Fox Networks Group And AT&T Renew Cross-Platform Distribution Deal
AT&T and Fox Networks Group have renewed a multi-year deal to continue distribution of Fox programming across AT&T's video platforms DirecTV, DirecTV Now and AT&T U-verse.
The renewal includes Fox-owned local broadcast stations in 17 cities and the 22 Fox-owned regional sports networks. It also includes FS1, FS2, FX, FXX, FXM, National Geographic Channel, Nat Geo Wild, BabyTV, and Spanish-language services Fox Deportes, Nat Geo Mundo and Fox Life, as well as the Fox… Read
Brat Announces New Executive Hires
Brat, the digital studio and network focused on creating entertainment for Gen-Z, has expanded its executive ranks to match its growing ambitions.
Since raising $30 million in July, Brat has expanded into a new, 10,000-square-foot studio in Hollywood and brought in 50 full-time employees.
“A year ago today, we were just eight people,” said Rob Fishman, Brat’s co-founder. “As our audience rapidly expands, we’ve staffed up considerably to increase production, explore new… Read
Mitu Co-founder Roy Burstin Returns As CEO Of Latino-Focused Media Company
Mitu co-founder Roy Burstin is returning as chief executive of the Latino-focused digital media company, which has just completed a new $10 million funding round.
The struggling site, which underwent a major layoff this summer, is shifting focus as it strives for profitability.
Mitu will continue creating content for millennial and gen-Z audiences, but it is taking steps to make it easier for brands reach these young Latinos. It also plans to cultivate a second source of… Read
Gwyneth Paltrow Says Her Celebrity Was A Hindrance In Raising Money For Her Lifestyle Brand Goop
Oscar-winning actress Gwyneth Paltrow has built a $250 million wellness and lifestyle brand that launched its first international pop-up store London this fall and is on track to double its annual revenue this year.
But even someone with Paltrow’s international celebrity and social media cachet found it difficult to raise money for her business, Goop.
“Being an actress, it was really helpful to get meetings,” Paltrow told the Wall Street Journal’s Tech D. Live conference… Read
Disney And WarnerMedia Will Emerge As Winners In Streaming Space, Media Analyst Says
Veteran media and tech executive Michael J. Wolf predicts that established media brands — including The Walt Disney Co. and WarnerMedia– will be among the handful of winners in the emerging direct-to-consumer world.
Wolf’s consulting firm, Activate, ranked potential winners in the streaming sweepstakes in his annual tech and media presentation at the Wall Street Journal’s Tech D.Live conference in Laguna Beach.
This year, Wolf wades into some meaty topics: including the… Read
MoviePass Parent Ditches Stock Split Vote, Warns Of Possible Delisting
The board of directors of MoviePass parent Helios and Matheson has canceled a shareholder vote on a reverse stock split, warning in an SEC filing that if it doesn’t manage to prop up its share price soon, it will face delisting by the Nasdaq.
The company known for pioneering subscription moviegoing, whose shares once soared on optimism that the tech disruptor would be the Uber of exhibition, have been hovering between one and two cents for the last several weeks.
Comcast Responds To Donald Trump-Aided Heat From Cable Trade Group, Calls Its Demands “Without Merit”
Like a gust of wind reigniting a dying ember on a dry hillside, President Donald Trump has inflamed long-simmering tension between Comcast and a cable trade group still unhappy with its 2011 acquisition of NBCUniversal.
The American Cable Association, which reps small and mid-size cable and broadband providers (and not the top players like Charter, Altice and Comcast Cable, which are part of the NCTA), wrote a letter to the Department of Justice. The letter calls for an… Read
Apple Stock Drops To Three-Month Low On Dim Outlook By Suppliers
Apple’s stock fell 5% today, reaching its lowest level in nearly four months, after key suppliers cut their forecasts citing reduced orders from a major customer.
Lumentum Holdings, a supplier for 3D sensors used in Apple’s Face ID technology, and screen maker Japan Display, both lowered their outlooks because of weaker demand. Suppliers don’t tend to name major customers in their reports, but analysts have concluded that the two companies revised their numbers based on iP… Read
Phone For The Holidays: Apple Reaches Device Sales Deal With Amazon
Just in time for the holidays, Apple and Amazon have struck a deal dramatically expanding the selection of Apple devices sold on the e-commerce platform.
Amazon said today its website will now offer the most-recent iPhones — including the XS and XS Max, introduced in September — as well as iPad, Mac computer, Apple Watch and Apple TV models. Also included in the pact are branded accessories and headphones from Apple's Beats subsidiary. Amazon previously sold only older… Read
Vine Co-Founder Reveals Name Of His New Video Looping App
Dom Hofmann, a co-founder of Vine, has revealed the name and launch timing for his next video-looping app: Byte, launching in the spring of 2019.
Details are scant, but Hofmann has indicated that the new app will be similar to Vine, which featured six-second video sequences in repeating loops.
bought Vine for $30 million in 2012. Four years later, it shut down the service, which had launched the careers of pop star Shawn Mendes and video prankster Logan Paul… Read
Google Overhauls Sexual Harassment Policies In Response To Walkout
Google today pledged a sweeping overhaul its sexual harassment policies after thousands of its employees staged a massive global protest last week.
CEO Sundar Pichai sent an email to all employees, saying the company would provide greater transparency in how Google handles allegations, better support for those who make complaints and a renewed commitment to a respectful workplace.
“We recognize that we have not always gotten everything right in the past and we are… Read
Defy Media, Home To Smosh And Clevver, Ceases Operations — Update
UPDATE: The story is updated with a statement from the company
Defy Media, a company known for such millennial-focused digital brands as SMOSH, Break and Clevver, said it ceased operations today and is laying off all of its employees.
The company issued a statement blaming market conditions for getting in the way of it accomplishing its business goals.
“Our main focus now is to find homes for these great brands and people so that they can continue to thrill and delight… Read