Media and Content Platform News
From streaming video platforms, through to content management, our latest news and analysis articles covering media and content platform businesses.
TikTok owner ByteDance’s 2020 revenue soars, net loss at $45 billion
TikTok owner ByteDance’s total revenue more than doubled last year to $34.3 billion but its net loss widened to $45 billion, according to a company memo seen by journalists.
Benchmark-backed Confluent aims for $8 billion valuation in US IPO
Confluent Inc is aiming for a valuation of about $8.3 billion in a US initial public offering, cashing in on a surge in demand for live-streaming software as companies move online ...
Macron bemoans nonsense innovation, takes aim at Chinese and US tech bonanza
French President Macron has called out what he described as excesses of liquidity in the US and Chinese financial markets, some of which he said could instead foster the growth of ...
Canada launches long-awaited auction of 5G spectrum
Canada is set to begin a hotly anticipated auction of the mobile telecommunications bandwidth necessary for 5G rollout, one that was delayed more than a year by the pandemic.
Big Tech critic Lina Khan becomes FTC chair in the US
Lina Khan, an antitrust researcher focused on Big Tech’s immense market power, was sworn in on Tuesday as chair of the US Federal Trade Commission, a victory for progressives...
EU court backs national data watchdog powers in blow to big tech
Europe’s top court has endorsed the power of national data watchdogs to pursue big tech firms even if they are not their lead regulators, in a setback for Silicon Valley comp...
YouTube bans masthead ads for politics, alcohol and bets
Alphabet Inc’s YouTube will no longer allow political or election ads in its coveted masthead spot at the top of the site’s homepage nor ads for alcohol, gambling and p...
Breaking up Big Tech in focus as new US antitrust bills introduced
A bipartisan group of lawmakers in the US House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to...
Google to work with UK regulator in plan to remove browser cookies?
Google would not be able to eliminate user-tracking technology that is important to advertisers from its Chrome browser without sign-off from the UK governments competition regulat...
Amazon and Google lead US Senate panel antitrust hearing witness list
Executives from Google and Amazon.com head the list of witnesses for a hearing before the Senate Judiciary Committee’s antitrust subcommittee next week, along with an executi...
Amazon rights row throws French soccer into fresh turmoil
France’s Canal+ TV group has said it would stop showing top division French soccer games in protest at a decision to award some broadcasting rights to Amazon.
Netflix opens online store offering limited-edition merchandise
Netflix Inc will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on “Stranger Things,” “Lupin” and othe...
Biden drops Trump attempt to ban TikTok, WeChat; orders new review
The Biden – Harris White House has withdrawn a series of Trump-era executive orders that sought to ban new downloads of WeChat and TikTok, and ordered a Commerce Department r...
US Senate passes bill to raise fees on biggest mergers
The US Senate has passed a bill that would increase fees that companies planning the biggest mergers pay to government antitrust agencies and give those agencies bigger budgets.