Apple lands original series starring Jennifer Aniston and Reese Witherspoon

Apple acquires music discovery service Shazam

Apple’s push into original programming is gaining steam. The tech giant just emerged victorious in what was likely a fierce bidding war, landing the rights to an untitled drama series about the world of morning network TV. Jennifer Aniston and Reese Witherspoon are slated to star and executive produce. No word yet on when the […]

Stocks soar as Roku beats expectations in Q3

Stocks soar as Roku beats expectations in Q3

Roku’s first-ever earnings report was very solid, surpassing analysts’ expectations in every area. The streaming device-maker generated $123.8 million in revenue during Q3, as compared to $89 million in the third quarter of 2016. Wall Street had predicted $110 million in third quarter revenue. The company wasn’t quite profitable, but its net losses amounted to […]

Shares tumble as Snap Inc. whiffs on earnings and user growth

Shares tumble as Snap Inc. whiffs on earnings and user growth

Snap is having a very rough go of it. The Snapchat parent reported revenue of $207.9 million, compared to $128.2 million in Q3 of 2016. But analysts had projected that Snap would take in $237 million. All told, the company’s net losses amounted to $443.2 million. Snap also underperformed when it came to user growth. […]

Twitter officially expands to 280 characters

Twitter suspends verification program

Twitter is letting its users be a lot more expressive – or a lot more annoying, depending on whom you ask. The social platform has officially expanded the character limit for tweets from 140 to 280. The new tweet limit is now available to all users. The company had already begun rolling the feature out […]

Amazon reportedly vies for rights to Lord of the Rings series

Report: Amazon may bring more ad products to Alexa

Gandalf and Frodo may be heading to Amazon Video. Variety reports that Amazon Studios has been in early conversations with Warner Bros. Television and J.R.R. Tolkien’s estate, with the goal of landing a series adaptation of The Lord of the Rings. And according to the report, CEO Jeff Bezos has taken an unusual step: He […]

Broadcom makes massive unsolicited offer to buy rival chip-maker Qualcomm

Broadcom makes massive unsolicited offer to buy rival chip-maker Qualcomm

Chip-maker Broadcom wants to absorb one of its biggest competitors – and it’s willing to spend a whole lot of money to make that happen. The company announced an unsolicited pitch to acquire Qualcomm, offering to spend close to $105 billion. (The deal would amount to about $130 billion when factoring in the debt that […]

Report: CNBC: Sprint and T-Mobile end merger talks

T-Mobile buys Layer3 TV, will launch new TV service

After weeks of discussions, merger talks between Sprint and T-Mobile ended without success on Saturday. Said Sprint president and CEO Marcelo Claure, “While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on […]

Report: Snap Inc. requires ad tech company Metamarkets

Report: Snapchat considers three-second pre-roll ads

Snapchat parent Snap Inc. is moving to improve its ad tech. As first reported by TechCrunch, the company has acquired Metamarkets, a startup that provides programmatic ad data-related services to marketers. Those services include a data dashboard to help marketers measure how their campaigns are performing; inventory discovery and bid monitoring for ad exchanges; and […]

Report: AT&T’s bid to buy Time Warner in regulatory jeopardy

Report: AT&T nears deal to acquire all of Otter Media

AT&T’s plan to buy Time Warner may be in jeopardy. As first reported by The Wall Street Journal, the U.S. Department of Justice is considering an antitrust lawsuit to block the acquisition. The DOJ’s antitrust division has reportedly gone so far as to prep litigation, in case it decides to sue to halt the deal. […]

MDC Partners agency Crispin Porter + Bogusky to oversee Hulu campaign

Fox TV CEO Dana Walden joins Hulu's board

Hulu has named Crispin Porter + Bogusky as its newest creative agency partner. The MDC Partners agency, which is based in Los Angeles, won the account after a competitive review. CP+B will oversee an integrated brand campaign for Hulu, slated to launch next year. It’s not the first time the agency has worked with Hulu. […]