Disney to Purchase Remaining Stake in Hulu from Comcast

Disney announced it plans to purchase the remaining one-third stake in Hulu from Comcast’s NBCUniversal in a move that has been widely expected. The announcement follows Disney’s acquisition of Fox’s entertainment assets in 2019, which gave the entertainment giant two-thirds of streaming service Hulu. Disney, which is expected to pay at least $8.61 billion for the remaining stake, currently offers the Hulu service as part of a streaming bundle with its Disney+ and ESPN+ platforms. “The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” explained the company in a press release. Continue reading Disney to Purchase Remaining Stake in Hulu from Comcast

Nearing 1 Billion Users, LinkedIn Debuts Job Coach Chatbot

LinkedIn expects to pass the 1 billion user mark this month, and timed to that feat is unleashing a new suite of AI productivity tools, including job coaching, personalized digests and help writing original content for the platform. The new machine learning assists will initially be available only to Premium subscribers, centered on the aforementioned three main areas. The move follows months in which LinkedIn has been upgrading its AI capabilities in areas like automated recruiter messaging, job descriptions and profile writing suggestions. The improvements draw on OpenAI technology, in which LinkedIn parent Microsoft has an ownership stake. Continue reading Nearing 1 Billion Users, LinkedIn Debuts Job Coach Chatbot

X to Launch Paid Tiers in Next Move Toward ‘Everything App’

Elon Musk’s X social media service will soon launch two new monthly subscription tiers, a $16 X Premium+ plan with no ads, and a budget-priced $3 option with “most” of the same features “but no reduction in ads.” Musk had for some months been discussing new paid subscription options as part of an effort to fight spam and bots on the platform. In November, the company began offering an $8 monthly X Premium subscription (formerly Twitter Blue) that includes blue check verification and the promise of some boosted post exposure. Musk is also envisioning a digital wallet with financial services, business applications to compete with LinkedIn, and a news wire service. Continue reading X to Launch Paid Tiers in Next Move Toward ‘Everything App’

TikTok Dives into Live Music with Its First Concert Experience

After launching a subscription-only music streaming service in territories around the world this past summer, TikTok is now moving into concerts and e-ticketing. The ByteDance company’s first live global music event will be “TikTok In The Mix,” featuring Cardi B, Niall Horan, Anitta and Charlie Puth, along with surprise guests and new artists from the TikTok Elevate program. Taking place December 10 at Sloan Park in Mesa, Arizona, the show will integrate elements of the For You feed, with “a range of activities inspired by the TikTok community’s favorite trends.” Continue reading TikTok Dives into Live Music with Its First Concert Experience

Netflix Raising Rates After Profitable Q3, Subscriber Growth

Netflix can chalk up another solid quarter, with Q3 revenue of $8.5 billion, up 8 percent year-over-year, with 9 million new subscribers for a total of 247 million worldwide. Netflix attributes the strong subscriber growth in part to its ongoing password-sharing crackdown. The company has now officially rolled out what it calls “paid sharing” in all regions in which it operates, reporting that there were fewer resulting cancellations than expected. Rather, it says it has largely effectuated its desired result of converting piggybacking customers into paid subscribers. Meanwhile, Netflix is raising its rates as it continues to add originals and “license titles from around the world.” Continue reading Netflix Raising Rates After Profitable Q3, Subscriber Growth

Spotify Offers ‘Merch Hub’ for Recommendations and More

Spotify has launched an in-app dedicated Merch Hub that will offer personalized purchase recommendations based on listening habits. Previously, the music streamer’s shopping opportunities were through artist profile pages as well as via the Now Playing view and new release pages. Now, “instead of having to browse artist by artist, this update makes it easier than ever to access all artist merch in one place,” Spotify says. Last year, the streamer reported “the highest-grossing merch sales week for artists in Spotify history” in its annual Wrapped report. Continue reading Spotify Offers ‘Merch Hub’ for Recommendations and More

NBC Streamer SportsEngine Play Targets $37B Youth Market

NBC Sports Next has launched a subscription amateur sports streaming service geared toward the youth market. SportsEngine Play will also offer a free tier for live and on-demand content centered on its target audience. The service leverages the technology acquired with Rapid Replay, a streaming startup purchased by NBC in September 2022. The new service is among a dozen related brands NBC has purchased over the years, including a specialty software company called Sports Ngin that the company bought in 2016 to make apps for youth sports organizations and leagues. Continue reading NBC Streamer SportsEngine Play Targets $37B Youth Market

Crunchyroll and GSN Launch a FAST Channel for Anime Fans

Sony Pictures Entertainment’s Crunchyroll and Game Show Network (GSN) have teamed to launch the Crunchyroll 24-hour anime streaming service. The new FAST channel will be available in the U.S. on Amazon Freevee, LG Channels, the Roku Channel and Vizio’s WatchFree+. Crunchyroll has been delivering East Asian content to U.S. audiences since 2006. In 2016 it partnered with Funimation, which also specialized in Japanese content. Sony acquired Funimation in 2017 and Crunchyroll in 2021, merging the two last year. Continue reading Crunchyroll and GSN Launch a FAST Channel for Anime Fans

Comcast-Charter Venture Starts Shipping Xumo Stream Box

Xumo, a joint venture between Comcast and Charter Communications, has begun rolling out its Xumo Stream Box to Charter’s Spectrum customers, with plans to bring it to Comcast’s Xfinity homes soon. The Xumo Stream Box is powered by Comcast’s Entertainment Operating System (EOS), designed to simplify the process of finding content, regardless of where it resides. “Xumo is streaming simplified, bringing a live TV experience together with all the top apps,” Charter President of Product and Technology Rich DiGeronimo said of the new device. Xumo Stream Box can be used to find, discover and select content on-demand using voice control. Continue reading Comcast-Charter Venture Starts Shipping Xumo Stream Box

Adobe Launches Web Version of Photoshop with AI Features

Adobe has officially added Photoshop on the web as one of its Photoshop plans. The web version is geared to Photoshop newbies and comes complete with Adobe Firefly generative AI features including Generative Fill and Generative Expand. Adobe called it “a major milestone” since introducing Photoshop on the web in beta two years ago, starting with “an early preview of image editing capabilities.” Features now available for commercial use on the web include the ability to easily add or remove elements from any image, change a background, expand the frame, and create visuals using text-based prompts. Continue reading Adobe Launches Web Version of Photoshop with AI Features

AMC Offers a New Commercial Tier for Its Streaming Service

AMC Networks has begun rolling out an ad-supported version of its flagship AMC+ streaming service. Initial availability will be on AMC’s own direct-to-consumer platform and apps, with third-party platforms and channel providers added in the coming weeks. Priced at $4.99 per month, the ad-supported tier includes less than five-minutes per hour of sponsored messages and the same content that comes with the $8.99 per month ad-free plan (or $83.88 annually). Chief Commercial Officer Kim Kelleher says the new product offering is “bringing ads to the only piece of our distribution ecosystem that wasn’t already ad-supported.” Continue reading AMC Offers a New Commercial Tier for Its Streaming Service

Tubi Chooses ChatGPT to Power Content Recommendations

Fox Corporation’s Tubi TV video streaming service is rolling out a proprietary movie recommendation app called “Rabbit AI” in a beta test for iOS customers in the U.S., with other platforms to follow. Powered by OpenAI’s GPT-4, currently available only to enterprise and other paying customers, Rabbit AI provides “a new way to navigate” Tubi’s library of more than 200,000 movies and TV episodes, “providing hyper-personalized recommendations based on the contextual meaning of the terms,” the company says. A Rabbit AI plugin for ChatGPT is also now available to OpenAI subscribers, Tubi says. Continue reading Tubi Chooses ChatGPT to Power Content Recommendations

Amazon Plans to Invest Up to $4 Billion in AI Startup Anthropic

Amazon has entered into a strategic investment in San Francisco-based Anthropic, founded by former members of OpenAI. The AI startup will train and deploy future models using AWS Trainium and Inferentia chips to train and deploy future foundation models with AWS as its primary cloud provider. In turn, Amazon says it will invest up to $4 billion in Anthropic, as it strives to compete with other technology firms in the race to develop generative AI, seeding growth for what is shaping up to be an entirely new economic and social landscape. Continue reading Amazon Plans to Invest Up to $4 Billion in AI Startup Anthropic

Amazon Prime Video to Run TV Commercials Early Next Year

Amazon Prime Video plans to introduce commercial breaks to its popular streaming service early next year, following top platforms such as Disney+, Netflix and Warner Bros. Discovery’s Max, which already offer ad-supported tiers. The company indicates it will run fewer ads than traditional linear TV broadcasters and broadband rivals but has yet to specify numbers. Subscribers in the U.S. who want to keep the streaming service ad-free have the option of paying an additional $2.99 per month. Amazon explained that its strategy to include ads would help it “continue investing in compelling content and keep increasing that investment over a long period of time.” Continue reading Amazon Prime Video to Run TV Commercials Early Next Year

WBD Will Begin Streaming Live Sports on Max in Two Weeks

Warner Bros. Discovery will begin adding free live sports to its Max streaming service beginning October 5 as a promotional period. Beginning February 29, 2024, subscribers will be charged an additional $10 per month to keep it as part of the new “Bleacher Report Sports Add-On Tier.” Max streaming sports will include Major League Baseball playoff games, regular-season National Basketball Association and National Hockey League games, U.S. soccer and the NCAA men’s basketball March Madness. The sports fee will be in addition to the subscription price for ad-supported or commercial-free Max. Continue reading WBD Will Begin Streaming Live Sports on Max in Two Weeks