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Todd Spangler / Variety:
Hulu CEO Mike Hopkins says the streaming service will spend ~$2.5B on content in 2017, less than half of the $6B Netflix says it's spending this year   —  Hulu is spending a bundle on programming this year: Its content budget for 2017 is around $2.5 billion, CEO Mike Hopkins said Thursday.
Sep 15, 2017, 5:00 PMIn context
Todd Spangler / Variety:
Instagram says some high-profile accounts have been breached after a now-fixed API bug exposed phone numbers and email addresses   —  Instagram said at least one hacker was able to steal personal information from high-profile user accounts, blaming the breach on a bug in its system that has now been fixed.
Aug 30, 2017, 6:55 PMIn context
Todd Spangler / Variety:
Netflix reports Q2 revenue of $2.79B, vs. $2.76B expected, and total streaming subs grew 5.2M to 104M, vs. 3.2M expected; stock up 13%+   —  Netflix added 4.95 million overall streaming subscribers in the second quarter of 2017, handily beating investor expectations for both U.S. and international growth.
Jul 17, 2017, 4:18 PMIn context
Todd Spangler / Variety:
Musical.ly partners with Viacom, NBCUniversal, Hearst to launch series of original interactive shows   —  NY Digital Editor @xpangler  —  Musical.ly, the lip-syncing social video app popular among teen girls, is stirring professionally produced short-form shows into its mix of user-generated content.
Jun 15, 2017, 9:55 PMIn context
Todd Spangler / Variety:
Drone Racing League raises $20M Series B From Sky, Liberty Media, WWE, Lux Capital   —  Drone Racing League announced today the close of a Series B investment round of more than $20 million, led by U.K. satellite provider Sky, Liberty Media and Lux Capital.  —  The two-year-old New York startup …
Jun 12, 2017, 3:10 PMIn context
Todd Spangler / Variety:
Live streaming service Live.me raises $60M from China's Cheetah Mobile and others to expand overseas   —  Live.me, a one-year-old startup that makes a live-streaming video app, has banked $60 million from investors including its majority owner, Chinese app developer Cheetah Mobile.
May 3, 2017, 6:45 AMIn context
Todd Spangler / Variety:
Hacker leaks stolen “Orange Is the New Black” season 5 episodes after Netflix failed to pay ransom; Netflix says a production vendor was compromised   —  An anonymous hacker has carried through on a threat to release “Orange Is the New Black” season five episodes online …
Apr 29, 2017, 3:20 PMIn context
Todd Spangler / Variety:
Vivendi's Dailymotion plans major June relaunch, sidelining user videos to focus on premium news, sports, music, and entertainment content   —  Dailymotion is about to largely abandon its roots in user-generated content.  —  The video site, now majority owned by French media conglom Vivendi …
Apr 11, 2017, 3:40 PMIn context
Todd Spangler / Variety:
Altice USA, Owner of Cablevision and Suddenlink, Files for IPO   —  Altice USA, formed from the acquisition of cable operators Cablevision Systems and Suddenlink Communications, has filed for an initial public offering.  —  In the SEC filing Tuesday, Altice USA indicated that it plans to raise …
Apr 11, 2017, 2:45 PMIn context
Todd Spangler / Variety:
Netflix's chief product officer Neil Hunt to depart in July after 18 years, will be replaced by Greg Peters; chief talent officer Tawni Cranz also leaving   —  Greg Peters to take over as chief product officer in July; chief talent officer Tawni Cranz is departing
Apr 8, 2017, 1:20 AMIn context

Sponsor Posts

Microsoft:
Expanding the fight against child labor in mining  —  Microsoft commitment will enable nonprofit Pact to expand its critical work in the Democratic Republic of Congo.
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