IAC/Interactive (IAC) Chairman Barry Diller, who upended the media landscape in 1986 when he created Fox Broadcasting to battle the existing three TV networks, could soon enter the race to take on cable operators by creating an over-the-top streaming video service.
Sprint is now allowing some online video to be streamed without counting against customers’ data caps, making it the fourth major wireless carrier in the US to implement data cap exemptions (or “zero-rating”).
AT&T said in comments filed Monday (May 23), the deadline for replies, that the proposed rulemaking was “indefensible as a matter of law and nonsensical as a matter of public policy.” The company also called it an unnecessary, harmful and deeply flawed “scheme.”
The Continuous Live Video launch represents a breakthrough for Facebook’s engineering team. Previously, Live streams could only be up to 90 minutes. That means you couldn’t broadcast a whole conference, sporting event or party, let alone leave the camera running day and night. But now Facebook has figured it out.
In effect, what Facebook has done with Instant Articles is eerily similar to what Amazon did with Amazon Web Services. Prior to AWS, startup costs were so high as to create a significant barrier to entry for most new enterprises. Value accrued to the large companies that could leverage their scale to build new businesses. With AWS, new startups were able to compete with a fraction of the initial capital and infrastructure previously required. Now Facebook has broadly done the same thing to media.
Debuting this summer on Playboy.com will be the company’s first foray into streaming video, with the 63-year old iconic Playboy brand focusing on a comprehensive 360° vision for ‘the good life’ – a blueprint on everything from entertainment and travel, to food and drinks, to nightlife and style, to gaming and technology, to humour – and, of course, sex. The new magazine format has eliminated nudes (starting with this year’s Kate Moss cover), but no word on if the videos will follow suit.
The outcome of the court cases, and who ends up with control over the trust, and over the National Amusements board, will have wide-ranging implications for Viacom and CBS shareholders and could result in changes at the top of both companies, possibly through mergers and acquisitions. Some investors are hopeful that change is imminent. Viacom shares rose 2.5 percent to $40.02 on Monday.
Snapchat may have first made its name in the crowded world of mobile apps with an ephemeral messaging service, but the startup and its wildly popular app are not disappearing anywhere soon. TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $20 billion valuation. Sources with knowledge of the deal say the social media giant is in the process of a round of about $200 million.
The requirements and guidelines help define new industry architectures and contribute to building best practices across the streaming video ecosystem. Over the last 18 months, members of the Open Caching Working Group have been focused on producing a clear set of functional requirements for open caching technologies.
Filings show that Spotify, based in Sweden and the U.K., generated revenue of $2.12 billion last year, up about 80 percent from the $1.18 billion it brought in the prior year (all prices in the story converted from euros to dollars at the exchange rate from December 31, 2015). Losses, meanwhile, hit $188.7 million — but that number was only up 6.7 percent from the previous year’s total of $176.9 million. That’s a much, much better performance than 2014, when Spotify’s losses ballooned by 289 percent, and its revenue was only up 45 percent.
Chance the Rapper’s new release, Coloring Book, debuted May 13 as a streaming-only exclusive on Apple Music without a retail or download option. That rollout strategy set the young Chicago MC on the way to chart history: with its No. 8 debut on the Billboard 200 this week, Coloring Book holds the title as the first ever release to appear on the Billboard 200 chart with 100 percent of its equivalent album units coming from streaming, as its 57.3 million streams account for 38,000 equivalent album units.
Disney is kicking the tires on taking an equity stake in MLB Advanced Media. Turner Broadcasting paid close to $200 million for a majority stake in streaming company iStreamPlanet. Now, NBC Sports Group is moving further into the video streaming business, setting up a division called Playmaker Media to convince leagues and teams to use NBC to stream their events. NBC formally plans to announce the new venture this week.
Last week, a man in California streamed the birth of his son on Facebook, allowing hundreds of thousands of viewers around the world to watch the very first moments of a human’s life in real time. The broadcast made a prediction from Facebook founder Mark Zuckerberg just a month earlier – that “in a decade, video will look like as big of a shift in the way we all share and communicate as mobile has been” – look distinctly conservative.
As they unveil their 2016-2017 program schedules this week in New York, the four major broadcast networks have called out the need to offer viewers on-demand access to current shows, a prize known as in-season stacking. NBC has acquired those rights from most of its producers, entertainment Chairman Bob Greenblatt said, as has CBS, according to Glenn Geller, that network’s president of entertainment.