Absence of major sporting events, decreasing cable audiences are a bad sign for traditional TV: US TV ad revenues will drop 4.4% this year, S&P Global Ratings predicts.
Twitter recurring revenue plans will likely be a hard sell: Pay-to-play services can work, but only if there’s value being exchanged.
The chipmaking giant is appealing for its government to shore up production on key manufacturing equipment to better compete with the US and China.
Tech’s economic pain spreads to gaming: Electronic Arts lays off hundreds of workers. Hiking game prices during high inflation could hurt revenue and mean more cuts ahead.
Roku cuts 400 jobs in four months: Rising costs and a tight ad market have hurt the rising advertising player, which could make it an acquisition target.
Netflix games may soon ditch mobile-only: In-app code reveals that Netflix is testing ways to bring its costly game investments to TV screens, using phones as controllers.
As Bing makes inroads into Google’s lead, it experiments with AI ads: Disney and Roku layoffs and pivots by Twitter and ByteDance dominated headlines this past week.
SES and Intelsat, two of the world’s largest satellite operators, are close to a merger deal that would create a $10B company to compete with SpaceX and Amazon.
The threat of a TikTok ban is enough to make waves: ByteDance, Meta, and Chinese competitor Kuaishou are all taking steps to anticipate a ban.
Splitting into six companies makes each business unit more competitive while reducing regulatory oversight, which could help increase profits.
Disney doesn’t think the metaverse is a priority: The company’s first round of layoffs axed its metaverse division as the rest of the media world leaves the limp dream behind.
Should households without TVs be counted in TV measurement? One industry group argues yes, since those households stream TV content to mobile devices.
Apple leads businesses leaning on China: The brewing tech cold war notwithstanding, companies like Apple need to rely on established supply chains. Continued foreign partnerships are essential to China’s recovery.
Does Apple believe in its headset? Some inside the company aren’t confident about the Reality Pro, and there’s evidence backing the doubt. A pivot to more relevant technologies makes sense.
TikTok is banned from French government phones. The move may accelerate wider government bans of other apps, like Instagram and Twitter.
Roblox’s ad struggles show the metaverse’s waning importance: Advertisers may choose to stay away from the platform thanks to new rules limiting exposure and restricting content.
Ad spending set to grow on shoulders of retail media: Auto recovery and ad-supported video will also buttress the US advertising market in 2023.
One of the largest wireless and satellite TV providers stands to lose ground in highly competitive markets if it fails to respond to customers.
The FTC wants to stop the seemingly never-ending struggles to cancel unwanted subscription plans for gym memberships, cellular plans, apps, and more.
Snap expands its AR offerings to DTC merchants and enterprise clients: The move paves the way for more interactive shopping experiences and reduced returns.