Mix a skinny version of the traditional bundle with a few choice streaming services, add some cloud-based video gaming, deliver it all through a super-fast broadband connection and voila, you have a possible revival of what was the most lucrative entertainment sector of the past few decades.
Capitalizing on its strength in video gaming, UTA is in the process of raising $200 million through a SPAC designed to pursue acquisitions of gaming-related companies. On Wednesday, UTA confirmed that the UTA Acquisition Corp. has launched an offering of 20 million shares priced at $10. Shares will trade on Nasdaq as of Thursday under the ticker symbol UTAAU and the offering is expected to be completed by Dec. 6.
Creative Solutions, a division of The Vitec Group has purchased Lightstream, a tech company that builds a cloud-native live video platform, broadcast software and creator tools with specialization in the […]
