Amazon has cut dozens of engineers from its consumers hardware unit in recent weeks and has stretched out its timeline for future smartphone development indefinitely, according to the Wall Street Journal, a sign that last year's Fire phone flop is coming back to bite the retailing giant.
Updated: YouTube's answer to live-streaming game site Twitch is now live: YouTube Gaming is available in every country in which the top OTT video site operates, Ars Technica reports.
Online video streaming devices are present in 21 percent of U.S. homes, a 13 percent increase over the past year, new research from The Diffusion Group has found. Further, a Parks Associates study revealed that four brands make up 86 percent of all streaming devices sold: Amazon, Apple, Google and Roku.
Amazon's CTO of devices left the company to join the Google unit that works on advanced research projects, according to a Re/code report, the second time he left the online retailer in the last year.
By the end of the summer, Netflix will run all of its IT services in the public cloud. The SVOD provider said it is shutting down its last data center soon, the culmination of an initiative that began seven years ago.
Revenue generated through ad-based music streaming is set to exceed $1 billion (€902 million) in 2017, despite declining numbers of players offering 'freemium' services.
A group of large technology companies including Apple, Amazon and Microsoft are asking the FCC not to move forward with plans to regulate online video operators as MVPDs.
Amazon posted a surprise profit of 19 cents per share in its most recent quarter, blowing away analyst expectations that it would report a loss of 14 cents a share. The news sent the company's stock soaring 19 percent in after-hours trading immediately following the release of the company's results.
Retail and online video streaming giant Amazon once again surprised analysts, this time by doing something it hasn't done in several quarters: posted a profit. Revenue for the second quarter jumped 20 percent year over year to $23.2 billion, with a profit of $92 million, coming to 19 cents per share.
How are online video providers faring against established distributors like Comcast and Verizon FiOS? As the OTT and traditional pay-TV industries increasingly mesh together, Fierce has likewise been reporting these companies' quarterly earnings side-by-side.