Media Investment | Business
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Saudi Arabia is to invest US$64 billion in its entertainment sector over the next ten years, as part of a programme of reforms backed by Crown Prince Mohammed bin Salman.

The creative services and media ventures company Big Block Capital Group has made a strategic investment in Ripplebox, the live broadcasting and experiential marketing company.

Content enablement platform Vydia has completed its initial close of $7 million Series A funding.

Gaming-focused digital network Machinima is revamping its brand identity in an effort to evolve the company from a traditional YouTube channel to a more traditional property.

Advertising investment continues to grow in Spain, driven by digital media and TV, but are far below the market highs of 2007.

The newly-created Latin American division of Liberty Group has closed its first financial operation, acquiring an 80% controlling stake of Cabletica.