Take Five (the big five stories and data you need to know) November 18th 2019

Take5 18 11 19Bytedance subscription: Bytedance, parent of TikTok, is reportedly close to launching a music subscription service, initially focused on emerging markets. The big question is whether Bytedance will get the deals to launch something genuinely new, built on TikTok’s foundation, or just end up launching a cookie-cutter “all you can eat” 9.99 service.

Netflix and Nickelodeon team up: Netflix and Viacom’s Nickelodeon have announced a multi-year partnership to create kids shows. This shows two things: 1) Netflix is ensuring its kids offering is up to competing with Disney+, and 2) not all traditional TV companies see Netflix as being the enemy. This is becoming a heavily nuanced market.

Tencent looking for backingTencent is reportedly looking for external partners to come in as part of its $3.3 billion acquisition of 10% of UMG. Given Tencent was bullish about going it alone and paying a premium, something feels odd here. Maybe Tencent got spooked by slowing streaming growth in Q3 – something MIDiA said at the start of the year would happen.

Disney streaming woes: Good news for Disney+ with 10 miillion sign ups in 24 hours – that’s more than Apple Music got in weeks after launch. Bad news: it couldn’t cope with the demand, with widespread user complaints.Turns out it is just as hard for a media company to become a tech company as vice versa. There will be broad grins in Netflix towers.

BT keeps Champions League rights: UK telco BT has secured television rights for the European Champions League for another three seasons from 2021. The deal is reported to be worth £1.2 billion ($1.6 billion), with streaming service DAZN missing out in the bidding process. Sports rights remain a highly valued asset, but the bubble will burst at some stage in the next five years or so.

4 thoughts on “Take Five (the big five stories and data you need to know) November 18th 2019

  1. Pingback: Inside Facebook’s efforts to fight revenge porn using AI and a 25-person team; source: Facebook gets about 500K reports of revenge porn per month (Olivia Solon/NBC News) – 247 News

  2. Pingback: How Binance survived China’s crypto crackdown, a $40M hack, and the bursting of the crypto bubble to become one of the most successful crypto exchanges (Tim Copeland/Decrypt) – 247 News

  3. Pingback: Palantir unveils a $150M deal with Japanese financial services company Sompo Holding, with an initial focus on health and cybersecurity clients in Japan (Bloomberg) – 247 News

  4. Pingback: Bolt Bikes, which operates an e-bike subscription platform for gig workers in Sydney and Melbourne, expands to San Francisco and London (Kirsten Korosec/TechCrunch) – 247 News

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