Netflix can chalk up another solid quarter, with Q3 revenue of $8.5 billion, up 8 percent year-over-year, with 9 million new subscribers for a total of 247 million worldwide. Netflix attributes the strong subscriber growth in part to its ongoing password-sharing crackdown. The company has now officially rolled out what it calls “paid sharing” in all regions in which it operates, reporting that there were fewer resulting cancellations than expected. Rather, it says it has largely effectuated its desired result of converting piggybacking customers into paid subscribers. Meanwhile, Netflix is raising its rates as it continues to add originals and “license titles from around the world.” Continue reading Netflix Raising Rates After Profitable Q3, Subscriber Growth

Nvidia’s Picasso continues to gain market share among visual companies looking for an AI foundry to train models for generative use. Getty Images has partnered with Nvidia to create custom foundation models for still images and video. Generative AI by Getty Images lets customers create visuals using Getty’s library of licensed photos. The tool is trained on Getty’s own creative library and has the company’s guarantee of “full indemnification for commercial use.” Getty joins Shutterstock and Adobe among enterprise clients using Picasso. Runway and Cuebric are using it, too — and Picasso is still in development. Continue reading Getty GenAI Tool for Images and Video Is Powered by Nvidia

Warner Bros. Discovery will begin adding free live sports to its Max streaming service beginning October 5 as a promotional period. Beginning February 29, 2024, subscribers will be charged an additional $10 per month to keep it as part of the new “Bleacher Report Sports Add-On Tier.” Max streaming sports will include Major League Baseball playoff games, regular-season National Basketball Association and National Hockey League games, U.S. soccer and the NCAA men’s basketball March Madness. The sports fee will be in addition to the subscription price for ad-supported or commercial-free Max. Continue reading WBD Will Begin Streaming Live Sports on Max in Two Weeks

Qualcomm has extended its deal with Apple to supply 5G modem chips, leading to speculation that the iPhone maker is behind schedule on its plan to bring the tech in-house. Apple has designed its own phone chips since 2013, and is currently using the A16 Bionic, manufactured by TSMC. The A16 functions as the phone’s brain but doesn’t handle external communications with cell towers. Apple has been developing its own modem chips since 2018, but apparently doesn’t feel they’re ready for prime time and, understandably, doesn’t want to risk a public debacle by rushing it. Continue reading Apple iPhones to Continue Using Qualcomm 5G Modem Chips

Linear TV viewership fell below 50 percent for the first time in July, according to Nielsen’s The Gauge, which tracks total broadcast, cable and streaming consumption via television. Among total TV viewership, broadcast and cable accrued record low shares of 20 percent and 29.6 percent, respectively, representing a linear television total of 49.6 percent. Combined, it still topped TV set streaming viewership, at 38.7 percent, a 2.9 percent increase from June and that month’s streaming record-high share. YouTube (not including YouTube TV) was again the top streamer with a 9.2 percent TV share, up 5.6 percent versus June. Continue reading Linear TV Viewership Dips Below 50 Percent for the First Time

Meta Platforms had a successful Q2, reporting double-digit growth for the first time since Q4 2021. The performance was attributed to a rebound in the digital advertising sector. The good news comes with a warning, as the company says it plans to increase spending on virtual reality and artificial intelligence next year. The parent of Facebook and Instagram reported revenue of just under $32 billion for the period ending June 30, an 11 percent gain over 2022. Advertising contributed a whopping $31.5 billion, growing nearly 12 percent year-over-year. Continue reading Meta Sees Double-Digit Growth for the First Time Since 2021

Google has been demonstrating a new AI tool that writes news articles. Currently known as Genesis, which is a working title, the app is reportedly able to take topical information as pertains to things like new products or current events and weave it into something approximating a logically developed news story. The Alphabet company’s new product has been quietly pitched to organizations including The Washington Post, The New York Times and News Corp, owner of The Wall Street Journal and The New York Post. One observer described the new tech as a copilot for journalists, rather than a replacement. Continue reading Genesis: Google Demos New Generative AI Newswriting Tool

Netflix is marshalling resources around its ad-supported Standard plan, pulling the plug on ad-free Basic in an effort to drive more eyeballs to the service’s sponsored tier. The $9.99 per month Basic plan is no longer available “for new or rejoining members” in the U.S. and UK and was dropped in Canada last month. Existing Basic subs can continue the plan until they decide to change tiers or cancel. Standard with Ads has since its November launch accrued more than 5 million subs, according to Netflix, which says 25 percent of new sign-ups have chosen that package. Continue reading Netflix Shutters Cheapest Streaming Plan Without Advertising

OpenAI has entered into a precedential agreement to license content from Associated Press for use training large language models. OpenAI is “licensing part of AP’s text archive,” presumably leaving the door open to negotiation for video and breaking news. For its part, AP intends to “leverage OpenAI’s technology and product expertise,” according to the outlet’s own article. Financial terms were not disclosed, nor details as to AP’s intended AI use cases. Although AP is in a class by itself as a member-owned cooperative, the agreement could bode well for print journalism, which has had challenges transitioning to the digital age. Continue reading AP and OpenAI Join Forces for News-Sharing and Tech Deal

As a next step in its advances in ethical AI, Adobe has announced its Firefly generative AI platform now supports text prompts in more than 100 international languages. The company says its Firefly AI app has generated over one billion images in Firefly and Photoshop since implementation in March. Adobe has also deployed artificial intelligence in Express, Illustrator and the Creative Cloud. Positioning its latest news as an expansion of global proportions, Adobe’s generative AI products will now support text prompts in native dialects in the standalone Firefly web service, with localization coming to more than 20 additional languages. Continue reading Adobe Pursues Ethical, Responsible AI in the Creative Space

China’s ByteDance is testing an AI tool called Ripple. The free app for creating music and editing audio is being made available in closed beta in the U.S. with a small group of invited testers. Aimed at creators who want to up their sound game, Ripple is designed in the manner of a portable smart digital audio workstation (DAW). Ripple incorporates what TikTok’s parent company ByteDance calls a “virtual recording studio” that allows users to record and edit audio files on a mobile device, and the company plans to release additional mobile-friendly audio tools. Continue reading ByteDance Bows Ripple AI for Music Creation, Audio Editing

NBCUniversal has plumbed its vaults to fuel nearly 50 new FAST channels launching in July on Amazon Freevee and the new Xumo Play joint venture from NBCU parent Comcast and Charter Communications. The lineup, taken from NBCU’s Television and Streaming and Global Distribution libraries, includes verticals for “Saturday Night Live,” “Top Chef,” “Keeping Up with the Kardashians” and “The Real Housewives,” as well as Spanish-language programs from Telemundo. There are also nostalgia channels featuring “The Lone Ranger,” “Little House on the Prairie” and “Murder, She Wrote,” and genre-based streams of comedy, criminality and monsters. Continue reading NBCUniversal to Introduce Dozens of FAST Channels in July

The Parliament of Canada passed a law requiring technology companies to pay news outlets when linking to their articles, a move that has Meta Platforms threatening to pull news content from Facebook and Instagram in that country. Canada’s Online News Act, which applies to domestic outlets, is the latest move in a global battle between publishers and Big Tech, and follows a similar law in Australia. “A strong, independent and free press is fundamental to our democracy,” a member of Prime Minister Justin Trudeau’s administration tweeted when the law cleared the vote last week. Continue reading Canadian Law Requires That Tech Firms Pay for News Links

Twitter is being sued for more than $250 million in damages by a coalition of music publishers alleging copyright violations. More than a dozen plaintiffs — including Universal Music, EMI, Kobalt and Sony — are captioned on the complaint, which was coordinated by the National Music Publishers’ Association and filed last week in federal court in Tennessee listing Elon Musk’s X Corp. and Twitter as defendants. The complaint claims songwriters are owed compensation for music-backed videos posted to the platform. The litigation is the latest financial woe for Twitter, which Musk purchased for $44 billion last year. Continue reading Music Publishers Take On Twitter for Copyright Infringements

Meta Platforms has debuted what’s being called “ChatGPT for audio.” MusicGen is an AI music generator that can create tunes from natural language or song snippets. The company says MusicGen was trained on 20,000 hours of music, including 10,000 hours of “high-quality” licensed songs and 390,000 instrumental tracks. Meta released MusicGen on GitHub this past weekend, and is currently demoing the app on Facebook’s Hugging Face page. Visitors can generate tunes by describing the sound they want. Among Meta’s prompts: “80s driving pop song with heavy drums and synth pads in the background.” Continue reading Meta’s MusicGen AI Works with Language and Song Prompts