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NBCU Teams With AOL To Cross-Promote And Co-Produce Web And TV Contentby David Lieberman

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NBCU Teams With AOL To Cross-Promote And Co-Produce Web And TV Content

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Most broadcasters are trying to persuade advertisers to keep spending on TV instead of diverting dollars to the online video providers making sales pitches at this week’s NewFront presentations in New York. But not NBCUniversal, it seems: The Comcast-owned company forged a potentially wide-ranging video partnership with AOL, the companies said today. NBCU will provide video clips and segments from its across its platforms — including NBC, USA, MSNBC, CNBC, Bravo, Oxygen… Read

Business

Twitter Shares Plummet After Tweet Leaks Weak Q1 Revenues And Guidance

Twitter Goes Public On The New York Stock Exchange

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Twitter’s own platform was partly to blame for the afternoon chaos that sent its share price tumbling. The company stopped trading on its shares after its Q1 financial results — due to be released after the market closed — were tweeted by research firm Selerity. The share price fell 5.8% before trading was halted. Its hand forced, Twitter released its earnings statement and allowed trading to resume. The stock finally closed down 18.2%. The problem: Twitter missed Wall… Read

Business

Cablevision Has A Deal With Hulu But Won’t Say What It Entails

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The Long Island-based cable operator presents us with a head-scratcher. Cablevision says it has an agreement to “offer Hulu’s subscription streaming service to Optimum customers,” making it the “first cable or satellite provider” that will provide Hulu’s “comprehensive on-demand content.” That could be a big deal if, say, Cablevision offers Hulu Plus as a subscription TV service like HBO or Showtime. It could be a big nothing if the cable operator just plans to market… Read

Business

Maker Studios Will Develop Online Videos With Marvel And Other Disney Units

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Like other digital video providers, Maker Studios is using its NewFront presentation in New York this morning to introduce new shows. But the short-form content specialist is especially eager to highlight its alliances — including with parent Disney, advertiser data services, and celebs such as designer Rachel Zoe, actress Taryn Southern, comedian Lisa Schwartz, and web-series star Meghan Camarena (a/k/a Strawburry17). Maker will team with Disney-owned Marvel to develop… Read

Business

Refinery29 Distills $50 Million From Scripps Interactive, WPP In Series D Round

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Refinery29 – the female-centric online-media company – has raised another $50 million in a Series D round of funding from Scripps Networks Interactive and the WPP Ventures arm of giant advertising and marketing holding company WPP, the company announced. The round, which brings to $80 million the total raised by Refinery29, will be used to expand its video and entertainment programming targeting Millennial generation women, to expand internationally, and to build more… Read

Business

Yahoo NewFront Touts New News, Music & Comedy Offerings

Yahoo To Announce Q2 Earnings One Day After Appointing New CEO

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Yahoo kicked off NewFront week in NYC today by stepping up its effort to blur, if not erase, the line befween online and TV programming. It unveiled 18 series, including a Simon Cowell-produced DJ talent show, a daily news show hosted by Katie Couric, a live weekly business news show, and magazine-related series including one featuring model Naomi Campbell and another with actress Michelle Rodriguez. "We know that advertisers want to tap into premium video content that… Read

breakingBusiness

Apple Does It Again: Beats Expectations For Earnings And iPhone Sales

Apple IPads Sales Down

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The electronics company’s shares are poised to hit another new high tomorrow after releasing an earnings report for early 2015 that exceeded the Street’s expectations — and increased its capital return plans. The company generated $13.6 billion in net income, up 32.7% vs the period last year on revenues of $58 billion, +27.1%. The top line beat forecasts for about $56 billion. Earnings at $2.33 a share topped expectations for $2.16. All eyes also are on its main profit… Read

Business

Google’s Dan Fredinburg Among Those Killed In Everest Avalanche Following Nepal Quake

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Google executive Dan Fredinburg was one those killed in an avalanche on Mount Everest, following the devastating 7.8 earthquake that rocked Nepal early this morning. Fredinburg served as Chief of Privacy for Google X, and headed up product management for the company’s Privacy team. His sister made the news public via Instagram, attributing his death to a “major head injury”. “We appreciate all of the love that has been sent our way thus far and know his soul and his… Read

Business

Google Teams With Sprint And T-Mobile For New ‘Project Fi’ Wireless Service

Google Opens New Berlin Office

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This might inspire a lot of wireless providers, and consumers, to rethink their mobile phone plans: Google formally unveiled today its long anticipated wireless service, called Project Fi. It costs $20 a month, and will route calls via WiFi, Sprint, or T-Mobile — whatever’s fastest. The fee includes talk, text, Wi-Fi tethering and coverage to more than 120 countries. It’s an additional $10 for 1 Gb of cellular data, or $20 for 2 Gb, etc. — and you get a credit for the… Read

Business

Nancy Tellem Plugs Back In As Chairman, Chief Media Officer At Interlude

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Nancy Tellem, who was CBS Network TV president and then launched Microsoft’s short-lived Xbox Entertainment Studios, has re-emerged as Executive Chairman and Chief Media Officer of Interlude. The company made its name initially in interactive music videos for Bob Dylan, Led Zeppelin, Coldplay and others but is broadening its focus to other kinds of interactive video entertainment, both as a producer of original content and service provider for big brands. As CBS… Read

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Imax CEO Richard Gelfond On Large-Format Future: ‘Avengers: Age Of Ultron’, Rivals, TV Shows & Adult Fare – CinemaCon

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EXCLUSIVE: In 1994, Richard Gelfond didn’t know that much about the movie business.  He was an investment banker, a lawyer and an entrepreneur and together with his business partner Brad Wechsler, snapped up Imax, a nice purveyor of nature and science documentaries. When it came to expanding to more blockbuster fare, there was a bit of catch 22: Studios wouldn’t shoot movies in Imax unless there were more commercial theaters and exhibs wouldn’t build more theaters unless… Read

breakingBusiness

Yahoo Shares Slip As Q1 Revenues Fall Short Of Wall Street Expectations

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More bad news for CEO Marissa Mayer: Yahoo shares — already down 11.6% so far in 2015 amid concerns about its ability to boost ad sales — are off 2.1% in post market trading after it reported disappointing Q1 financials. Revenues not including transaction costs came in $1.04 billion, down 4.1% vs the period last year, below expectations for $1.06 billion. Adjusted earnings at 15 cents a share — down from 38 cents last year — also fell short of forecasts for 18… Read

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