Confirming the layoffs of 155 Go90 employees, Verizon says the company remains “committed to rapidly enhancing our existing online video products and delivering new products.” “Our focus with go90 and our Verizon digital media efforts are to fulfill our strategy of leveraging Verizon content investments, enhancing user experience and … Read entire story.
Source: Deadline
Longtime ABC head of comedy Samie Falvey is leaving the network to become Chief Content Officer at the premium content service planned by AwesomenessTV and Verizon. The new service, which will be a standalone brand and business wholly-owned by AwesomenessTV, stems from the deal in April, in which Verizon … Read entire story.
Source: Deadline
UPDATED, 5:10 PM: It looks like Verizon has a deal to buy Yahoo. Bloomberg News reports that the communications giant is set to announce Monday that it will pay $4.8 billion for the beleaguered company’s core web business in a deal that includes some real estate. That figure is in … Read entire story.
Source: Deadline
Looks like DreamWorks Animation CEO Jeff Katzenberg made a good bet in 2013 when he bought AwesomenessTV for $33 million. Verizon just agreed to buy a 24.5% stake in the digital programming operation that values the entire enterprise at $650 million — and has big plans to use it for a … Read entire story.
Source: Deadline