT and more | Mint

Livemint

Livemint · 6m ago

Weekly Tech Recap: JioHotstar launched, Sam Altman vs Elon Musk feud intensifies, Perplexity takes on ChatGPT and more | Mint

This week's major tech developments included the launch of JioHotstar, combining JioCinema and Disney+ Hotstar, now India's largest streaming service. Rivalries flared as Elon Musk's attempt to buy OpenAI's non-profit arm was rejected by Sam Altman. Adobe released its AI feature for text-to-video generation, and Perplexity AI launched a Deep Research tool competing with OpenAI and Google. Apple faced delays with its Siri overhaul, impacting its AI strategy.

With Disney's magic, Fortnite is poised to win the metaverse | TechCrunch

TechCrunch · 1y ago

With Disney's magic, Fortnite is poised to win the metaverse | TechCrunch

Epic Games and Disney are partnering to create an "entertainment universe" within the metaverse, utilizing Epic's technology and Fortnite's social gaming ecosystem. Disney has invested $1.5 billion for a stake in Epic, signaling a long-term collaboration. The partnership aims to bring Disney's vast intellectual property to life within Fortnite, expanding the game into more than just a battle royale. This move positions Epic Games as a dominant player in the emerging metaverse space.

Hollywood studios target AI image generator in copyright lawsuit

Arstechnica

Arstechnica · 2m ago

Hollywood studios target AI image generator in copyright lawsuit

Disney and NBCUniversal have filed a lawsuit against Midjourney, an AI image-synthesis company, accusing it of copyright infringement by allowing users to create images of characters like Darth Vader and Shrek. The complaint, filed in Los Angeles, marks the first major legal action by Hollywood studios against a generative AI firm. The studios argue Midjourney promotes copyright violations by displaying user-generated content of copyrighted characters and not implementing copyright protection measures.

Elon Musk goes off on Disney CEO Bob Iger, says he should be 'fired immediately'

Business Insider

Business Insider · 1y ago

Elon Musk goes off on Disney CEO Bob Iger, says he should be 'fired immediately'

Elon Musk continues his feud with Disney CEO Bob Iger, stating that Iger should be fired immediately and that Walt Disney would be appalled by what Iger has done to the company. Musk's comments came in response to news that New Mexico's attorney general had filed a lawsuit against Meta and its CEO Mark Zuckerberg, alleging that their social networks were not doing enough to protect children from exploitation. Musk also accused Disney of advertising on Meta, despite pulling their ads from his platform. This is just the latest in a string of attacks by Musk on advertisers who have left his platform.

Apple set for music, TV streaming fight in India after Airtel deal

Livemint

Livemint · 12m ago

Apple set for music, TV streaming fight in India after Airtel deal

Apple's partnership with Bharti Airtel, India's second-largest telecoms firm, aims to boost Apple's presence in the Indian content market where it lags behind competitors like Spotify and Disney. Through this collaboration, Apple will offer free music and video streaming to many of Airtel's 281 million customers, expanding the user base for Apple TV and Apple Music. With this move, Apple aims to strengthen its position in India, a market where it has focused on manufacturing but has struggled to capture a significant market share for its devices.

Actors, Hollywood studios still at odds on AI and other issues, union says

Economic Times

Economic Times · 1y ago

Actors, Hollywood studios still at odds on AI and other issues, union says

Actors and major Hollywood studios are still in disagreement over the use of artificial intelligence (AI) and other issues. The SAG-AFTRA union presented a revised proposal to the Alliance of Motion Picture and Television Producers (AMPTP), which represents companies like Netflix and Disney. The union is seeking limits on the use of AI in creating movies and TV shows. Negotiations are ongoing, and the strike has resulted in picketing and production shutdowns, costing the California economy billions of dollars.

Netflix earnings show that YouTube is the streamer to fear

Livemint

Livemint · 1m ago

Netflix earnings show that YouTube is the streamer to fear

Netflix has successfully faced competition from major players like Disney, Amazon, and Apple, yet now sees Alphabet’s YouTube as its most formidable competitor. Despite a 47% surge in Netflix's earnings per share and maintaining an 8.3% viewer share in the U.S., recent results highlight YouTube's growing prominence. Netflix’s share remains almost double that of all Disney channels combined. The evolving rivalry underscores the intensifying competition in the streaming market.

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