Jon Bukosky

Betting on the unknown is the key to excellence in the gaming industry. “Risk is where breakout success happens,” says Phil Spencer, CEO of Microsoft Gaming and Xbox. When it comes to creating new games within the 20+ studios Phil oversees, he says: "Today's hits are gonna be irrelevant by the time the new game that you just started comes out. My business is a portfolio business." This mindset mirrors that of startup investing, where not every venture will pay off, but each carries the potential for remarkable returns. Much like a venture capital firm, the key isn't obsessing over one game's financial return but rather the growth of the entire portfolio. Check out the full conversation on Building One with Tomer Cohen to learn more about how this strategy drives innovation and long-term success in gaming. Listen on Apple: https://lnkd.in/dGunuaex  Listen on Spotify: https://lnkd.in/d3v9qqWJ

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🗞️ New edition of what happened in sports tech by PZPN Innovation Hub (download 👇 ) My highlights: 🌍 AI everywhere: ✅ Ligue 1 now uses Camb.ai to auto-dub broadcasts and interviews in 140+ languages. ✅PGA Tour’s TOURCAST delivers live, AI-powered shot-by-shot narration for fans. 📺 Fan engagement & broadcast innovation: ✅Serie A partners with Reddit to connect with fans worldwide, sharing highlights and behind-the-scenes moments. ✅The New Jersey Devils launched an AI chatbot for real-time support and info. ✅LIV Golf’s YouTube-only event pairs pros with creators, targeting younger audiences. 🔒 Cybersecurity gets serious: ✅Atlético Madrid expanded its Google Cloud partnership to strengthen data protection. ✅The NHL named Palo Alto Networks its official cybersecurity partner—digital risk is now a boardroom priority! 📱 Streaming revolution: ✅DAZN & LIV Golf, MLB teams, and the International Hockey Federation have all launched or revamped direct-to-consumer streaming platforms. ✅Amazon Prime Video offers pay-per-view Nations League matches in the UK, and the Seattle Mariners launched a blackout-free streaming app. 💸 Investments & unicorns: ✅Underdog raised $70M (now valued at $1.2B!)—the latest SportsTech unicorn. ✅Playtomic matched that raise to fuel U.S. expansion in racket sports. ✅Barça Innovation Hub is backing startups like Metrica Sports and ADmefy, showing clubs are still hungry for innovation.

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💰 $400M cash + 20% equity deal. Tripledot Studios to acquire AppLovin’s entire games business. A major shift in the mobile gaming landscape 👇🏻 Tripledot set to absorb studios like Machine Zone, PeopleFun, Belka Games, and more, growing its footprint to 12 studios, 23 cities, 2,500+ employees, and serving 25M DAU. ⚡️ AppLovin exits games to double down on ad tech. Tripledot steps up as a global leader with projected $2B annual revenue. Lior Shiff: "This takes us from high-performing challenger to true global leader." Adam Foroughi: "Lior and team are the best operators to take these studios forward." More 👉🏻 https://lnkd.in/esGg7SKP

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In partnership with Play Anywhere, Inc. and BetMGM, Monumental Sports Network is launching the "Monumental Game Center" - a new feature through the Monumental+ app that will integrate real-time sports betting odds and gamification options during Washington Capitals and Washington Wizards games. More ➡️ bit.ly/4aKLkxM

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