Sony Pictures Television Networks has reached a deal to acquire a 95% stake in Funimation Productions, an anime distribution company based in the U.S. Sony will spend $143 million; the deal values the whole company at about $150 million. Funimation, which was founded in 1994, holds distribution rights to a slew of anime titles, including […]
Facebook’s assault on Snapchat continues. Facebook Stories – largely a clone of Snapchat’s photo- and video-sharing app of the same name – just became more widely accessible. The company confirmed to TechCrunch that users can now share Stories publicly, allowing anyone to see them. When the feature launched in March, users could only share Stories […]
Linden Lab, the company behind the virtual online world Second Life, has launched its new social VR environment. Called Sansar, the new VR world lets users interact with other users, visit various VR experiences, and create their own locations and games. Linden first started developing Sansar in 2014; it’s now available as part of an […]
YouTube TV seems to be doing pretty well for itself. The Google-owned live TV service, which first launched in five markets back in April, has now seen 2 million app installs, according to the app store analytics firms App Annie and Sensor Tower. 700,000 of those downloads have come since just last week, when […]
The VR industry has one of its first major casualties. AltspaceVR, whose “social VR” app allows users to meet and interact in virtual spaces, is shuttering its service. The company has raised more than $15 million from big-name firms like Comcast Ventures and Tencent, but now the funding has dried up. “We’ve been out fundraising […]
For a few hours yesterday, Jeff Bezos officially became the richest man in the world…But then Amazon dropped its Q2 progress report. The company fell far short of Wall Street’s income projections; Amazon’s second quarter net income came in at 40 cents per share, or a total of $197 million. That’s a drop of 77% […]
So much for that. Twitter’s first-quarter growth spurt appears to have been temporary. The company’s monthly active user base stayed put at 328 million, unchanged from Q1. In the U.S., monthly users dropped from 70 million to 68 million. Twitter had increased its monthly user base by about 9 million during Q1; it’s likely that […]
Bonnie Pan didn’t stay unemployed for long. The digital media vet served as President of Endemol Beyond USA – Endemol Shine North America’s digital studio division – until last month, when the unit was shuttered. Now she’s landed at Gen Z-oriented digital media company Awesomeness, where she’ll serve as Head of Network for the companies […]
Facebook announced that its quarterly revenue rose to $9.3 billion in Q2 of 2017, a 45% increase over 2016’s second quarter. And earnings per share came in at $1.32, up 78 cents from a year ago. Facebook bested Wall Street’s projections on both counts; analysts had projected $9.2 billion in revenue and earnings per share […]
Nielsen says that viewership of YouTube TV and Hulu’s live TV service will now be included in its Digital in TV Ratings product (DTVR). When viewers watch broadcast TV shows on either of the two services within the three-day or seven-day window – and see the same ads that ran when the show first aired […]
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