Aereo is not sitting around waiting for a judge to decide its fate. The digital video service that might disrupt traditional television economics if it can get through a legal thicket thrown up by those most wedded to traditional TV economics is going for growth.
Chet Kanojia’s start-up, which last year began offering streams of high-definition broadcast TV signals to devices from smartphones to tablets, plans to expand from New York City to 22 new markets, having secured $38m in a series B financing round, led by Barry Diller’s IAC and Highland Capital Partners. Read more
Stress balls, breath mints, cupcakes and a sponsored “oxygen bar”: yes, it’s Internet Week in New York, the annual feast of branded freebies, parties and panels for the city’s digital media and marketing set.
Today a Yahoo presentation drew the biggest crowd at the warehouse-like SoHo venue. Some were clearly there for an address on “big data” by Billy Beane, the number-crunching general manager of the Oakland A’s baseball team and inspiration for Brad Pitt’s character in Moneyball. Read more
The company that brought you AOL-Time Warner has become more careful about old media-new media investments. So it was little surprise that CNN, Time Warner’s cable news division, greeted a Reuters report that it was about to buy Mashable warily.
“We do not engage in speculation about our business and we aren’t commenting on those reports,” was the canned response. Read more
As he celebrated Sony’s sweep of Grammy awards at a star-draped after-party in West Hollywood on February 12, Sir Howard Stringer looked like a man relieved.
Adele, the Sony-signed British singer, had won six trophies, capping a year of music successes for the Japanese group and its Welsh-American chief executive, who had lured industry veteran Doug Morris to run his record labels, and pulled off a bid for EMI Music Publishing without committing much capital. Read more
It is a measure of how far streaming digital music services have come that Daniel Ek, co-founder of Spotify, could be feted by a room full of music industry lawyers during Grammy Awards week.
Ek, the keynote speaker at the Entertainment Law Initiative event at the Beverly Hills Hotel, hinted at the industry’s initial resistance when he pointed out that he had started Spotify in 2006 and it had taken him two years to launch in Europe and a full five years before it hit the US market last July. Read more
One thing is going smoothly for Eastman Kodak. This afternoon, in the basement of a Wall Street hotel, it took just three hours to decide who should make up the committee to represent creditors in its Chapter 11 bankruptcy process. Read more
BookExpo America is upon us, and all the talk at the New York publishing fair is of booming e-book sales and where that leaves hardbacks and paperbacks.
Barnes & Noble, the bookstore chain whose digital prospects helped encourage John Malone to make a $1bn offer last week, is marking the occasion by unveiling a new model of its Nook e-reader on Tuesday morning. Kobo got in a day early with the launch of a new touch-screen version of its 6-inch e-ink reader on Monday. Read more
Few people outside the New York Times headquarters can have been happier to see the publisher announce its (very) long-awaited model for charging for online news last week than Steve Brill and Gordon Crovitz.
The founder of The American Lawyer and the former head of WSJ.com set out two years ago to persuade publishers around the world that such paid models were feasible, and to provide them with the software to implement them. Read more