Verizon bagged its latest digital media trophy this week, agreeing to pay $4.83 billion to add Yahoo's core online business to its growing digital media empire. The biggest mobile operator in the U.S. will integrate Yahoo with the AOL business it acquired last for $4.4 billion, and the unit will be led by Marni Walden, Verizon's EVP and president of the Product Innovation and New Businesses organization. But there's little evidence Verizon will be able to put all its media and advertising pieces together effectively.
T-Mobile once again added a litany of new service providers to its Binge On offering. And once again, CEO John Legere took advantage of the news to take shots at Verizon's Go90 video offering.
Verizon is doubling down on its bet in digital media, announcing this morning that it will spend $4.83 billion to acquire Yahoo's core online business.
AT&T said 5 million customers have signed up for its bundled offering that packages DirecTV with unlimited wireless service-- which is an encouraging sign for a carrier preparing to leverage its $49 billion acquisition of the satellite TV company.
Verizon hired a former YouTube executive to oversee content for Go90, its OTT mobile video offering targeted at millennials.
YouTube announced a livestreaming feature to its mobile app in an effort to take on Facebook's Live and Twitter's Periscope. And the move may weigh down wireless networks that already struggle with slow uplink speeds.
Facebook is working with T-Mobile to make its video technically compliant with the carrier's Binge On offering, Recode reported late Thursday.
The OTT video company Ellation announced a new multichannel video platform in a move that could pave the way for AT&T to expand its media offerings.
T-Mobile continues to expand its Binge On offering, adding content from PBS, PBS Kids and a few other partners to the zero-rated video service.
Verizon signaled its intention to expand into media in a big way last year with its $4.4 billion acquisition of AOL, which included properties such as The Huffington Post and TechCrunch. And it continues to expand on its media business with the aggressive buildout of Go90, an OTT video offering and mobile advertising channel.