A day after Snap Inc.’s IPO boosted the company’s market cap and made multi-billionaires of its founders, the Snapchat parent got some more good news. Comcast’s NBCUniversal announced that it has invested $500 million in the company. The move makes NBCU the only media company to have an official stake in the company. Snap’s stock […]
Facebook’s quest for original content is intensifying, according to a new report from the Wall Street Journal. According to the Journal, the social media giant is reportedly soliciting pitches for TV-like programming in genres including sports, science, gaming, pop culture, lifestyle, and teens. The company is reportedly looking for weekly shows, with episodes that run […]
Snap Inc. has got to like what it’s seeing so far. Soon after the Snapchat-parent began trading yesterday in its much-anticipated IPO, its shares leaped 41%, to $24 per share. The company had initially set a price of $17 per share, amounting to a company valuation of about $24 billion. Now, however, its market cap […]
Mashable has named a new exec to head up programming and development for Mashable Studios, its original content unit. The newly-created position goes to Polly Auritt, who had previously served as VP of Programming at Fullscreen since the summer of 2015. Auritt will now oversee Mashable Studios’ long-form content, which is slated to debut across […]
A trend that will surprise precisely no one: According to a report from MoffettNathanson Research, traditional pay TV providers saw steep declines in Q4 of 2016, while OTT-based TV services saw gains. Traditional cable, satellite, and telco distributors saw a 1.7% decline, according to the report. That adds up to 319,000 lost subscribers, with the […]
Looks like Snapchat parent Snap Inc. has already raised a lot of money in its IPO. As first reported by Reuters, Snap has already taken in $3.4 billion in funding. The company will reportedly begin selling its shares for $17 apiece – a company valuation of about $24 billion. The company had been expected to […]
YouTube may be the world’s undisputed online video giant, but it’s about to dive into a different space: television. The Google-owned company has unveiled YouTube TV, its upcoming online TV service. The announcement came at the L.A. YouTube Space, and was simulcast to YouTube offices in San Francisco, San Bruno and New York. The service, […]
Looks like Microsoft is about to roll out a new Netflix-style subscription service. The twist: It’s for video games. Called Xbox Game Pass, the service is slated to roll out this spring. It’ll be priced at $10 per month. To start, it’ll feature unlimited access to over 100 game titles. Those titles will include Halo […]
The idea of YouTube and TV being separate entities may one day be a distant memory. Comcast announced plans to launch a YouTube video app for its Xfinity X1 set-top platform. The app is slated to roll out nationwide later this year. The move will place the web’s biggest video platform right alongside traditional TV […]
The gaming-centric live-streaming platform Twitch is about to get into e-commerce. (No surprise, given that it’s owned by Amazon.) Beginning later this spring, Twitch says it will start allowing its 17,000 game-broadcasting partners to sell games and in-game content, directly from their own Twitch pages, as they’re streaming gameplay. Game publishers will take 70% of […]
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