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Looped raises $7.7M to expand its interactive live event platform
Live events in the age of Covid-19 have largely been moved into the virtual world: we buy tickets (or simply click on a link), go to a site or app, and watch the action unfold on a screen. Your seat or mine might be just as good as that of any other audience member, but these affairs also leave a lot to be desired. Today, a startup called Looped that’s trying to build a livestreaming event service that is more engaged and interactive is announcing some funding to see how it can fill that gap.
Daily Mail & General Trust Q1 Revenue Down; Says Confident In Long-term
LONDON (dpa-AFX) - Daily Mail and General Trust plc (DMGT.L) reported Thursday that its first-quarter Group revenue was 304 million pounds, down 20 percent on a reported basis, and down 15 percent on an underlying basis. Excluding Events & Exhibitions, underlying revenues declined 5 percent.
The company noted that first-quarter revenue was in line with management expectations. Looking ahead, the company said trading environment remains uncertain, and it has continued confidence in the long-term.
In its trading update, the company said Consumer Media, which accounts for 54 percent of total revenues, recorded 9 percent drop in revenues on a reported basis, and underlying revenues fell 13 percent. Events & Exhibitions revenues plunged 95 percent, impacted by Covid-19 pandemic. This was partially offset by growth in digital advertising.
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