Deloitte forecasts that the 83 million 18- to 34-year-old consumers in North America will spend about $62 billion on media consumption in 2015, an average of $750 per person. Roughly 80 percent of millennials are projected to spend an average of $80 per month on pay TV, with another $40 per year for streaming video services such as Netflix or Amazon Prime. The same demographic is likely to spend about $100 on concerts and $25 a year on music downloads and streaming services, according to Deloitte. Continue reading Research Points to Millennials Spending $62 Billion on Media

According to a recent study by SNL Kagan, mobile entertainment revenue is poised to match that of box office totals. Last year in the U.S., revenue generated by mobile games, videos, music and location-based services topped $9.14 billion (and has grown at a combined annual rate of 50 percent the last three years, notes the research). The 2014 total is getting close to the estimated $10.35 billion consumers spent on movie tickets in the U.S. Mobile games led the charge by far, earning more than $5.2 billion last year. Continue reading Research Points to Mobile Revenue Reaching Box Office Totals

A new report from Frank N. Magid Associates indicates that Facebook’s popularity with teenagers is continuing its decline. According to the study, Facebook usage by 13- to 17-year-old Americans engaged in social media dropped from 95 percent in 2012 to 94 percent in 2013, and 88 percent this year. During the same time frame, Twitter and various messaging apps experienced an increase in popularity with teenagers. In addition, only 9 percent of respondents described Facebook as “safe” or “trustworthy.” Continue reading Survey Shows Teens Continuing to Lose Interest in Facebook

Nielsen’s 2014 report for movie theater attendance shows that moviegoers aged 12-24 are making fewer trips to the theater compared to previous years. This year’s summer box office was reportedly the weakest of any summer for the past eight years. Nielsen’s numbers also reveal that streaming movies and TV shows has become the preferred alternative for Hollywood’s most coveted demographic. Americans 12-24 told Nielsen they saw 15 percent fewer films in theaters compared to 2013. Continue reading Nielsen: Streaming Impacts Theater Attendance Among Digitals

If the much-hyped “Internet of Things” is to reach its full envisioned potential, many believe there needs to be a recognized set of open standards that will enable technologists and developers to work together to connect devices and systems. To that end, Google announced it is establishing an open innovation and research program with plans to develop and formalize the research, standards, security, privacy and systems to help realize a fully “connected” society. Continue reading Internet of Things: Google Makes a Call for Research Proposals

As the Internet of Things grows, the creators of OpenSensors.io believe that the public could benefit from sharing data from the many sensors that collect information around the world. OpenSensors is like a social network, where people can publish their data and subscribe to other people’s data. The software brings all of the info together, making it easier to route it to the appropriate locations. The open source nature of the data means anyone could use it for their own research or app. Continue reading OpenSensors.io Lets Anyone Share Data from Smart Devices

Researchers at Washington University in St. Louis have created a camera that can capture how light moves as it goes through and around objects. The camera may be used to observe body processes, study quantum phenomena, and eventually develop invisibility cloaks. Compressed Ultrafast Photography (CUP), as the technique is known, achieves an incredible speed by converting photons to electrons and recording the time and space data needed to create an image. Continue reading Fastest Camera Ever Captures 100 Billion Frames per Second

According to the new Global Internet Phenomena Report by Canadian broadband network company Sandvine, Netflix continues to reign in the competition for streaming video. The popular video service presently accounts for 35 percent of all bandwidth usage in North America during peak hours. YouTube has the second highest bandwidth usage with 14 percent. Amazon Instant Video is the second highest paid streaming service, and it is growing quickly, along with HBO GO. Continue reading Sandvine Global Internet Report Finds Netflix Still Dominates

A study recently published in the Journal of Communication found that no significant association exists between media violence consumption and societal violence. Researcher Christopher Ferguson of Stetson University conducted two studies, one which compared movie violence and homicide, and the second which focused on video game violence and youth violence rates. The findings point to an increase in media violence, but not a correlating increase in real-life violence. Continue reading Study Shows Media Violence Not Linked to Societal Violence

Technicolor’s Rennes Research & Innovation Lab is a 193,750-square-foot facility located in France’s version of Silicon Valley — Rennes’ Via Silva eco-city. Initially launched by CEO Frederic Rose in 2012, the facility grouped colorists, researchers and engineers together at one site. Today, teams at the R&D lab are working on a host of technologies for content creators and consumers related to virtual reality, augmented reality, stereoscopic video, 3D audio, the Internet of Things, and much more. Continue reading Technicolor Imagines the Future at Research & Innovation Lab

Google is re-evaluating its privacy standards with a new open source tool that is designed to maintain confidentiality among participants being evaluated in heavy data sets. The ongoing project, known as RAPPOR, stems from a 1960’s technique that disrupts the correlation between a given data point and the individual behind that data point. The project is set to preserve the privacy and identity of the individual that is often vulnerable in the hands of companies today. Continue reading Google Experiments with New Approach to Individual Privacy

Amazon announced its Fire TV Stick, a $39 device ($19 for Prime subscribers) that plugs into the back of a television to provide access to movies and shows via online services such as Amazon’s Prime Instant Video and competitors Hulu and Netflix. Scheduled for a November 19th release, the Fire TV Stick offers twice the memory of Google’s $35 Chromecast (a bestseller on Amazon) and is priced lower than Roku’s $50 stick. However, it joins a crowded market of over-the-top Internet streaming devices. Continue reading Amazon to Join Crowded OTT Device Market with Fire TV Stick

Google X, Google’s secretive advanced projects lab, is currently developing large-scale video displays that are comprised of smaller modular screens intended to plug together like Legos to form a seamless image. According to people familiar with the previously undisclosed project, the displays can be configured in different shapes and sizes. The project is led by Mary Lou Jepsen, former MIT professor who co-founded the One Laptop Per Child project and three startups involving display technology. Continue reading Google X Project: Building Large-Scale Modular Video Displays

Twitter is investing $10 million in MIT’s Media Lab for research purposes. The company will also provide researchers with the archives of every public tweet, along with the real-time feed. The researchers will attempt to understand how information spreads on social media platforms like Twitter. MIT will use the investment over a five-year period to build tools involving data visualization and mobile apps. This is the first investment that Twitter has made for academic research. Continue reading Twitter Helps MIT Study Spread of Information via Social Media

According to a KPMG study, Hollywood is now offering more content through legal digital venues than ever before. As of the end of 2013, 94 percent of the 808 top films analyzed by KPMG were available legally for U.S. consumers through online VOD services, while 85 percent of the 724 most popular and critically acclaimed TV shows were also available. In related news, the amount of Netflix streaming video has grown 350 percent in the last 10 quarters, and now averages 93.2 minutes per subscriber daily. Continue reading Study: More Top Movies and TV Shows Available Legally Online