Users of Facebook, Instagram and Twitter enjoy moments of entertainment in exchange for giving up personal data to social media platforms that monetize the information. Steemit, a social news and networking site on top of a blockchain database, has a plan to change that paradigm, paying users in cryptocurrency for every post. The virtual currency, dubbed Steem, can be cashed out into hard currency — or amassed for those who believe in Steemit’s future. The new company started as a 44-page white paper released in March 2016, arguing that content creators should be paid. Continue reading Steemit: Social Media Platform Pays Contributors for Content

The Chernin Group (TCG), headed by Peter Chernin, has created the Action Network, a subscription-based sports analysis and media company for gamblers and fantasy-sports players. The Action Network melds three TCG-acquired companies: Mark Cuban-backed FantasyLabs, Sports Insights and Sports Action. Employees of those three companies will join the Action Network, and their founders will also be involved in key positions. Former ESPN executive Chad Millman is the new group’s head of media. TCG is the new firm’s primary investor, although it declined to state a dollar figure. Continue reading TCG Forms Subscription-Based Company for Fantasy Sports

Microsoft and Samsung have partnered on a new virtual reality headset, HMD Odyssey, that relies on the former’s Windows Mixed Reality, Windows 10 software for immersive computing on devices and headsets. Samsung is not the first company to base its VR headsets on Windows 10: Acer, Dell, HP and Lenovo Group are all building such VR devices. But Samsung is Microsoft’s most important partner thus far as the computing company faces Apple, Google, Facebook and other major rivals in the virtual reality/augmented reality arena. Continue reading Samsung Takes on Rift With Windows Mixed Reality Headset

Amazon has acquired 3D body-model startup Body Labs for a reported $50-$70 million, although some sources say the figure could exceed $100 million. New York-based Body Labs specializes in true-to-life 3D models that are ideal for B2B software applications, including the creation of photorealistic avatars for gaming and virtual approaches for consumers to try on clothing. The latter should be of particular interest to e-commerce giant Amazon. The online retailer could use the scanning and modeling tech to help shoppers select fashion purchases ideal for their body types. Continue reading Amazon Acquires 3D Body-Scanning Tech Startup Body Labs

TunesMap believes every song has a story. After 10 years of development, the company will debut a product intended to fill an empty space in the digital music industry: liner notes. Online streaming music has grown to be a huge success, but it still lacks all the materials that once graced the album, including lyrics, songwriting credits, thank-you lists, essays, artwork and other information. TunesMap, founded by music supervisor G. Marq Roswell, will debut an Apple TV app for Sonos speakers in November that will uncover “the greater cultural context around any song” and offer a feed of links to relevant material, photographs and videos. Continue reading TunesMap to Offer Liner Notes and More for Streaming Music

Four Russian-linked Facebook accounts that bought ads during the U.S. election period were active, posting divisive messages, as late as this past August. “Secured Borders,” “Blacktivist,” “Heart of Texas” and “Being Patriotic” collectively had almost one million followers, before Facebook removed them for misrepresenting their identities. On “Secured Borders,” which had 133,000 followers, messages included those calling for the killing of Muslims and dubbing illegal immigrants “rapists, murderers and child molesters.” Google, Facebook and Twitter are expected to testify before Congress about Russian ties to ad buying, search manipulation and fake news. Continue reading Investigations Into Social Media Accounts With Ties to Russia

Amazon is making a big push to be everywhere in the smart home, which is why its devices are relatively inexpensive: the new Amazon Echo is $99.99, Echo Plus is $149.99, Echo Spot is $129.99 and the new Fire TV stick is $69.99. The company is betting on being ubiquitous enough in homes to become the de facto standard for smart home devices — in essence, a new operating system. Proof that Amazon is playing a long game is the Echo Plus, which with a single command could turn off the lights, lock the door and turn off the TV. Continue reading Amazon Intends to Rule the Smart Home With Alexa Devices

Google is developing new tools for publishers and will end the “first click free” policy to help them boost subscriptions. The Wall Street Journal, The New York Times and The Financial Times keep their online articles behind a paywall, but savvy readers get around that by googling a headline or search terms, and then clicking for free access. Google’s new program, “flexible sampling,” allows publishers to determine how many free clicks they want to provide. The “first click free” policy required them to provide three free articles per day. Continue reading Google Will Let Publishers Decide the Number of Free Clicks

Yahoo announced yesterday that all 3 billion of its user accounts were affected by a previously disclosed August 2013 cyberattack, originally reported by the company as affecting 1 billion accounts. Yahoo had earlier reported that a separate 2014 attack affected 500 million accounts. Last year we learned that, “digital thieves made off with names, birth dates, phone numbers and passwords of users that were encrypted with security that was easy to crack,” according to The New York Times. “The intruders also obtained the security questions and backup email addresses used to reset lost passwords.” Continue reading Security Update: 3 Billion Yahoo Accounts Hit in 2013 Attack

Goldman Sachs Group, in the early stages of considering whether to start a trading operation for Bitcoin, could become the first blue-chip Wall Street company to deal directly in the virtual currency. If it does so, it will give Bitcoin more credibility among investors. Bitcoin and other virtual currencies were first used and are still perceived as commonly used for illegal activities. The currency is still controversial, banned by China and deemed a “fraud” by J.P. Morgan Chase & Co. chief executive James Dimon. Continue reading Goldman Sachs Exploring Creation of a Bitcoin Trading Desk

The numbers are in for Amazon’s first live-stream of NFL “Thursday Night Football,” the September 28 match between the Chicago Bears and Green Bay Packers. Amazon topped Twitter’s 2016 numbers with regard to average audience size and time spent viewing, with 1.6 million global viewers tuning in to the Amazon Prime stream. Prime Video views are just 2.5 percent of the total audience for the game, almost all of which came from TV. The game was broadcast by CBS and also streamed on the NFL Network. Continue reading Amazon’s First ‘Thursday Night Football’ Game Tops Twitter’s

Following its recent Nasdaq debut, Roku is updating its product line with new specs and pricing in addition to a number of software enhancements. Roku’s entire line — from its streaming stick to home entertainment hub — is being upgraded. The $30 Roku Express gets a new processor, while the $50 Roku Streaming Stick now features a remote with voice control. The $40 Roku Express+ is the next step up from the Roku Express, offering analog component connections for those with older TVs. And the high-end 4K Roku Ultra will remain $100 for the holiday season (it recently had a $30 reduction), and gets a refresh for its remote and a wider selection of streaming options.  Continue reading Roku Refreshes Product Line to Compete With Apple, Amazon

Until now, Disney had separate Watch apps for children 2-14 that featured entertainment content from the Disney Channel, Disney XD and Disney Junior. Now, the company has consolidated all three into a single app, thus boosting its pay-TV business. DisneyNOW will offer full episodes and live streaming from all the networks to customers whose cable, Internet TV, satellite or telco providers are participating. In addition to DisneyNOW, the company reportedly plans to create its own movie streaming service when its deal with Netflix expires in 2019. Continue reading DisneyNOW Consolidates Three Popular Kids Apps Into One

In the latest drama at the troubled Uber, former chief executive Travis Kalanick appointed two new directors — former Xerox chief executive Ursula Burns and former Merrill Lynch chief John Thain — to the board, without informing new chief executive Dara Khosrowshahi or current board members. The likely trigger for Kalanick’s action was a proposal that included reducing his voting power and increasing Khosrowshahi’s. By adding two members to the nine-member board, Kalanick attempted to gain new allies. Continue reading Former Uber CEO Tries to Thwart Effort to Reduce His Power

Netflix is planning to invest a minimum of 500 million Canadian dollars ($400.8 million U.S.) over the next five years to build a studio in Canada, revealed Canada’s Heritage Minister, Melanie Joly. The studio will create original Canadian productions, some of which will be French-language, in recognition of Canada’s status as a bilingual country. Canada, which was the first foreign country where Netflix launched, is also home to the third most global subscribers. The Canadian studio will be Netflix’s first global content outpost. Continue reading Netflix Makes Major Commitment to Canada With New Studio