Jul 11, 2017

The streaming bubble that could burst

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Apple bets big on Tinseltown's top talent

Richard Plepler Photo: Gary Gershoff/FilmMagic, Oprah Winfrey Photo: Steve Granitz/WireImage, Reese Witherspoon: Taylor Hill/Getty Images

Apple's new streaming service is only beginning to take shape, but already the tech giant has signaled that it's willing to spend big to lure Hollywood's top talent to be a part of it.

Why it matters: Analysts have for years predicted that Apple, with lots of free cash flow, would one day buy a content company like Netflix or HBO to fulfill its streaming ambitions. But Apple's recent investments in individual producers, actors and directors suggest the Silicon Valley titan is heading in a different direction.

Go deeperArrowJan 3, 2020

Spotify will suspend political ads in 2020

Photo: Aytac Unal/Anadolu Agency/Getty Images

Spotify announced Friday that it will suspend political ads in early 2020 for its nearly 130 million ad-supported listeners, Ad Age reports.

The big picture: The streaming giant, which said it lacks the resources "to responsibly validate and review" such content, is the latest tech company faced with attempting to figure out how to best handle misinformation and political ads.

Go deeperArrowDec 27, 2019

Cox Communications ordered to pay $1 billion to music labels, publishers

A U.S. District Court jury on Thursday found Cox Communications, a telecom company, liable for the piracy infringement of more than 10,000 pieces of music, awarding $1 billion in statutory damages to the plaintiffs Sony Music, Universal Music Group, Warner Music Group and EMI, according to Billboard.

Why it matters via Axios' Ina Fried: In general, it has been individuals not internet service providers that have been held liable for piracy. "[S]imilar lawsuits ... have been filed against Charter, Charter subsidiary Bright House Networks, RCN, and Grande Communications," The Verge writes.

Go deeperArrowDec 20, 2019