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Viacom Agrees to Acquire Ad-supported Streaming Service Pluto TV

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Viacom, on Tuesday, has revealed that it has agreed to buy the Los Angeles-based, video streaming service, Pluto TV, and will be paying $340 million in cash for the acquisition.

The streaming service was founded by Pluto Inc. in 2013, which is a multiplatform service. It works like an app and runs over devices like Apple TV, Android TV, Amazon Fire TV, Chromecast, Roku, and PlayStation consoles. The Internet-based service does not require any cable connection and streams more than 100 channels. It also supports on-demand content like movies, sports, news, comedy, cartoons, gaming, etc.

viacom
Image Source: utaunhp.info

The acquisition of this ad-supported service is an initiative from Viacom, through which the company will enter into the wireless video streaming business and cut the cord for the consumers. With the takeover, the company will also get the chance to negotiate with the other pay-TV distributors and expand its own presence in the streaming TV business as well.

The owner of MTV, Comedy Central and VH1, Viacom, has seen a fall in its profits by 50% in the past five years, so the decision to acquire a streaming service might prove as great help for the company, since right now it needs to be relevant to the current trends to remain in the business.

The CEO of Viacom, Bob Bakish, said in a statement, “As the video marketplace continues to segment, we see an opportunity to support the ecosystem in creating products at a broad range of price points, including free.”

Having over 12 million monthly active users, Pluto TV, automatically, will provide Viacom with direct access to millions of consumers. After completion of the acquisition, the company also plans to add a premium, free service for broadband-only and other subscribers.

Pluto TV will be operating as an independent subsidiary of Viacom, and the current CEO of the company, Tom Ryan, will serve as the same, even after the acquisition. The transaction may close in the first quarter.

France Fines Google €50 Million Upon Failing the GDPR Directives

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Due to the data breach allegations, 2018, proved to be an unfavourable year for tech giants like Google and Facebook. Now again Google is having troubles with the same issues as French regulators have fined Google nearly US $57 million for violating Europe’s tough new data-privacy rules.

Google
Image Source: marketingland.com

This is the first time when the European regulator has put such a huge amount as fine to a U.S. giant company since the regionwide regulations took effect last year.

CNIL, France’s top data-privacy agency, reported that Google has failed the tough new regulations, that were implemented last year in May, resulting in major data violation. It also said that Google was unable to explain how and why it was collecting the users’ data, and how the users could control the permissions.

Although seemingly, the amount looks huge, according to the GDPR rules, for a more serious offence, the fine will be maximum of four per cent of the annual global turnover of the offender.

A spokesperson form Google said, “People expect high standards of transparency and control from us. We’re deeply committed to meeting those expectations and the consent requirements of the GDPR”.

Soon after the GDPR regulations came into effect last May, two advocacy groups lodged complaints against Google, saying that it is difficult to understand and manage the preferences on how Google is using their personal information.

To file the complaint, almost 10,000 members from France’s Quadrature du Net group had signed an agreement against Google’s data consent policies. The None Of Your Business group also complained upon the tech giant against the forced consent its apps and software put on the users.

Since GDPR has been applied to the web, every tech company need to follow the same in order to run their services in the European region. Having faced a number of data breach charges last year, Google has been working on its data privacy regulations. Even though this time again it has failed the same to some extent, the company still has time to rectify these violations.

Facebook Adds Petition Feature to its Feed, to Focus on the “Things” that Really Matters

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The Facebook page feature has made people create their business pages, and due to ease of accessibility, many government organisations also have created their own FB pages, where they regularly post news and other daily important announcements.

Facebook
Image Source: TechCrunch

Now as FB has been a powerful platform to gather people for some real potential topics too, starting from today, FB is rolling out a new Community Action feature on it, to help people request a change from their local officials and government.

Tech Crunch reported on Sunday, “Community Actions will be a petition feature in Facebook’s News Feed and reach users in the US on Tuesday and other markets later.”

With the help of this petition feature, people will be able to initiate an agenda and can discuss the same with a wide community to gather support from other people too. They can even tag the local authorities to attract their attention to the subject matter.

People can create a proper post having a title, image, description, related to that topic, and others can press the support button as the patron to the agenda. They can also organise fundraisers as well as events with the same feature, and the people can discuss the agenda in the comment section of the post.

Although Facebook already supported similar features before, this time it is entirely focussed on involving the major social concerns relating to the government. The extended the support to the petition the higher the chances of getting the government to the matter sooner.

Facebook right now is working on how to make this feature more authentic and not absurd, so that the real issues will get the attention instead of some fake news or some random stuff. Although the petition might not be able to cause big agendas and tag the President, people can get the state representatives to see through the issue. The feature is currently available to the US citizens only. Facebook has reported that it did a few rounds of testing with the feature and till now, it has done quite well.

Coinstar & Coinme Partners to Provide Bitcoin Purchase through Grocery Kiosks

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The America based coin-cashing machine maker, Coinstar, is now ready to offer bitcoin on the coin-counting kiosks at various grocery stores for easy cryptocurrency purchases. Yes! The company has partnered with the Seattle based Bitcoin ATM producers, Coinme, in order to enable people to buy Bitcoins at the grocery stores.

coinstar-kiosk
Image Source: bitcoinerx.com

Coinme is the first licensed Bitcoin ATM operator in the US, having a number of crypto ATMs in the parts of the 11 states, and Coinstar, too, operates a network of thousands of kiosks in the states. People usually use those kiosks to convert their change into bills or gift cards for easy shopping. But now with the same machines, people will also be able to buy Bitcoins.

Coinstar CEO Jim Gaherity, said, “Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks, and Coinme’s innovative delivery mechanism along with Coinstar’s flexible platform makes it possible for consumers to easily purchase Bitcoin with cash.”

Last year, Coinstar had joined its hands with Seattle based startup doxo, enabling people to pay bills at the Coinstar kiosks. The company also added the Amazon Cash deposit capability to it.

Coinstar will charge a particular fee, to its users for every purchase. They will be able to purchase bitcoin worth $2,500 and will also get vouchers on transactions through the machine. They can easily redeem the vouchers at the official website of Coinme.

Although the charges the Bitcoin ATM machines put on every transaction is too high, but people still find it more convenient. And expectations are that they won’t mind paying the hefty charges on buying Bitcoins through the Coinstar’s kiosks, due to the convenience it is going to provide. For now, the machine will only have the support for purchasing the Bitcoin over cash. In future, it may have the options for credit cards and digital money, too.

Initially, the company will have its cash-counting-cum-Bitcoin machines installed at a few selected stores of Safeway and Albertson, in California, Texas, and Washington. Coinme has also added in their announcement on their website that in future, their partnership with Coinstar will result in thousands of places to buy Bitcoin.

Ford Goes Electric with its Utility Vehicles; Plans to Bring 40 Electric Vehicles by 2022

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At the Deutsche Bank Global Auto Industry Conference (2019), the American multinational automaker Ford announced that it’s going to electrify its most popular F-Series pickup trucks. The rising fuel price has encouraged the company to enter into the business of electric vehicles, and it has been working towards the plan for past one year.

Ford f-150
Image Source: businessinsider.com

Last year, Ford had announced that it has the plans of producing 40 electrified vehicles, by 2022, with an investment of over $11 billion. According to the company, it will manufacture 16 fully electrified vehicles and 24 hybrid vehicles. It has already launched an all-electric CUV with 300 miles of range, under the same program. The early versions of the F-series pickup trucks, including the latest F-150, are going to be the hybrid ones. Those hybrid vehicles may have their fully-electrified versions launched in the coming years.

Jim Farley, Ford’s president of global markets, said, “We are going to electrifying the F-Series with battery electric and hybrid, and we are doing the same for Transit. We launched a PHEV version of Transit, and that will be on a journey of electrifying Transit globally.”

Last year, the company had sold millions of the F-series trucks, and its popularity made Ford initiate the experiment with the same. Since it won’t be fully-electric, there is the least scope of failure.

Farley added, “We have the F-Series, the world and America’s best-selling truck. More than a million units were sold last year. F-Series core strength at the end of the day is: There’s a truck for every customer, and we know those customers really, really well. From the F-150 all the way to the F-750. They all matter to us.”

Tesla is the biggest electric vehicle manufacturer and has been giving tough competition to other automotive companies. But it is more inclined towards the production of luxury cars. Although Tesla and Rivian have also come up with their electric trucks, Ford being an oldie and an expert in the manufacturing of heavy motor vehicles, like trucks and utility vehicles, knows how to build a product that will appeal to people from every class.

Netflix Rising Prices for its US Subscribers

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The popular streaming service Netflix, on Tuesday, announced that it is going to raise the subscription fees for its new users, starting from the 1st February 20019, and will be doing the same for its existing subscribers after three months. The price rise will be between 13 to 18 per cent of the present plans, which is the highest, in more than two decades of its functioning.

netflix
Image Source: worldtvpc.com

Netflix’s cheapest monthly subscription plan is of $7.99, which now will be $8.99, and the most popular plan of Netflix, streaming HD on two different devices, currently costs $10.99 for a month’s subscription, will be raised to $12.99. Also, the four devices plan, the premium plan for 4K streaming, will be raised from $13.99 to $15.99 per month.

The reason Netflix gave for the rise in the prices is that it has been investing a lot in its original series’. The hike in the subscription plans will help it financially to focus more on the original programming.

“We change pricing from time to time as we continue investing in great entertainment and improving the overall Netflix experience,” a representative at Netflix, said.

Currently, more than 58 million people are subscribed to Netflix in the US only, and the last hike it had put on the subscription fee was in 2017. But this time the price rise is way higher, that may attract some criticism. Also, the raised cost may affect Netflix’s new subscribers, and it may face a number of cancellation from its existing users.

In 2011, the company had divided its movie rental service, leading to two subsequent services, one had the movie streaming over the internet, and the other was the DVDs in the mail service. This had caused a lot of criticism, and Netflix lost over 80,000 subscribers at once. At the same time, Netflix’s stock price also had dropped 77 per cent in just four months.

“The Black Mirror”, “Orange Is The New Black”, “Stranger Things”, and now “BirdBox”, Netflix has been providing with unique quality content over the years, and for keeping up with the competition, the company is pushing its limits. Raising the prices will certainly work well for Netflix, but are the users ready to pay that much?