Time Warner and Snap Inc. have announced a new deal that will bring increased ad spending and the development of new made-for-Snapchat shows. People familiar with the deal tell TechCrunch that the deal is valued at about $100M spent over the next two years. The newly created shows will span a variety of genres, including scripted drama, daily news shows, documentaries and comedy. The shows will… Read More
Vice Media has raised $450M in new funding from private-equity firm TPG, with a deal valuing the media company around $5.7 billion post-money. Shane Smith, co-founder and CEO of Vice was just on CNBC answering questions about the funding and Vice’s plans to eventually become a public company. While remaining cryptic, Smith did note that this raise is “what we would do if we were… Read More
The U.S. Department of Justice has opened an investigation into Uber’s use of Greyballing, we get the first look at the rumored Amazon Echo device and Facebook shuts down its VR filmmaking division. All this on Crunch Report. Read More
Snapchat will no longer show that annoying white border around old photos that you share from Memories. Previously, if you shared a photo from Memories that was more than 24 hours old it would have a white border around the image. While Snapchat’s goal was to remind viewers that this older content wasn’t truly ephemeral, the ugly border ended up annoying users who didn’t… Read More
Facebook has long pushed that it is merely a means for others to distribute content they've created. But now Facebook is effectively killing its own argument. The post Facebook’s Officially a Media Company. Time To Act Like One appeared first on WIRED.