I'm pleased to present the 328th edition of the VideoNuze podcast with my weekly partner Colin Dixon of nScreenMedia.
It’s been a milestone week for live-streaming, starting with news that Facebook is spending $50 million with media partners to create content for Facebook Live. Then there was C-SPAN live-streaming the Democrats’ gun protest sit-in via Facebook Live and Periscope after C-SPAN’s cameras were shut down.
Meanwhile, adding more momentum to live-streaming this week, Tumblr announced that it would support live-streaming via YouNow, Kanvas, Upclose and YouTube. And then just yesterday, YouTube announced that it will soon introduce mobile live-streaming within the YouTube app - arguably a catch-up move given Periscope, Meerkat and others already enabling this for a while - but significant given YouTube’s massive scale. Last but not least, game 7 of the NBA finals garnered WatchESPN its largest audience ever for an NBA game, with nearly 1.8 million viewers.
In today’s podcast we discuss Facebook’s live-streaming moves and the industry’s broader opportunity. I continue to be very bullish on live-streaming’s potential and believe we’ll see a lot of interesting applications of it going forward.
Listen now to learn more!
Click here to listen to the podcast (22 minutes, 31 seconds)
Yesterday morning, just after I posted “5 Reasons Why Facebook Spending $50 Million on Live-Streaming Content is So Smart,” C-SPAN’s cameras in the U.S. House of Representatives were turned off by House Speaker Paul Ryan as Democrats began a sit-in to protest gun control legislation not being brought to a vote. But then, an extraordinary thing happened: various Democratic Representatives began live-streaming the protest via Facebook Live and Periscope, with C-SPAN picking up the feeds.
Apple made an important announcement at its recent Worldwide Developers Conference that marks a significant step toward simplifying online video delivery thereby reducing the cost of content preparation. By announcing support for fragmented MP4 (fMP4) within HTTP Live Streaming (HLS), Apple is bringing the industry closer to the realization of a single format for OTT medial delivery. This could save the OTT industry millions in revenue lost from processing their content across the plethora of formats that exist today.
The WSJ is reporting that Facebook has signed deals with almost 140 media companies and celebrities, committing $50 million for guaranteed live-streaming content for Facebook Live. A straight average would value each partner’s deal at over $350K, but as expected, certain partners are getting a disproportionate share.
According the paper, the top 15 providers account for $21.4 million, or almost 43% of the total $50 million. At the top of the list are BuzzFeed ($3.1 million), NY Times ($3 million) and CNN ($2.5 million). I’d guess there are others at the bottom of the list whose deals are in the low 5 figures.
I’ve been enthusiastic about Facebook Live and see at least 5 reasons why the company investing $50 million (which is chump change given 2015 revenue of nearly $18 billion) is so smart: