After facing a six-year legal battle with major music labels, Escape Media has finally agreed to cease operations of music startup Grooveshark, which offered users access to millions of songs for free. Grooveshark’s founders recently published a formal statement to apologize for attempting to offer music without having the licensing agreements to legally do so. Under the terms of the settlement, the company has been mandated to shut down its website, apps and clear all of its servers.  Continue reading Grooveshark Shutters Music Service After Losing Legal Battle

AOL and NBCUniversal have reached a licensing and distribution agreement that will allow the two companies to share and develop content. Shows from NBC, CNBC and Telemundo could start streaming via online video platform AOL On. NBCUniversal and AOL may also start developing original content together to be distributed on the platforms of both companies. The agreement means that advertisers will be able to reach consumers watching this shared content on television as well as mobile and desktop devices. Continue reading AOL and NBCUniversal Plan to Share Content Across Platforms

During its NewFront presentation in New York this week, Disney-owned Maker Studios announced Maker Select, which will allow advertisers to buy ad space on Maker’s 55,000 YouTube channels in addition to all other YouTube channels. Maker Select will incorporate Maker’s audience data with data from YouTube, Nielsen, social networks and additional sources. Advertisers can target ads based on content type, brand compatibility and audience makeup. The new offering comes from a partnership with Web video analytics firm OpenSlate. Continue reading Maker Select Enables the Purchasing of Ad Space on YouTube

Rapper and producer Jay Z is promoting his new artist-backed music streaming service Tidal with an exclusive concert. “Tidal X: Jay Z B-Sides” will be held May 13 in New York City. The only way people can get tickets is by submitting a playlist on Tidal. The artist plans to play songs that he has not performed in over 10 years. The concert announcement follows in the wake of Jay Z vehemently defending Tidal on Twitter after other musicians had criticized the service for being too elitist. Continue reading Jay Z to Perform Free Concert Only for Tidal Music Subscribers

Amid growing competition in the online video space, Google’s YouTube is trying to hang onto its lead by supporting some of the platform’s biggest stars. The platform will back long-form original series from the Fine Brothers, Prank vs. Prank, Joey Graceffa and SMOSH. YouTube and AwesomenessTV have also paired up to create several feature-length films that will debut online and feature YouTube stars. The Google subsidiary is facing competition from Facebook, Yahoo, and even Netflix. Continue reading YouTube to Back Long-Form Content From its Popular Creators

ESPN filed a lawsuit Monday in New York Supreme Court against Verizon, claiming that Verizon’s new FiOS TV packages — which allow subscribers to purchase a basic set of channels starting at $55 per month, and add tiers of genre-based channels — are in breach of contract regarding ESPN distribution. While Verizon introduced the new packages to attract consumers looking for more flexibility, the company has met resistance from major players such as 21st Century Fox and NBCUniversal regarding current programming agreements. Continue reading ESPN is First to File Suit Against Verizon Over FiOS Bundles

In an effort to reduce movie piracy, Microsoft is working alongside chip manufacturers such as Qualcommn, AMD, Nvidia and Intel to develop a technology for the PC that monitors and protects select HD content from being illegally copied. The technology, which Microsoft is calling PlayReady 3.0, will be available for PC owners running on Windows 10. Microsoft wants to ensure that PlayReady 3.0 can serve as a reliable and safe way for movie viewers to stream high-quality, 4K content on their PCs.  Continue reading PlayReady: Microsoft and Chipmakers Plan to Reduce Piracy

Back in January, YouTube closed a deal with the National Football League to set up an NFL channel on its video platform, offering viewers game previews, highlights and more. In anticipation of the next season, YouTube is looking to capitalize on its NFL programming to secure lucrative advertising deals. The tech giant has set its NFL ad package at $5.2 million for the entire season, on the condition that marketers also commit to paying that same amount to enlist in its Google Preferred program. Continue reading Google Leverages NFL Content Deal to Push YouTube Ad Sales

Comcast issued a statement this morning that the proposed merger with Time Warner Cable has officially been terminated. “Today, we move on,” noted Comcast Chairman and CEO Brian Roberts. “Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn’t agree, we could walk away.” Reports had circulated in recent days that a merger of the country’s two largest cable operators was ending as Comcast faced intense regulatory scrutiny regarding the $45.2 billion acquisition. Continue reading Comcast Confirms That It Has Dropped $45 Billion Bid for TWC

The Interactive Advertising Bureau recently found that one-third of Americans now own connected TV sets, while one-third of those consumers stream video to their TVs daily. According to new survey findings from consulting firm Deloitte, video streaming services such as Netflix, Hulu and Amazon have now surpassed live programming as the viewing method of choice for many consumers. The survey determined that 56 percent stream movies and 53 percent stream TV shows, while 45 percent still prefer watching live broadcasts. Continue reading Study Indicates Streaming Video is More Popular Than Live TV

According to the Interactive Advertising Bureau, one-third of Americans now own connected TVs, while one-third of those consumers stream video content to their televisions daily. On average, owners of connected TVs spend 2.4 hours per day streaming to their televisions. Streaming video is beginning to affect viewing patterns in a way that may concern the traditional TV industry. Nielsen recently reported that TV viewing dipped 4 percent in the third quarter of 2014 and streaming jumped 60 percent compared to Q3 the previous year. Continue reading Report Says One-Third of Connected TVs Stream Video Daily

HBO has acquired the popular online series, “High Maintenance,” which first launched on Vimeo in 2013 free of charge. Last year, creators Ben Sinclair and Katja Blichfeld partnered with the streaming service to offer the second season exclusively via Vimeo On Demand, and it quickly became a top seller on the VOD service. For now, viewers can still watch the dramedy without paying for HBO, since the first 13 episodes are streaming free of charge and the most recent six episodes are available on demand for $2 each. Continue reading Vimeo Hit Series ‘High Maintenance’ Leaving the Web for HBO

A survey by RBC Capital Markets found that consumers are not willing to pay any more than they already do to stream a movie on opening weekend. Eighty-seven percent of consumers will not pay more than $10 to stream a movie on the same day it is released in theaters. That’s bad news for Hollywood studios that are trying to make more money with same-day video-on-demand releases. Most of the survey respondents also said that a VOD release would have no effect on their choice to go to theaters. Continue reading Survey Says Viewers Won’t Pay More Than $10 to Stream Movie

Netflix added 4.88 million subscribers in the most recent quarter, exceeding expectations for growth of its user base. The company had forecast 4.05 million new subscribers. Netflix believes its popular original programming like “House of Cards” helped attract more users both in the U.S. and internationally. The streaming service is continuing to expand overseas and plans to encrypt its video streams in order to protect the privacy of its now 62 million-strong user base. Continue reading Netflix Beats Projections for User Growth In U.S. and Abroad

To better compete in the changing pay TV landscape, Verizon is planning to introduce more flexibility for subscribers of its FiOS service. Beginning April 19, viewers will have the option of a slim package of channels and will also be able to add “channel packs” that feature genre-based channels (for example: pop culture, lifestyle, sports). Plans will start at $55 per month. Additional packages including 10-17 channels will run $10 a month. In addition, subscribers will have the ability to switch between channel packs after 30 days. Continue reading Verizon to Debut New Options for its FiOS Service Next Week