Sales of virtual reality headsets and software are predicted to reach $1 billion this year, and advertisers are paying attention. At this week’s Cannes Lions International Festival of Creativity, an annual confab for advertisers and agencies, the focus will be on VR. Google executives will talk about the virtual reality platform based on the Android mobile operating system that the company plans to introduce this year, and ad agencies will describe how they’re using VR to promote brands and products. Continue reading Advertisers Explore Virtual Reality, Luxury Brands Embrace It

San Francisco-based BitTorrent is in the process of launching a TV news network in time for the fall elections. The company has posted a job opening for a news director, who would have the opportunity of starting with a blank slate to create the streaming “BitTorrent News,” described as a “tent-pole live news channel.” When queried, BitTorrent would not describe specifics of the upcoming channel but instead commented that the company has “a lot of exciting initiatives focused on media across all our platforms.” Continue reading BitTorrent Plans to Launch a Streaming News Network by Fall

The $17.7 billion acquisition of New York-based Cablevision Systems Corp. by European cable company Altice NV is now complete. The new company, Altice USA, will become the fourth largest broadband provider in the country with 4.6 million customers across 20 states. Cablevision will join with Suddenlink, acquired by Altice last year. “Altice has vowed to invest more in improving the infrastructure of the Cablevision and Suddenlink networks with a focus on boosting broadband speeds, improving Wi-Fi service and updating the programming guide and interface to more user-friendly designs,” reports Variety. Continue reading Altice Closes Cablevision Deal to Become Major U.S. Operator

In another sign that New York-based Mashable is heading toward video, the digital media company has acquired YouTube channel CineFix from Lloyd Braun’s media and tech company, Whalerock Industries. Terms of the deal were not disclosed. The channel, which is geared toward filmmakers and movie fans, has produced more than 1,200 videos and attracted over 1.6 million YouTube subscribers. The site is “a natural fit with Mashable’s focus on entertainment, technology, and influential geek culture,” said Mashable chief content officer Gregory Gittrich. Continue reading Mashable Buys YouTube Channel for Filmmakers, Movie Fans

Twitter announced it is acquiring London-based artificial intelligence startup Magic Pony Technology to help provide a professional polish to tweeted live videos. The social giant reportedly paid about $150 million to purchase Magic Pony. Twitter CEO Jack Dorsey said he was buying the company “so Twitter can continue to be the best place to see what’s happening and why it matters, first.” Twitter has been emphasizing video in recent months, and machine learning is “increasingly at the core of everything we build,” said Dorsey. In addition to using machine learning, “Magic Pony’s technology uses artificial intelligence for visual effects,” notes Bloomberg. “It can be used to clean up pixelated images or create new images” and “to improve video streaming.” Continue reading Twitter Eyes Machine Learning with Acquisition of Magic Pony

Magic Leap and Lucasfilm’s ILMxLAB have partnered to develop “Star Wars”-related content for the former’s technology. Because Magic Leap has kept its mixed reality developments under wraps, neither company would reveal details about specific experiences that would result from the partnership. But Magic Leap founder Rony Abovitz, at the WIRED Business Conference in New York City last week, did show a teaser that showed two iconic “Star Wars” characters, computer-generated but very real looking, interacting with participants. Continue reading Magic Leap and ILMxLAB Plan to Make ‘Star Wars’ Immersive

Snapchat is funding a new online magazine called Real Life that will launch next week with plans to publish content that addresses tech issues. “Real Life will publish essays, arguments, and narratives about living with technology,” writes Nathan Jurgenson, who will serve as editor-in-chief. “It won’t be a news site with gadget reviews or industry gossip. It will be about how we live today and how our lives are mediated by devices. We plan to publish one piece of writing every weekday, though we may eventually expand to other mediums and formats as well.” Jurgenson notes that the editorial staff’s background is “largely not tech-oriented, reflecting the editorial philosophy that technology is best discussed as lived.” Continue reading Snapchat Readies Launch of Online Tech Magazine Real Life

In a blow to record companies — and a win for Internet service providers, the 2nd U.S. Circuit Court of Appeals in New York yesterday ruled that Vimeo cannot be held liable for copyright infringement if the video-sharing site unknowingly hosts older music that was uploaded by users. In addition, the court ruled that it is not enough to prove Vimeo ignored infringement if company employees had watched videos containing copyrighted sound recordings. The case, which centered on the Digital Millennium Copyright Act (DMCA), was being watched closely by Silicon Valley. Continue reading Appeals Court Rules for Vimeo in Copyright Infringement Case

Two new reports — one from the Reuters Institute for the Study of Journalism and another from the Pew Research Center — highlight how social media platforms are becoming the dominant platform for accessing and consuming news. Reuters reveals that 28 percent of 18-to-24 year olds are more likely to access social media as their main source of news than TV (24 percent), and 51 percent of those with online access also rely on social media as a news source. This trend is negatively impacting traditional business models. Continue reading Social Media Becoming Significant Platform for Today’s News

At E3, Microsoft debuted the 4K video-capable Xbox One S, which is 40 percent smaller and $49 less than the previous $349 Xbox. The new console, also offered as a $400 version for a 2-terabyte hard drive, will unveil as a special edition in August and a standard version by end of year. Microsoft also plans to release a new virtual reality console and cross-platform games. Microsoft is in heated competition with Sony, which has sold an estimated 40 million PlayStation 4 consoles versus Microsoft’s estimated 21 million Xbox Ones. Continue reading Microsoft Unveils New Xbox, VR Plans, Cross-Platform Games

According to researcher IHS, Google Chromecast shipments surpassed Apple TV numbers for the first time. During Q1, 3.2 million Chromecast devices shipped, compared to 1.7 million Apple TV units. The $35 Chromecast has become more competitive since launching its new version in September, designed for easier use with televisions than the previous model. Chromecast also supports “thousands” of popular apps such as Google Play Movies, HBO Now, Hulu, Netflix, Pandora, Showtime Anytime, Spotify, Twitch, WatchESPN, YouTube, and many others. Continue reading Google Chromecast Shipments Top Apple TV for the First Time

Amazon is about to launch a full-fledged subscription music streaming service, say two knowledgeable sources. The service, which will put Amazon in direct competition with Apple Music and Spotify, will be priced at $9.99 per month and offer a catalog of 30+ million songs. Amazon, which is currently inking licenses with record labels, is expected to introduce the service in late summer or early fall. The company currently offers a free streaming music service to its Prime subscribers, but the catalog is limited. Continue reading Amazon Readies Subscription-Based Music Streaming Service

Time Inc., which purchased ad tech network and Myspace owner Viant earlier this year, is planning to publish 40,000 pieces of video content in 2016. To help achieve this ambitious goal, Time has partnered with New York City-based Wochit, a startup that helps online publishers produce short videos. Wochit provides pre-licensed content, editing tools and publishing options for social media and mobile platforms. The service analyzes article text and finds related graphics, photos and videos to build a video. Publishers can then add voice-over, music and more. Continue reading Time Inc. and Wochit Partner to Help Publishers Create Videos

Sprint is working with Mobilitie, a Newport Beach, California-based company, to install low-power cellular antennas on existing poles in public rights of way (where utility poles, street lamps and fire hydrants are installed) and build new poles where none are available. Sprint chairman Masayoshi Son created this strategy to improve services and keep costs down. Sprint aims to install 70,000 antennas in the public right-of-ways in the coming years. It currently has 40,000 traditional antenna sites, but there are obstacles. Continue reading Sprint and Mobilitie Plan to Install Low-Power Cellular Antennas

Cisco’s 11th annual Visual Network Index predicts that one billion new Internet users will be connected by 2020, driven in large part by the introduction of 10 billion new connected devices. Cisco forecasts that by the end of the decade smartphone traffic will exceed PC traffic — and the demand for video services will serve as the greatest driver, representing nearly 80 percent of data traffic. The report suggests that annual global IP traffic will surpass the zettabyte (1,000 exabytes) milestone this year, and will reach 2.3 zettabytes by 2020. Continue reading Latest Cisco Study Predicts Internet Traffic Will Triple by 2020