Former Disney chair says he has ‘always been drawn to the intersection between technology and art’
Former Disney chair Bob Iger is investing in, and joining the board of, metaverse start-up Genies, the company said on Monday, in the executive’s first such move since leaving the entertainment giant at the end of 2021.
Genies, popular among celebrities such as Rihanna, Lil Nas X and Jennifer Lopez, said it owns 99% of the celebrity avatar market share and includes Universal Music Group and Warner Music Group as clients, for whom it also makes NFTs, or nonfungible tokens . “I’ve always been drawn to the intersection between technology and art, and Genies provides unique and compelling opportunities to harness the power of that combination to enable new forms of creativity, expression and communication,” said Iger, who has spent more than a decade in Disney.Genies has raised $100m so far from venture capital investor Mary Meeker's firm Bond and Brayer Capital, among others.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pierre-Emerick Aubameyang Scores Five Goals In Six LaLiga GamesPierre-Emerick Aubameyang finds himself in the company of some legendary Barcelona players after his goal against Osasuna on the weekend saw him join the likes of Ronaldo Nazario and Zlatan Ibrahimovic. SLInt MORE:
Read more »
ITWeb | Business Technology NewsA summary of the top business technology stories shared by ITWeb between 7- 12 March headlines 2022. Visit for more news.
Read more »
Investors crank up pressure on companies over green dataMoney managers demand better information on environment to analyse boards’ performance
Read more »
Investors crank up pressure on companies over green dataMoney managers demand better information on environment to analyse boards’ performance
Read more »
PODCAST | Consumers are in for a bumpy Q2 2022Mudiwa Gavaza is joined by Emile du Plessis, a behavioural economist at Standard Bank
Read more »
PODCAST | Consumers are in for a bumpy Q2 2022Mudiwa Gavaza is joined by Emile du Plessis, a behavioural economist at Standard Bank
Read more »