The turmoil at Yahoo continues as the once venerable Internet portal continues to redefine itself, this time by shutting down its Yahoo Screen app, which it had backed with some pretty pricey content, including episodes from Saturday Night Live, clips from NFL games, original content and even the relaunch of the popular comedy Community after NBC dropped the show.
But the end of Yahoo Screen doesn’t necessarily mean the end of Yahoo’s video ambitions.
Chomp, chomp… that’s the sound of ongoing consolidation in the digital video infrastructure market where Harmonic announced a $75 million deal to acquire Thomson Video Networks for $75 million in cash, plus $15 million in post-closing adjustments. The other chomp? IBM also announced it had acquired Clearleap for an undisclosed sum.
Netflix has become a mainstay of Dutch smartphone users with more than 1.7 million consumers installing the SVOD company's app on their smartphones, a new report said.
Telecompaper said Netflix now is as popular as Dutch public broadcaster NPO, and trails only YouTube – which has 6 million app downloads as the Netherlands most popular video app.
One-time startup thePlatform, was acquired by Comcast in 2006 from founder Ian Blaine; it's been operating as a standalone unit since, but, no more. The company said it is now under the guidance of Comcast Wholesale.
Marty Roberts, co-CEO of the company for a little more than the past year, has left the Seattle-based online video platform and Jamie Millar, who served with Roberts as co-CEO, now will report to Comcast Wholesale SVP and GM Matt McConnell.
Latin America’s crowded OTT market is expected to generate $1.84 billion in revenue by 2018, up 262% from $509.2 million in 2014.
Researcher Dataxis looked at transactional video one demand (TVOD) as well as subscription (SVOD) and download to own (DTO) service revenues in Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.
Currently, nearly 90 services operate in the region.
Looking to get the jump on developing an open-source, royalty-free codec specification that will easily handle 4K content, a Who’s Who of Internet companies -- including Amazon, Cisco, Google, Intel Corporation, Microsoft, Mozilla and Netflix – have announced as founding members of the Alliance for Open Media (AOMedia).
The seven say the group wants to deliver an open, royalty-free and interoperable solution for the next-gen of video delivery.
With Serena Williams looking to net the first calendar year Grand Slam in nearly three decades, the U.S. Open will be presented on ESPN exclusively starting Aug. 31, with the Women’s title match on Saturday, Sept. 12 and the Men’s on Sunday, Sept. 13.
The coverage will be massive, with more than 130 hours on ESPN, ESPN2 and WatchESPN and another 1,100 hours on ESPN3.
Last year, just 100 hours was on TV and 400 on ESPN3.
With an eye on continued expansion of its content catalog, Netflix this week said new customers in many of its European markets would see a €1 increase in the price of its standard subscription to €9.90 ($10.90), and informed current customers that they’d also see the price bump, but not for another 12 months.
More than half of all U.S. consumers aged 12 and above bought or rented movies or TV shows digitally in the past six months, a new report says.
OK, time for a little Political Science rant (it’ll be short, promise).
The Donald (Trump, of course) will be a big part of tonight’s Republican presidential candidates debate, along with nine other potential candidates who want to be the GOP 2016 nominee. That’s not such a big deal, as there will be several more before the preferred candidate finally is anointed.
Yet another report is predicting linear TV viewing will nosedive in coming years as more consumers turn to online and mobile video for their entertainment.
ZenithOptimedia forecasts a 23% increase in the amount of time people will spend consuming online video daily in 2015, and an additional increase of nearly 20% in 2016.
In this week's Videomind podcast , Hack and Flack discuss the week's top TV and media news and trends, including a look at just how dismal Q2 was for pay-TV operators, how Netflix and its line up of new Originals is changing TV, research about cord cutting and how -- GASP! -- making premium content affordable and easy to access could put an end to piracy.