After years of focusing on AI infrastructure, Amazon is plunging into the frontier model business with the Nova series. The new family of generative AI models includes the text-to-text model Amazon Nova Micro and Amazon Nova Lite for fast, mobile-friendly apps, and at the upper echelon the multimodal Amazon Nova Pro and Amazon Nova Premier for processing text, images and video. Amazon, which is heavy into production via Amazon Studios and MGM, is also launched two specialty models focused on “studio quality” output — Amazon Nova Canvas for images and Amazon Nova Reel for video. Continue reading Amazon Dives into Generative AI with Nova Foundation Models

Amazon has added $2.75 billion to its initial September 2023 investment of $1.25 billion in Anthropic, completing its announced $4 billion stake in the artificial intelligence startup formed in 2021 by former members of OpenAI. As part of the resulting strategic collaboration, Anthropic’s most powerful models, including the Claude 3 series, are available on Amazon Bedrock, a service providing fully managed foundation models. Anthropic is using Amazon Web Services as its primary cloud provider and Amazon says Anthropic will use AWS Trainium and Inferentia chips “to build, train, and deploy its future models.” Continue reading Amazon Increases Its Investment in Anthropic AI to $4 Billion

Apple plans to spend $1 billion a year on theatrical release films, according to Bloomberg, which say the move is “part of an ambitious effort to raise its profile in Hollywood and lure subscribers to its streaming service.” The films will reportedly play in theaters for at least one month before debuting on Apple TV+. Martin Scorsese’s crime drama “Killers of the Flower Moon,” starring Leonardo DiCaprio, and Ridley Scott’s historical drama “Napoleon,” are among the Apple-funded projects expected to be released in “thousands of theaters,” though Apple still hasn’t finalized distribution arrangements. Continue reading Apple Reportedly Allocates $1 Billion for Theatrical Releases

Amazon Studios has officially opened its 34,000-square-foot virtual production stage in Culver City, California. On hand for the Monday ribbon-cutting ceremony was director Reginald Hudlin, whose Eddie Murphy-starrer “Candy Cane Lane” will be the first feature to shoot there. Once the set for films including “It’s a Wonderful Life” and “RoboCop,” Stage 15 has undergone a transformation from its original 1940 configuration, now housing a wall of more than 3,000 LED panels as well as 100 motion capture cameras in what is LA’s largest virtual production stage. Continue reading Amazon Opens Stage 15: New LA Virtual Production Facility

Cinedigm, a streaming firm that debuted its Cineverse platform this summer, is introducing the ability to rent fresh theatrical films via a partnership with ROW8, a subscription-free cinema OTT service launched in 2018. Cinedigm says the partnership allows it to market content on Cineverse that’s “still in theaters” via TVOD (transactional video on-demand). The agreement is reciprocal, with ROW8 able to offer Cinedigm’s own upcoming theatrical releases to Android and iOS, Apple TV, Google TV, Roku players, Vizio and other mobile devices. Cinedigm claims to be platform agnostic. Continue reading Cinedigm Teams with ROW8 to Bring ‘Still in Theaters’ to TV

In Google’s ongoing bid to become a one-stop destination for video entertainment, the company’s YouTube has launched a U.S. streaming marketplace called Primetime Channels that debuts with 34 services, including Paramount+, Showtime, AMC+ and Starz. The company jumps in the ring with Amazon, Apple and Roku, all of which offer streaming subscriptions directly through their platforms, although none has managed to secure every major on-demand outlet. YouTube, the leader in free video streaming says it has integrated Primetime Channels among user-uploaded content, making it easy for viewers to hop from free trailers to subscription purchases. Continue reading YouTube Launches a Streaming Hub for Subscription Services

Despite slowing e-commerce sales growth and signs of a global recession, Amazon plans to continue diversifying through investments like building a brick-and-mortar grocery chain, launching a satellite network for Internet delivery, expanding Alexa services, and developing self-driving cars — including through Zoox, an autonomous taxi subsidiary. That was the message from company CEO Andy Jassy at the Bloomberg Technology Summit in San Francisco. The remarks come after Amazon posted its first quarterly loss in seven years in Q1, which also marked the company’s slowest revenue growth since 2001. Continue reading Amazon Plans to Continue Diversifying Despite Tough Times

Amazon completed its $8.5 billion acquisition of MGM late last week. The companies finalized the deal immediately upon expiration of the Federal Trade Commission’s mid-March deadline to object, though the agency let it be known that it can challenge a deal any time it finds cause. Amazon in May announced intent to acquire MGM, which has a library of more than 4,000 films and some 17,000 TV episodes as well as ongoing production in both areas. In August, a group of four labor unions collectively urged the FTC to quash Amazon’s bid. Continue reading Amazon Closes $8.5B Deal for MGM, FTC Watches in Wings

Streaming services had another strong showing with the latest Oscar nominations. Apple TV+ received six nominations, including its first in the Best Picture category for “CODA,” also groundbreaking as the first film with a majority deaf cast to contend in the top category. Apple acquired the film at last year’s Sundance Film Festival where it set a record with its $25 million bid. Apple also got noticed for Joel Coen’s “The Tragedy of Macbeth,” which earned Denzel Washington a Best Actor nod and is competing for Best Production Design and Best Cinematography. When the contenders were announced Tuesday morning, it was Netflix that tallied the largest haul, with 27 nominations, the most of any studio.  Continue reading Apple Joins Top Streaming Video Services in the Oscar Race

After some false starts, Amazon has released its first hit original video game production, “New World,” and company CEO Andy Jassy is predicting games could become the biggest category in entertainment programming. The new MMORPG, fraught with archers and axe wielders colonizing a fantastical land, scored one of Steam’s biggest launches with more than one million players logging on for launch day last week. The momentum hasn’t slowed down, with more than 277,000 gameplay viewers on Amazon’s live streaming service Twitch and over 700,000 concurrent players on Steam. Continue reading Amazon Achieves Success in Gaming with MMO ‘New World’

Comcast posted Q2 results that beat Wall Street expectations: revenue of $28.55 billion versus the $27.18 billion predicted by Refinitiv, and adjusted earnings per share of 84 cents, versus Refinitiv’s prediction of 67 cents. Comcast said its NBCUniversal’s streaming service Peacock is now at 54 million subscribers. Meanwhile, Comcast’s high-speed Internet service added 354,000 customers (its highest ever for Q2), versus StreetAccount’s estimate of 270,000. Comcast also had its second best Q2 for total customer relationships, adding 294,000. Continue reading Comcast Adds Record Q2 Broadband and Cable Customers

In Q2, Netflix added 1.5 million new subscribers, slower growth after a peak at the height of the COVID-19 pandemic. But the company isn’t worried, telling investors that it is “mostly competing with ourselves to improve our service as fast as we can.” “If we do that, we’re confident we can maintain our strong position and continue to grow nicely as we have been for the past two-plus decades,” Netflix said, adding that it doesn’t view any particular assets as “must-have,” and that consolidation isn’t impacting its growth. Meanwhile, the company is facing new competitors in the streaming space. Continue reading Netflix Still Confident Despite New Rivals and Slowed Growth

Influential and commercially successful filmmaker Steven Spielberg signed a multi-year deal with streaming service Netflix to make new films under the aegis of his Amblin Partners studio. Spielberg still retains his long-term relationship with Comcast’s Universal Pictures, where Amblin Partners is based. The deal is a win for Netflix, which faces increasing competition from new streaming services including Disney+, HBO Max and Amazon, which is acquiring the MGM movie and television studio with its James Bond franchise in a deal worth $8.45 billion. Continue reading Steven Spielberg and Netflix Sign Multi-Year Filmmaking Deal

Amazon founder Jeff Bezos will officially leave his position as chief executive on July 5, and Amazon Web Services chief executive Andy Jassy will take over the Amazon CEO position. The departure of Bezos was originally announced in a February earnings report but a specific date was not revealed. Bezos said July 5 is “sentimental” because it was the date Amazon was incorporated in 1994. Bezos will become executive chair, focusing his attention on “new products and early initiatives.” He said he expects Jassy to be “an outstanding leader.” Continue reading Amazon Founder Jeff Bezos Will Step Down as CEO on July 5

After launching only six months ago, Quibi is shuttering its doors. According to sources, Quibi founder Jeffrey Katzenberg called investors to give them the news. As a startup, Quibi raised $1.75 billion but, since its debut, failed to sign up subscribers, garnered low download numbers and faced a well-funded lawsuit from interactive video company Eko, which claimed credit for its video streaming technology. Quibi also contended with the coronavirus pandemic while promoting a mobile platform. Katzenberg envisioned Quibi as “quick bites” of 5- to 10-minute videos formatted for the mobile screen. Continue reading Quibi Shutters Video Platform That Targeted Mobile Viewers