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Walmart reportedly ditches planned streaming service to focus on Vudu
Walmart has abandoned its plans to launch a new streaming video service, according to a report from CNBC. Instead of throwing resources behind a new product, the company will instead focus its attention on expanding its existing video platform Vudu. In response to the report, Walmart told Variety that Vudu is its focus but "to say that we aren't thinking about different ideas often would be false."
Spotify officially returns to Roku devices
As expected, Spotify has officially returned to Roku's streaming platform. The music streaming app will be available on most Roku players and TVs running Roku OS 8.2 or higher. Access to the service starts today and will roll out to all supported device by the end of the year, according to Roku.
Microsoft on the hunt for original programming head, eyes ex-NBC execs
It's not MSNBC, it's MSex-NBC. Or it very well could be, as Bloomberg reports a second marriage of sorts is purportedly on deck for Microsoft and two former Peacock execs, Marc Graboff and Jeff Gaspin. Redmond's already made public plans to expand its Xbox Live streaming platform beyond VOD and into live TV, having announced a trio of content partners at this year's E3, so news of an in-house original programming push comes as no surprise. While it remains to be seen just what types of series, scripted or otherwise, are in the works, the company appears willing to press pause on the entire initiative should a suitable candidate fail to materialize. That's all the rumor mill's wrought for now, folks, but we'll keep you posted on this as it develops. And no, a certain Ms. Maddow likely won't be coming soon to an Xbox 360 near you.
Spotify reported to have 175,000 paid-up Americans, valued at $1.1 beeellion
Seems like America's doors are still wide open to new musical immigrants, because Spotify's stateside foray has just boosted its overall valuation to $1.1 billion. That's based on its two most recent investment rounds, which racked up another $100 million from new and old investors who are clearly convinced that the streaming platform can carve out a niche between existing rivals like Rhapsody and new entrants like Google Music and iCloud. Meanwhile, AllThingsD are reporting figures from an unnamed source who says that the London-based company now has 1.4 million US subscribers, of which 175,000 are coughing up $10 per month for premium features like mobile access. If accurate, that equates to a conversion rate of 12.5-percent -- not quite as high as the 15-percent it achieved in Zamunda Europe, but still impressive.
