Tuesday, January 22, 2019

Business

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Doubling down on the podcasting business, iHeartMedia reached a deal to acquire podcast pioneer Stuff Media, which includes the HowStuffWorks podcasting business and a slate of 25 podcast shows, for $55 million. A source familiar with the deal confirmed the price, first reported by the Wall Street...
YouTube unveils its first German shows, including two comedy formats, on Wednesday as part of the platform’s continued international rollout of original content for its paid subscription offering. In Berlin for the launch of the three formats, YouTube Chief Business Officer Robert Kyncl told Variety that the...
BMI broke two of its own records in the fiscal year ending June 30, generating $1.199 billion in revenue and distributing $1.118 billion in royalties to its songwriters, composers and publishers, an increase of $95 million, or 9% higher than...
Leading property developer China Resources has struck a deal to build 14 IMAX theaters in its new cinema chains. Theaters will be opened between now and 2021, with installations in Chongqing and Taiyuan debuting this month. Most of the others are expected to be...
Online marketplaces offer consumers the unique and appealing opportunity to shop for virtually anything from the comfort of their own homes. Unfortunately, buying online is a risky endeavor and should be approached with serious caution; you never know when you...
Twitter has been testing out a podcast-like feature of live audio streaming on Periscope. The tests have been going on for a few weeks now and Twitter announced that it's going public with it. There is one catch since the...
Starbucks is finally coming to Italy with stylish location. Starbucks is arguably the most popular and well-known coffee company in the world. With so many stores scattered across the globe, it's more difficult to not find a Starbucks nearby. Having said that, there...
Oath’s immersive entertainment studio RYOT is opening up a physical studio space with a focus on cutting-edge media production technologies this fall. The RYOT Innovation Studio is scheduled to launch on Verizon’s Playa Vista, Calif. campus in October, and is set to work...
Leading Bollywood distributor, Eros International has struck a content licensing deal in China with streaming giant iQIYI. Eros described the deal as a content licensing deal for Eros Now, Eros’ own streaming video platform. In a statement it claimed that “Eros...
Chinese e-commerce giant Alibaba confirmed Jack Ma’s plan to step down as chairman. He will be replaced by current CEO Daniel Zhang in September next year. Rumors of the retirement of 54 year-old Ma surfaced late last week in Chinese business media and...
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