Enterprise

Amazon is acquiring MGM Studios for $8.5 billion

Amazon isn’t giving up on the streaming wars

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Amazon Prime Video is going head-on against Netflix, Apple TV+, and HBO Max. And to get a headstart, the e-commerce giant is acquiring MGM Studios for a whopping US$ 8.45 billion.

The film studio is behind the Rocky, Legally Blonde, and James Bond franchises.  Also included are more than 17,000 TV shows. Once the deal closes, the short-term impact will be unfettered access for Amazon’s Prime Video platform.

Bond is the fifth most valuable movie franchise of all time, with its 24 films to date grossing more than $7bn, behind only the sprawling Marvel Cinematic Universe. MGM’s library includes unscripted TV shows like The Voice and Shark Tank and modern TV shows like The Handmaid’s Tale and Vikings.

It is the second-largest takeover deal ever struck by Amazon. In 2017 it paid US$ 13.7 billion for the upmarket US grocer Whole Foods. Amazon said it’d “preserve MGM’s heritage and catalog of films” and provide customers with greater access to existing works.

However, this transaction isn’t uncommon. Disney’s US$ 66 billion acquisition of Fox assets gave the world’s largest media company the extra content muscle to successfully join the streaming wars with the launch of Disney+. It later went onto acquire India streaming company Hotstar for an undisclosed amount. Back then, Hotstar had close to 400 million monthly active users, and many of them view the free, ad-supported content.

Amazon doesn’t report any metrics about Prime Video’s usage, for instance, and the only reference to content expense is in a footnote to its financial statements. Hence it’s unknown how many active users it has. Since the streaming service is clubbed with Amazon’s e-commerce business, it’s also a very affordable purchase for a user.

“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “It’s very exciting and provides so many opportunities for high-quality storytelling.”

Enterprise

Apple: Leaks are causing wrongly sized iPhone cases

Issues cease-and-desist order

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Leaks have always been an important part of the smartphone cycle. Before a huge smartphone launch, leakers have always found a way to release information before the actual company. Premature information normally doesn’t affect the actual release. However, some companies certainly want to clamp down on leaks. Apple, for one, has always despised leaks. However, the company now has a different purpose for doing so: to prevent wrongly sized phone cases.

Reported by Vice, Apple has issued a cease-and-desist order against a Chinese citizen caught leaking info about upcoming iPhones. The leaker supposedly released prototypes for the devices to the public.

According to Apple, leaks ruin the surprise for consumers especially since they spoil the company’s plans. Additionally, the company says that releasing information outside of Apple’s purview will dupe case manufacturers into making cases of the wrong size especially if the actual products are of a different size.

Historically, Apple has been antagonistic against people leaking company secrets. The company has even filed lawsuits against employees caught smuggling out company secrets. Despite how much hype that leaks can generate for the company, Apple really doesn’t like its leaks.

Currently, there have already been a substantial amount of leaks surrounding the upcoming iPhone 13 series. There have also been hints for next year’s iPhone 14 series.

SEE ALSO: iPhone 14 series might use titanium chassis

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Enterprise

Samsung promises to make foldable phones more mainstream

According to new earnings report

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Ahead of its highly anticipated Galaxy Unpacked event this August 11, Samsung has released its earnings report for the previous quarter. Though the reported figures show some impressive progress for the company, Samsung surprised even more by detailing what it’s planning to improve for the future: making foldable phones mainstream.

The recent earnings report tells two sides of a story. On the one hand, the company declined from the previous quarter by making only US$ 2.8 billion in profit, compared to the previous quarter’s US$ 3.83 billion. Though it’s a considerable decline, it’s not that much of a surprise. The smartphone market has certainly gotten over the hype from the Galaxy S21 series’ launch earlier this year. It’s still quite a sharp decline, though.

On the other hand, the quarter’s figures are an impressive improvement from last year’s earnings from the same quarter. The company only made US$ 1.7 billion in profit this time in 2020, marking a 66 percent YoY increase. Samsung’s bounce back from the horrendous pandemic era is apparent.

The company is attributing the success to its several branches including semiconductors and smartphones. However, to bolster its hold in the smartphone industry, Samsung’s goal is to “mainstream the foldable category.”

Given the company’s plans for the near future, this is indeed true. Samsung’s TM Roh has already confirmed that the upcoming Galaxy Unpacked event will launch more foldables in the Galaxy Fold series, rather than a new Galaxy Note series. Samsung is looking for stronger players in the fairly new market segment.

SEE ALSO: Samsung Galaxy Z Fold 3: Could these be the specs?

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Enterprise

Huawei plummets from top 5 smartphone brands in China

vivo is now the top dog

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Though 2020 was bad for all smartphone makers, it was especially troublesome for Huawei. For years, the American government issued, back away from, and reissued bans that prevented the Chinese company from doing business on the former’s soil. Naturally, the bans were going to affect Huawei. Now, according to a recent smartphone ranking, Huawei isn’t even on the top 5 list in China anymore.

As released by the International Data Corporation, the Chinese smartphone rankings no longer include the once-proud leader of the pack, Huawei. The company has now dropped below the top 5 and lumped together with the “Others” category listed on the rankings.

vivo currently hold the top spot, capturing 23.8 percent of the market share. OPPO isn’t far behind with 21.1 percent of the market. Xiaomi holds the third spot with 17.2 percent of the market, echoing its rise in other rankings. Finally, Apple and newly emancipated Honor round out the pack with 10.9 percent and 8.9 percent, respectively.

All of the top 4 have increased their sales from the previous year, potentially owing to the vacuum left behind by its competitor Huawei. On a similar note, Honor sold considerably less compared its performance last year. The former Huawei sub-brand is potentially still reeling from its time under Huawei’s bans.

Though the company is still planning to release new smartphones soon, Huawei is definitely feeling the crunch from the American bans, resorting to alternatives and in-house solutions to component shortages.

In the meantime, Huawei’s Chinese rivals have moved to fill up the gap left behind by the former leader of the Chinese smartphone race.

SEE ALSO: Huawei P50 series to debut on July 29

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