Aereo Files For Bankruptcy Protection
The streaming company says it filed for voluntary Chapter 11 reorganization at the U.S. Bankruptcy Court in NYC due to “the uncertain regulatory and legal climate” following the U.S. Supreme Court's decision in June that Aereo must pay broadcasters to retransmit their free, over-the-air signals.
"Even with significant victories in the federal district courts in New York and Boston and the Second Circuit Court of Appeals, the reversal of the Second Circuit decision in June… Read
TodayTix Completes $6.1M Financing Deal, Heating Up Mobile Market For Ticket Sales
What scalpers have known for decades--that there's a lot of money to be made in day-of-performance ticket sales--now is common knowledge along rialtos around the world. The notion gained further traction today with the announcement that TodayTix has closed a $6.1 million Series A funding round led by New York-based SF Capital Group. As ticket-buyers shift away from long-term planning to make their purchases the week before a show or, increasingly, the day of a… Read
Sky, UTA Part Of $13 Million Investment In Online Video Site Pluto.TV
Online video site Pluto.TV has announced a $13 million Series A investment round led by U.S. Venture Partners, alongside UTA and previous investors Sky plc, Chicago Ventures, Great Oaks Venture Capital and Luminari Capital. The company also has added as advisers former Fox Interactive and Yahoo executive Ross Levinsohn, Spotify's Ken Parks and King Digital's Stephane Kurgan.
The Los Angeles-based company said it would use the money to expand its offerings and extend its… Read
Does John Malone Lust After TW Cable? “Hell, Yes!” (If Comcast Deal Tanks)
Liberty Media Chairman John Malone hasn't lost his lust for Time Warner Cable. That's the unmistakable message he delivered today at Liberty's Investor Day gathering when he was asked whether Charter — where he's the top shareholder — would take another run at TWC if its current $45 billion deal with Comcast falters. “Hell yes,” Malone said, reaffirming his reputation as one of media's most reliable straight shooters. The answer could be important: A small, but growing, gr… Read
Netflix Expanding To Australia & New Zealand In March 2015
The initiative positions Netflix for an interesting fight: Only about 30% of Australian households subscribe to pay TV, far less than in the U.S. and even less than in the UK, where about half subscribe. Australia's leading distributor, Foxtel, expected to see some competition from streaming services and recently halved the price of its basic service. And there'll be more than one online subscription VOD provider. Nine and Fairfax Media have said that within a year they… Read
‘Aaliyah’ Biopic Tops Twitter TV Ratings Despite (Because Of) Criticism
Lifetime's much-criticized biopic of the late R&B singer Aaliyah shot to the top of the week's Twitter TV charts, beating out The Walking Dead even as critics, led by superstar hip-hop producer Timbaland, beat up the production online and beyond.
It didn't hurt the show in… Read
Disney’s Mobile Push: Walmart Deal, PewDiePie App, Revamped ESPN.com
The Disney Movies Anywhere app will be available on Walmart's VUDU online-video service beginning Tuesday, the biggest news out of Disney's mobile showcase Friday morning outlining initiatives from its brands. Also coming: stand-alone video apps for its biggest YouTube stars such as PewDiePie, a revamped ESPN.com online presence, and ImagiCademy, a new hybrid service providing learning and entertainment for children.
CEO Bob Iger introduced the event, reminiscing about… Read
WME Digital Agent Leaving To Head Fullscreen’s Talent-Management Unit
Beau Bryant, an agent with WME's digital unit, is near a deal to become SVP Talent and Programming at Fullscreen. The big YouTube multichannel network recently was purchased by Otter Media, the joint venture between AT&T and the Chernin Group.
The deal is not quite final, but it represents another example of… Read
‘The Hunger Games’ Should Rule Holiday Box Office Given Social-Media Strength: Adobe
The Hunger Games' next installment, Mockingjay Pt. 1, is headed to a big holiday box office win, if social-media support is any indicator of the strength of its fan base and their interest in the property, says Adobe's Digital Index analytics unit in its latest look at a season of blockbusters.
Interstellar, Dumb And Dumber To and the last of The Hobbit trilogy, The Battle Of The Five Armies, all are also headed to profitable domestic runs, Adobe says, but Exodus: Gods And… Read
Sony Unveils PlayStation Vue; Web-Based TV Service To Launch With 75 Channels
Back at the International CES confab in January, Sony Computer Entertainment Group CEO Andrew House touted the upcoming arrival of a new cloud-based service in the U.S. that would include the "most popular live TV programs combined with a large library of VOD content," although he offered no specifics. Now, 10 months later, the mystery has been solved. Sony Network Entertainment International and Sony Computer Entertainment today unveiled subscription service PlayStation V… Read
Laura Ling Joins Discovery Digital Networks As Director of Development
The veteran broadcast journalist and producer Laura Ling is joining Discovery's digital wing with the mission to create more online-native content for the the company's web presence.
Ling will be Director of Development for the digital networks, which currently generate 150 million streams a month to online viewers. The 110 online series and channels that are part of Discovery Digital include such big sites as Sourcefed, Revision3, Animalist and The DeFranco Network.
YouTube Launching Subscription Music Service Tied To Google Play
Google's YouTube unit is wading into the subscription-music business, the company announced today in a blog post. The ad-free Music Key service will cost $7.99 a month during its beta test period, and $9.99 a month thereafter. It will work not only on the web but on Android- and iOS-based smartphones, tablets and other mobile devices. Music Key will be integrated with Google's existing Google Music Play service, a competitor of subscription offerings such as Apple's… Read