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Plex Launches 80 Live TV Channels on Its Ad-Supported App

The free, ad-supported media app Plex just added 80 live TV channels, none of them cable channels like CNN, Lifetime or TBS. Rather, it offers a lineup that includes Reuters, Toon Goggles and the Bob Ross Channel, among others. In the current economic climate, consumers are gravitating to this kind of free linear programming, which harkens back to the early days of television. Plex got its start as a cord-cutting solution with free on-demand video and DVR functionality for on-air TV networks. Read more

Energy Department Plans to Build a Secure Quantum Internet

The U.S. has unveiled a national project to build a quantum Internet, which would function alongside existing Internet networks. A quantum Internet is based on photons exhibiting a quantum state known as entanglement that allows it to share information over long distances without a physical connection. One goal of the project is to build a network that would be more secure and nearly unhackable. The Department of Energy created a strategy by which its 17 national labs would serve as a backbone for a prototype national quantum Internet to launch in 10 years. Read more

Google Ramps Up Online Shopping, Faces Scrutiny in Europe

Google has tried to compete with Amazon in online shopping four times since 2013. But, with shoppers stuck at home during the COVID-19 pandemic, the company now sees another opportunity. To lure sellers, Google said it would waive sales commissions, which range from 5 percent to 15 percent, and let retailers use third-party payment and order management services like Shopify. In the European Union, meanwhile, Google is facing the demand that it “make major concessions” related to its $2.1 billion purchase of Fitbit, including how it uses customer data for search and advertising. Read more

Microsoft Cloud Service Revenues Skyrocket Past $50 Billion

Microsoft reported that sales rose 13 percent to $38 billion in its fiscal Q4, for a net profit of $11.2 billion. Largely due to continued demand for its Azure cloud-computing services, both figures exceeded Wall Street expectations. Microsoft’s revenue from the commercial cloud division “surpassed $50 billion for the first time ever in the latest fiscal year.” The company is also the target of a complaint Slack filed with the European Commission, accusing it of using its market power to crush rivals. Read more

Spotify, Universal Music Join Forces with New Licensing Pact

Spotify inked a new multi-year global licensing deal with Universal Music Group after being out-of-contract for about a year. Under the terms of the agreement, Spotify has access to UMG’s catalog for streaming and UMG will be part of Spotify’s so-called two-sided marketplace, whereby it will pay for analytics, data and marketing. Spotify, under pressure to prove to investors that it can be more consistently profitable, spends most of its revenue on licensing deals with music publishers and record labels. Read more

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