The divide along a demographic line reveals the effect of Internet videos, social networks, mobile phones and video games -- in short, all the alternatives to the television set that are taking up growing slices of the American attention span. Young people are still watching the same shows, but they are streaming them on computers and phones to a greater degree than their parents or grandparents do.
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Belt tightening has prompted Yahoo to close its offices in Argentina and Mexico, although it said it has plans to continue to operate in Latin American through its offices in Brazil and Coral Gables, Fla.
The news was first reported in Tech Crunch.
A Yahoo spokesperson confirmed the move and attributed the decision by the struggling Internet company on an effort to focus on “maximizing growth.”
If there’s anything likely to help the tech industry’s lagging self-confidence after lackluster earnings from Apple and Netflix’s apparent swift fall from grace, it’s got to be Facebook, which reported Q4 revenue that topped $5.8 billion, a subscriber base that’s climbed to 1.59 billion and a claim that more than 500 million Facebookers watch 100 million hours of video daily on the social media site.
Like the Star Wars movie franchise, consolidation in the digital media space is continuing. This time, it’s IBM that has acquired a small startup looking for a good exit. Big Blue is gobbling up live streaming specialist Ustream, with plans to add the company to a new Cloud Video Services unit that will focus on enterprise. Terms of the deal were not disclosed, but some sources report IBM paid about $130 million for the San Francisco-based start up.
Listening to NFL execs after last October’s regular-season experiment, in which it partnered with Yahoo for a first-ever live Internet broadcast of a regular season game, there was little doubt the league wanted to move forward.
The big questions were: With whom? When? And to what extent?
The answers: Google or Apple, next season and limited.