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BUSINESS
March 12, 2012 | By David Pierson, Los Angeles Times
Youku Inc., China's leading online video site, reached an agreement to merge with its smaller competitor Tudou Holdings Ltd. in an all-stock transaction valued at more than $1 billion. The deal, announced Monday, creates an unlikely partnership between two companies that have struggled to turn a profit in China's booming Internet space. The two websites have long been bitter rivals, fighting in court over allegations of copyright infringement. The new company, named Youku Tudou Inc., would command more than one-third of the online video advertising market in China, challenging domestic online giants such as Baidu Inc. and Tencent Holdings Ltd. in a country where YouTube is blocked by censors.
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ENTERTAINMENT
April 22, 2014 | By Meg James
The Chernin Group and AT&T have formed a venture to invest more than $500 million in online video services, increasing their reach in a rapidly expanding market that competes with traditional television channels. Chernin Group, run by the former Fox president Peter Chernin, is contributing to the new venture its majority stake in Crunchyroll , a subscription video-on-demand service that specializes in Japanese animation known as anime. In announcing the venture Tuesday, the two companies did not identify what properties they might want to buy. The goal, they said, was to invest in advertising and subscription video-on-demand channels and streaming services.
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BUSINESS
June 2, 2011 | By Salvador Rodriguez, Los Angeles Times
The number of people watching video on the Internet is expected to nearly double by 2015 to 1.5 billion while the amount of video they watch on the Web is also seen doubling to more than an hour a day, according to a forecast released Wednesday by Cisco Systems Inc. In the company's Visual Networking Index, which is released annually and forecasts Internet usage over the next five years, Cisco predicts Internet traffic will quadruple from 2010...
WORLD
April 21, 2014 | By Sherif Tarek
A Tunisian diplomat kidnapped in neighboring Libya pleaded tearfully with his country's president in an online video to negotiate with a militant group for his release. Mohammed Bel Sheik, who was reportedly kidnapped a month ago in Tripoli, did not appear to be injured. Another Tunisian diplomat was abducted in Tripoli last week, shortly after Jordan's ambassador to Libya, Fawaz Itan, was seized. The fate of those two men is unknown. Kidnappings have surged in Libya since the revolution that ousted Moammar Kadafi in October 2011.
BUSINESS
June 25, 2009 | Joe Flint
A plan by Time Warner Inc. and Comcast Corp. to ensure that people who watch TV on the Web are already cable-TV subscribers faces several hurdles, including the technical -- a workable encryption system -- and the political -- whether consumers will view it as an attempt to wall off free content.
BUSINESS
October 22, 2002 | Jon Healey
Following the lead of major league baseball and the National Basketball Assn., the National Hockey League is starting to charge fans for online video. The NHL announced a new service offering video highlights of goals, saves and other action for $4.95 a month, as well as "classic" games on demand for $1.95 to $2.95 per viewing. The league, which still will offer some complete games and highlights for free through Microsoft Corp.'
BUSINESS
May 1, 2012 | By Dawn C. Chmielewski, Los Angeles Times
NEW YORK - Yahoo Inc.staged its glitzy presentation for advertisers in a theater near Central Park, with appearances by Katie Couric, "CSI" creator Anthony E. Zuiker and, via video, Tom Hanks. AOL Inc.rented out a three-story production studio in the gentrified Meatpacking District, which it filled with pounding dance tracks as gym-sculpted servers carried trays of beverages and snacks. A series of celebrity-studded presentations concluded with 1970s TV star Marlo Thomas taking the stage as AOL awarded prizes, including a new Ford Mustang convertible.
BUSINESS
September 12, 2012 | By Jon Healey
M-Go, a Burbank-based online entertainment service founded by DreamWorks Animation and Technicolor, has signed licensing deals with five of the six major Hollywood studios, the company is expected to announce Wednesday. The deals with NBCUniversal, Paramount, Sony Pictures, Twentieth Century Fox and Warner Bros. help fill out the library of movie and television titles M-Go will offer when it launches in the fourth quarter. Unlike Netflix, M-Go doesn't plan to offer unlimited video for a flat monthly fee. Nor does it plan to offer free television reruns, unlike Hulu or the networks' sites.
ENTERTAINMENT
April 22, 2014 | By Meg James
The Chernin Group and AT&T have formed a venture to invest more than $500 million in online video services, increasing their reach in a rapidly expanding market that competes with traditional television channels. Chernin Group, run by the former Fox president Peter Chernin, is contributing to the new venture its majority stake in Crunchyroll , a subscription video-on-demand service that specializes in Japanese animation known as anime. In announcing the venture Tuesday, the two companies did not identify what properties they might want to buy. The goal, they said, was to invest in advertising and subscription video-on-demand channels and streaming services.
BUSINESS
July 14, 2010 | By Meg James, Los Angeles Times
Loved and feared, Hulu — the online video service that offers free streams of episodes of such popular TV shows as "Glee" and "The Office" — commands more than 43 million users. Hulu's rapid rise since its launch in March 2008 has provoked shudders in Hollywood, where it's feared the website is teaching consumers, especially younger ones glued to laptops, to expect easy access to TV's best shows — all for free. And that, providers fret, will only encourage people to drop their pay TV subscriptions, which pays for the enormous cost of producing sitcoms and dramas.
ENTERTAINMENT
March 24, 2014 | By Ryan Faughnder
Walt Disney Co. is buying Maker Studios, the digital media company behind YouTube successes such as "Epic Rap Battles of History" and PewDiePie. Burbank-based Disney said Monday that it will pay $500 million to Maker shareholders. Based in Culver City, Maker Studios has about  55,000 YouTube channels with 380 million subscribers and 5.5 billion views per month.  Shareholders could receive up to $450 million more, depending on Maker's performance after the acquisition.
CALIFORNIA | LOCAL
March 14, 2014 | By Seema Mehta
California Republicans will gather in the Bay Area this weekend to discuss efforts to rebuild their beleaguered state party, hear from a collection of national speakers and be courted by GOP candidates who hope to take on Democratic Gov. Jerry Brown in the fall. The politicking between Assemblyman Tim Donnelly and former U.S. Treasury official Neel Kashkari will be closely watched as they court voters over the three-day meeting in Burlingame, address the convention on Sunday and host parties for delegates Saturday night.
CALIFORNIA | LOCAL
March 12, 2014 | By Seema Mehta
GOP gubernatorial candidate Tim Donnelly's campaign manager quit Wednesday, just days before the state Republican Party's convention. "I'm proud to have taken a candidate from the launch of a campaign as an unknown, underdog candidate to front-runner status in the polls, as well as having cleared the field of our closest GOP competitor," Jennifer Kerns said in a statement. "I wish all of the candidates in this race the best as they seek to shine a light on Jerry Brown's record. " Kerns' promotion to campaign manager was heralded earlier this year by Donnelly, a state Assemblyman from San Bernardino County, in an online video announcing the move . It featured footage of her running with a dog, shooting gourds in the desert and smoking a cigar.
BUSINESS
February 23, 2014 | By Dawn C. Chmielewski
Netflix has agreed to pay Comcast to ensure the subscription service's movies and TV shows stream seamlessly in a deal that underscores the power of distribution in the digital era - and could mean higher rates for consumers. The nation's leading online video service and the largest U.S. provider of home Internet access said the agreement is designed to ensure that Netflix subscribers can watch the new season of "House of Cards" and other content free of the pauses and hiccups subscribers have reported in recent months.
BUSINESS
December 10, 2013 | By Andrea Chang
A who's who of famous Internet cats descended upon Hollywood on Tuesday, led by Grumpy Cat, the perpetually sullen-looking feline. Oskar the Blind Cat, Colonel Meow and Nala Cat were also on hand, and Hamilton the Hipster Cat Skyped in for the event at Capitol Records. The cats gathered to unveil a music video, " Hard to Be a Cat at Christmas ," starring all five cats and produced by Friskies. PHOTOS: Top 10 most-talked-about people, topics on Facebook in 2013 The cat food maker will donate one can of wet food for every view of the music video, up to 500,000 views, in the largest one-time donation in the brand's history.
ENTERTAINMENT
December 2, 2013 | By Ryan Faughnder
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.
CALIFORNIA | LOCAL
June 16, 2011 | By Emal Haidary, Los Angeles Times
The Clovis High School Class of 2011 has left a lasting legacy: Members made a video aimed at portraying all aspects of their school life — and featuring nearly every one of the 600 graduates. In a lively, nearly 11-minute video posted on YouTube, the students at the school near Fresno lip-sync to two songs and lead viewers on a tour around campus. Nearly all parts of student life are presented, among them the athletes, the cheerleaders, the folklorico dancers. The video, "Clovis High Class of 2011 Lip Dub," was notable because the students shot it silently — the other students on campus were taking state-mandated exams and the seniors couldn't distract them.
BUSINESS
November 16, 2013 | By Dawn C. Chmielewski
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.
ENTERTAINMENT
November 12, 2013 | By Joe Flint
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.
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