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Musical.ly starts $50 million Creator Fund as its acquisition closes

Musical.ly announced the start of a fund to support its users. The short-form music video and lip syncing app will invest up to $50 million into a Creator Fund over the next two years. The money will go toward a range of programs, from college scholarships to co-development deals to a “creator marketplace” where users can trade creative assets or instruction. Continue Reading

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Apple’s next scripted show will star Jennifer Aniston and Reese Witherspoon

Apple’s plans for a major video push continue with the announcement of a new scripted TV show that expands the company’s connections with A-list Hollywood talent. In addition to the reboot of Amazing Stories announced last month, Apple has made a two-season straight-to-series order for a scripted drama centered around a network morning show. Jennifer Aniston and Reese Witherspoon star in the new project, which is still untitled at this stage. Continue Reading