French AI startup PhotoRoom is raising between $50 million and $60 million in funding, with a pre-investment valuation of between $500 million and $600 million, as reported by TechCrunch on January 10. The full list of investors is unclear. Balderton, who led the company's previous funding round, will also lead the round, a source said. It was also said that other previous backers also participated in the round along with the new investors. In addition to Balderton, existing backers include Adjacent, Kima Ventures, FJ Labs, Meta, Y Combinator, and a number of angel investors such as Yann LeCun, Zehan Wang (formerly of Magic Pony and Twitter), Hugging Face, and Disney+ executives, to name a few. If this funding round closes, PhotoRoom will raise a total of $70 million to $80 million. It is reported that the company has developed an AI-based image editing application and interface, which is popular with e-commerce providers, media experts, etc. Warner Bros. used PhotoRoom's API to run a social marketing campaign for the Barbie movie. In addition, companies such as Netflix and online food delivery startup Wolt are also using their tools in a wider range of use cases.

Odaily Futureverse has partnered with Ready Player One author to launch Readyverse Studios, which says it will launch Readyverse, a dynamic interactive platform for connected digital experiences, in 2024. In the first major rights deal, Readyverse Studios partnered with Warner Bros. Discovery to bring the Ready Player One franchise to the Metaverse exclusively through Web3. （GamesBeat）

According to the New York Times, Musk's X platform may lose up to $75 million (about 536 million yuan) in advertising revenue by the end of this year due to dozens of major brands suspending advertising. Musk's previous anti-Semitic remarks led to a number of companies, including Walt Disney and Warner Bros. Discovery, suspending advertising on X. According to multiple news outlets, Apple has also withdrawn its ad spend on X.

Golden Finance reported that Ubisoft announced that it would stop advertising on the X platform. Previously, it was reported that technology companies such as Apple, IBM, and Oracle, as well as Hollywood studios such as Disney, Paramount, Lionsgate, Comcast, NBCU, and Warner Bros. Discovery stopped advertising on the social media X platform.

Golden Finance reported that Ubisoft announced that it would stop advertising on platform X. Previously, technology companies such as Apple, IBM, and Oracle, as well as Hollywood studios such as Disney, Paramount, Lionsgate, Comcast, NBCU, and Warner Bros. Discovery, stopped advertising on the social media X platform.

According to news on August 19, Stephen Teglas, CEO of the NFT project Cool Cats, announced his resignation. Clon, the founder and digital artist of the project, will serve as the leader and be responsible for the overall strategy and daily operations. It is reported that Stephen Teglas previously worked for Disney and Warner Brothers, and was responsible for the brand management and commercialization of their consumer products. During his tenure at Disney, Teglas was responsible for establishing partnerships with other brands and granting franchise rights. He was responsible for projects including Mickey and Minnie, Frozen, Cars, Toy Story, etc., and the partner brands include NBA, Marc Jacobs, and Vans. During his tenure at Warner Bros., Teglas was responsible for the commercialization of projects such as DC Comics and Harry Potter.

According to news on August 19, Stephen Teglas, CEO of the NFT project Cool Cats, announced his resignation. Clon, the founder and digital artist of the project, will serve as the leader and be responsible for the overall strategy and daily operations. It is reported that Stephen Teglas previously worked for Disney and Warner Brothers, and was responsible for the brand management and commercialization of their consumer products. During his tenure at Disney, Teglas was responsible for establishing partnerships with other brands and granting franchise rights. He was responsible for projects including Mickey and Minnie, Frozen, Cars, Toy Story, etc., and the partner brands include NBA, Marc Jacobs, and Vans. During his tenure at Warner Bros., Teglas was responsible for the commercialization of projects such as DC Comics and Harry Potter.

Jinse Finance reported that Warner Bros. movie "The Flash" entered Web3. Warner Bros.' NFT division has launched a new Web3 experience for the recently released DC Comics superhero movie "The Flash." According to the announcement of Warner Bros. Digital Collectibles, the Web3 movie experience of "The Flash" will be launched on July 18, including NFT collectibles, AR experience, behind-the-scenes content access and 4K ultra-high-definition full film, etc. .

Odaily Planet Daily News Digital collection company Candy Digital announced that it will merge with Web3 production company Palm NFT Studio. In the future, the two companies will develop NFT projects in the fields of sports, entertainment, art and culture. At present, the two companies have reached cooperation with a series of well-known IP or events, including sports events such as MLB, NASCAR, and WWE, and entertainment giants such as Netflix and Warner Bros. (coindesk)