Action cam manufacturer GoPro is delaying the release of its Karma drone from June to the end of the year after the company announced a $107.5 million quarterly loss. “The drone’s success is critical to GoPro’s efforts to attract new users to its devices,” reports The Wall Street Journal. “The drone delay adds to GoPro’s string of problems launching recent products. Last year, GoPro slashed the price by half of its entry-level camera, the Hero 4 Session, to entice consumers.” While revenue dropped 49 percent from the previous year, the numbers weren’t as bad as analysts predicted. CEO Nick Woodman said the company is optimistic about “lessons learned from last year,” and is, “seeing the benefits of our simplified product lineup today.”

Continue reading In Wake of Q1 Loss, GoPro Pushes Drone Launch to Holidays

ETC@USC has scheduled a panel discussion — “Audience Intelligence at the Frontier: AI, Neuroscience & the Data Revolution in Hollywood” — for Tuesday, June 21. Yves Bergquist, co-founder & CEO of Novamente, and director of ETC’s new Data & Analytics Project will moderate. Leading data scientists, neuroscientists and senior studio execs will discuss the application of next-generation cognitive computing to the audience intelligence challenges in Hollywood. Sponsored by Cloudera, the event will take place 2:00–4:00 pm at the USC Ronald Tutor Campus Center, followed by a cocktail reception. For more information and to register, visit the panel’s Eventbrite page. Continue reading ETC Panel: AI, Neuroscience & Data Revolution in Hollywood

This fall, AOL plans to open up a new 13,412-square-foot studio on Broadway in downtown Manhattan, which will serve as the locale for “AOL BUILD,” its live interview and event series. The street-facing main stage, with seating for a live audience, will be equipped with 360-degree cameras to create live VR experiences. “BUILD” has an active live production unit, creating at least four hours of content per day with around 75 live events per month, for a total of 800 episodes since its inception. Continue reading ‘AOL BUILD’ Expands with Live VR Studio in Downtown NYC

Philips launched a new 43-inch, 16:9 computer monitor in the U.S. this week that features a 4K Ultra HD LCD display touting 3840 x 2160 resolution, 178-degree horizontal and vertical viewing angles, and a 5ms response time. Model BDM4350UC touts 10-bit color support (with color reproduction rated at 1.07 billion colors) and a dynamic contrast ratio of 50,000,000:1. The IPS monitor — which also features MultiView functionality, built-in 7-watt speakers, and a four-port USB 3.0 hub — is currently available on Amazon for $800. Continue reading Philips Releases 43-Inch, 4K Ultra HD LCD Computer Monitor

This summer, Verizon and AT&T will start testing 5G, the fifth-generation mobile network likely to speed up adoption of the Internet of Things, from autonomous vehicles to smart homes and more. Unleashing the Internet of Things — projected to double to 50 billion connected ‘things’ globally by 2020 and 500 billion by 2030 — will also enrich the companies that create these new IoT networks, potentially including Cisco Systems, Nokia, Oyj, Ericsson, Qualcomm and Intel. Bottom line: 5G is the most profound expansion of the Internet ever. Continue reading As 5G Tests Begin, Providers Gear Up for Internet of Things

Adblock Plus, via a partnership with Flattr, will soon launch Flattr Plus, which lets users pay websites for content, a move seen by some as an olive branch to the companies whose revenues have been impacted by ad-blocking software. Adblock Plus has been downloaded over 500 million times, according to parent company Eyeo. Flattr Plus users will be able to specify how much they wish to contribute monthly to the websites they visit. Adblock and Flattr will split 10 percent of the revenue, and the rest will go to publishers. Continue reading Adblock Plus Partners with Flattr for Online Payment System

The Federal Communications Commission has approved Altice NV’s proposed $17.7 billion acquisition of Cablevision Systems Corp. As part of the deal, the European telecom group would assume Cablevision debt and invest to upgrade the company’s broadband. According to the FCC, Altice has a record of improving services after investing in broadband companies in Belgium, France, Israel, Luxembourg and Portugal. In December, the FCC approved Altice’s $9.1 billion purchase of Missouri-based cable company Suddenlink Communications. Continue reading FCC Signs Off on Altice Acquisition of Cablevision Systems

BuzzFeed has grown its monthly content views from 2.8 billion a year ago, to 7 billion today, the majority of which are video views. At the company’s Digital Content NewFronts presentation in New York, chief executive Jonah Peretti, who says BuzzFeed’s content is driven by a deep understanding of its audience, announced a new program with investor NBCUniversal to co-produce video content for brands. The partnership with NBCUniversal began last summer when the media titan invested $200 million in BuzzFeed. Continue reading With Video Views Growing, BuzzFeed Inks NBCUniversal Deal

Netflix continues to invest heavily in its original programming as the company competes with pay TV and rival streaming services. The company has also reduced its U.S. library as licensing costs climb, while adding to its international offerings in markets such as Canada and Great Britain. To get a sense of the brand’s perception in an evolving digital landscape, AllFlicks surveyed 3,000 visitors to its own site and Reddit to learn how the company is faring as compared to pay TV and other entertainment businesses. With this select group, 75.5 percent believe Netflix could replace traditional TV. Continue reading Survey: Netflix Subscribers Envision the Service Replacing TV

In a private meeting with no media in attendance, more than 100 executives from some of the world’s largest financial institutions met at NASDAQ’s New York City office. They gathered to delve deeper into the promise of blockchain, the technology behind Bitcoin, which became active in 2009. These financial institutions have been wary of Bitcoin, because users are anonymous and can engage in money-laundering and other banking violations. What they looked at was digital U.S. dollars, a “fiat currency” that avoids those risks. Continue reading Wall Street Firms Gather to Discuss Blockchain, Digital Dollars

A year after going on record that they would open up their tracking systems to third party developers, neither Oculus nor Valve have done so. So called ‘6DOF’ (degrees of freedom) tracking allows for head and body tracking, as well as mapping of physical objects like handheld objects and furniture, into the virtual world. Oculus’ Constellation tracking system uses a collection of IR-LEDs tracked by an external camera. Meanwhile, Valve/HTC’s Lighthouse tracking system uses photodiodes that track lasers from base stations. Continue reading Oculus and Valve Have Yet to Open Tracking to Third Parties

The security research community has warned that the Internet of Things, including home security systems, is hackable. Researchers at the University of Michigan and Microsoft have published an in-depth security analysis of Samsung’s SmartThings platform that allows control of home appliances via PC or smartphone. They were able to hack the system, setting off a smoke alarm and opening a digital lock with a “backdoor” PIN. Their findings will be presented at the IEEE Symposium on Security and Privacy later this month. Continue reading Researchers Warn That Smart Home Technology is Hackable

In response to disappointing reviews and the departure of several top executives — in addition to declining iTunes sales and growth of rival Spotify — Apple is reportedly planning significant changes to its $10-per-month music streaming service. According to people familiar with the plans, the year-old Apple Music will soon feature a redesigned user interface. “Apple also plans to better integrate its streaming and download businesses and expand its online radio service,” reports Bloomberg. The company is expected to unveil the redesigned Apple Music and make related announcements at June’s Worldwide Developers Conference. Continue reading New Apple Music Interface Will Likely Be Unveiled at WWDC

Hulu is the latest platform to compete with traditional pay TV services. Separate from its current on-demand programming model, Hulu plans to launch a cable TV-style online service in Q1 2017, say those familiar with the company’s plans. Hulu co-owners 21st Century Fox and The Walt Disney Company are likely to strike agreements to license many of their channels. ABC, ESPN, Disney Channel, the Fox network, Fox News, FX and Fox national and regional sports channels are also anticipated to be part of the lineup. Continue reading Hulu to Launch Pay TV Service, Joining Other Digital Players

For the first time, a U.S. broadcast network is allowing distribution of Olympics highlights off its own platform. Snapchat just inked a deal with NBC to do exactly that for the 2016 Summer Games. The social media app will create a dedicated mobile channel. Content will come both from BuzzFeed, which will curate short clips and behind-the-scenes content to the Snapchat app’s Discover channel, and from Snapchat itself, which will create daily “live stories” from content from NBC, athletes and sports fans at the games. Continue reading NBC and Snapchat Sign Landmark Deal for Summer Olympics