Tech

HiStudios, a new podcasting content venture spun out of the Chinese-backed podcast platform Himalaya, is getting ready to open a physical production studio in Los Angeles next month. The company is looking to make a mark with sports and influencer podcasts, and is favoring an open distribution strategy over paywalled exclusives. HiStudios started as the
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Glow Technologies, a startup whose platform lets podcast creators set up payment options for fans to fund their shows, has raised $2.3 million in seed financing from backers including venture-capital firm Greycroft, rap artist Nas and Jeffrey Katzenberg’s WndrCo investment company. Greycroft led the round with participation from WndrCo, Norwest Venture Partners, PSL Ventures, and
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Facebook is dipping its toes into the subscription VOD waters — as an aggregator and reseller. The social giant is launching what it’s describing as a small-scale test to sell subscription VOD services directly to users. Initially, the Facebook video subscriptions will be available for four services: BBC and ITV’s BritBox, CollegeHumor’s Dropout, MotorTrend App
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Sonos ended its most recent quarter with much narrower losses than Wall Street had anticipated, with solid revenue growth across its core product categories, and some added revenue from its new cooperation with Ikea. In its fiscal third quarter, which ended on June 29, Sonos generated revenue of $260.2 million compared to $208.4 million during
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August 7, 2019 11:55AM PT Amazon Music today announced that it has hired Adam Block as Global Head of Music Catalog, a new position. Block, who for many years was president of Sony’s Legacy Recordings, will report to the Ryan Redington, director of Amazon Music. According to the announcement, Block will drive the catalog music strategy for
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Agency and media conglomerate Endeavor has hired Guy Schory, a former eBay and PayPal executive, as its first chief digital officer. Schory will head up Endeavor’s digital efforts across product management, marketing, data platforms, advertising and commerce. He also will lead Endeavor’s digital direct-to-consumer and business-to-business operations, including Endeavor Streaming, the video-streaming distribution unit formed
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In another podcast land-grab, radio broadcast giant Entercom Communications has inked deals to acquire podcast companies Cadence13 and Pineapple Street Media. Entercom announced the acquisition of podcast producer Pineapple Street Media and an agreement to buy full control of Cadence13, a New York-based podcast studio and distribution company, after acquiring a 45% stake for $9.7
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It’s no secret that record companies haven’t historically been very good at consumer marketing. True, many once supported direct-to-consumer (DTC) or direct-to-fan (DTF) initiatives in which they sold albums and CDs directly to music buyers, but those sales rarely amounted to a significant revenue stream. The labels had little interest in upsetting the retail distributors
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August 7, 2019 4:00AM PT Cable operator Altice wants to take on Sonos and other smart speaker makers with a Hi-Fi product of its own: Altice announced a new speaker called Altice Amplify Wednesday that combines audio technology developed by luxury smart speaker maker Devialet with Alexa-powered voice control. Altice customers will get Amplify for
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AMC-backed virtual reality (VR) startup Dreamscape is opening a new outpost in the NorthPark Center mall in Dallas, Tx. The location-based VR center is scheduled to open on August 15, with tickets going on sale Tuesday afternoon. The Dallas location will be Dreamscape’s second VR center, and it will once again be opened in partnership
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