Entertainment & Media Briefing: Mar 8 (5 stories)
Sunday, 8 Mar 2026 Weekly Entertainment & Media GLOBAL
Here is your Weekly summary for Entertainment & Media across the world for Mon 2nd March - Sun 8th March 2026
NetEase Inc. is halting funding for Nagoshi Studio, led by Yakuza creator Toshihiro Nagoshi, as part of a broader strategy to scale back its gaming operations. This move highlights the challenges facing game developers amid tightening budgets in the industry. Meanwhile, Axel Springer SE is acquiring the UK’s Telegraph Media Group for £575 million, a significant consolidation in European conservative media that could reshape the landscape.
In gaming, Nintendo faces potential setbacks for its Switch 2 due to rising data storage costs, complicating its efforts to create a robust ecosystem. On the streaming front, the Tennis Channel has joined Amazon's platform, signaling a push to expand its digital reach. Additionally, Audible is introducing a more affordable subscription plan to compete with Spotify, reflecting the intensifying rivalry in the audio streaming market.
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Axel Springer to Buy Telegraph Newspaper for £575 Million
Bloomberg Technology 6 Mar 2026, 11:54amAxel Springer SE has agreed to buy the UK’s Telegraph Media Group for £575 million ($766 million) in cash, in a deal that will unite two major European conservative media companies.
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NetEase to Stop Funding Nagoshi Studio as It Cuts Back on Gaming
Bloomberg Technology 7 Mar 2026, 7:55amNetEase Inc. will cut off funding to the studio led by Yakuza franchise creator Toshihiro Nagoshi, the latest to be affected by the Chinese company’s broader strategy to shrink game development activities.
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Nintendo Switch 2 Users Face Storage Woes as Memory Crisis Bites
Bloomberg Technology 5 Mar 2026, 5:15amDemand for Nintendo Co.’s profit-earning game software is under threat from soaring prices for data storage, clouding efforts to build a Switch 2 ecosystem that’s resilient to tariffs and military conflict.
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Tennis Channel Added to Amazon as Part of Broader Streaming Push
Bloomberg Technology 3 Mar 2026, 11:45pmThe Tennis Channel is looking to take a bigger swing at the online TV market.
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Audible Launches Cheaper Plan to Appeal to Streaming Audiences
Bloomberg Technology 3 Mar 2026, 3:01pmAmazon.com Inc.’s Audible is launching a cheaper plan at a time of growing competition with Spotify Technology SA, which bundles audiobooks with music and podcasts.
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