Will Tech Take Hollywood?

Technology is giving Hollywood a run for its money.

It’s happening fast. Recently:

  • Apple hired away from Sony Pictures Television a pair of executives to oversee its entertainment efforts;
  • Facebook made its first-ever long-form original-series orders;
  • Vice received a $450 million infusion from private-equity firm TPG to fuel its content efforts;
  • Musical.ly launched its first set of short-form original series from NBCUniversal and Viacom;
  • Snapchat added 10 more such series via a $100 million deal with Time Warner.

What could this all mean? Who knows. What’s certain is that media executives had better get up to speed quick, fast and in a hurry if they don’t want to be deemed the biggest losers.

Read more here.

tech-envy1

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