December 2, 2013 |
The Chernin Group has acquired a majority stake in Crunchyroll Inc., an online video company that specializes in Japanese animation known as anime. "Online video is growing faster than any other sector within media, and we feel that with Crunchyroll, we have a fantastic, anchor platform," said Chernin Group Chief Executive Peter Chernin in a statement. Chernin added that he plans to expand the anime segment and enter new genres through additional channels. The Chernin Group said Crunchyroll's senior management will keep a "significant stake" in the company along with its existing investor, TV Tokyo Corp. Financial terms of the sale were not disclosed.
November 16, 2013 |
The online video site Hulu once had ambitions of ushering in the future of television by shaking up the status quo. But under its new management, the site will throw off its old mantle of TV disrupter as it seeks to work in partnership with cable and satellite companies. Veteran Fox television executive Mike Hopkins took over as chief executive less than a month ago, an appointment that signaled the media companies that control Hulu wanted to turn the popular service into a feature offered through pay-TV distributors.
November 12, 2013 |
Sen. Jay D. Rockefeller IV (D-W.Va.), chairman of the powerful Commerce Committee, is introducing a bill aimed at giving a boost to new digital video services that are trying to compete against established pay-television distributors. The Consumer Choice in Online Video Act looks to do for online video services -- known in the media industry as over the top, or OTT -- what the 1992 Cable Act did for the satellite television industry by making sure it has access to programming. "Evidence is growing that some traditional media and broadband companies are attempting to discourage the growth of online video platforms through various anti-competitive practices," said an announcement detailing Rockefeller's bill.
October 23, 2013 |
An Ohio man who admitted in an online video that he had engaged in a night of celebratory drinking then recklessly drove the wrong way, crashing into another car and killing a man, was sentenced on Wednesday to 6½ years in prison. Matthew Cordle, 22, of Powell, Ohio, a suburb of Columbus, was sentenced on two counts, including felony aggravated vehicular homicide, for the June accident that killed 61-year-old Vincent Canzani. The prosecution had sought a maximum sentence of more than eight years in prison while the defense had sought leniency because Cordle had taken responsibility for his actions in a video that went viral.
September 18, 2013 |
The man who used an online video to confess to a night of heavy drinking that led to a crash and the death of another person, pleaded guilty in Ohio to aggravated vehicular homicide. Wearing handcuffs, Matthew Cordle, 22, entered his guilty plea on Wednesday in criminal court in Franklin County. He also pleaded guilty to a charge of driving under the influence of alcohol, a spokeswoman for the prosecutor's office told the Los Angeles Times. Cordle, who lives near Columbus, Ohio, faces 2 to 8.5 years in prison when he is sentenced in October, she said.
September 7, 2013 |
The Internet served as a contemporary confessional this week when a 22-year-old from Ohio posted a YouTube video in which he admitted to driving his car while drunk and killing a man. In a three-and-a-half-minute video, Matthew Cordle said he was driving the wrong way down a Columbus highway on the night of June 22, and crashed into a car driven by 61-year-old Vincent Canzani. “I killed a man,” says Cordle in the video, which begins with his face blurred and voice obscured as he narrates a night of bar-hopping and drinking to the point of blackout.