(Reuters) – Streaming music service Spotify will soon provide video content from musicians, news organizations and TV networks in a bid to sign up more subscribers, the company said on Wednesday.
A new recommendation function, similar to what rival Pandora Media Inc offers, will let people pick channels based on lifestyle activities, like “songs to sing to in the shower,” or “100 plus hits form the 1980s,” the Stockholm-based company said.
May 14 (Reuters) – Madison Avenue executives will bring a
tough message when they sit down with broadcasters during their
annual spring bargaining sessions over the next few weeks.
The need for flexibility – to place an ad on the fly, not
months in advance – is driving advertisers to carve more money
from upfront television budgets and direct it to online, mobile
and social media, several ad executives said.
(Reuters) – AOL Inc (AOL.N: Quote, Profile, Research, Stock Buzz) Chief Executive Tim Armstrong’s six year path to transforming the venerable dial-up Internet provider into a marketable mobile ad specialist was filled with bumps.
Armstrong spent hundreds of millions on the money-losing hyper local news site Patch. He presided over – or encouraged – the exit of a string of high level executives.
(Reuters) – Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it will buy AOL Inc (AOL.N: Quote, Profile, Research, Stock Buzz) for $4.4 billion, turning the biggest U.S. wireless carrier into a leading provider of content and video for the web and mobile phones.
The $50-per-share offer represents a premium of 17.4 percent to AOL’s Monday close. AOL and its properties, including the Huffington Post, TechCrunch and Engadget websites, would become a Verizon subsidiary, with AOL Chief Executive Officer Tim Armstrong staying in his role.
(Reuters) – A vast majority of Americans would prefer to assemble their own pay TV channels rather than subscribe to packages that include dozens or hundreds of networks, a new Reuters/Ipsos poll found in a challenge to traditional television distribution.
Seventy-seven percent of U.S. adults said they would like “a la carte pricing” which would allow consumers to pick their own channels. Only 23 percent said they would prefer bundles. (For a graphic see reut.rs/1H4mLdK).
(Reuters) – Twenty-First Century Fox (FOXA.O: Quote, Profile, Research, Stock Buzz) President Chase Carey said on Wednesday “a vast majority of customers want a bundle of channels” rather than to cherry pick networks, an option cable providers are increasingly offering in the face of declining subscriptions.
Carey, who is also co-chief operating officer, made the remarks during a quarterly earnings call after Fox posted a 1.2 percent rise in adjusted revenue, helped by growth in its cable network business and the box office success of “Taken 3″ and “Kingsman: The Secret Service.”
(Reuters) – News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz), owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers.
Total revenue for the third quarter fell 1 percent to $2.06 billion. Analysts were expecting revenue of $2.11 billion, according to Thomson Reuters I/B/E/S.
(Reuters) – Samsung and Walt Disney’s Marvel introduced a marketing campaign that for the first time promotes a movie using short virtual reality films.
The ad campaign, launched last week for the movie “Avengers: Age of Ultron,” employs technology that immerses a user in a 3D world and makes them feel as if they are in the action.
By Subrat Patnaik and Jennifer Saba
(Reuters) – Cable company Charter Communications Inc (CHTR.O: Quote, Profile, Research, Stock Buzz) reported a bigger quarterly loss, hurt by costs from a failed deal between Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) and Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz) that involved assets it was planning to buy.
The $45 billion deal fell through after U.S. regulators raised concerns that it would give Comcast an unfair advantage in the cable TV and Internet-based services market.
By Devika Krishna Kumar and Jennifer Saba
(Reuters) – Viacom Inc reported better-than-expected quarterly profit on Thursday though the media company is still struggling to turn around advertising declines in the United States.
Viacom, the owner of MTV, Comedy Central and Nickelodeon, has been challenged over the past several quarters because of drops in Nielsen ratings and changing TV viewing habits, including the dumping of pricey cable subscriptions.