Stop us if this sounds familiar… Instagram is rolling out Instagram Stories, a new section for sharing video clips and photos. Instagram’s stories can quickly be swiped through, and they disappear after 24 hours. The new feature, you may have noticed, bears a striking similarity to Snapchat’s Stories feature. (We can start with the fact […]
The music video platform Vevo has finalized a distribution deal with Warner Music Group. (The New York Post reported last week that such a deal was in final negotiations.) Vevo can now distribute content from all three major record labels. Under the deal, Vevo will be able to distribute Warner’s videos on its own platforms, […]
Five million Google Chromecasts have been sold in the last two months, Google CEO Sundar Pichai said during Alphabet’s quarterly earnings announcement. Google’s streaming media dongle has now sold nearly 30 million units since it launched in 2013.
Redbox parent Outerwall, now publicly traded, will be taken private by hedge fund Apollo Capital Management for $1.6 billion. If all goes well, it could be privatized by the end of the third quarter. The announcement is seen as another sign that streaming is pretty much killing off the Age of DVDs. Outerwall owns more […]
John Pleasants, Samsung’s top media exec, has reportedly left the company. Pleasants served as EVP of Media Solutions; he oversaw Media Solutions Center America, the Samsung division that builds media apps. Not all has gone smoothly for MSCA: The Milk Music streaming service folded, and the Milk Video platform has struggled. Variety, which first reported […]
Maker Studios, the digital media company and MCN owned by Disney, confirmed to Deadline Hollywood that it’s in the midst of laying off staffers. “Maker Studios’ business is constantly evolving, and after careful thought, we have decided to make some strategic adjustments – reducing staff in some areas while still actively hiring in others […]
Following a Q1 in which it beat expectations, Amazon has now had another smashing quarter. The e-commerce giant beat analysts’ expectations, recording net sales of $30.4 billion and a net income of $857 million. Wall Street had projected $29.55 billion in revenue.
Google parent Alphabet had a solid Q2. Alphabet took in $21.5 billion in revenue, compared to $17.7 billion in Q2 of 2015. The company’s net income amounts to $4.9 billion, up from $3.9 billion last year. In Q1 of this year, Alphabet significantly underperformed Wall Street’s expectations. Looks like that may have been a blip […]
Facebook had another solid quarter. The social media giant took in $6.44 billion in revenue during Q2, a huge uptick over 2015’s $4 billion in second quarter revenue. The haul easily beat analyst’s expectations. Facebook’s net income for the quarter was $2 billion, compared to $719 million in Q2 of 2015. Facebook also had a […]
Pinterest has nabbed one of Snapchat’s top ad execs. Gunnard Johnson will now serve as Pinterest’s Head of Measurement Science and Insights. He’d only been with Snapchat since March, serving as Head of Quantitative Ads Research. Johnson told Business Insider that, as compared to his Snapchat position, the Pinterest job is “better aligned” with his […]
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