Reuters: U.S.

Wednesday, August 7, 2019

Snapchat To Raise $1 Billion In Debt Financing – In Part For Acquisitions, Instagram Hires Exec To Work With Meme Accounts, Nike Balls With Collab

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Snapchat To Raise $1 Billion In Debt Financing, In Part To Fund Acquisitions


Snapchat's parent company Snap has announced plans to raise $1 billion in debt financing. The difference between debt financing and traditional equity funding is that Snap will agree to pay back its investors, as opposed to giving them an ownership stake in the company. That said, the convertible notes that Snapchat is offering are a form of debt that typically converts into equity.

Nike And Collab Teamed Up To Let VidCon Attendees Get Their Game On With David Dobrik, Liza Koshy, And More

 
At this year's VidCon, convention partner Nike — along with digital talent network and entertainment studio Collab — gave dozens of young attendees the chance to hang out and get active with notable creators like Liza Koshy as well as top athletes like Olympic gymnast Gabby Douglas.

Actor Wil Wheaton Sues Geek & Sundry For Shorting Him On Web Series Payment

 
The actor Wil Wheaton, perhaps best known for his stints on Star Trek: The Next Generation and The Big Bang Theory, has filed a breach of contract suit against digital outfit Geek & Sundry alleging that he has not been paid his share of profits from the role-playing game show Titansgrave: The Ashes Of Valkana — which he created, wrote, and executive produced.

Social Good Creators: YouTube's Up-And-Coming K-Pop Queen Wengie Is Using Her Voice To Change The World

 
Even if you don't know who Wengie is, there's a good chance you've probably heard her voice.

CAA Signs 'Game Grumps', Inks Book Deal For Gaming And Comedy Duo

 
CAA is continuing to build out its gaming contingency with the signing of popular YouTube channel Game Grumps.

Kids' Content Purveyor Moonbug Acquires Children's Soccer Series 'Supa Strikas'

 
Moonbug, the highly-funded digital kids' content startup, has made its inaugural push into sports today with the acquisition of children's animated soccer brand Supa Strikas. The purchase price was not disclosed.

Following Platform-Wide Purge, Instagram Hires First Exec To Interface With Meme Accounts

 
Following a purge of 142 meme accounts last week — who have collectively amassed millions of followers on their Instagram pages that curate and re-share viral posts from elsewhere across the web — the Facebook-owned platform is looking to hire a go-between for creators in the contentious space.
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