Vice’s Shane Smith To Big Media: “Open Sh*t Up” Or Alienate A Generation; Predicts M&A Frenzy; Talks Disney – Edinburgh
Vice Media founder and CEO Shane Smith this evening delivered the keynote MacTaggart Lecture at the Edinburgh TV Festival, sounding a warning to legacy media that it needs to adapt. In an hour-long speech, the gonzo ex-punk rocker spoke of the profound changes the industry is currently facing as young people break from their parents' generation in what content they consume and how they consume it. "There is a revolution going on in media. And it's scary, and it's fast… Read
Leslie Jones Attacked Online Again As Website Hacked, Info Exposed
For the second time in just more than a month, Ghostbusters and Saturday Night Live star Leslie Jones has been attacked online, with her personal website allegedly being hacked and now down.
Early Wednesday, the hackers seemingly snagged personal information including Jones’ passport and driver's license and also posted private photos via iCloud. That material then was posted on her JustLeslie.com. With the photos and other info now removed, a GoDaddy holding page… Read
Univision’s $135M Bid Wins Gawker Media Bankruptcy Auction: Report
Univision is about to own Gawker Media with a $135 million bid prevailing in a bankruptcy auction.
Recode reports that the digital assets at the company Nick Denton created in 2002 only attracted two bidders — Univision and Ziff Davis — though several took a look. Ziff Davis previously had made a $90 million so-called stalking horse bid, providing a floor for the auction.
Properties in the sale will include Gawker as well as Gizmodo, Lifehacker, Kotaku, Jalopnik, Deadspin… Read
Twitter Shares Rise On Talk That Apple TV May Add Its App, Including NFL Games
shares rose 6.8% today following a New York Times report that its app may go on Apple TV — giving users of the platform access to the 10 games Twitter will live stream beginning next month.
The addition of Apple TV would provide a big boost for Twitter’s ambition to become a force in video. It’s been struggling to sustain its growth; many potential users are put off by its complicated array of symbols and protocols.
And the company, like… Read
Turner Teams With Refinery29 And Contributes To $45M Funding Round
Digital media company Refinery29 just scored $45 million in a finance found that includes an equity investment from Time Warner’s Turner unit, as well as “additional participation” from Scripps Networks Interactive.
With the deal, Turner has agreed to help develop content for the operation that targets millennial women. They also will work on cross-platform ad sales partnerships as Cartoon Network, Adult Swim and Boomerang GM Christina Miller joins Refinery29’s… Read
Hulu To End Its Free Service As Programs Move To Yahoo View TV-Watching Site
Hulu’s days offering free streamed TV, the main attraction when it launched in 2006, are about to end.
The joint venture backed by Comcast, Disney, Fox and Time Warner said today that it’s becoming a subscription-only service. Fans still will be able to watch the free content on Yahoo via a new site — Yahoo View — launched today in conjunction with a deal extending its distribution partnership with Hulu.
“For the past couple years, we’ve been focused on building a… Read
Blake Krikorian Dies: Tech Entrepreneur And Sling Founder Was 48
Slingbox founder Blake Krikorian died yesterday from a heart attack while surfing, Recode’s Kara Swisher reports. She calls the entrepreneur, who was 48, “much beloved,” and “one of tech’s savviest execs.”
Krikorian and his brother, Jason, created Sling Media in 2004. The technology enables TV viewers to stream their programming to remote devices including smartphones and tablets.
Story has it that the brothers invented the technology to help them follow San Francisco… Read
Discovery Takes Stake In China’s VS Media Youth-Targeted MCN
In a bid to build deeper traction in the China market, Discovery Communications has acquired a minority stake in multichannel network, VS Media. The company, founded in 2013, has over 55M subscribers in Greater China with 320M video views per month. VS is said to be the first and largest MCN that focuses on creators of Chinese content, of which China’s young people are major consumers.
VS founder Ivy Wong has seen the next generation media company recruit and mentor a… Read
Hulu Nabs SVOD Rights To ‘Homeland’
Hulu has closed a deal with Twentieth Century Fox Television Distribution for SVOD rights to Emmy-winning Showtime drama Homeland. Seasons 1-4 are available to Hulu subscribers starting today.
These are considered the exclusive off-network SVOD rights to Homeland. The series continues to be available through Showtime’s platforms, including its OTT service, which is carried by Hulu for $8.99 a month. Showtime on Hulu currently offers all existing seasons of Homeland (1-5)… Read
Disney’s Maker Studios Layoffs Underway As Part Of “Strategic Adjustments”
EXCLUSIVE: Disney’s Maker Studios confirmed today it’s in the midst of layoffs. The digital operation isn’t saying what prompted the changes, but we heard the number of employees affected is about 30.
“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 – to best align with the go-forward strategy of the company,” it said in a… Read
Facebook Sees Growing User Engagement From Changes In Ad Loads And Video
Facebook execs warn that revenue growth will slow, while spending rises, as the company tries to increase the amount of time users spend on the site.
The social media company owes some of its torrid revenue growth to its efforts to expand its ad load. But that will only grow “modestly” until mid-2017, slowing the pace, the company told analysts in a conference call to discuss Q2 earnings.
At the same time, capital expenditures will increase “pretty substantially” to help… Read
Facebook Shares Rocket As Mobile And Video Growth Drive Q2 Earnings Beat
Forget about the law of large numbers: Despite its huge size, Facebook just blew away Wall Street’s Q2 earnings forecasts — sending shares up more than 6% in post-market trading. If that holds during the trading day tomorrow, it would set a new high for the stock.
The number of monthly active users increased 15% vs. last year to 1.71 billion while the number of mobile users rose 20% to 1.57 billion.
CEO Mark Zuckerberg says that he’s “particularly pleased with our… Read