Satoru Iwata, president of Nintendo, says the company is experiencing its biggest loss in revenue in the last 12 years. The forecasted annual loss of 25 billion yen (or $240 million) was a surprise, and the video game manufacturer is considering a new business model because of the low demand for its Wii U. Nintendo’s previous estimation of profit was closer to 55 billion yen. But the altered forecast for Wii U sales was cut from 9 million to 2.8 million units. Continue reading Nintendo Exec Predicts Significant Loss as Wii Sales Struggle

The Federal Trade Commission announced on Wednesday that Apple has agreed to better enforce parental approval of purchases from the company’s App Store. Apple will also refund at least $32.5 million to parents whose children made purchases without their consent. Apple settled a related class-action lawsuit last year, but the FTC said that the problem continued after the settlement, so Apple has agreed to further modify its practices. Continue reading Apple will Modify App Purchases with More Parental Control

According to a new report from eMarketer, 4.55 billion people worldwide will use a mobile phone in 2014, while the global smartphone audience is expected to reach 1.75 billion (it surpassed the 1 billion mark in 2012). The report also suggests that smartphone adoption will dramatically increase through 2017. Nearly two-fifths of all mobile phone users are projected to use a smartphone at least monthly this year. That’s close to one-quarter of the total worldwide population. Continue reading Global Smartphone Audience to Reach 1.75 Billion This Year

YouTube is teaming up with DreamWorks Animation to produce its first daily program. The new short program, “YouTube Nation,” will be available on the YouTube Spotlight page. The show will highlight the most exciting content and creators on YouTube. This will give channels and videos an opportunity to grow and build a loyal audience. DreamWorks will be responsible for production of the show, while YouTube will oversee sales and marketing. Continue reading YouTube Nation: DreamWorks Produces Daily Highlight Show

The U.S. Supreme Court on Friday agreed to hear an appeal filed by broadcasters against the Aereo online TV service. Disney’s ABC, CBS Broadcasting, Comcast’s NBCUniversal and 21st Century Fox are among those who argue that Barry Diller-backed Aereo violates copyrights by using tiny antennas to access broadcast signals without paying fees. Media companies appealed a decision by the 2nd U.S. Circuit Court of Appeals in April that denied their request to shutter Aereo while legal issues are being addressed. Continue reading Broadcasters Head to Supreme Court in Battle Against Aereo

To leverage the growing trend of binge-viewing and promote its DVR services, TiVo sponsored an attempt by three men to break the world record for continuous TV watching. Las Vegas residents Chris Laughlin, Dan Jordan and Spencer Larson watched 87 straight hours of television through TiVo’s new Roamio DVR in a marathon viewing session at the company’s CES booth last week. The previous record was set by two Californians who watched more than 86 hours worth of “The Simpsons” in 2012. Continue reading CES: TV Binge Viewers Set New World Record at TiVo Booth

Liquid Image unveiled a new mini camera during CES, which is capable of streaming live video to the Internet over 4G LTE wireless. Intended for extreme sports, news coverage and point-of-view footage, the $200 EGO LS will be available in the U.S. in June. Users can record 1080p video at 30 fps or transmit over 4G LTE in lower resolution WQVGA at 30 fps. The camera was demonstrated in Las Vegas attached to a $200 Verizon 4G network module. Continue reading CES: Liquid Image Demos 4G Live Streaming via Action Cam

In a world of multiple platforms, anyone starting a studio today needs to think beyond the 100+ year old model. “A key part of these [traditional] studios is that they are very siloed,” explained Evan Bregman of digital studio Electus. “Consumers want to consume wherever and whenever, so whether you’re a distributor or a content creator, you have to understand the nuances of the platforms. It’s not a TV show or a Web show… it’s a business.” Continue reading Lines Blur Between Traditional and New Media Across Platforms

Cisco’s Videoscape TV platform has been selected by NBC Olympics, a division of the NBC Sports Group, to provide multi-screen delivery services for the streaming of live and cloud-enabled on-demand content for the 2014 Olympic Winter Games in Sochi, Russia, February 6-23. Videoscape will support transcoding and content management using Cisco hardware and cloud-based software solutions. This marks the eighth time NBC has collaborated with Cisco on Olympics coverage. Continue reading NBC Joins Forces with Cisco for Winter Olympics Streaming

Online movie ticketing destination Fandango announced that its service will be embedded on Samsung Internet-connected TVs and directly available via the Samsung Smart Hub. NBCUniversal-owned Fandango has been accessible on smart TVs, but has required a download. The Samsung deal will make Fandango directly available. Although Fandango is known primarily as a ticketing service, it will essentially power the Trailers section of the Smart Hub’s Movies & TV section. Continue reading Fandango to Offer Trailers, Ticketing via Samsung Smart TVs

With all the buzz surrounding new Ultra HD televisions hitting the market this year, the question remains regarding the availability of 4K content. Video streaming services are getting ready to answer the call. Amazon announced a partnership with Samsung that will make 4K content available from Amazon’s Instant Video service and its partner studios. And in a surprise visit to the Sony CES press conference, Netflix CEO Reed Hastings said his company will bring 4K content to Sony’s Bravia TVs this year. Continue reading Looking for 4K Content? Check Out Amazon, Netflix and M-GO

Digital HD had a big year in 2013, and 2014 will likely have more in store for digital home and on-the-go entertainment. Though the model of renting or buying physical movies still exists, a shift in the standard model was palpable as streaming and electronic sell-through methods became increasingly popular. This was intensified by the commonplace offers from studios to consumers for early online releases of movies before physical copies hit the shelves. Continue reading 2013 a Big Year for Digital HD: Expected to Continue in 2014

Some 73 percent of online adults now use a social networking site, while 42 percent now use multiple social networking sites, according to new figures released by the Pew Internet & American Life Project. In terms of number of users, Facebook remains the dominant platform, but an increasing number of consumers are diversifying onto other services such as Instagram, LinkedIn, Pinterest and Twitter. In addition, Instagram users are nearly as likely as Facebook users to check in daily. Continue reading Social Media Update: 73 Percent of Adults Access Social Networks

Although eBay is commonly known as an online auction house, CEO John Donahoe has made strides in moving beyond this perception by expanding eBay’s marketplace to include fixed prices with reliable and returnable goods. In the last five years, eBay has made 34 acquisitions which will help provide retail partners with creating interactive storefronts in real locations, help with the back end of websites, monitor inventory in real time, and streamline the electronic payment process.  Continue reading EBay’s Strategy to Revolutionize Shopping and Beat Amazon