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Verizon makes Oath after completing Yahoo deal

Verizon has competed its US$4.5 billion acquisition of Yahoo’s core business and has combined it with AOL to create a new subsidiary called Oath, with Marissa Mayer exiting as a result. As a home to more than 50 media and technology brands, Oath’s portfolio includes HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios and Yahoo […]

Report: Verizon set to buy Vessel

US telco Verizon is in position to acquire mobile video platform Vessel, according to a report. Ex-Hulu CEO Jason Kilar and CTO Richard Tom launched Vessel in March 2015 as a start-up after raising millions of dollars in investment. The plan was to offer YouTube stars an alternative to the Google-owned platform, but failed to […]

Hulu ditches free service, Yahoo steps in

Hulu is canning its ad-supported streaming and catch-up service, with a chunk of its free content moving to a Yahoo View, a new service from the ISP. The remaining core Hulu services will be the paid-for US$7.99 and US$11.99 SVOD tiers. The news comes soon after Time Warner bought into the on-demand business, paying US$583 […]

Barcroft adds execs after Channel 4 investment

UK-based digital content business Barcroft Media has hired execs from News UK and Bloomberg for new senior editorial and commercial posts. Dom Smith, a former FHM Australia editor and FHM managing editor, has become head of editorial and will oversee the flow of content to the Barcroft video business, which has one of the UK’s […]

Seven mulls Yahoo7 buy-out

The parent of Australia’s Network Seven is considering buying out the co-owner of its Yahoo7 joint venture, after it emerged Verizon was acquiring digital and tech firm Yahoo. Seven West Media and Yahoo have jointly run online entertainment platform Yahoo7 for 17 years – initially as i7 before a 2006 rebrand, but with US-based telco […]

Verizon set to buy Yahoo assets for $4.8bn

Verizon has agreed to buy Yahoo’s core internet operations for US$4.8 billion in cash. The deal, which was announced today, will see Verizon buy Yahoo’s core assets and its real estate, leaving the company with its stakes in China’s Alibaba Group and Yahoo Japan. “The acquisition of Yahoo will put Verizon in a highly competitive […]

SVOD data: Jessica Jones tops High Castle

Netflix action drama Marvel’s Jessica Jones is the most in-demand original streamed series in the UK, according to exclusive new data seen by TBI. Netflix programmes took seven of the top ten spots in the findings, which come from US-based Parrot Analytics, whose demand expressions measurement is a tool that uses a variety of sources […]

Yahoo to cut 15% of staff, divest assets

Yahoo has announced plans to cut 15% of its workforce and has begun to explore “divesting non-strategic assets of value” – including its online games and smart TV software. Speaking on the company’s fourth quarter earnings call, Yahoo CEO Marissa Mayer (pictured) said that the board and management are looking to “strategic alternatives” in a […]

Yahoo closes video platform

Tech giant Yahoo has shuttered its video streaming platform, Yahoo Screen, two years after it was created. Yahoo Screen launched with more than 1,000 hours of programming, eight original shows and licensing agreements with the likes of Viacom, and went on to commission more original series, including the revival of former NBC comedy Community (pictured). […]

Getty Images appoints Airey as CEO

Former Yahoo EMEA chief and Channel 5 boss Dawn Airey has been appointed as CEO of Getty Images. Airey, who left her position as senior vice president of Yahoo’s EMEA businesses earlier this month, takes over from Jonathan Klein who steps up to become chairman of Getty. The company said that under Airey’s leadership, Getty […]

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