Snap launches Snap Map, YouTube announces 180 degree VR format & MTG acquires games publisher Kongregate: this week in media

Snap launches Snap Map, YouTube announces 180 degree VR format & MTG acquires games publisher Kongregate: this week in media

SnapChat launches Snap Map via French acquisition

SnapChat this week announced the launch of a Snap Map, via the $200 million acquisition of social mapping Paris-based start-up Zenly.  Read more on Techcrunch >>

YouTube announces new 180 degree VR format

YouTube is releasing a new video format called VR180 so creators can have an easier time creating video for virtual reality - all part of YouTube’s ongoing bid to make itself the leading depository for VR footage.  Read more on Recode >>

MTG acquires games publisher Kongregate

Swedish entertainment company Modern Times Group (MTG) has acquired GameStop’s Kongregate for an enterprise value of $55 million, the two announced today - adding to MTG’s recent acquisition of Hamburg-based InnoGames.  Read more on VentureBeat >>

Macedonian publishers get hit by Facebook

Publishers based in the Macedonian city of Veles famed for their Fake News sites during the US election have been hit by Facebook’s anti-spam policy, with the closure of several million+ fan pages.  Read more on Buzzfeed >>

Facebook launches new local communities functionality

Facebook continues its focus on supporting local communities by adding a whole host of new features to its Groups product, including group insights and membership filtering.  Read more on Facebook blog >>

Google automates local news journalism, Snapchat Discover expands in France & Facebook subscriptions set to launch: this week in media

Google automates local news journalism, Snapchat Discover expands in France & Facebook subscriptions set to launch: this week in media

EU rules against Pirate Bay, mobile dominates video consumption & Oath launches with lay offs: this week in media

EU rules against Pirate Bay, mobile dominates video consumption & Oath launches with lay offs: this week in media