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Todd Spangler / Variety:
Regulatory filings show that Hulu lost about $357M in Q2 due to higher programming and marketing costs; parent companies to invest an additional $1.5B in 2018   —  Parent companies to invest additional $1.5 billion in streaming venture in 2018  —  Hulu's cash burn has accelerated …
Aug 10, 2018, 2:05 PMIn context
Brian Crecente / Variety:
Fortnite for Android now available in beta on the Samsung Galaxy Apps store for all Galaxy flagships since the Galaxy S7 and the Galaxy Tab S3   —  Mass media obsession “Fortnite” is available on select Samsung Android phones now, but other Android phone owners will have to wait until later …
Aug 9, 2018, 11:33 AMIn context
Brian Crecente / Variety:
Gaming chat app Discord launches a games store in beta, available to 50,000 randomly selected customers in Canada, and says it has 150M users   —  Discord, the online chat and video service used by 150 million gamers, drops into the video game sales business Thursday with the launch …
Aug 9, 2018, 10:25 AMIn context
Janko Roettgers / Variety:
Roku beats estimates in Q2 with revenue of $156.8M, up from $99.6M in Q2 2017, and net loss of $100K, as platform revenues grow 96% YoY to $90.3M; stock up 15%+   —  Ad-supported streaming continues to lift Roku's results: The company solidly beat market expectations with its Q2 2018 earnings …
Aug 8, 2018, 5:30 PMIn context
Jem Aswad / Variety:
Warner Music Group sells its entire stake in Spotify for $504M   —  UPDATED: In its earnings call on Tuesday morning, Warner Music Group announced that it has now sold its entire stake in Spotify, realizing $504 million.  —  CEO Steve Cooper said that the sale resulted in $126 million …
Aug 7, 2018, 10:25 PMIn context
Todd Spangler / Variety:
Video streaming startup NewTV, led by Jeffrey Katzenberg and Meg Whitman, raises $1B round with Disney, Alibaba, NBCUniversal, Viacom, and others participating   —  Backers include Disney, Fox, Sony, Lionsgate, MGM, NBCU, Viacom, WarnerMedia, Alibaba, Liberty Global, Madrone Capital
Aug 7, 2018, 11:00 AMIn context
Brian Crecente / Variety:
Sources: GameFly, which sold its streaming tech and development team to EA, will shut down its game streaming service on August 31   —  Gamefly plans to shut down its video game streaming service at the end of August, according to the company's support line and messages being sent to the service's users, Variety has learned.
Aug 3, 2018, 1:55 PMIn context
Todd Spangler / Variety:
Comcast and Amazon reach a deal to integrate Prime Video into Comcast's Xfinity X1 service; Comcast expects to launch Prime Video on X1 later this year   —  Comcast and Amazon reached a deal to bring Prime Video to the cable company's Xfinity X1 service — the first time Amazon's premium …
Aug 2, 2018, 7:45 PMIn context
Janko Roettgers / Variety:
The Facebook stock drop foreshadows a potentially less profitable future as it relies more on video formats like Stories with a lighter ad load than News Feed   —  These days, everything seems to be going wrong for Facebook.  The social networking giant is still reeling from the aftermath of the Cambridge Analytica privacy scandal.
Jul 27, 2018, 12:35 AMIn context
Janko Roettgers / Variety:
BitTorrent confirms it has been acquired by blockchain startup Tron; filings suggest about $126M in cash was paid for the company   —  File sharing veteran BitTorrent has finally confirmed that it has a new owner: “We are excited to announce that Tron has officially closed its acquisition of BitTorrent …
Jul 24, 2018, 3:30 PMIn context

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