Online services provider Akamai's move to shift the company away from a primarily CDN focus to tailoring its products toward industry verticals brought in earnings well above analyst estimates in the first quarter of 2016, posting revenues of $567.72 million, or $3.91 million above forecasts, and diluted net earnings per share of 66 cents, 3 cents higher than predicted.
The investor rebellion against online video and social media stocks appears to be continuing after Twitter's shares fell 13 percent in after-hours trading Tuesday following a first-quarter earnings report that missed analyst estimates by over $13 million. Revenues reached just $595 million, 36 percent higher than a year ago but much lower than its high point of $641 million in the fourth quarter of 2015.
After a flurry of announcements and hurried promises at the end of 2015, the first quarter of 2016 did not see too many actual launches of subscription video-on-demand services. Still, three significant SVOD products became available to the U.S. streaming market, and a slew of other services are queuing up for the second and third quarters.
Turner Networks, long a stalwart of the cable world, is apparently keeping to its stated plan to launch several online video services over the next several months, and more: in addition to partnering with the Criterion Collection on its very first SVOD foray, FilmStruck, the company is deepening its audience knowledge by signing with Canvs to gauge engagement via social media platforms like Twitter.
DisneyLife, the SVOD service launched last year in several countries outside the U.S., is off the screens of Chinese viewers according to Alibaba, the media company that licensed the service in the country. Ostensibly, DisneyLife was shut down for "service upgrades," but The Wall Street Journal, citing people familiar with the issue, said regulators put a halt to the service.
Why are ratings for linear video plummeting? Cable One CEO Thomas Might has a theory -- several, really, based on some classic business concepts mixed with the market disruption brought by OTT.
This year marked my third time covering the over-the-top goings-on at the NAB Show in Las Vegas, and the annual tradeshow, as usual, did not fail to catch the attention of the broadcast industry and the myriad vendors that support media and entertainment. Each year is different when it comes to the conversation around OTT and the technologies that are drawing the most focus and excitement, and 2016 was no exception.
Tackling linear lag: Perseus touts IP delivery with set-top launch, while Net Insight shops its sync solution
LAS VEGAS -- Solving the problems of lag and buffering in IP video delivery are part of the industry's push to create a better-quality streaming experience overall, and separate announcements here by vendors V-Nova and Net Insight illustrate that trend.
Comcast's wholesale division and thePlatform have joined forces to launch a new product, theVideoPlatform, which gives traditional media and entertainment players like broadcasters and cable operators the ability to quickly launch, manage and maintain multiscreen video services.
LAS VEGAS -- Executives with Google's YouTube online video service and Amazon headlined the National Association of Broadcasters' Online Video Conference, putting a spotlight on the rapid changes taking place not just in online video, as virtual reality and consumer-friendly business models come to the fore, but also in the traditional broadcast community.
Amazon and Netflix may soon be racing neck and neck for subscribers, as Amazon adopted a monthly subscription tier that aligns closely to the top SVOD provider's streaming tiers. The news, coming just ahead of Netflix's first-quarter earnings report, may have contributed to a drop in Netflix share prices.
LAS VEGAS -- Akamai, best known for its globe-spanning content delivery network (CDN) operation, is upping the service ante with broadcasters that also plan to stream linear video over the top. The provider added a live-stream monitoring component to its operations with the unveiling of its new Broadcast Operations Control Center (BOCC) at its headquarters in Cambridge, Mass.
LAS VEGAS -- IBM is making up ground in the cloud-based online video delivery space, announcing here at NAB that its new Cloud Video unit is providing the platform for a number of on-demand and live video services. That includes Comic-Con HQ, the Lionsgate-owned SVOD service that will launch on May 7.
It's fitting that this year's National Association of Broadcasters tradeshow takes place, as usual, in Las Vegas: for the past few years, NAB members have increasingly gambled on having a presence in the online video ecosystem. But this year, more than ever, that bet looks like a sure thing.
Yahoo Screen may be defunct, but that isn't stopping OpenTV Inc., a subsidiary of European media company Kudelski Group, from citing it in a counter lawsuit alleging that Yahoo is infringing on 10 of its patents.
Online video and multiscreen vendors Quickplay and You.i TV have partnered to enable their customers -- many of which are pay-TV operators and content programmers -- to create customized multiscreen applications. The aim is to speed the process for traditional media players looking get their content streaming over-the-top to multiple connected devices like Roku players, iOS and Android devices.
The evolution of content distribution and the consistent growth of over-the-top streaming generates industry predictions of the inevitable decline and fall of pay TV. As video ecosystems collide, the industry remains in a state of great change.
Turner Sports and CBS announced that they have extended their multiplatform licensing deal with the NCAA for its Division I Men's Basketball Championship by another eight years, through 2032. The landmark agreement, worth a total of $8.8 billion, is both a vote of confidence in the joint broadcast and live-streamed OTT strategy used for March Madness since 2011, and a solid lock-in of rights for one of sports' most profitable tournaments.
Broadband TV, the Vancouver-based online video vendor that got its start, like other companies such as AwesomenessTV, within YouTube's multichannel network ecosystem, is now closing in on Google Sites and Facebook when it comes to monthly views of its video content.