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Category: ves
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Clearview AI fined in UK for illegally storing facial images
https://www.bbc.com/news/technology-61550776
Facial recognition company Clearview AI has been fined more than £7.5m by the UK’s privacy watchdog and told to delete the data of UK residents.
The ICO says that, globally, the company has stored more than 20 billion facial images.
Clearview AI takes publicly posted pictures from Facebook, Instagram and other sources, usually without the knowledge of the platform or any permission.
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Netflix Animation’s management reboot and cancellations
https://ca.news.yahoo.com/netflix-animation-erased-executives-fired-220251819.html
Phil Rynda, whose official title is Netflix’s Director of Creative Leadership and Development for Original Animation, was let go this week, along with several of his staff, TheWrap can exclusively report and Netflix has confirmed.
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Netflix shares loss may trigger a free, ad-supported streaming
Announcing its Q1 2022 results, the streaming leader revealed that it had lost 200,000 subscribers in the quarter, prompting an investor sell-off that lopped off more than a third of the SVOD’s value in after-hours trading.
Netflix co-CEO Reed Hastings then revealed in an earnings call that the streamer would roll out cheaper ad-supported versions of its service, with plans being explored “over the next year or two.”
https://www.bbc.com/news/business-61173561
Squeezed consumers are cutting back on streaming services to save money, while some feel there is too much content to choose from amid an avalanche of competition from rivals such as Disney and Amazon.
“Netflix’s wider problem, along with the rest of the sector is that consumers don’t have unlimited funds, and that one or two subscriptions is usually enough,” said Michael Hewson, an analyst at CMC Markets.
Netflix remains the world’s leading streaming service with more than 220 million subscribers. It is increasingly producing its own content and shows such as the Crown, Bridgerton and Squid Game have been global hits.
The firm had enjoyed uninterrupted quarterly growth in subscribers since October 2011 but on Tuesday it admitted it was losing customers to rivals, while struggling to expand due to password sharing.
It also said a decision to raise prices in key markets had cost it 600,000 subscribers in North America alone, while its exit from Russia over Ukraine lost it 700,000.
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Rajiv Talreja on retaining talent through quality of life balance
Industrial revolution: people took a job for survival
Information revolution: people took a job for standard of living
Digital social revolution: people are taking a job for quality of life
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Paramount+ reveals new streaming plans
www.bbc.com/news/entertainment-arts-60401124
Streaming service Paramount+ has announced a huge slate of new shows and films ahead of its expansion to countries including the UK this year.
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Matrix co-producer sues Warner Bros. over same-day HBO Max streaming release
www.cnbc.com/2022/02/07/matrix-co-producer-sues-warner-bros-over-hbo-max-streaming-release.html
“WB’s sole purpose in moving the release date of ‘The Matrix Resurrections’ forward was to create a desperately needed wave of year-end HBO Max premium subscriptions from what it knew would be a blockbuster film, despite knowing full well that it would decimate the film’s box office revenue and deprive Village Roadshow of any economic upside that WB and its affiliates would enjoy,”
“The Matrix Resurrections” disappointed at the box office, partially because of its simultaneous release strategy and partially because its target audience is older than the moviegoers who have been most active in returning to cinemas.
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StudioBinder.com – What is an Entertainment Lawyer
www.studiobinder.com/blog/what-is-an-entertainment-lawyer-definition/
Areas Entertainment Lawyers Can Help With
– Navigating contracts
– Protecting Intellectual Property (IP)
– Connecting clients to other industry professionals (lawyers, managers, agents) -
AT&T to Spin Off WarnerMedia in Merger with Discovery
www.awn.com/news/att-spin-warnermedia-merger-discovery
Discovery CEO David Zaslav told CNBC that his goal is to hit “2-, 3-, 400 million homes over the long term” — twice the amount of subscribers currently boasted by Netflix. Even prior to the merger, WarnerMedia’s key holdings – Warner Bros., HBO, CNN, DC Comics, among others – control rights to the kinds of pop culture hits that incentivize subscriptions.
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Streaming Wars – Why Did Netflix’s Value Plunge By Over 20% Overnight
www.cartoonbrew.com/business/why-did-netflixs-value-plunge-by-over-20-overnight-212642.html
Netflix is still leading by some way, with 221.8 million subscribers at the end of 2021. Amazon’s Prime Video had around 175 million active streaming users by Q1 last year, although it is not exclusively a streaming service. Disney+ had 118.1 million subs as of October 2021, and is targeting 230–260 million by September 2024.
Netflix’s stock price fell over 20% in after-hours trading, wiping nearly $45 billion from its market capitalization. … Disney shares are down nearly 6% this morning, Roku around 6%, and Viacom 5%. Anxiety spread as some investors worried about how much more the streaming market as a whole can grow. “They’re saying the streaming wars are over,” Rich Greenfield told CNBC’s Fast Money.
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