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Todd Spangler / Variety:
Report: Mashable has agreed to sell itself to Ziff Davis for around $50M, a fraction of the site's $250M valuation less than two years ago   —  Digital-media firm Mashable has clinched a sale for the company — and it's not for a price that founder Pete Cashmore or investors including Turner were looking for.
Nov 16, 2017, 5:55 PMIn context
Todd Spangler / Variety:
Fullscreen Media says it will shut down its SVOD service January 2018, will lay off about 25 employees   —  Fullscreen Media is pulling the plug on its subscription-video service — less than two years after launching it — and is laying off about 25 employees with the shutdown.
Nov 13, 2017, 10:30 PMIn context
Janko Roettgers / Variety:
Former Hulu CTO Tian Lim hired last month by Google as VP for Google Play; Hulu SVP of engineering Barry Steinglass will be interim CTO   —  Google just added a high-ranking Hulu executive to its team: The company has hired former Hulu CTO Tian Lim, who will be leading product and user experience efforts as a VP for Google Play.
Nov 13, 2017, 7:20 PMIn context
Janko Roettgers / Variety:
Filing and LinkedIn updates show Roku acquired Denmark-based multi-room audio startup Dynastrom ApS in September for $3.5M   —  The evidence that Roku is working on a smart speaker product is mounting: The streaming device maker acquired Denmark-based multi-room audio startup Dynastrom ApS in September for $3.5 million.
Nov 10, 2017, 12:55 AMIn context
Daniel Holloway / Variety:
Netflix to cancel House of Cards, its first original series, after season 6, amid allegations against Kevin Spacey   —  Netflix drama “House of Cards” will end with its upcoming sixth season, Variety has learned.  Production has begun on what will be the final season of the drama series, which is set to premiere in 2018.
Oct 30, 2017, 5:00 PMIn context
Janko Roettgers / Variety:
Sources: Roku to start streaming to third-party hardware that doesn't run its OS; one source says move will likely involve mobile devices   —  In a major twist, Roku is looking to start streaming videos on devices made or controlled by competitors like Apple and Google, Variety has learned …
Oct 25, 2017, 8:05 PMIn context
Janko Roettgers / Variety:
FCC filing: DirecTV has plans for an Android TV-based OTT 4K set-top box, that includes remote with integrated touch pad that supports voice commands   —  AT&T's DirecTV is getting ready to embrace internet-based content delivery beyond its DirecTV Now service: The company is about to introduce …
Oct 24, 2017, 6:15 PMIn context
Todd Spangler / Variety:
AT&T loses record 385,000 traditional pay-TV subscribers in Q3, posts 296,000 net adds for DirecTV Now, and reports revenue of $39.7B, down from $40.9B YoY   —  AT&T's DirecTV and U-verse TV businesses were hammered in the third quarter of 2017, while the telco's over-the-top DirecTV …
Oct 24, 2017, 4:50 PMIn context
Todd Spangler / Variety:
Snap and NBCUniversal form a 50-50 joint venture studio to produce original content exclusively for Snapchat and sign indie filmmakers Mark and Jay Duplass   —  Snap and NBCUniversal are creating a Hollywood studio dedicated to the future of app-centric entertainment.
Oct 17, 2017, 1:35 PMIn context
Jan Dawson / Variety:
The strength of Netflix's international revenue and subscribers, compared to US competitors, helps the company offset rising content costs   —  Much has been made of Netflix's massive and fast-growing content budget, which the company estimates will be $7 million for 2018.
Oct 15, 2017, 3:45 PMIn context

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