Digital

The free, advertiser-supported, Spanish-language, live-streaming weather news network debuts on the 40th anniversary of The Weather Channel

Measurement of Tubi will expand coverage of streaming devices, including computer, mobile and connected TV inventory served on specific CTV devices.

The strategic partnership is designed to expand self-service buying and attribution to millions of marketers of all sizes.

Netflix is reorganizing its marketing department, promoting some key executives, while eliminating several positions. As part of the move, 25 people from Netflix’s global marketing team of more than 500 employees will be laid off.

Prime Video‘s exclusive hosting of Thursday Night Football will kick off Sept. 15 with Justin Herbert and the Los Angeles Chargers visiting their AFC West rivals, Patrick Mahomes and the Kansas City Chiefs.

Netflix’s Season 2 of Bridgerton was streaming’s most-watched title for the week of April 28-March 3, according to Nielsen’s rankings, with a total of 3.2 billion minutes viewed during the week actually growing from its debut performance the week before.

Supply chain issues are limiting the number of players and smart TVs available to new streaming customers, and that’s a problem for companies like Netflix and Roku.

On Thursday, Amazon reported a loss of $3.84 billion, or $7.56 a share, for the first three months of the year. A year ago, it reported a profit of $8.1 billion, or $15.79 a share, for the first quarter. Wall Street analysts expected a profit of $8.35 a share in the latest quarter, according to FactSet. The Seattle-based e-commerce giant’s stock almost 10% in after-hours trading.

The results for the January-March period drew a picture of a still-expanding empire generating massive profits that have yielded the firm a $2.7 trillion market value — the largest among U.S. companies.

The deal is the latest in a wave of consolidation among digital publishers.

CNN+ announced Thursday that everyone who signed up for the premium streaming offshoot of CNN — which was shuttered after less than a month by its new corporate parent — will get their money back by May 28. The announcement comes the same day CNN+ is turning out the lights for good.

Emmy-winning comedy series Schitt’s Creek will cycle off Netflix in the U.S. later this year, to become available exclusively on Disney’s Hulu. Hulu announced that it will be the dedicated subscription video on-demand home Schitt’s Creek in the U.S. beginning Oct. 3. The fan-favorite show, which originally aired in the U.S. on Paramount’s Pop TV, ended its six-season run in 2020.

Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Revenue rose 7% in the quarter, marking the first time in Facebook’s 10-year history as a public company that growth has landed in the single digits. Analysts were expecting 7.8% growth.

Commerce Secretary Gina Raimondo said Wednesday the department supports a proposal that aims to block tech giants from giving preferential treatment to their own products and services. The Commerce Department’s backing adds to the Biden administration’s support behind the American Innovation and Choice Online Act, following a letter the Department of Justice released last month.

Charter Communications and Comcast on Wednesday announced a 50/50 joint venture to develop a streaming platform on branded 4K streaming devices and smart TVs. Comcast will license Flex, the company’s aggregated streaming platform and hardware to the new joint venture, contribute the retail business for XClass TVs as well as Xumo, a streaming service acquired in 2020. Charter will make an initial contribution of $900 million, funded over multiple years.

Goldman Sachs Asset Management will invest $325 million in iSpot.tv as the Seattle-area company tries to loosen industry stalwart Nielsen’s longtime hold on the market for measuring TV ads across broadcast and streaming platforms. The deal, which comes a decade after iSpot was founded, will give Goldman Sachs a “significant minority stake” in the company, according to an announcement Wednesday morning.

Roku has signed a multiyear theatrical output deal with Lionsgate, enabling the connected TV provider to exclusively stream Lionsgate’s theatrically released films. Lionsgate movies will be available on the Roku Channel after they initially premiere on Starz, the studio’s subsidiary network.

Warner Bros. Discovery CEO David Zaslav Tuesday said he doesn’t plan on getting into a streaming arms race as Hollywood’s big entertainment companies bolster their platforms to woo analysts. “I know we have the resources, but we can plan on being careful and judicious,” he said during the company’s conference with analysts after the 1Q earnings were released.

Warner Bros. Discovery reported a 13% revenue jump and consistent streaming subscriber growth for its fiscal first quarter Tuesday. The results don’t include first-quarter performance from WarnerMedia, which Discovery bought this month. The company reported revenue of $3.16 billion and net income of $456 million. Shares rose as much as 2% in premarket trading.

The deal with Abry Partners is the latest example of private equity’s pushing into Hollywood to cash in on the demand for streaming shows.