Google-owned YouTube reached an impressive milestone when it passed the one billion user mark earlier this year. Now the popular online video service is poised to achieve another milestone by crossing the five billion dollar mark. According to recent estimates by eMarketer, YouTube is expected to generate $5.6 billion in gross revenue for 2013, up 51 percent from last year. That figure would represent 11 percent of Google’s total advertising revenues. Continue reading YouTube Expected to Earn $5.6 Billion in Revenue for 2013

Production is scheduled to begin in June for what is claimed to be the first full-length feature film shot entirely with an Apple iPhone. The film is under a SAG-AFTRA production contract — “Ultra Low Budget” — and will be shot on the newest iPhone, the 5s. Writer/director/producer Brian Kowalchuk and crew are working with Apple executives to address the challenges of logistics. The production has a target release date of April 2015. Continue reading Full-Length Feature Film to Be Shot Entirely on Apple iPhone

“Mob City,” a three-week event about mobsters in 1940s Los Angeles, premieres Wednesday night on TNT. In an effort to generate early social buzz, the script for the first episode is being released in its entirety (minus the surprise ending) as a stream of Twitter messages. The first episode was written by the show’s creator, Frank Darabont (“The Walking Dead,” “The Green Mile,” “The Shawshank Redemption”). The tweets began distribution yesterday using Twitter Cards. Continue reading New TNT Series “Mob City” Releases Script Via Twitter Cards

As its contracts with producers come up for renewal, YouTube is changing its terms for ad revenue splits, no longer providing major Hollywood players like CBS or Warner Bros. with special deals over smaller names such as Machinima or AwesomenessTV. Previously, YouTube offered up to 70 percent of its ad revenue to encourage film and TV producers to place content on the site. Now that YouTube has exploded in popularity, it plans to keep 45 percent of all advertising profits starting in January. Continue reading YouTube Changes Ad Revenue Split: No More Sweetheart Deals

A new video rental and streaming platform by Spondo will now let Facebook users watch and share movies on the social media site. The movies are on-demand and shareable among users — in fact, users can even earn a little commission when their friends buy a movie that they’ve shared. In celebration of Halloween, Spondo launched 200 horror movies for streaming, and it plans to add more mainstream and indie films over time. Continue reading Spondo’s Video Rental and Streaming Available on Facebook

Two of cable’s biggest programming networks, FX and Turner, have decided they want to stream all of their series’ episodes within a current season online. It’s a challenge to the industry standard, which generally allows networks to stream only the five most recent episodes online. But if this were to change, Netflix would get away with paying significantly lower rates for any show streamed elsewhere — and studios aren’t too happy about that possibility. Continue reading Cable Networks and Netflix Face Off Over Streaming Rights

Enhanced security designed to protect scripts is becoming a standard procedure in Hollywood. Filmmakers do not simply worry about piracy, but also about a script being posted online for people to prematurely lambast, potentially compromising success. The strict security measures apply to everyone, and even Hollywood veterans are subject to intense scrutiny before they are permitted to read a script about a potential blockbuster or the sequel to a smash hit. Continue reading Hollywood Taking Extreme Measures to Keep Scripts Secure

BitTorrent is primarily known for software that makes it easy to download and distribute pirated digital content. It is now attempting to change its negative image. In the past few months, the company has been actively attempting to convince musicians and content makers that it can help them earn money. The company is offering its BitTorrent Bundle as a way to encourage users to download content, and give creators a way to charge for it. Continue reading BitTorrent Trying Image Change as Legitimate Marketplace

Amazon Studios announced that it is expanding its call for original content to include short concept videos for development options. On the heels of green-lighting its first slate of shows, and launching its new Amazon Storyteller storyboarding tool, the studio is soliciting concept vids that offer compelling ideas for theatrical feature films. Filmmakers can submit videos up to 15 minutes in length in hopes of joining the studio’s film development slate. Continue reading Amazon Widens Call for Movie Projects with Concept Videos

As part of the grand opening of the Interactive Media building at the USC School of Cinematic Arts, filmmakers George Lucas and Steven Spielberg spoke on a panel regarding the future of entertainment. During the discussion, the inevitable landscape of entertainment media was characterized as grim for the majors with rising movie ticket prices and theatrical releases becoming a niche market, as content continues its vast migration to online video-on-demand. Continue reading Industry Vets See Big Future for VOD, Problems for Studios

Reality series “Summer Break,” scheduled to premiere on Monday, is taking a nontraditional approach by distributing its content exclusively via social media sites such as Twitter, Tumblr and Instagram. Producer Peter Chernin of the Chernin Group sees the future of entertainment in social media and his new show will test this theory, targeting a younger audience he hopes will turn to their mobile devices to follow the unscripted stories. Continue reading Summer Break: Reality Series Exclusively for Social Media

Amazon Studios, the production arm of Amazon.com, has introduced a new tool called Amazon Storyteller to help with its initiative to develop original movies and TV series. The free online tool enables writers and content producers to easily convert RTF scripts into storyboards. According to Amazon, Storyteller scans the script and then “identifies the scenes, locations and characters from scene descriptions, and ‘casts’ them from a library of thousands of characters, props and backgrounds.” Continue reading Free Amazon Storyteller Tool Converts Scripts to Storyboards