Following its USD4.6 billion purchase of Lucasfilm in 2012, Walt Disney Co. has secured marketing and distribution rights over future Indiana Jones installments under an agreement with Paramount Pictures.

As part of its recent acquisition streak, SFX Entertainment bought a majority stake in European ticketing services company Paylogic in a deal valued at approximately USD16.5 million.

Moorfields Corporate Recovery, the administrator for Blockbuster UK, said the video rental company is doomed to close after efforts to find a buyer had failed, a Bloomberg report said.

Germany-based second screen TV startup Wywy announced that it has secured USD7 million in Series B funding for its expansion to Europe and the United States.

Nine Entertainment Co., Australia's second-largest media company, seeks to raise AUD643 million (USD582 million) in its initial public offering. If successful, the deal could give Nine a market capitalization of AUD1.93 billion.

Spotify, a popular music-streaming service, confirmed its receipt of a USD250 million investment in a recent funding and also said it paid around USD500 million in royalties to artists this year.

Betfair, a UK-based online gambling firm, said it is setting its sights on Italy and the US after retreating from other markets due to tax rates and unfavorable regulations.

Seoul-based entertainment agency Wellmade StartM acquired DreamT Entertainment for KRW1.1 billion (USD1.04 million), following a growing trend of mergers and acquisition in the entertainment industry.

Cool Japan Fund is looking to invest in TV channels and retail properties in the US and Southeast Asia to promote the country's culture. Cool Japan is backed by the government as well as Japanese companies and is led by a former Carlyle Group executive.

Hamburg-based mobile developing firm Fishlabs has been bought by publisher Koch Media, and its co-founders Michael Schade and Christian Lohr are set to leave the firm.