Facebook turned in another massive quarter — reporting a quarterly record $21.08 billion in revenue for the fourth quarter of 2019, and announcing that its core app now reaches 2.5 billion us…
Facebook turned in another massive quarter — reporting a quarterly record $21.08 billion in revenue for the fourth quarter of 2019, and announcing that its core app now reaches 2.5 billion users each month. Still, while it Facebook beat Wall Street expectations on revenue and earnings per share of [...]Apple has tapped nine-year Netflix veteran Ruslan Meshenberg as an engineering leader on its streaming-video team.
Rupert Murdoch’s News Corp says it’s trying to battle fake news and social-media clickbait with Knewz, its own curated headline-aggregation service. The company’s new Knewz.com site — a text-heavy agglomeration that has already drawn critiques of its cluttered design — officially launched Thursday as a “beta” test. The site, patterned after other aggregators like Google [...
The march to the launch of HBO Max in May is driving changes across WarnerMedia. John Stankey, AT&T chief operating officer and WarnerMedia chairman, told investors on Wednesday that cable powerhouses TNT and TBS will lean into more unscripted programming as WarnerMedia steers its investment in high-end scripted programming to the nascent subscription streaming platform. [...
Whip Media Group — formed by TV Time’s acquisition of Mediamorph last year — closed a new tranche of $50 million in funding that the company claims will let it build unprecedented tools for determining the value of TV show and movies in the global entertainment market. The funding was led by prior investor asset-management [...]
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AT&T Q4: WarnerMedia Takes $1.2 Billion Hit on HBO Max Investment, Telco Loses 1.2 Million TV SubscribersAT&T’s top line was stung by its investment in HBO Max in the fourth quarter of 2019 to the tune of $1.2 billion in “foregone licensing revenues.” The telco also continued to …
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