New documents submitted to state regulators for license applications are shedding light on how Elon Musk plans to make his X app into a payment platform that competes with services like Venmo and PayPal. Plans include letting users store money within their X accounts that can then be applied to purchases — including in physical stores — or issuing payment to other individuals or businesses. The filings come as X seeks to expand its revenue pool beyond advertising, which had in its Twitter days accounted for as much as 90 percent of sales. Ad income is said to have fallen below that threshold since Musk purchased the company in October 2022. Continue reading Musk Takes Next Step Toward Making X an ‘Everything App’

Twitch is rolling out its licensed DJ Program to allow music live streamers to pursue their craft without having to deal with takedown notices. The popular gaming platform, owned by Amazon, has been dealing with copyright infringement complaints, and now offers what it calls a “first-of-its-kind” compliance solution that provides creators who opt-in with “millions of tracks” that will be legally safe to use. Participating DJs will be required to pay copyright holders a percentage of their earnings from the stream in which the music is used. Twitch did not disclose the percentage but said it would split the cost 50/50 with creators. Continue reading Twitch DJ Program Forges New Path for Live Streaming Music

TikTok is experimenting with allowing users to upload 60-minute videos. The feature is being tested among a limited group of users in certain markets, with no immediate plans for a wider rollout, according to reports, which couch it as a move to take on the short-form platform’s biggest competitor, Google’s YouTube. TikTok debuted in 2016 with a native video format of 15-seconds, though the company has been expanding permissible durations over the years. TikTok users have reportedly been requesting the ability to post longer content for areas such tutorials, demos and sketch comedy. Continue reading TikTok Tests Long-Form Video That Could Challenge YouTube

Elon Musk wants to bring videos posted to X (formerly Twitter) to a bigger screen. The social platform plans to launch a YouTube-like app on smart TVs, starting with Samsung TVs and Amazon Fire TVs. Since purchasing Twitter in October 2022, Musk has emphasized its evolution to a “video-first” platform as part of its rebranding as X. Internal research claims X users watch videos in eight out of 10 visits, which would make it an obvious opportunity for expansion. In the early stages, it appears the focus will be long-form video, which can more easily accommodate advertising. Continue reading X Teases Launch of a YouTube-Like Video App for Smart TVs

Teenagers in the U.S. are finding it hard to tear themselves away from YouTube and TikTok, according to a new study of 13- to 17-year-olds by the Pew Research Center. Pew found that “nearly 1 in 5 saying they use the video-streaming apps ‘almost constantly.’” YouTube topped the chart for the second consecutive year, with 93 percent, “roughly 9 in 10 teens” saying they regularly use YouTube. That far outstrips TikTok, Snapchat and Instagram, which manage to creep to about 70 percent among a subset of teens 15 to 17. Among the total teen sample, that falls to 63 percent for TikTok, 60 percent for Snapchat and 59 percent for Instagram, according to Pew. Continue reading Pew: U.S. Teens Fixated on Video Apps YouTube and TikTok

Just four days after being pushed out by the OpenAI board, Sam Altman will be reinstated as CEO of the company he co-founded. His return as chief executive was announced in a series of online posts. In addition, most of the company’s board members will be replaced. Following Altman’s firing, Microsoft CEO Satya Nadella had announced Altman would lead a new advanced AI research team to run independently within Microsoft. However, hundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, continued to push for Altman’s return, threatening to quit if he was not reinstated. Continue reading In Latest Twist, Sam Altman Is Reinstated as CEO of OpenAI

Rumors were running rampant over the weekend as an unanticipated executive shuffle played out at OpenAI. It began on Friday when CEO Sam Altman was pushed out by the OpenAI board. President and co-founder Greg Brockman quickly resigned in solidarity, followed by several top researchers. Reports circulated the following day that investors were pressuring the board into reconsidering its decision, but by Sunday evening, OpenAI announced that former Twitch leader Emmett Shear would serve as the new interim chief. Shortly after, Microsoft CEO Satya Nadella said Altman, Brockman and other OpenAI employees would join Microsoft to lead an advanced AI research unit. Continue reading Sam Altman Joins Microsoft After Abruptly Ousted by OpenAI

Amazon’s live-streaming video service Twitch has begun testing a vertical presentation it’s calling the “Discovery Feed” designed to make it easier for users to browse and find new content. The interactive gaming and entertainment platform is the latest to emulate TikTok’s flagship vertical scroll, joining recent converts YouTube, Reddit, Spotify and Amazon. Beginning this week, select users will be able to access the new viewing format, although initially it will be populated with horizontally-framed creator clips, Twitch says, explaining that the framing will switch to vertical “as the feed evolves.” Continue reading Twitch Is Testing New Vertical-Scroll Feed to Boost Discovery

Have the striking Hollywood writers and actors opened a void that the creator economy is able to fill? Already in demand, top influencers are now being courted by producers and studios hungry for content to fill depleted pipelines. Meanwhile, striking actors and writers are taking their ideas to YouTube, Instagram, TikTok and Twitch, where they can forge a direct relationship with viewers — albeit not one that will result in direct-deposit paychecks. As the definitions of “talent” and “content” continue to blur, the Hollywood landscape could be in for a seismic shift. Continue reading Could Strikes Upend Institutional Hollywood Power Structure?

Video streaming service Twitch is rolling out a Discovery Feed to support growth opportunities for smaller streamers. That and other short-form video features were announced at TwitchCon Paris this past weekend. Though the platform’s primary business remains live-streaming, it wants to give creators a chance to promote their content in the native environment rather than on YouTube and TikTok, where most of the outreach has taken place to date. Like TikTok, the Twitch Discovery Feed is designed as a scrollable vertical feed that relies on algorithms to serve clips to users even when the creators aren’t live. Continue reading Twitch to Offer Short Videos, Discovery and Stories This Fall

The Federal Trade Commission is cracking down on fraudulent tech advertising, which escalated substantially during the COVID-19 pandemic, issuing orders to eight social media and video streaming platforms seeking information on commercial practices that are deceptive or expose consumers to false health-care products, financial scams and counterfeit or fake goods. The action compels services including Meta Platforms’ Instagram, Alphabet’s YouTube, ByteDance’s TikTok and Amazon’s Twitch to provide answers in 45 days so the FTC can analyze their practices. In addition to fact-finding, the order is intended to pressure the companies to self-regulate. Continue reading FTC Demands Info from Tech Firms in Fight Against Ad Fraud

Amazon Games and Crystal Dynamics are teaming on a new multiplatform installment in the “Tomb Raider” franchise. Crystal Dynamics is producing the title, which Amazon Games will publish globally. The as-yet-untitled project will mark Amazon Games’ first single-player narrative, following multiplayer titles including “New World” and “Lost Ark.” Crystal Dynamics plans to use Unreal Engine 5 to take gameplay and storytelling to the next level, according to Amazon, whose games VP Christoph Hartmann called the franchise “one of the most beloved IPs in entertainment history,” following the adventures of British archaeologist Lara Croft. Continue reading Amazon and Crystal Dynamics to Publish New ‘Tomb Raider’

The industry is buzzing about a new Sony product called Mocopi that offers motion capture priced for consumers. The Meta Quest-compatible Mocopi utilizes six tracking bands to be worn on the head, back, hands and feet. Priced at 49,500 yen (or about $358), Sony announced Mocopi on its Japanese YouTube channel, with a U.S. release expected toward the end of January 2023. Touted as a way to operate avatars in the metaverse or make videos, Mocopi will have an SDK that can import motion data into 3D animations. Continue reading Sony Targets the Metaverse with Consumer Motion Capture

YouTube is adding a Live Q&A feature aimed at helping creators to interact with viewers during live streams. Now, when a Q&A starts a prompt will appear pinned to the top of the chat. As viewers begin chatting their questions, creators can select the ones they’re responding to and pin them at the top, too, so participants will know which query is being responded to. The new system brings some organization to what was a sometimes confusing Q&A format, with creators scrolling for questions and participants often clueless as to the context of the response. Continue reading YouTube’s Live Q&A Brings Order to Live-Stream Questioning

YouTube is getting ready to introduce a new feature called “Go Live Together” that allows qualifying creators to have a guest join their live stream. Initially available only via mobile, YouTube plans to eventually expand to more platforms and expand the number of participating creators. Although creators can only host one guest at a time, they can rotate them. Once you are invited, the guests’ stream will appear below the host’s. To activate it, creators will be asked to enter stream details, including a title, description, thumbnails, visibility and monetization settings. The move follows similar functionality introduced by TikTok and Twitch. Continue reading YouTube Offers Co-Streaming with ‘Go Live Together’ Feature