Multiple sources suggest that Peter Chernin, former president and chief operating officer of News Corp., has formally bid around $500 million for Hulu through his Chernin Group holding company, reports Reuters. Chernin helped launch the online video streaming service in 2007, which is currently controlled by Disney and News Corp. (co-owner Comcast relinquished corporate control as a concession when purchasing NBCUniversal). Continue reading Insiders Say Peter Chernin Bidding $500 Million for Hulu

While 4K Ultra High Definition TV has yet to make it into the living room, the industry is moving forward with new cameras, evolving standards and early television production. Sony Pictures Television, for example, is producing select pilots with digital cinema cameras, while 3Net is forging ahead with its Total D strategy that includes producing versions of programs in both 2D and 3D at multiple resolutions. Initial tests for broadcasting sports in 4K are just around the corner. Continue reading NAB 2013: TV Industry Moves Toward 4K Ultra HD Format

First announced at last year’s NAB, cloud-based production service Adobe Anywhere is scheduled to launch in May and will be on display at next week’s NAB (booth SL3910) in Las Vegas. The toolset enables collaboration for creative professionals using Adobe Premiere, After Effects and logging tool Prelude. It uses Adobe’s Mercury streaming engine, a server that streams relevant video frames and scales quality based on available bandwidth. Continue reading NAB 2013: Cloud-Based Production with Adobe Anywhere

Sony announced it has entered the cloud-based services market with the launch of a new set of tools intended to help creative professionals such as production studios, filmmakers, producers, broadcasters and marketing teams work with various media applications online. The Ci scalable cloud platform features a “fast and secure” collection of tools for collecting, producing, sharing and archiving high-quality media content. Continue reading NAB 2013: Sony Announces New Scalable Cloud Platform

Apple’s HDTV, which has reportedly been in development for years, is expected to finally debut later this year. While meeting with supply chain sources in China and Taiwan, Topeka Capital Markets analyst Brian White has gathered information from unnamed sources that suggest Apple will launch its iTV in the second half of 2013. White says innovative new features of the HDTV could make it a game-changer. Continue reading New Report Indicates Apple Will Launch HDTV This Year

Twitter released an updated version of its free Vine app last week that provides users with mobile-to-Web capabilities and allows them to embed Vine looping videos into social tools such as tweets and Facebook updates. Before the Version 1.0.7 update, users had to rely on third party tools like Vineit, which could only grab the videos via a desktop browser. Now the process is possible through the app and via mobile devices. Continue reading Vine App Update Includes Ability to Embed Looping Videos

In advance of next week’s NAB show, Dell announced its Dell Precision Performance Optimizer (DPPO), a free download solution that simplifies, automates and optimizes Dell Precision workstation settings to maximize application performance. DPPO addresses the variations in processing requirements between different software and configures optimal settings for professional systems, manages system resources and tracks performance for future analysis. Continue reading NAB 2013: Dell Launches Automated Workstation Software

Aereo, the Internet service startup backed by Barry Diller that streams TV stations without compensation, has won another battle with broadcasters. The U.S. Court of Appeals for the Second Circuit in New York yesterday upheld a ruling in favor of Aereo, which could set the stage for a full-blown trial. Broadcasters sued the startup last year claiming the service violates copyright law, but a district court judge denied the request for a preliminary injunction. Monday’s 2-1 decision affirms the lower court ruling. Continue reading Aereo Wins Again: Federal Appeals Court Upholds Ruling

Gaming startup Ouya, which raised more than $8 million last June via Kickstarter, announced it will release its $99 game console to retailers on June 4. The affordable Android-based box could encourage innovation and disrupt the TV gaming market, by allowing developers to create inexpensive games. Wired had a chance to play with the new device at design firm fuseproject, where Yves Behar created the metal cube that houses Ouya. Continue reading Ouya Released to Early Backers, Retail Launch in June

The MPAA released its 2012 theatrical statistics report last week. Among the findings, international ticket sales increased 6 percent to $34.7 billion and China is now second to the U.S. in terms of world markets for theatrical films. California and New York had the highest number of moviegoers in the U.S. Per capita attendance may be declining among teens, but the number of moviegoers across all ages was its highest since 2009. Continue reading Encouraging Numbers: MPAA Releases 2012 Theatrical Stats

Julius Genachowski, a Democrat who has served as chairman of the U.S. Federal Communications Commission since 2009, announced he will resign his post in the coming weeks. His departure will open a second vacancy on the five-member agency, and he avoids leaving behind a 2-2 partisan tie, since Republican Robert McDowell also announced that he is set to resign in the coming weeks. Continue reading FCC Chairman Genachowski Announces His Resignation

The symbiotic ideas of controlling your online personal data and the value of big data analytics to companies were major themes during the March 19-20 New Digital Economics conference produced by STL Partners. Thought leaders addressed personal privacy concerns that could lead to a social movement and industry self-regulation as well as changes to how companies manage strong relationships with their customers. Continue reading New Digital Economics Conference: Big Data Versus Privacy

Yesterday we posted findings of a Coca-Cola study, which concluded that online buzz did not have a measurable impact on short-term product sales. Response to the story, first published by Advertising Age and others, was met with a significant amount of online debate, which prompted a Coca-Cola exec to post that the finding can be viewed as accurate in isolation, but should not diminish the crucial role of social media across multiple screens. Continue reading Marketing Exec Defends the Crucial Role of Social Media

Electronic Arts chief exec John Riccitiello is set to resign in the wake of the videogame company’s disappointing earnings and stock figures. EA announced that Larry Probst, current EA chairman and former CEO, would serve as executive chairman while the board searches for a replacement for Riccitiello. In a letter to his employees, Riccitiello took responsibility for the “shortcomings” in EA’s recent results. Continue reading Game News: Electronic Arts CEO Riccitiello to Step Down

According to Neil Hunt, chief product officer for Netflix, the service is expecting to stream movies and television programs in 4K resolution within the next year or two. While playback of 4K, which delivers about four times the HD resolution of 1080p, requires compatible monitors (and could eat up a consumer’s monthly data cap), Netflix is preparing its proprietary Open Connect content delivery network to address issues involving larger bitrates. Continue reading Netflix Exec Says to Expect Streaming 4K in Year or Two