DreamWorks Animation studio, responsible for the likes of the Shrek and Kung-Fu Panda movie franchises, is laying off almost a quarter of its workforce as part of a restructuring of its animated film business following a string of box office flops. The company said it would cut 500 positions and incur a $290 million charge […]
Perform, the digital sports content group, will deliver live and on-demand coverage of the upcoming Winter Universiade on behalf of Fisu, the International University Sports Federation. The announcement marks the renewal of a media services agreement between Perform and Fisu for an additional four years, with Perform having provided streaming, content management, marketing and promotional […]
Andrus Ansip, European Commission Vice President responsible for the Digital Single Market, has suggested that Europe’s rules on copyright need to be updated to make them fit for the digital age, describing copyright as a restriction holding back the full development of the Digital Single Market. Speaking at a debate organised by the European Internet […]
BT Sport and ESPN have signed a seven-year agreement to expand the range of ESPN content on BT Sport. The agreement also covers the use of the ESPN brand and potential joint digital media initiatives. The new long-term collaboration builds on the successful relationship between both brands following the acquisition of ESPN’s UK and Ireland […]
Netflix aims to debut as many as 20 original series per year, Chief Content Officer Ted Sarandos has told NATPE. “I think that we probably can launch around 20 original scripted shows a year,” he said. Netflix’s success with launching original series – particularly shows such as House of Cards and Orange Is the New […]
According to part two of the results from the second NATPE||Content First and the Consumer Electronics Association (CEA) joint research study on consumer attitudes toward television viewing, greater opportunities exist for content creators and content rights holders as consumers continue to embrace and seek out streamed content. The study found that viewers who stream TV […]
Natixis Bank forecasts the French version of Qatari pay-TV channel, beIN Sport, will accumulate €2.2 billion losses over the 2012-2020 period. Should the group decide to launch an IPO, its stock market capitalisation would be negative at -€2.65 billion. The bank points out the fragility of beIN Sport’s business model on a long term basis. […]
Shazam, the UK based mobile music recognition service, has raised $30 million in a funding round that pushes its valuation to $1 billion. The company has not revealed who the new backers are, but says they had not previously invested in Shazam. Shazam’s core product is a music recognition app that listens to ambient music […]
Following its December beta launch to content creators, Jason Kilar, former CEO of online entertainment streaming service Hulu, and CEO/co-founder of web video operation Vessel, is now inviting content creators’ fans to try Vessel as it starts an invite-required beta of the service. In a blog post – Now Playing: Vessel Beta – Kilar says […]
Revenue for the world’s 20 highest earning football clubs reached €6.2 billion (£5.2bn) last season, up €800 million (£669m) (14 per cent) on the previous year, according to the 18th edition of the Football Money League from Deloitte, the business advisory firm. Dan Jones, Partner in the Sports Business Group at Deloitte, said: