Snap smashes expectations with narrowed losses and surprise user growth April 24, 2019 Original shows, a design overhaul for Android phones and an entry into video games powered Snap to top analyst expectations last night, surprising Wall Street naysayers. Snap – the parent firm of photo-messaging app Snapchat – said its losses had narrowed to $0.10 per share or $123m (£95m) in the first three months of 2019, [...]
Sunday evening now ‘prime’ spot for TV advertisers as viewers flock to hit dramas April 24, 2019 Sunday is now the most effective time for TV advertising in the UK, as hit drama series help boost audience engagement. New data from TV and radio analytics firm Admo.tv reveals more TV ad spots air on Sunday than any other day of the week, while adverts on this day also drive more web traffic. [...]
Netflix to sell $2bn worth of bonds amid competition with streaming rivals April 23, 2019 Netflix will issue $2bn (£1.5bn) worth of bonds, denominated in both dollars and euros, to raise money as the battle over TV and film streaming intensifies. Read more: Netflix predicts slowed subscriber growth as price hikes begin to hurt The online media giant said the interest rate, maturity date, and other terms of the bonds [...]
All a-Twitter April 23, 2019 Anyone who knows about social media would recognise Jack Dorsey, the CEO of Twitter: unruly beard, black knitted hat, dark clothes. He’s a distinctive figure in a way that Mark Zuckerberg isn’t, though it’s also true that there’s yet to be a film made about Dorsey’s rise to prominence. The Twitter boss recently took part [...]
Digital publishing revenues rise as video and display formats drive growth April 23, 2019 Digital publishing revenues rose almost seven per cent last year as publishers shift their focus towards video formats. Figures from the Association for Online Publishing (AOP) and Deloitte reveal UK revenues rose 6.8 per cent to £511.5m in 2018. Read more: Google hands out €500,000 for local publishers’ project The growth was driven largely by [...]
Twitter profits triple as it reaps rewards of crackdown on harmful content April 23, 2019 Shares in Twitter rose more than 16 per cent today after the social media platform posted a threefold increase in first-quarter profits. Read more: Twitter boss Jack Dorsey was paid just $1.40 in 2018 The figures Revenue grew 18 per cent year-on-year to $787m (£605m) in the three months to the end of March. Net [...]
National Enquirer sold to US magazine distributor April 19, 2019 US tabloid newspaper The National Enquirer, which admitted paying hush money to get President Donald Trump elected, has been sold to James Cohen, the chief executive of Hudson Media. The weekly tabloid, which was also accused of allegedly trying to blackmail Amazon founder Jeff Bezos, has been sold by American Media Inc (AMI) for a reported [...]
Elon Musk channels a sheep as he and English Rural Life museum swap pictures April 18, 2019 The Museum of English Rural Life has adopted Elon Musk's Twitter display picture, after the Tesla CEO decided to take their sheep image and start answering tweets about Tesla cars with sheep puns. Now visitors to the page of the Museum of English Rural Life will be greeted with Musk's face in a joke that continues [...]
Netflix predicts slowed subscriber growth as price hikes begin to hurt April 17, 2019 Netflix expects its subscriber growth rate to weaken in the coming months, as upcoming US price rises for its TV streaming site dampen the attraction of new users. The firm said it had gained a record number of 9.6m paid subscribers in the three months to March, taking its total up to 148.9m and ahead of [...]
Watchdog plans crackdown over children’s online safety April 15, 2019 Social media giants must limit their collection of personal data from children or face fines of up to £17m, the UK data watchdog has warned. The Information Commissioner’s Office will today open consultation on a code of practice which online platforms such as Facebook and Snap must meet in order to better protect children’s privacy. [...]