Quibi founder Jeffrey Katzenberg ultimately blamed the COVID-19 pandemic for the failure of his short-form video app, but maybe it was just too soon.
In the first quarter of 2024, 66 short drama apps like ReelShort and DramaBox pulled in record revenue of $146 million in global consumer spending.
In March 2024 alone, consumers spent $65 million on short drama apps, a 10,500% increase from the $619,000 spent in March 2023.
In Q1 2024, short drama apps were installed nearly 37 million times, up 992% from 3.4 million in Q1 2023.
Short drama apps claimed a 6.7% share of the total across all three categories combined, up from 0.15% a year ago.
After 10 weeks of being absent from the platform, Taylor Swift’s music has returned to TikTok — or at least her more recent songs and “Taylor’s Version” cuts, since she owns those masters.
Taylor Swift’s music, and music from all artists signed to Universal Music Group, was pulled from TikTok when the two parties were unable to come to a renewed licensing agreement.
UMG framed its refusal to come to a deal with TikTok as a means of standing up for emerging artists.
By selectively removing the music of certain of our developing artists, while keeping on the platform our audience-driving global stars,” UMG wrote.
Her “Taylor’s Version” recordings are back on TikTok, but songs from records like “Reputation,” which doesn’t yet have a “Taylor’s Version,” are still absent from the platform.
TikTok is working towards launching a new app called TikTok Notes that will allow users to post images in an apparent bid to rival Instagram, a service best known for its static-photo sharing feature.
Instagram, of course, has expanded into video and stories itself, taking pieces of other services and incorporating them into its own product.
As is nearly every social service you can imagine.
If it works for one social media service, expect the rest to follow in some manner at some point — probably sooner rather than later.
Expanding a feature set can bolster engaged time, and therefore how much revenue a social media service can earn.
Most notably, the company is rolling out a Spotify integration that will allow podcasters on Substack to sync and distribute all of their free and paid episodes to Spotify’s streaming service.
Plus, the integration will allow Substack podcasters’ existing subscribers to listen to paid episodes on Spotify.
Podcasters on Substack can set up a Spotify integration by going into their podcast settings, opening the Spotify dropdown, and then clicking the “Sync to Spotify” option to create a new feed with all current and future episodes.
Paid episodes are labeled with a padlock, and listeners need to link their Substack account to Spotify to listen to paid episodes directly on the streaming service.
Substack plans to make this data accessible via a creator’s Substack podcast stats page in the future.
If the decisions made by corporate boards of directors can indicate where a company wants to be focusing, Amazon’s board just made an interesting move.
The company announced on Thursday that Andrew Ng, known for building AI at large tech companies, is joining its board of directors.
And given the AI whiplash that every big tech company is currently dealing with, it feels timely that McGrath is stepping away from the board now.
To stay at the forefront of the tech industry, Amazon will be looking for better thought leadership on the next steps in its artificial intelligence strategy.
It’s worth remembering that Amazon has been a leading player in AI for a long time.
Announced earlier this year, Roku revealed today that its Pro Series TVs, the lineup of high-end televisions, are now available for purchase in the U.S.
Starting today, Roku Pro Series TVs are being sold at Best Buy stores and online at BestBuy.com, Amazon.com, and Walmart.com.
Compared to the Roku Select and Roku Plus Series TVs, which were the first-ever Roku-branded smart TVs that launched in 2023, the Roku Pro Series has a slimmer design that can be flush mounted to the wall.
Like the Roku Plus TVs, the Pro Series has HDR10+ and Dolby Vision for a cinematic viewing experience, as well as 4K QLED displays and local dimming.
In addition to the Pro Series launch, Roku announced new software updates coming to all Roku TVs that aim to enhance the viewing experience.
Gemini 1.5 Pro, Google’s most capable generative AI model, is now available in public preview on Vertex AI, Google’s enterprise-focused AI development platform.
Gemini 1.5 Pro launched in February, joining Google’s Gemini family of generative AI models.
Gemini 1.5 was incredibly able to find the specific perfect 50 dunk and details from just its long context video understanding!
Gemini 1.5 Pro doesn’t process a million tokens at the snap of a finger.
Google previously said that latency is an area of focus, though, and that it’s working to “optimize” Gemini 1.5 Pro as time goes on.
On Tuesday at the Google Cloud Next customer conference in Las Vegas, Google introduced a new AI-fueled video creation tool called Google Vids.
At Google Cloud Next, we’re unveiling Google Vids, a brand new, AI-powered video creation app for work,” Aparna Pappu, VP & GM at Google Workspace said, introducing the tool.
Examples of the kinds of videos people are creating with Google Vids include product pitches, training content or celebratory team videos.
Like most generative AI tooling, Google Vids starts with a prompt.
Along the way colleagues can comment or make changes, just as with any Google Workspace tool.
Uber Eats is launching a TikTok-like short-form video feed to boost discovery and help restaurants showcase their dishes.
With this launch, Uber Eats now joins numerous other popular apps that have launched their own short-form video feeds following TikTok’s rise in popularity, including Instagram, YouTube, Snapchat, and Netflix to name a few.
The new Uber Eats short-form videos are visible in carousels placed across the app, including the homescreen.
Verma also shared that in order to further support merchants, the company has revamped its Uber Eats Manager software and added personalized growth recommendations.
Uber Eats announced today that it now has more than one million merchants around the world on its platform, across 11,000 cities in six continents.
Apple updated its App Store rules Friday to allow emulators for retro console games globally with an option for downloading titles.
Apple’s update will probably encourage some of those developers to bring their emulators to the App Store.
With Apple having to tweak App Store rules because of regulations, these kinds of games would provide another revenue stream for the company.
Plus, it updated App Store rules at that time to support in-app purchases for mini-games and AI chatbots.
“Apps may offer certain software that is not embedded in the binary, specifically HTML5 mini apps and mini-games, streaming games, chatbots, and plug-ins.
