Tech

Sprint Buys 33% Of Jay Z's Tidal For A Reported $200 Million

Sprint Buys 33% Of Jay Z's Tidal For A Reported $200 Million Via (@Forbes) Read more: #Linkinbio #YesImaRebel

A photo posted by YesIMaREBΞL (@yesimarebel) on

Jay Z is selling one-third of his Tidal streaming service to Sprint for $200 million, according to a report released earlier today by Billboard.

As part of the deal, Tidal will become available to Sprint's 45 million customers;  Sprint's CEO Marcelo Claure will join Tidal's board of directors. Jay Z and the artist who invested will retain stakes in the company; the agreement also calls for a $75 million fund dedicated to musicians' exclusive releases.

Instagram To Launch Live Streaming in The U.S.

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back in November Instagram announced its Live video broadcastinng which allow users to show your followers what you’re up to in real-time, and also let users browse for Live videos happening at this very moment as selected by Instagram algorithmically. 

The Live features live in Instagram Stories, and you can get to them by swiping into the Stories camera area and then tapping the toggle to enter “Live” mode. Live videos aren’t stored on your Instagram, in Stories or otherwise, meaning your followers can only see them while you’re actually broadcasting.

That’s the key difference between Instagram’s live video and that offered by Facebook. Is that it will disappear in like Facebook.

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Instagram also has a new way to find live streams to watch – under the Explore tab there’s a new “Top Live”

check your Instagram app for updates with in the next few days  to go live or catch some broadcasts.

 

 

R.I.P. Vine

Photo Illustration by The New York Post

Photo Illustration by The New York Post

According to BBC News, Twitter has announced that it will be shutting down Vine after only four years of duration. Vine is a social media app that allows six second videos played on a loop. Although it is not exactly sure why Twitter will be ending Vine's services, there was reported a 9% employment drop in the company due to decreasing usage of the video app this year. This could be due to social mediums like Snap Chat and Instagram adding video usage to their already growing market of social network. Twitter will be closing Vine altogether within the upcoming months giving Vine users the opportunity to download and save their already established vine videos. 

Representatives of the video app released a statement saying, "We’ll be keeping the website online because we think it’s important to still be able to watch all the incredible Vines that have been made. You will be notified before we make any changes to the app or website." So vine users will be able to view vines created from years ago but will not be authorized to upload any new vine videos once Twitter closes the app. 

Vine was one of the first and forever popular video media apps to be discovered. The question at hand is: Will Twitter combine Vine's features with it's own to improve the Twitter app? Given other social platforms, the idea doesn't sound bad and could potentially grow the usage of twitter as a whole. Although Vine could not uphold to the liking of Snapchat and the new video features on instagram, Vine has produced a number of elite vine users known as "Vine fmaous" celebrities such as DC Young Fly from Wild N'Out, and King Bach.

Google acquires FameBit to connect YouTube creators with Brands

Google just announced that it has acquired FameBit, a marketplace that connects video creators with marketers who want to sponsor their content. The financial terms of the deal were not disclosed.  CEO David Kierzkowski and his co-founder Agnes Kozera said the platform has been used to 25,000 branded videos, and that FameBit will run as “a standalone operation” for now. 

This could be an important step for Google’s YouTube, where monetization has been a recent concern. YouTube has been working to provide more support on this front through its partner program, but we’ve also seen the growth of multi-channel networks that creators join up with for ad sales and business resources.

FameBit was backed by Los Angeles startup studio Science, Inc. In a article published by Tech Crunch Kierzkowskiexplainedhow the marketplace is focused on “long- and mid-tail creators,” not just the big YouTube stars who get most of the attention from MCNs.