NBCUniversal and Snap Inc announced Tuesday a joint venture to produce original scripted shows for Snapchat, the social network popular with young audiences.
The two firms will hold equal stakes in a new digital content studio to be based in Santa Monica, California, that will make "made-for-mobile programming to primarily debut on Snapchat," a joint statement said.
The first contentRead more
Comcast Corp's NBCUniversal on Friday disclosed it has taken a $500 million stake in Snap, the messaging service which launched its big public offering this week.
"This is a significant milestone in our growing partnership with Snap, and we look forward to participating in Snap's success as an investor and continuing to work closely with them for years to come,"Read more
NBC News announced Tuesday it was taking a stake in Europe-based media group Euronews, allowing the US group to compete on a global scale in the TV news business.
"For as long as I can remember, at NBC News we've wanted to establish a global reach for our news organization that matches our impact and reputation in the United States,"Read more
NBC News said Thursday it was shutting down its popular Breaking News services for alerts on developing stories at the end of December, citing a lack of revenue.
While Breaking News has a large following in media and government circles and "news junkies" in the US and worldwide and some 9.4 million Twitter followers, the service "has not been ableRead more