US media group Viacom announced Tuesday a deal to buy free streaming television service Pluto TV for $340 million in cash to better compete as lifestyles shift to online entertainment. Viacom properties include Comedy Central, MTV and Nickelodeon, as well as Paramount Pictures. "Today marks an important step forward in Viacom's evolution," Viacom chief executive Bob Bakish said in a statement. "As the video marketplace continues to segment, we see an opportunity to support the ecosystem in creating products at a broad range of price points, including free." Viacom is optimistic about the ad-supported streaming television market, where it plans to work with Pluto TV and a range of partners, according to Bakish. Acquiring Pluto TV will advance Viacom strategic priorities, including "expanding its presence across next-generation distribution platforms and growing its advanced advertising business," according to the New York-based media company. Founded in 2013, Pluto TV streams more than … [Read more...] about Viacom buys television streaming service for $340 mn
Time warner for business internet
Technology 12 December 2018 Share this with Facebook Share this with Messenger Share this with Twitter Share this with Email Share this with Facebook Share this with WhatsApp Share this with Messenger Share this with Twitter Share Share this with These are external links and will open in a new window Email Share this with Email Facebook Share this with Facebook Messenger Share this with Messenger Messenger Share this with Messenger Twitter Share this with Twitter Pinterest Share this with Pinterest WhatsApp Share this with WhatsApp LinkedIn Share this with LinkedIn Copy this link https://www.bbc.co.uk/news/technology-46528345 Read more about sharing. These are external links and will open in a new window Close share panel A village street in Bamfurlong, Gloucestershire, has been named as the slowest for broadband internet, according to an annual … [Read more...] about Gloucestershire road ‘has slowest internet’
Verizon Communications Inc. closed the books on a critical quarter. The company named its next CEO, shut down its latest experiment in a string of failed mobile-video services, geared up for its rollout of 5G network service and watched with insouciance as its three closest rivals—AT&T Inc., T-Mobile US Inc. and Sprint Corp.—took bold steps on the merger front. All this is giving a clearer picture of what a future Verizon looks like in a world where telecommunications, media distribution and entertainment are converging and industry stalwarts try to ward off Netflix Inc., a cash-burning, debt-dependent business that’s somehow never been a bigger threat. Verizon is signaling that its focus will remain where it’s always been—on its network technology—rather than jumping on the deal bandwagon or going all-in on a content bet. That’s not for lack of trying. Verizon said Tuesday that it took a $658 million … [Read more...] about Verizon Snubs Hollywood for Tech. Good Call.
Mike Snider and Edward C. Baig USA TODAY Published 10:31 p.m. UTC Jul 13, 2018 Could the U.S. government upset AT&T's plans to give viewers Internet streaming bundles that leveraged its acquisition of Time Warner? Not a chance, the telecom giant's CEO insisted Friday. The morning after the Justice Department said it would appeal an anti-trust decision that led to AT&T's acquisition last month of Time Warner for $85 billion, AT&T CEO Randall Stephenson insisted the legal maneuver would not jeopardize any of the latest video offerings AT&T has pitched to consumers. "We're off and running," Stephenson told CNBC from Sun Valley, Idaho, where he is attending the annual Allen & Co. conference with other tech and media moguls, many of whom will have a rooting interest in how the legal proceedings play out. After the merger was completed, AT&T launched WatchTV, a broadband-delivered video … [Read more...] about The AT&T-Time Warner deal: Could Justice Dept. derail latest moves for WatchTV and prices?
Michael B. Sauter, Evan Comen, Thomas C. Frohlich and Samuel Stebbins 24/7 Wall Street Published 12:15 p.m. UTC Jul 11, 2018 Some product launches can be spectacular failures, and Google Glass, an eyeglasses shaped head-mounted device with smartphone capabilities, failed in such a manner several years ago. It was meant to be the first piece of technology to connect the typical consumer to augmented reality. Google continues to attempt to find a place for the product, but its original launch was a definitive failure. In 2017, the internet giant announced the relaunch of the device to target to businesses rather than the general public, but whatever happens, it will be adopted by a meaningfully narrower audience. Just like success, failure is part of doing business. Entrepreneurs and large companies often take big risks, hoping for success but not always achieving it. These failures take many different forms. When a product doesn’t sell, when it is recalled or discontinued, … [Read more...] about Historic blunders: 50 worst product flops of all time