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DirecTV plans to lay off approximately 10% of its management staff, a spokesperson confirmed to TechCrunch. The layoffs will be in effect next Friday, January 20. The staff reduction comes as DirecTV, among other pay-TV companies, grapple with the continuous loss of consumers moving away from linear television and shifting over to streaming. DirecTV no
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Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music streaming, K-pop artists management, and other media (movie
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Major streaming services have upped their game in 2022 with the launch of ad-supported tiers, new live sports deals, hugely successful original series and more. As the streaming wars continue to heat up, media companies have no choice but to raise the stakes. From the HBO Max/Discovery+ merged streaming service to Netflix’s password-sharing offering, here’s what
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In November, Netflix unveiled its long-anticipated ad-supported tier which offers customers in select markets, including the U.S., the ability to offset the cost of a Netflix subscription by allowing their viewing to be interrupted with ad breaks. At the Consumer Electronics Show in Las Vegas, Netflix President of Worldwide Advertising, Jeremi Gorman, offered some initial
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Depending on whether you spend most of your time in hospitals, offices or in the great outdoors, when you hear “Canon,” your mind will likely go to medical scanning equipment, high-end printers or cameras. At CES this year, the 85-year-old company is leaning in a new direction, with an interesting focus on software applications. At
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This summer, I went straight from VidCon — the largest creator conference — to a labor journalism seminar with the Sidney Hillman Foundation. One day, I was chatting with famous TikTokers about their financial anxieties (what if they accidentally get banned from TikTok tomorrow?), and the next, I was learning about the history of American
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Social media platforms and creator-focused startups haven’t looked too hot this year, as companies like Snapchat, Patreon, Cameo and Meta all waged layoffs along with the rest of the tech industry. YouTube ad revenue is declining, and creator funds for platforms like Pinterest have dried up. It might seem like things are bad on the surface,
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As streaming services continue to hike their prices, cord-cutters have found it harder to manage their growing subscription bills. Hulu was the most recent to announce a price increase, along with Disney+. Netflix has always charged more than its competitors — January 2022 was the most recent time it raised its prices. However, now that
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Generative AI is coming for videos. A new website, QuickVid, combines several generative AI systems into a single tool for automatically creating short-form YouTube, Instagram, TikTok and Snapchat videos. Given as little as a single word, QuickVid chooses a background video from a library, writes a script and keywords, overlays images generated by DALL-E 2 and adds
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Amazon is developing a standalone app for watching sports, according to a new report from The Information. The move signals Amazon’s continued push toward investing in Prime Video and live sports content. If released, the standalone app would better highlight Amazon’s sports content, which is currently included in the company’s main Prime Video platform. The
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Text-to-image AI exploded this year as technical advances greatly enhanced the fidelity of art that AI systems could create. Controversial as systems like Stable Diffusion and OpenAI’s DALL-E 2 are, platforms including DeviantArt and Canva have adopted them to power creative tools, personalize branding and even ideate new products. But the tech at the heart
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If you’re a parent with young children, then you’ll probably hear this a lot on Christmas Eve: “Where’s Santa right now?” With tracking tools like the NORAD Santa Tracker and Google’s Santa Tracker, everyone can know when Father Christmas will arrive. Here’s how to follow Santa’s journey this Christmas Eve. Track Santa Claus with NORAD
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We made it! Another year (nearly!) complete. Go team! The end of the year means many things — holidays, food, family, reflection, etc. Around these parts, it also means it’s time for the TechCrunch Favorite Things list. Each year Team TechCrunch puts together a big list of the things that, when we look back over the
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The latest hit Netflix series “Wednesday,” the “Addams Family” spin-off directed by Tim Burton, has reached a milestone that only “Stranger Things” Season 4 and “Squid Game” managed to accomplish. “Wednesday” surpassed 1.02 billion total hours viewed in just three weeks since its debut, the company announced, with over 150 million households streaming the show.
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