Cineverse Corp., a innovative streaming technology and entertainment company, today debuted the Sid & Marty Krofft Channel. The Kroffts’ iconic shows can now be found as branded video-on-demand (VOD) channels […]
The cuts at Snapchat’s parent company come after layoffs across Google, Microsoft and Amazon.
With more than half of U.K. homes expecting to watch TV exclusively via broadband by 2030, it “will bring live and on-demand content together all in one place for free, ensuring that TV remains relevant and accessible to audiences of all ages.”
Amazon Reports Better-Than-Expected Revenue, Profits In Q4
The Seattle-based e-commerce company said it earned $170 billion in revenue and $10.6 billion in profits during the last three months of 2023, beating expectations from analysts surveyed by FactSet. In a statement, Amazon CEO Andy Jassy called it a “record-breaking” holiday shopping season for Amazon.
Americans Will Lose If Streamers Monopolize Live Sports
Emily Barr: Yesterday, the House Committee on Energy and Commerce held a hearing on the future of sports media in the streaming era. This conversation could hardly be more urgent, coming just a few weeks after Comcast/NBC took the unprecedented step of putting an NFL playoff game behind a paywall on Peacock, its streaming platform.
The new offering will debut with nearly 300 local stations featuring news, sports and culture both live and on-demand, plus more than five billion advertising unit avails for marketers. The launch will be backed by an eight-figure marketing campaign, headlined by a Super Bowl spot starring John Stamos.
Hulu is officially following in the footsteps of corporate sibling Disney+ and streaming giant Netflix by implementing restrictions on the sharing of accounts and subscriber passwords. The move has been expected for several months.
The Messenger, the upstart digital news outlet that hired hundreds of journalists and vowed to upend the industry as a centrist publication, will shut down less than a year after its high-profile launch, the company said Wednesday. The collapse of the outlet, founded by media entrepreneur Jimmy Finkelstein, marks one of the largest and swiftest failures of a media outlet in recent memory. The Messenger’s closure comes just eight months after its debut that was built on a strategy of generating gobs of internet traffic from social media platforms and search engines despite broader industry headwinds.
With the video marketplace in a state of flux, federal regulators need to review rules that determine how local TV stations gain carriage on streaming platforms like YouTube TV, Scripps Sports President Brian Lawlor said Wednesday. Testifying on Capitol Hill before a House panel, Lawlor called on the FCC to update the rules, which many TV station owners consider outdated and a source of friction with the Big Four networks.
Universal Music Group, one of the largest music companies in the world, said it failed to reach new deal terms with TikTok over issues including artist compensation and AI — and that TikTok tried to “bully” UMG into a deal worth less than its previous pact. As such, Universal Music said it will no longer license content to the app.
In a heated question and answer session with Mark Zuckerberg, Republican Missouri Sen. Josh Hawley asked the Meta CEO if he has personally compensated any of the victims and their families for what they have been through. “I don’t think so,” Zuckerberg replied. “There’s families of victims here,” Hawley said. “Would you like to apologize to them?” As parents rose and held up their children’s pictures, Zuckerberg turned to face them and apologized for what they have been through.
As Amazon becomes the latest platform to push an ad-supported tier, TV writers greet this retro model with frustration and, in some cases, disdain: “I thought Nine Perfect Strangers with commercials was horrible,” says David E. Kelley of his Hulu show with breaks. Pictured: On Jan. 29, Prime Video — home of Reacher — became the latest streamer to offer an ad-supported tier.
Meta CEO Mark Zuckerberg, X CEO Linda Yaccarino and other tech industry leaders faced a grilling from lawmakers today as they appeared for a landmark Senate hearing on the online exploitation of children. Senate Judiciary Committee Chairman Dick Durbin (D-Ill.) blamed the tech platforms at the outset for allowing the exploitation to proliferate, while dismissing the latest efforts the companies have taken to boost safety. “They are responsible for many of the dangers our children face online,” Durbin said, calling it a “crisis in America.”
CBC has launched seven new podcasts from CBC News, spotlighting and celebrating diverse local communities from P.E.I. to Vancouver Island, and answering listeners’ questions from across the country. Audiences are invited to […]
Google execs are actively considering an international expansion of pay TV service YouTube TV, Chief Business Officer Philipp Schindler said during the company’s fourth-quarter earnings call. “It is something we are closely looking at,” Schindler said. “There’s nothing specific I have to add at this moment in time on this one.” Schindler and CEO Sundar Pichai both took note of highlights for YouTube TV in the quarter, notably the debut of NFL Sunday Ticket as an exclusive offering after 29 years on DirecTV. The premium package is available either as an add-on for YouTube TV subscribers or as a stand-alone offering through YouTube’s channel store.
While younger people spend the most time with non-premium content, others are as well, according to a new survey from Hub.
Google’s Parent Posts Double-Digit Revenue Growth In A Quarter For First Time In Nearly 2 Years
The results announced Tuesday by Alphabet Inc. marked the third consecutive quarter of escalating revenue growth for the Mountain View, Calif., company, with most of the sales coming through Google’s dominance of search and online advertising. The rebound followed an unprecedented drop in Google’s ad revenue coming out of the pandemic following nearly 20 years of uninterrupted growth.
Services across the internet, websites, and apps have become conveniences that consumers just don’t want to give up, although they are willing to exchange data or pay for content and services. The IAB surveyed more than 1,500 consumers to gain insights into how personal data has become the key to access free ad-supported content across the internet and apps, and to what extent consumers understand what it means. The study also examined the role of advertising, consumers’ willingness to pay for free online services, and their preferences and concerns when sharing data.
Amazon, Google, Microsoft and other tech companies have been on a layoff spree this month, with the latest cuts differing from last year’s mass reductions.
Netflix founder and executive chair Reed Hastings has gifted 2 million shares, worth over $1.1 billion at the stock’s current price, to the Mountain View, Calif.-based Silicon Valley Community Foundation. The move was noted in a recent SEC filing without the beneficiary named. The donation was a big chunk of Hastings’ Netflix stock — about 40%. He still owns 2,991,541 shares, the filing said. The stock closed Monday at $575.08.