Tech

July 24, 2019 3:17AM PT Streaming giant Netflix revealed its long-awaited mobile-only subscription plan for India on Wednesday. The plan, which will be available imminently, will cost INR199 ($2.88) per month and will be available on one mobile or tablet screen, per user, in standard definition. While downloads will be supported, casting to televisions will
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Asia-based streaming firm Iflix has completed its latest funding round by bringing in major institutional investor Fidelity. The company says it is now looking towards an IPO. Iflix, which has operations across 12 Asian countries, said that the funding cycle brought in “well in excess of $50 million,” but provided few new details. Other participants
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Bustle Digital Group, continuing its strategy of snapping up smaller digital-media players, has acquired Inverse, geared toward an young-male audience with content about science, tech and culture. Terms of the deal weren’t disclosed. BDG founder and CEO Bryan Goldberg is well-acquainted with Inverse, which was founded in 2015 by CEO Dave Nemetz — who previously
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SAG-AFTRA is warning its 160,000 members about the “overreaching and invasive” terms of use for the FaceApp mobile application. FaceApp, developed by Russian company Wireless Lab, uses neural network technology to automatically generate transformations of faces in photographs. The app can be used to make users appear older, younger, or change gender. The terms include
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Elaine Paul has departed Hulu after nearly six years as chief financial officer to join Amazon Studios as CFO/VP of finance. She started at the ecommerce company’s studio division on July 15, reporting to Dan Jedda, VP of digital, advertising and corporate development finance for Amazon, a company rep said. Paul’s move to Amazon, first
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July 19, 2019 12:50AM PT British broadcasters the BBC and ITV have formally agreed to launch their joint streaming service, BritBox, in the U.K. in the fourth quarter of 2019. It will be priced at £5.99 per month, making it the same price as the cheapest Netflix subscription in the U.K. The service in the
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Vobile Group, a video protection and measurement company, announced a deal to acquire Zefr’s RightsID copyright-management and ChannelID YouTube channel-management businesses for about $90 million. According to the companies, Zefr’s RightsID and ChannelID together generated over $40 million in revenue in 2018 and were profitable. The deal stands to more than triple the revenue for
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BuzzFeed is going IRL by staging its first live event — a variety-style show in New York it’s billing as an in-real-life version of scrolling through your social feed. Headlining BuzzFeed’s Internet Live is a musical performance by Lil Nas X, whose chart-topping song “Old Town Road” has become a viral phenomenon, along with an
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Shares of iHeartMedia, the U.S.’s biggest radio network, fell as much as 7% after they commenced trading Thursday on the NASDAQ Global Select Market. Last month, after exiting a year-long bankruptcy reorg, iHeartMedia announced it was approved for listing on NASDAQ, instead of pursuing an IPO. The company’s shares had previously been traded over-the-counter under
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Crooked Media, the company that produces progressive political podcast “Pod Save America,” tapped Sarah Geismer, a former Netflix and Fox TV exec, as head of creative development and production. In the newly created role, Geismer will lead development for all of active and upcoming podcast, TV and film projects for Crooked Media. The L.A.-based company
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Time launched a new mobile app for immersive journalism Thursday, complete with an augmented reality experience that visualizes the moon landing in a user’s living room. “Landing on the Moon” has been produced with help from Industrial Light & Magic chief creative officer John Knoll, who has been researching the Apollo 11 mission for close
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Netflix wants you to know: It doesn’t have any plans now or in the future to start running commercials on its streaming service. Company execs have have regularly explained that being ad-free is a core part of Netflix’s attractiveness to consumers, and the strategy has been a standard part of its “Long-Term View” mission statement
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July 17, 2019 2:13PM PT Following several months of testing, Netflix is getting ready to officially launch a mobile-only plan in India. Priced significantly below its regular subscription plans, the new plan is meant to help the company better compete with local players like Hotstar. Netflix announced the step in its Q2 2019 earnings letter
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For the first time in eight years, Netflix lost subscribers in the U.S. — dropping a net 130,000 for the second quarter of 2019 — and added nearly 2 million fewer international customers than expected, sending the stock tumbling. Paid subscribers grew by 2.7 million, including 2.83 million internationally, almost half that of Netflix’s previous
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July 17, 2019 10:18AM PT Nintendo just refreshed its wildly successful Switch game console, but the company isn’t giving existing Switch owners many reasons to upgrade: The renewed game console comes with a better battery that guarantees up to 9 hours of game play, while otherwise sticking with the same design and features of the
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