Latest Digital
YouTube Delivers $8.1B In Quarterly Ad Revenue, Beating Wall Street Expectations
Even as linear TV continues to struggle, the video advertising market on YouTube continues to grow. The Google-owned video platform on Thursday reported advertising revenue of $8.1 billion in Q1 2024, up more than 20% from $6.7 billion in the Q1 quarter a year ago. Wall Street estimates were for YouTube ad revenue of $7.7 […]
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Warner Bros. Discovery Jumps Into Data-Driven Advertising Business With New Tool Olli
With linear TV in flux and streaming on the rise, Warner Bros. Discovery is the latest media company to launch a first-party data platform to try and change how TV and video advertising is bought, sold, and measured. The company on Thursday announced “Olli,” its first-party data solution for marketers, giving them a single touchpoint […]
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Senate Passes Bill Forcing TikTok’s Parent Company to Sell or Face Ban
The Senate passed legislation Tuesday that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers that’s expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income. The TikTok legislation […]
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Taylor Swift Beats Travis Kelce at Webby Awards; Olivia Rodrigo, Timothée Chalamet Also Among Winners
Taylor Swift has beaten Travis Kelce — at least in the competition for a Webby Award. The singer and football pro, who are romantically linked, were both vying for a Webby in the same category — best creator or influencer collaboration, features (social). Swift won for her National Voter Registration Day collaboration with Vote.org, while […]
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Disney Entertainment CTO Aaron LaBerge Exits to Join Penn Entertainment
Disney has lost one of its top streaming executives. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, will leave at the end of June to become the CTO of Penn Entertainment, the gambling company that is partnered with Disney on the ESPN Bet sports betting platform. According to a memo to staff […]
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Netflix Adds 9.3M Subscribers In Quarter, Growing Its Lead in Streaming
Netflix reported its first-quarter earnings Thursday, adding 9.3 million subscribers and expanding its lead as subscription streaming TV’s dominant platform. The company now has 269.6 million global subscribers. The company said in its quarterly letter that it will stop reporting subscriber numbers and average revenue per member beginning in the first quarter of 2025. Netflix […]
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Verizon Inks Deal for Free Disney Streaming Bundle for Some Unlimited Customers
Verizon and Disney are partnering on another bundle deal. The telecom giant is offering select unlimited plan customers six free months of The Disney Bundle: Disney+, Hulu, and ESPN+. The deal will give new and current Verizon customers six free months of the bundle when switching to the plans, and after that it will cost […]
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Former Disney TV Chief Ben Sherwood and Cosmopolitan Editor Joanna Coles to Take Over The Daily Beast
A pair of high-profile media veterans are taking charge at The Daily Beast. IAC says that it has formed a “strategic partnership” in the publication with Ben Sherwood, the former president of Disney’s TV group (and the former president of ABC News) as well as Joanna Coles, the former chief content officer for Hearst and […]
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Roku Says 576K Accounts Compromised in Data Breach
The streaming video platform Roku says that it has uncovered a new data breach impacting 576,000 accounts. The company says it uncovered the new “incident” while investigating last month’s security breach, in which 15,000 accounts were compromised. “After concluding our investigation of this first incident, we notified affected customers in early March and continued to […]
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BAFTA Games Awards: ‘Baldur’s Gate 3,’ ‘Super Mario Bros. Wonder’ Lead Winners
Baldur’s Gate 3 led the winners at the 20th BAFTA Games Awards unveiled on Thursday evening in London with five honors. Super Mario Bros. Wonder, Viewfinder and Alan Wake 2 won two awards each. Marvel’s Spider-Man 2 and Baldur’s Gate 3 led the nominations with nine and 10 nods, respectively. Nadji Jeter won the BAFTA for best performer in […]
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Amazon CEO Andy Jassy’s Pay Rose Slightly in 2023, Says Streaming TV Ads “Growing Quickly”
Amazon filed its annual report and proxy filing Thursday morning, revealing 2023 compensation for CEO Andy Jassy and chairman Jeff Bezos, with Jassy writing the company’s annual letter to shareholders, with generative artificial intelligence and Amazon’s advertising business both playing major roles. Jassy’s 2023 pay package was in line with last year, with the executive […]
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Getty Images CEO Calls for Industry Standards Around AI
Craig Peters is bullish on AI. The CEO of Getty Images, who is taking part in an innovation summit on artificial intelligence being held Wednesday at Cannes’ international TV market MIPTV, remains clear-eyed about the dangers generative AI could pose to the creative industries. “What concerns me is that not everyone wants there to be […]
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YouTube Stars Dude Perfect Score $100M-Plus Investment From Highmount Capital
One of the biggest brands on YouTube is planning a significant expansion, and has locked up a massive investment to do it. Dude Perfect, perhaps best known for their elaborate trick shot videos on YouTube and other video platforms, have secured a nine-figure investment from Highmount Capital in a play to build out their business […]
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Fresh Off Epic Games Deal, Disney Bolsters Video Game Executive Ranks
The Walt Disney Co. is building out its video game business, announcing new hires and promotions in its gaming division as it seeks to grow its presence in the space. The newly-expanded executive ranks come just a couple of months after Disney announced a major deal with Epic Games in which it would invest $1.5 […]
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The Reviews Are In and Wondery Means Business
This story was created in paid partnership with Wondery. Last week, Wondery officially rang in a first of its kind podcast collection, Wondery Means Business. From thrilling finance crime stories about the fall of crypto billionaires to short-and-sweet business news takes, the shows highlight some of the studio’s most iconic, business-oriented podcasts, all in one […]
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YouTube Brings Multiview to Coachella Livestreams In Major Expansion (Exclusive)
YouTube’s first season with NFL Sunday Ticket is leading to big changes in how the streaming giant plans to stream this year’s Coachella music festival, which will kick off on April 12 at 4 p.m. PST. YouTube will be streaming the festival for the 12th year, but in a big change, it will bring “Multiview” […]
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