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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
Stewart Clarke / Variety:
Ofcom report: UK subscribers to Netflix, Amazon Prime, and Sky's Now TV hit 15.4M in Q1, overtaking the 15.1M traditional pay-TV subscribers for the first time   —  The level to which Netflix and Amazon are redefining the TV picture has hit home in the U.K. as new data from media regulator …
Jul 19, 2018, 7:30 AMIn context
Todd Spangler / Variety:
YouTube TV went down during a crucial World Cup match, the second such outage since it went down during an NBA game in May   —  YouTube TV, Google's internet-delivered subscription TV service, was hit with nationwide outages Wednesday — right in the middle of Fox's broadcast …
Jul 11, 2018, 5:00 PMIn context
Stefanie Fogel / Variety:
Blizzard Entertainment announces exclusive multi-year agreement for live TV coverage of its professional esports league for Overwatch with ESPN and Disney   —  The Overwatch League quarterfinals start Wednesday, July 11 at 8 p.m. ET and fans can now watch all of the action on ESPN, Disney …
Jul 11, 2018, 4:50 PMIn context

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