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Streaming music has become Warner Music’s biggest business

Streaming music has become Warner Music’s biggest business
recode.net — Another milestone in the music industry's shift to streaming: Revenue from the streaming business has become Warner Music Group's biggest business. The company announced that money from services like Spotify and Apple Music was the single biggest source of recorded music revenue in the first quarter of the year, surpassing both phyiscal sales and sales of digital downloads.

Disney willing to bet big on MLB’s video streaming unit

Disney willing to bet big on MLB’s video streaming unit
recode.net — Last month we told you that Disney would like to invest in BAM Tech, the video tech business that pro baseball's MLB Advanced Media unit would like to spin off. It still does. Here's a brief update: Disney is willing to write a very big check to buy into BAM Tech.

TFW you realize the robot you trained is going to take your job

TFW you realize the robot you trained is going to take your job
cnbc.com — That said, many former employees suspect that Facebook's eventual goal is to replace its human curators with a robotic one. The former curators Gizmodo interviewed started to feel like they were training a machine, one that would eventually take their jobs. Managers began referring to a "more streamlined process" in meetings.

Facebook employees worry that they’ll be replaced by robots

Facebook employees worry that they’ll be replaced by robots
recode.net — Facebook is an enormously successful company that uses software to convince its users to give it content that it can distribute to other users, who will engage with the content and hopefully click on an ad, or at least generate more content for Facebook.

Amazon hires exec to run new sports group

Amazon hires exec to run new sports group
recode.net — Heads up, ESPN: Amazon wants to get into sports on the web. The giant retailer, which tried but failed to land a deal to stream live NFL games, wants to stream other sports via its growing web video operation.

Vimeo buys VHX to build up its fledgling video subscription business

Vimeo buys VHX to build up its fledgling video subscription business
recode.net — Vimeo, the video service that launched a feature that let video-makers sell subscriptions to their stuff last year, has acquired VHX, a video tools startup that launched a feature that let video-makers sell subscriptions to their stuff last year. If you follow the business of indie video distribution very closely, you will know the difference between the two feature sets.

Digiday Media launches Glossy to cover the fashion business

Digiday Media launches Glossy to cover the fashion business
recode.net — Pop quiz: What do digital publishing and the business of fashion have to do with each other? Trick question: Not that much! That's why the people behind Digiday, the very smart publication that makes money covering ad blocking and declining CPMs, is launching Glossy, a new publication that covers Ralph Lauren's internet-connected fitting rooms and Sephora's face-scanning, make up-recommending gizmo.

Fox and Disney want to sell their own web TV bundle, via Hulu for $40 a month

Fox and Disney want to sell their own web TV bundle, via Hulu for $40 a month
cnbc.com — On the other hand, this one is different than all of the other web TV packages that people have been trying to put together - because this one is being created by the people who make and sell TV.

Fox and Disney want to sell their own web TV bundle, via Hulu, for $40 a month

Fox and Disney want to sell their own web TV bundle, via Hulu, for $40 a month
recode.net — The TV industry has been waiting - and waiting - for big, deep-pocketed tech giants like Apple and Amazon to start competing with the likes of Comcast and Time Warner Cable by selling their own "over the top" bundles of TV channels.

Tech writer Steven Levy is in talks to leave Medium and head back to Conde Nast

Tech writer Steven Levy is in talks to leave Medium and head back to Conde Nast
recode.net — Tech journalist Steven Levy is on the move. The veteran writer is in talks to bring Backchannel, the tech hub he started for Medium in 2014, to Conde Nast, the publisher whose Wired magazine had previously employed him. Conde and Medium are also talking about a broader deal that would allow Conde to distribute some of its content on Medium's publishing platform/network.
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May 06, 2016

RT @Recode: San Francisco on the cheap: Tickets to this Clinton fundraiser start at $45 on.recode.net/1TvNfGa by @DawnC331 pic.twitter.com/68LS4xd8XcLS4xd8Xc

May 06, 2016

RT @keachhagey: Sumner Redstone's testimony is testing the decency standards of this family newspaper.

May 06, 2016

BLAM! me and wirecutter CEO @blam on Facebook live, in a minute. Over on Facebook, Twitter peeps. pic.twitter.com/COBi3M3mku

May 06, 2016

They limped into the finish line but still a great run. Since none of you watched, go binge the re-runs on Amazon. twitter.com/poniewozik/sta…

May 06, 2016

Also: Warner Music is angry at YouTube! Also: Warner Music is happy YouTube is promoting its music! twitter.com/Recode/status/…


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