Michael Jackson’s funeral service starts at 1 pm Eastern today and you will have to try very hard not to see it: In addition to wall-to-wall coverage on the news channels, any Web site capable of live-streaming the event will be doing so. Is the Internet ready for the coming traffic jam? I’m betting it is.
Now that Joost has given up the ghost and bailed out of the Web video portal business, who’s next? A good bet: Veoh, one of the best-funded would-be YouTubes. Multiple sources tell me the company is aggressively marketing itself to would-be buyers, and it’s asking for less than the $70 million investors like Michael Eisner have plowed into the company. Meanwhile, rival MetaCafe is looking for a “strategic investor.”
Hulu and other purveyors of Web TV are going to see a rush of ad dollars over the next few years. But compared to the ad money going to conventional TV, that won’t mean much. A cautionary tale.
Time Warner CEO Jeff Bewkes and Comcast CEO Brian Roberts will announce this morning that their two companies are linking up for a trial of an “authentication” effort. That means a handful of cable subscribers will get online access to Time Warner TV shows that have been previously kept off the Web. The idea is to protect cable subscription revenues by giving pay TV subscribers–but only subscribers–Web access to all the shows they get on TV. It’s a simple idea, but making it a reality will be very, very complicated.
Web video watchers are college kids who spend all day pirating movies and TV shows, right? Well, maybe some of them are, but new survey data argues ordinary Americans are plenty comfortable watching TV online, especially when they don’t have any other choice.
How did Conan O’Brien do, when he took the reins of NBC’s “The Tonight Show” on Monday night? That’s all subjective, of course, but this opening clip should give you an idea of where he was headed.
Want to watch the season finale of “30 Rock” for free, whenever you want, on a big screen? Go for it, says Hulu–just don’t watch it on a TV.
Confused? Of course. So was I when I checked out Hulu’s new “Desktop” app, launched today as part of the video service’s new “Labs” collection of experimental offerings.
Basically, it’s downloadable software that makes it easier than ever to watch Hulu’s shows and clips in the same way that you’d watch TV–on your sofa, remote in hand. But Hulu wants to make sure you don’t actually think it replaces TV.
IAC’s search engine has stagnant market share and declining revenue. Here’s one way to fix the latter, brought to you by Ben Stiller and pals.
One big reason why very few ad dollars have yet to make their way from television to the Web, even though online video is booming: TV viewing isn’t shrinking. Yet. Nielsen says more Americans are watching TV than ever before–up 1.2 percent in the last quarter–and they’re spending more time watching TV, too–that’s up 1.9 percent, to a staggering 153-plus hours per month.
Sure, YouTube dominated the online video world in April, and Hulu is continuing its rocket ride. But it’s surprising to see that Viacom’s MTV, which squandered its natural lead in online video long ago, had a big month, too. What happened?
Quincy Smith, who guided CBS through a series of big transactions during the Web 2.0 era, is planning his next deal: a move to start his own boutique investment bank or consultancy. Smith is still running the CBS Interactive unit, a job he took in November 2006. But he has been telling associates that he plans to start his own company, possibly as soon as this summer. Other people close to Smith say that his departure isn’t imminent and doesn’t have a fixed date and that he’s still working closely with CBS CEO Les Moonves. Statement from CBS spokesman Dana McClintock: “We decline to comment on rumor and speculation.”
There are plenty of question marks surrounding Vevo, Universal Music Group’s new music video site that’s scheduled to launch later this year with a big assist from Google’s YouTube. But here’s one answer: The venture will be run by Rio Caraeff, who currently oversees UMG’s digital business.
What does it take to add a third player to a joint venture between two media conglomerates? More than four months of negotiations. Tens of millions of dollars help, too. That’s what finally got Disney to join up with GE’s NBC and News Corp.’s Fox in Hulu, the fast-growing Web video site. Here’s what that means for the three networks and the rest of the Web video business.
A month ago, we heard that a deal between Disney and Hulu was finally ready for primetime. Better late than never: A deal to bring Disney’s content, primarily from ABC.com, should debut soon.
The good news for Web TV watchers: You’re going to get “The Office” and “Lost” on the same site. The bad news: The networks are still wary of the Web. Get used to seeing your favorite shows “windowed.”
Broadcast TV’s “upfront” season–the odd tradition whereby the networks try to get advertisers to buy much of their inventory in advance for the coming year–doesn’t start till next month. But once it does, it’s likely to be grim.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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