By
Paula ParisiJuly 25, 2024
Alphabet announced that its revenue was up 14 percent to $84.7 billion in Q2, slightly outperforming expectations. Profits rose 29 percent to $23.6 billion, beating analyst targets by $900 million. Search continued to be a top performer, generating $48.5 billion in the three-month period ending June 30, while Google advertising was up 10.5 percent to $64.6 billion. Google CEO Sundar Pichai said the company’s cloud and generative AI solutions “are being used by more than 2 million developers.” The Google Cloud services unit surpassed the $10 billion quarterly revenue mark for the first time. “We are innovating at every layer of the AI stack,” Pichai added. Continue reading Alphabet Reports Q2 Profits Jump 29 Percent to $23.6 Billion
By
Paula ParisiJuly 24, 2024
Amazon Prime Video is releasing a newly redesigned app that promises to bring “clarity and simplicity back to streaming” with AI-powered improvements to navigation, personalization, purchases and recommendations. Among other upgrades, the app makes it easier to quickly identify movies and series that are available to Prime members at no additional cost. Prime members had been lobbying for a brighter line between what is included with a subscription and what comes with an additional cost. A global rollout began this week, and eventually the app will be available to all Prime Video customers. Continue reading Responding to Members, Prime Video Updates User Interface
By
Paula ParisiJuly 23, 2024
Streaming rose to 40.3 percent in June, setting a record as it nudged past the previous single-category high point of 40.1, set by cable in June 2021. The percentage marks the highest share of TV ever reported in the three years since Nielsen debuted its monthly measurement report The Gauge. Google’s YouTube and Fox’s Tubi both claimed personal bests, respectively hitting 9.9 and 2.0 percent of TV viewing. Four streaming platforms achieved double-digit usage growth: Disney+ (+14.8 percent), Tubi (+14.7 percent), Netflix (+11.8 percent) and Max (+11.0 percent) — each with 20 percent or more of that growth attributable to younger viewers. Continue reading Nielsen: Streaming Reps 40 Percent Share of June TV Viewing
By
Paula ParisiJuly 22, 2024
Netflix reported that its popular streaming service has added 8.05 million subscribers during Q2, a healthy gain from 5.89 million newcomers during the same period a year earlier. The streamer’s total of more than 277 million worldwide customers makes it by far the largest subscription service of its kind. Revenue climbed to $9.56 billion, a nearly 17 percent second quarter gain that outperformed its own projections. Subscriptions on the ad-supported tier grew 34 percent compared to Q1. Amidst upheaval in more traditional media environs, Netflix seems to be gliding along, closing Thursday with a market valuation of $277 billion. Continue reading Netflix Reports Q2 Subscriber Growth as Revenue Tops $9.5B
By
Paula ParisiJuly 18, 2024
Google has launched the beta version of its Gemini-powered Google Vids productivity app, which lets users create work-related video presentations that embed documents, slides, audio recordings and even additional videos into a timeline. Incorporated into Workspace Labs, Google’s AI preview space, Google says invited participants can use Vids to “build a narrative with high quality templates” or “get to a first draft faster.” Access to Google’s royalty-free stock content library and Vids recording studio means a project can be completed “without ever leaving Workspace,” according to the company. Continue reading Gemini Powering Google Vids Multimedia Presentation Builder
By
Paula ParisiJuly 16, 2024
YouTube Shorts has added six new creator features designed to make it more competitive with TikTok. The automatic reconfiguration tool that converts long-form videos into Shorts is coming to Android, while another upgrade lets users type in dialogue that becomes narrated speech. An “Add Yours” sticker will now invite others to share content related to a video that’s been posted, while special effects that evoke the look and feel of “Minecraft” celebrate the 15th anniversary of the popular video game. Stylized captions and a remix tool round out the add-ons announced by YouTube Chief Product Officer Johanna Voolich. Continue reading YouTube Shorts Offers New Features to Compete with TikTok
By
Paula ParisiJuly 15, 2024
Suno, the AI text-to-music startup that along with AI music generator Udio is currently being sued by the Recording Industry Association of America, has launched its long-awaited mobile app. Likened to a pocket-sized virtual music studio, it is available for free (with ads) to iOS users in the U.S. Suno says a global rollout is coming soon, as is a mobile app for Android. “Whether you’re a shower singer or a charting artist, we break barriers between you and the song you dream of making. No instrument needed, just imagination,” touts Suno’s landing page on Apple’s App Store. Continue reading Suno’s AI Music Generator Is Now Available for iOS Devices
By
Paula ParisiJuly 11, 2024
DreamFlare has emerged from stealth to launch what is being billed as the first streaming platform for GenAI video. In addition to the consumer-facing subscription platform, the business model includes a sort of AI studio where creators can tap the expertise of professional storytellers to produce AI video using third-party tools like Runway, Sora and Midjourney. The company will feature two types of content: Flips, which are animated narratives with audio that viewers can also examine frame-by-frame, as with comic books, and Spins, described as “short movies” featuring branched narratives that provide interactive plot choices. Continue reading DreamFlare Launches AI Video Studio and Streaming Service
By
Paula ParisiJuly 11, 2024
Generative video creation and editing platform Captions has raised $60 million in Series C funding. Founded in 2021 by former Microsoft engineer Gaurav Misra and Goldman Sachs alum Dwight Churchill, the company’s technologies — Lipdub, AI Edit and the 3D avatar app AI Creator — have amassed more than 10 million downloads for mobile, the firm says. The C round brings its total raise to $100 million for a stated market valuation of $500 million. With the new funding, Captions plans to expand its presence in New York City, which is “emerging as the epicenter for AI research,” according to Misra. Continue reading Captions: Generative Video Startup Raises $60 Million in NYC
By
Paula ParisiJuly 10, 2024
YouTube has released an eraser tool update that makes it easy to remove copyrighted music from videos without disturbing the remaining audio, like dialogue and sound effects. The Erase Song update uses an AI algorithm to detect and remove the offending material, making it more accurate than what had previously been available, as well as easier. Creators whose material has Content ID claims can now excise the objectionable material without having to manually edit and upload a new video, thereby avoiding potential restrictions on where the video is viewable or whether it can be monetized. Continue reading YouTube AI Song Eraser Easily Removes Copyright Material
New York-based AI startup Runway has made its latest frontier model — which creates realistic AI videos from text, image or video prompts — generally available to users willing to upgrade to a paid plan starting at $12 per month for each editor. Introduced several weeks go, Gen-3 Alpha reportedly offers significant improvements over Gen-1 and Gen-2 in areas such as speed, motion, fidelity and consistency. Runway explains it worked with a “team of research scientists, engineers and artists” to develop the upgrades but did not specify where it collected its training data. As the AI video field ramps up, current rivals include Stability AI, OpenAI, Pika and Luma Labs. Continue reading Runway Making Gen-3 Alpha AI Video Model Available to All
Spotify recently introduced a new $10.99 per month Basic streaming plan in the U.S., which includes “the music streaming benefits of your Premium plan without the monthly audiobook listening time.” As part of its move to provide “more choice for U.S. subscribers,” Spotify now offers subscriptions including an $11.99 per month Premium Individual plan, $16.99 Premium Duo option, $19.99 Premium Family (for up to 6 members of one household), and Audiobooks Access for $9.99 per month. Additionally, in an effort to boost video content the company is allowing podcasters, even those not officially hosted by Spotify, to upload video podcasts. Continue reading Spotify Offers Basic Streaming Plan, New Podcaster Feature
By
Paula ParisiJuly 3, 2024
Fox Corporation’s ad-supported video-on-demand streaming service Tubi is launching in the United Kingdom with a content library of 20,000 movies and TV shows. With almost 80 million monthly active users, Tubi has grown quickly in the U.S. since its debut on the Nielsen Gauge just over a year ago and it is exporting the formula overseas. The new UK service will rely primarily on content from companies including Disney, Lionsgate, NBCUniversal and Sony Pictures Entertainment, as well Tubi Originals, arthouse fare and films from Bollywood and Nigeria, known as “Nollywood.” Continue reading Fox Streamer Tubi Seeks to Replicate its U.S. Success in UK
By
Paula ParisiJuly 3, 2024
YouTube is rewarding paid subscribers with early access to test features. Available now to those on the Premium tier are smart downloads and picture-in-picture for YouTube Shorts. Smart downloads populate automatically for convenient offline viewing, while PiP is touted as a convenience for multitaskers. The platform is also rolling out its “Jump Ahead” navigational feature to all Premium subs, starting with Android and coming to iOS “in the next few weeks,” the streamer explains. Powered by “a combination of AI and viewership data,” Jump Ahead lets users double-tap to skip ahead through a video. Continue reading YouTube Premium Offering Smart Downloads, PiP for Shorts
By
Paula ParisiJuly 2, 2024
Created by Humans, a company that aims to make it easy for creators to be compensated when their work is used for AI model training, has emerged from stealth with $5 million in funding. Positioning itself as “the AI rights licensing platform for creators,” the company was launched by Trip Adler, formerly the CEO of document sharing service and publishing platform Scribd. Noted author Walter Isaacson is an investor and creative advisor. In streamlining the licensing process, Created by Humans hopes to spare individuals and smaller companies from the proposition of engaging in costly litigation against LLM firms. Continue reading Created by Humans: AI Rights Licensing Platform for Creators