Cisco is poised to make its biggest acquisition ever, with an agreement in place to buy cybersecurity firm Splunk for $28 billion. Cisco, which turns 30 next year, is a global leader in the manufacture of computer networking equipment. Splunk is a 20-year-old company with more than 1,100 patents and a business built around keeping systems and data safe, resolving technical issues and minimizing the risk of hacks, most recently introducing new AI-based services. The companies expect the deal to close in late 2024. Cisco CEO Chuck Robbins says the deal will be financed with a combination of cash and debt. Continue reading Cisco to Acquire Cybersecurity Firm Splunk in $28 Billion Deal

Hollywood talent discovery platform HUSSLUP debuted its desktop app this week, staking its claim as the LinkedIn of the entertainment community. With backing from Comcast NBCUniversal’s LIFT Labs accelerator and various venture funds, the job search and networking hub aims to help young professionals who want to break into the world of production for film, television and games. The company launched as a mobile app in December, when it announced a $2.5 million seed round and 4,000 job-seeking members. HUSSLUP has separate logins for creative professionals and entertainment companies, offering functionality catering to each. Continue reading HUSSLUP Aims to Become Entertainment Industry’s LinkedIn

Netflix, which said it lost almost one million subscribers in Q2, has been aggressively cutting costs, implementing a variety of measures that range from scaling back its real estate footprint to trimming cloud computing. While the streaming giant says the cuts have not significantly impacted content spending, it has laid off more than 400 employees in 2022 and has begun hiring more junior staff, according to reports. Macroeconomic trends have made belt-tightening common across the industry, but at Netflix it stands in stark contrast to years of explosive growth and free spending. Continue reading Netflix Cutting Costs in Areas Such as Cloud, Staffing, Perks

Last year, Microsoft’s LinkedIn added Stories as “a fun and casual way to share quick video updates.” According to senior director of product Liz Li, the company is now going back to the drawing board to create a “reimagined video experience across LinkedIn that’s even richer and more conversational.” In the meantime, LinkedIn announced it is shutting down its Stories feature, having received feedback that users did not want disappearing videos but rather lasting videos that showcase their expertise and personality. Continue reading LinkedIn to Swap Fleeting Stories for Creative Video Feature

During the seventh installment of ETC@USC’s Executive Coffee with… series, Vubiquity CEO Darcy Antonellis posed an intriguing question for USC students: “If you were asked to create the educational system of the future, what would learning look like for college-age students or post-grads such as yourself?” Graduate and undergraduate students from the USC School of Cinematic Arts and the Iovine and Young Academy participated in this lively November 4 discussion. Students expressed interest in online schedules, networking meet-ups, collaboration and support, the technology gap, group-based learning and more. Continue reading ETC Executive Coffee: A Talk with Vubiquity’s Darcy Antonellis

A comprehensive report from the Entertainment Software Association (ESA) reveals that the game industry created direct economic output of $409.9 billion in 2019 as well as direct employment of 143,045 people. Further, gaming generated total income of $35.28 billion including $17.37 billion in direct compensation to workers in the video game industry. In indirect support, the game industry contributed $90.3 billion. All these figures are predicted to grow in 2020, due to the rise of gaming during the COVID-19 shutdowns. Continue reading ESA Report Details Ongoing Growth of Video Game Industry

Walt Disney Studios and Microsoft inked a five-year deal to start transitioning filmmaking to Microsoft’s Azure cloud platform, with the goal of complete “scene to screen.” The effort is led by Disney’s StudioLAB. Walt Disney Studios chief technology officer Jamie Voris said the first step will be to move Avid editing tools into the cloud, to facilitate collaboration across locations. Microsoft U.S. president Kate Johnson noted that “we are at the tipping point for cloud in media and entertainment.” Continue reading Disney, Microsoft Team Up to Shift Moviemaking to the Cloud

Ohio-based cybersecurity firm Finite State released a report that documents flaws in Huawei Technologies’ equipment that can be used by hackers. According to the report, these flaws are much more extensive than those found in similar gear from rival companies. The report does not, however, accuse the company of incorporating these flaws deliberately and does not comment on U.S. claims that the Chinese company uses such flaws to conduct espionage. The flaws were found in firmware, which enables a computer’s hardware. Continue reading Cybersecurity Report Finds Extensive Flaws in Huawei Gear

Samsung has launched its SmartThings Wifi router to provide consumers with fast, secure home networking and a reliable smart home hub. Currently available in the U.S. for $120 per single unit or $280 for a 3-pack, the new router leverages artificial intelligence for Wi-Fi management and faster speeds — in addition to mesh networking for optimized Wi-Fi coverage. According to Samsung, a single unit covers up to 1,500 square feet; deploying multiple units helps ensure strong signals throughout the home while minimizing dead zones. Continue reading Samsung Tackles Home Networking With SmartThings Router

Snap Inc. is launching an accelerator named “Yellow” with hopes of finding the next big media business. This fall, the accelerator will invest $150,000 in 10 startups or creators looking to develop media projects for mobile devices. Snap plans to take a small equity stake in those selected to receive the funding. The startups will also get mentorship from Snap execs, access to professional networking events, the opportunity to distribute content on Snapchat, and office space in Venice, California where Snap is based. CEO Evan Spiegel is expected to be involved in mentorship and the selection process. Continue reading Snap Launches an Accelerator Program With Focus on Mobile

Local news is already in sad shape, and Facebook and Google now aim to cover it rather than national news. But two editors of digital outlets are proposing a different model for invigorating local news, especially in urban areas that where the local press has been destroyed by digital technology. In this model, very good journalists would cover the news that no one else is covering — and ignore everything else that isn’t local news, including the Super Bowl, movie reviews and the stock market report. Continue reading Two Editors Describe New Model to Reinvigorate Local News

Apple just revealed that it is investing $390 million in Finisar, the company that manufactures the chips used in Apple’s products for depth and proximity sensing. Apple has made use of the chip’s capabilities in some of its new features, including Face ID, Animoji and ARKit, the software development kit for augmented reality. The investment comes from Apple’s $1 billion Advanced Manufacturing Fund. The Sunnyvale, California-based Finisar will use the money to re-open a plant in Texas that will create 500 jobs. Continue reading Apple Invests $390M into Depth/Proximity Chip Maker Finisar

Google and Cisco Systems are partnering to help companies manage software and technology services in their own data centers or an external cloud service. The two tech titans’ collaboration is aimed at breaking through Amazon and Microsoft’s domination of cloud services. With the new deal, Google will have access to Cisco’s corporate clients and Cisco will get a boost in its transition from computing networking equipment to cloud services. Cisco also competes with rivals such as VMware, another Amazon ally. Continue reading Cisco, Google Partner to Gain Market Share in Cloud Services

Ubiquiti, a company known for selling networking products, has introduced FrontRow, a $399 Android-based wearable camera with a round display that enables “effortless capture” from a first-person point of view. The camera lets users toggle the livestream through Facebook Live, YouTube Live and/or Twitter Live. The two 55-gram (almost two-ounce) cameras, one on each side of the wearable device, offer a round 1.96-inch 640×572 LTPS (active matrix LCD) display. FrontRow features a quad-core processor, 2GB of RAM and 32GB of storage. Continue reading Ubiquiti Rolls Out $399 Wearable Camera for Live Streaming

Intel just unveiled its Xeon Scalable line, a new generation of 58 processors designed for “secure, agile, multi-cloud data centers.” Priced from $200 to $10,000 each, this array of new chips should serve as a clear message to would-be competitors that Intel plans to continue its dominance in the data-center market segment, which offers better profit margins than chips for PCs. Threatening Intel’s leadership are companies creating specialized chips aimed at maximizing performance of artificial intelligence programs. Continue reading Intel Eyes the Future With New Family of Xeon Server Chips