In launching Next Issue Canada, the company is hedging its print media bets on a pricing and consumption model that is dramatically changing the face of television.
The majority of funding goes to 15 projects in development, while $1.9 million in marketing funds goes to six interactive projects, including Skyreader Media’s Skyreader Studio platform and Magnify Digital’s Alert-TV+.
Despite a year-over-year fall in TV subscribers, the media giant secured higher distribution revenue from its Sportsnet properties and higher sales at the Shopping Channel.
Working with YouTube, the original digital content studio will create a hub for online creators to produce next-gen content.
The cross-platform branded entertainment upstart will also have industry veterans Christopher Grimson and James Hyslop as founding partners (UK pictured).
The consulting firm projects the North American electronic home video market will be $14.8 billion in 2017, bigger than the theatrical film market’s $13.5 billion.
The Stream conference keynote speaker (pictured) talks about technology as a behaviour space, and content that attacks and pleases the senses.
A key message that emerged from the organization’s conference, held earlier this month, was that Canadian creators must focus on their end-user instead of a tech “wow factor.”
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