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Los Angeles-based Quibi markets itself as a mobile-first video-streaming platform, with shows clocking in at 10 minutes or less. CTV News and TSN will both produce daily shows for the service, which is set to launch in Canada on April 6 at a monthly price of $6.99, or $9.99 without ads. (The Logic)

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Talking point: Quibi already has a star-studded marquee, with series in the works from Chrissy Teigen, Kendall Jenner, Steph Curry and Idris Elba. Earlier this week, the company closed its second round of funding worth US$750 million, bringing total investment in the firm to US$1.75 billion. Although hardly anyone has seen the product, the reputation of its founder, Jeffrey Katzenberg, seems to inspire confidence: he’s a Hollywood veteran who ran Disney’s movie studio in the 1980s and ‘90s and co-founded DreamWorks Animation. And Katzenberg doesn’t plan to compete in the streaming wars in which companies like Netflix and Disney Plus are engaged. He sees his platform as more in line with Instagram, YouTube or TikTok—apps where users can pass the time, or where you can “amuse yourself until you’re dead,” as The New York Times Magazine rather bleakly put it.

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The social media giant is looking to buy gaming studios and has signed deals for the virtual reality versions of Assassin’s Creed and Tom Clancy’s Splinter Cell, according to sources familiar with the deal. The investment is expected to be less than US$1 billion. (The Information)

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Talking point: The move is an effort to boost sales of the company’s Oculus VR headsets by attaching the product to blockbuster games. It also helps Facebook grow in an area of its business that lawmakers aren’t scrutinizing for antitrust concerns, since the company controls a relatively small portion of the gaming market. At the same time, it gives Facebook the chance to compete with other Big Tech players. Google, Apple and Amazon are all wading into the game-streaming space, which could be a boon to Facebook if it has rights to the games those platforms will offer. Google is the only one of the tech giants to announce concrete plans for a game-streaming platform so far. It hasn’t announced any VR games.

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The tech giant will instead develop programs that are inclusive for the whole family—just not child-exclusive—as well as mature animated content targeting young adults. The shift comes after the departure of Tara Sorensen, its head of kids programming, in 2017; her successor, Melissa Wolfe, has since changed her title to head of animation and family programming. (Los Angeles Times)

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Talking point: Despite competitors Netflix, Apple and forthcoming Disney Plus all investing heavily into children’s content, Amazon has been questioning the value of doing so. According to The L.A. Times’ sources, for Amazon specifically, trying to create titles similar to Game of Thrones would be more effective at driving subscription than investing in content for children. Many parents already have Amazon Prime subscriptions for quick shipping on child-care items like diapers; that gives Amazon leeway to focus less on kids’ content to get those subscriptions. And, streaming services are all bracing for the November release of Disney Plus, which will have exclusive, mainly children’s content, as well as that of its subsidiaries, like Marvel and Star Wars. In Amazon’s case, it appears to be leaving the space almost entirely.

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U.S. fund managers Argo Infrastructure Partners and Wafra led the US$320-million equity investment, along with Australian investment firm Macquarie Group. TierPoint will use the capital to repay some outstanding credit and to expand. The St. Louis-based firm has more than 40 facilities and also provides security and disaster-recovery technology services. (Bloomberg)

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Talking point: TierPoint’s raise is in the middle of the US$250-million to US$500-million range it was reportedly looking for last year, with plans to expand in smaller states like Nebraska, Missouri, Oklahoma and Kansas. OTPP and RedBird Capital Partners—another existing investor that participated in this round—have backed at least one other data-centre firm together. Dallas-headquartered Compass Datacenters is using their capital and investment from Montreal’s billionaire Azrieli family to fund expansions, including in Canada. Internet infrastructure is a fast-growing market in both big and small cities, as video streaming, business software and banks increasingly run off cloud services. It’s also relatively coronavirus-resistant, since online activity hasn’t slowed.