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Esports revenues to top US$5bn in five years

Revenues from esports are expected to skyrocket from US$900 million (€802 million) in 2018 to US$5.05 billion (€4.5 billion) in 2024.  According to a new report from Rethink Technology Research, the revenue rise is set to be split between game publisher fees, sponsorship, media broadcasting rights, tickets and merchandise, tipping and advertising. While broadcasts of […]

Facebook tests aggregate VOD sales

Social media giant Facebook is attempting to make a play in the SVOD space as an aggregator and reseller.  The site is launching a small-scale test to sell subscriptions for four services. These are Britbox, CollegeHumor’s Dropout, MotorTrend app and Tastemade Plus.  The test will only be available in the US and will begin in […]

Mediaset secures victory against Vimeo in latest copyright ruling

Mediaset has claimed another victory in its battle against copyright infringement by online video services with a legal judgement against Vimeo. The Court of Rome has ordered the online video portal to pay close to €5 million in damages and €80,000 in court costs after it was found guilty of hosting copyright material from the […]

Facebook Watch strikes digital deal with ProSiebenSat.1

Facebook Watch has struck a deal with German commercial broadcaster ProSiebenSat.1 that will secure a raft of digital-first content for Facebook’s video service. Facebook Watch will work with ProSiebenSat.1 to bring digital content including pre-shows, after-shows, interviews and spin-offs of the German broadcaster’s content to Watch users. Facebook said that the deal would cover content […]

OTT market to reach US$330 billion by 2025

The fast-growing OTT market is set to reach new heights in the coming years, a new report has claimed. According to a new study from Allied Market Research, the global OTT market reached US$97.43 billion (€86.97 billion) in 2017 and is projected to reach US$332.52 billion (€296.81 billion) by 2025. This translates to a compound […]

Facebook’s VR head is stepping down from his role

Hugo Barra, the vice president of Oculus VR at Facebook, is leaving his role to focus on building a “global AR/VR partner ecosystem” at the company. Barra, who joined Facebook from Chinese electronics company Xiaomi in January 2017, will be succeeded in the position by Erick Tseng, Facebook’s current product management director. This reshuffle coincides […]

Chris Cox, Facebook chief product officer, to leave firm

Facebook founder Mark Zuckerberg has announced the high profile departures of the social media giant’s chief product officer Chris Cox and head of WhatsApp Chris Daniels. The departure of Cox is a particular surprise, given that he has worked at the firm since 2005 and introduced key features to the service including its News Feed. […]

Facebook introduces Showcase premium video ad scheme

Facebook is introducing a new video ad programme in the US, designed to help ad buyers reach target audiences within “the highest-quality videos on Facebook” – including Facebook Watch originals. Facebook Showcase aims to make it easy for advertisers to plan, buy and measure video ad campaigns, reserving inventory upfront, at a fixed price, guaranteed […]

Mediaset claims victory in legal battle with Facebook

Italian broadcaster Mediaset has claimed victory in a milestone legal battle with Facebook over violation of copyright and defamation, with a Rome court holding the social network responsible for hosting unauthorised links to Mediaset content. The case dates back to 2012. According to Mediaset, anonymous users opened a Facebook page dedicated to a cartoon, Kilari, […]

DCMS committee calls for regulation of online platforms

A compulsory code of ethics, overseen by an independent regulator, should be brought in to monitor online platforms like Facebook and bring an end to self-regulation, according to a UK parliamentary report. The Digital, Culture, Media and Sport select committee’s damning final report on ‘Disinformation and ‘fake news,’’ published today after an 18-month inquiry, recommended […]

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