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Facebook Owner Is Behind $60-Million Deal for Meta Name Rights

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3 years ago

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Facebook Owner Is Behind -Million Deal for Meta Name Rights

Meta Platforms, the owner of the social media network Facebook, participated in a $60 million (approximately Rs. 455.1921 crore) transaction to acquire the trademark assets of the U.S. regional bank Meta Financial Group, spokespersons for the two companies said on Monday.

This transaction highlights the value of the Meta name to the tech giant, and the company is betting that its focus on Metaverse-accessing a shared digital space through the Internet through a series of devices-will reap great returns in the coming years. Meta Financial said in a regulatory document on Monday that a Delaware company called Beige Key LLC agreed to acquire global rights to its company name for $60 million in cash.

It did not disclose who the owner of Beige Key is. “Beige Key is associated with us, and we have acquired these trademark assets,” said a Meta Platforms spokesperson. A MetaBank spokesperson also confirmed the involvement of Meta Platforms. In addition to providing consumer savings, loans and credit cards, and commercial loans through its MetaBank subsidiary, Meta Financial also cooperates with government agencies and financial technology companies to provide banking services aimed at promoting financial inclusion. Facebook said in October that its parent company had changed its name to Meta Platforms.

The technology giant, which has invested heavily in virtual reality and augmented reality, regards Metaverse as the successor to the mobile Internet. Last week, Meta Platforms opened its previously invitation-only Horizon Worlds application to more than 18 users in the United States and Canada, where users of its Quest virtual reality headset can play games and interact as avatars.

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The metaverse concept that appeared in the earnings conference calls of several Silicon Valley companies requires cooperation between technology giants, and it may take more than ten years to fully realize. A spokesperson for Meta Platforms said the company had discussions with Meta Financial before Facebook changed its name. The content of the record. Meta Financial’s share price fell 1.5% in the afternoon trading, and its market value was approximately US$1.74 billion (approximately Rs 1,320.38 billion)

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Hollywood

Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Published

2 weeks ago

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October 22, 2024

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Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025

Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.

Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)

Tom signs Nolan’s next

This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.

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Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).

Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.

Tom’s busy schedule

Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.

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As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.

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