Here’s an overview of what has been happening in the video world over the last week, with highlights from Intel, Amazon, Apple and Prosiebensat.1. To stay up to date and have the latest industry news and insights delivered straight to your inbox, sign up for the weekly VAN newsletter.
Intel Looking for $500 Million for Its TV Service
Intel is thought to be looking forbout $500 million for OnCue, the online pay-TV service that the world’s largest chipmaker developed before making a hasty retreat after it struggled to tie down content deals. Bloomberg report that Intel is seeking secure a sale by year-end. One suitor it thought to be Verizon Communications, who has begun talking with owners of broadcast and cable channels about terms for a streaming TV service.
Amazon Launches Instant Video in Japan
Amazon Japan launched its ‘Instant Video’ online platform in Japan on Tuesday, offering 26,000 importanted and local films and TV shows for streaming, download rental and purchase, with content from all the local major studios and TV networks.
Apple Fuels TV Rumours with Acquisition of Primsense, the Company Behind Microsoft’s Kinect
Apple has bought PrimeSense, an Israeli company that develops of chips that enable three-dimensional machine vision, in a deal that is thought to be worth approximately $350 million, according to the BBC. Primsense’s gesture-controlled technologies could be used in the rumoured TV set.
Prosiebensat Buys Songtexte, a German Music Site
Prosiebensat.1, a German media group, has bought Songtexte, a German music site, in deal aimed at boosting its music streaming service Ampya. Songtexte provides English and translates lyrics. ProSieben purchased the site from Liechtenstein-based operators Netdo Establishment for an undisclosed sum, and Songtexte.com claims to have 2.61 million unique monthly users.
UK Multichannel Broadcasters Grow Revenues to £5 billion
The UK’s multichannel broadcasters have grown their revenues to £5 billion, overtaking the BBC and the commercial public service broadcasters, according to a new report compiled by Communications Chambers, a media consultancy, who carried out a study on behalf of the Commercial Broadcasters Association (COBA).