Media companies are in for an expected bad run. Advertising spending is down as much as 11% in the US alone, and is not expected to recover to pre-recession levels when the economy improves. Additionally, the market for content services and DVDs continues to be depressed, with consumer spending falling 4% during the quarter. I
Lately, we’ve been having this conversation often: Have you noticed how CNN sticks in an ad every 3 minutes? Boy, television is getting unwatchable, but for a reason: old media is imploding at a fantastic pace right now. The cost of producing quality content is still high, especially the kind of content that CNN and
San Diego-based Veoh is an internet television service where users can find and watch major studio content, independent productions and other user generated videos. Founded in 2003 by Dmitry Shapiro, who is also the company’s Chief Innovation officer, Veoh began its full beta service in early 2006.
2007 was a not a pleasant year for the Media Industry. Most of the Media stocks including IAC, Walt Disney, News Corp. and Time Warner have undergone correction between 10% to 40%. Except Walt Disney, all other stocks are trading close to at their 52-week lows. Most of the companies have reported below the Street’s
In the world of entrepreneurship, a universally accepted doctrine is doing more with less. In this case study series, I bring you an entrepreneur who has done exactly that. Cree Lawson, founder and CEO of Travel Ad Network (TAN), is our guest this time, and will share his story with all its blood, sweat and tears.
Takkle is a social network for high school sports, where students, athletes, coaches, and fans share their passion. Takkle has a strategic alliance with Sports Illustrated. Takkle allows students to create their profiles and upload their stats, photos and videos for college recruiters. In November 2007 Takkle raised $7 million in venture funding led by
Last week we took a look at Xanga and today we will take a look at hi5, another popular social networking site. hi5 has an Alexa traffic rank of 8. hi5 is more popular globally than it is in the US. It is the number one site in Peru, Dominic Republic, Costa Rica, Ecuador, Portugal,
If you are a regular reader of this blog, you know, I am a huge believer in verticalization of the web. In fact, my entire Web 3.0 thesis is based on this idea. In 2007, we saw the beginnings of verticalization. In 2008, I expect this trend to become rampant in all aspects of the