Digital

CBS Sports has launched Champions League, a 24-hour streaming channel with nonstop goals and highlights from the flagship UEFA Champions League soccer club games out of Europe. The FAST channel featuring current season and historic game recaps will debut for free on Pluto TV and on connected TV sets through the CBS Sports app.

Canceled by Disney before it even aired, The Spiderwick Chronicles found a new home at Roku and has so far “delivered results beyond expectations,” its creator says.

Netflix is investing in Leanne Morgan. The streamer has handed out a 16-episode, straight-to-series order for an untitled multicamera comedy starring the stand-up comedian. Comedy kingpin Chuck Lorre (Big Bang Theory, Two and a Half Men) co-created the series alongside Morgan and Susan McMartin.

Netflix’s 3 Body Problem delivered its second straight No. 1 showing among streaming titles, leading the rankings for the last week of March. The acquired series top 10 had several new entrants, thanks in part to a change in how Nielsen reports the numbers.

Google and YouTube parent Alphabet blew away Wall Street estimates with revenue up 15% to $80.5 billion driven by strong ad growth. The company also announced a major milestone, its first ever dividend of 20 cents a share in June. The stock is up more than 12% after market close. During a call, CEO Sundar Pichai said YouTube TV has more than 8 million subscribers, a stat YouTube CEO Neal Mohan noted in February.

Roku posted solid first-quarter financials, with positive results in several key metrics illustrating the benefits of ongoing price inflation in the streaming sector. Net losses totaled 35 cents a share, far better that Wall Street analysts’ consensus estimate of 62 cents and much narrower than the $1.38 recorded in the year-ago quarter. Revenue of $754.9 million fell significantly short of the Street’s expectation for $848.6 million, but the company notched its third straight quarter of positive Adjusted EBITDA and free cash flow.

Shares of Snapchat parent Snap popped 26% in late trading after the social media network said revenue jumped more than expected last quarter to $1.95 billion, up 21% from 2023. The number, and the outlook for the current quarter were nicely above Wall Street forecasts, as were daily active users, which hit 422 million.

League is advancing toward lucrative deals with incumbent partners and is in talks with tech giants as well as NBCUniversal.

Following years or analysis and months of vetting, the Media Rating Council has released an update of the invalid traffic (IVT) guidance for third-party measurement firms used by advertisers to avoid buying fraudulent ad inventory. The update, which began when the MRC began considering the impact of various browser and publisher privacy compliance updates a few years ago, expanded into other areas including new variants of domain spoofing, as well as property-level reporting due to the explosion of new questionable forms of publishing, especially so-called made-for-advertising (MFA) sites.

Heading into the upfronts, Warner Bros. Discovery said it launched Olli, a first-party data platform advertiser can use for converged, targeted advertising campaigns. Media agencies IPG Mediabrands, OMG and RPA and retailer Wayfair are the first to use the platform, which enables campaign planning activation and measurement across Warner Bros. Discovery’s portfolio of content and brands, the company said.

Major internet providers once again will have to abide by a set of robust rules of the road, prohibiting them from blocking or throttling traffic, as the FCC today reinstated net neutrality regulations. The commission voted 3-2 along party lines to adopt the rules, which broadly prohibit Comcast, AT&T, Verizon and other providers from favoring some types of internet traffic over others. The latest net neutrality rules resemble those adopted in 2015, when the FCC voted to reclassify internet service like a common carrier, or the same regulatory designation given to phone service.

Meta Platforms earned $12.37 billion, or $4.71 per share, in the January-March period. That’s up from $5.71 billion, or $2.20 per share, in the same period a year earlier. Revenue rose 27% to $36.46 billion from $28.65 billion. Analysts, on average, were expecting earnings of $4.32 per share on revenue of $36.14 billion, according to a poll by FactSet.

Digital media data and analytics company DoubleVerify has received accreditation from the Media Rating Council for Video Viewable Impressions for connected TV (CTV). The company says this will help identify issues with advertisements that have run or played when TV sets are off.

The industry trade group Adds Cintia Gabilan, VP of Media Center; Arlene Mu, assistant general counsel, and Nadine Karp McHugh, executive in residence.

Tubi, Fox’s free, ad-supported streamer, has partnered with British streaming service DAZN to add new channels featuring live and recorded women’s football, or soccer, as its known in the U.S., as well as boxing and MMA.

With the augmented reality advertising market expected to reach $14.5 billion in 2027 (up from $3.4 billion in 2022), the Interactive Advertising Bureau and the Media Rating Council have added game creator Niantic’s Rewarded AR ads technology to the set of ad industry measurement guidelines that both companies first released in February. “The Augmented Reality advertising market is projected to generate $1.2 billion in revenue in the U.S. this year,” explained Zoe Soon, vice president of IAB’s Experience Center, in February, adding: “Thus, as an industry, we need to establish a greater consistency on how we define and measure AR advertising to foster fairness and transparency for buyers and sellers.”

The TikTok legislation was included as part of a larger $95 billion package that provides foreign aid to Ukraine and Israel and was passed 79-18. It now goes to President Joe Biden, who said in a statement immediately after passage that he will sign it Wednesday. Pictured: A TikTok content creator, speaks to reporters outside the U.S. Capitol on Tuesday, April 23, as Senators prepared to consider legislation that would force TikTok’s China-based parent company to sell the social media platform under the threat of a ban, a contentious move by U.S. lawmakers. (Mariam Zuhaib/AP)

Streaming video might have made the turn from a go-go industry to a mature business, according to a new report from MoffettNathanson senior research analyst Michael Nathanson. Looking at data from HarrisX, Nathanson noted that streaming penetration dipped to 84% in the first quarter from 85% in the fourth quarter of 2023. “Whether this marks a new plateau or whether there is additional room for streaming to increase its penetration will be a key question for investors going forward,” Nathanson said.