Musical.ly Sells for Almost a Billion Dollars

Money

Musical.ly is being sold for at least $800 million. Recode reports:

The deal hasn’t closed yet, but Bloomberg pegs the price at $800 million, while the Wall Street Journal puts it at “$800 million to $1 billion”, which is the range I’ve heard. Without a public disclosure of the price, you’re generally safe betting on the lower number on deals like these, and assuming that the bigger number includes hard-to-hit earnout targets.

Live Action ‘Star Wars’ TV Series Coming From Disney

Star Wars

Variety is reporting that a live action Star Wars TV series will be coming to Disney’s new streaming service:

Disney chairman-CEO Bob Iger announced the “Star Wars” news during the company’s quarterly earnings call. In addition to the “Star Wars” TV series, Disney is working on TV series adaptations of Pixar’s “Monsters Inc.,” the Disney Channel’s “High School Musical” franchise and an original entry from Marvel.