Nasty Nas‘ pockets just got filthier. On Tuesday (Jan. 22), Businesswire announced that media tyrant Viacom has agreed to a definitive deal with Nas’ Queensbridge Venture Partners to acquire their Pluto TV streaming service for $340 million. Continue reading Nas’ Queensbridge Venture Partners Sells Pluto TV to Viacom for $340 Million
Netflix has ordered a scripted series based on the life of Tejano superstar Selena Quintanilla. Continue reading Netflix Orders Scripted Series About the Life of Selena Quintanilla
Netflix isn’t just expanding its footprint in California. The streaming behemoth is planning to open a production hub in New Mexico by acquiring Albuquerque’s ABQ Studios — its first purchase of a production studio complex. It’s making the deal (which is still in “final negotiations”) in part due to incentives, which include up to $10 million in Local Economic Development Act funding from the state as well as a maximum of $4.5 million from Albuquerque.
Netflix is changing up their preview format so you can get the mobile-optimized view of the show or movie you may want to watch next, Variety reports. The streaming service recently updated their mobile app to allow users to see previews in vertical-video mode, a lot like stories on Instagram or Snapchat. Continue reading Netflix Introduces Vertical Video Previews on Mobile Devices
Spotify is no stranger to facing lawsuits accusing it of offering unlicensed songs, but the latest could prove to be very costly. Hollywood Reporter has learned that Wixen Music Publishing, which manages the song composition rights for artists ranging from Neil Young to Zach de la Rocha, has sued Spotify for copyright damages of at least $1.6 billion. Wixen claims that the streaming service is using tens of thousands of songs without proper licenses and the compensation to match. The plaintiff had already objected to proposed $43 million settlement in another case in May, so this wasn’t coming entirely out of the blue.
The boats are coming for Disney’s movies, ready to evacuate them from Netflix’s disputed shore. The studio’s deal with the streaming service expires next year; in 2019 everything that smells even faintly of mouse will move to a new redoubt. Disney and Pixar movies will supply the pipeline for a new Disney-owned streaming platform, a company rep said during an earnings announcement. (CEO Bob Iger also said he wasn’t sure if the Star Wars and Marvel movies would be on the same new service or somewhere else entirely.)
SoundCloud co-founder and CEO Alex Ljung assured listeners and artists that the company was in control of its “independent future” and on a path to “profitability” after laying off 173 staffers last week. In a subsequent report forum TechCrunch, however, the situation is supposedly much more dire. Eventually, news of SoundCloud’s current (alleged) status even prompted a response from Chance the Rapper.