YouTube Ad Revenue Tops $6B in First Quarter

Patrick Frater Asia Bureau ChiefThe Chinese government’s increasing regulation of the tech sector is a current concern for China’s major internet and online entertainment companies. But the latest quarterly results announcement for China’s biggest digital music company, Tencent Music Entertainment pointed to business as usual, at least for the moment.First quarter revenues, spanning the January to March 2021 period, at Tencent Music grew by 26% year on year.

Smart TV maker Vizio exceeded Wall Street analyst forecasts for its first quarterly report as a public company, posting revenue of $505.7 million and earnings of 2 cents a share.

Todd Spangler NY Digital EditorThe latest gold rush in digital video? Short, shareable video clips — like those popularized by Vine half a decade ago, before Twitter shut down the Vine app.YouTube, the world’s biggest video platform, announced the YouTube Shorts Fund, a $100 million pool of money it’s promising to distribute to creators of the most-engaging clips of its new TikTok-style feature.

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Josh Duggar‘s sister Joy-Anna Duggar, 23, and her husband Austin Forsyth, 27, are speaking out about his child pornography charges for the first time as he awaits his trial. The reality stars shared the same message to their Instagram stories on May 8 and it revealed how “heartbroken” they are about the situation and also asked for “prayers.”

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Todd Spangler NY Digital EditorYouTube, locked in a fight with Roku, is doing an end-around to let customers access YouTube TV from its main app on connected-TV platforms.YouTube says it is launching a new feature that will let users access to YouTube TV from within the YouTube app, starting with Roku devices.

Yahoo Finance. Cinemark actually posted a loss of $1.75 per share on $114.4 million in revenue.Of that revenue figure, $56.1 million came from ticket sales and $39.5 million at the concessions stand.For the sake of a comparison, Cinemark lost $59.4 million in the first quarter of 2020, or -51 cents per share.

. Premiering May 14, the summit-style event will be hosted by YouTube's Head of Fashion and Beauty Derek Blasberg, and will feature Selena Gomez, Gwyneth Paltrow, Addison Rae, Ashley Graham and many more celebrities and beauty influencers.Many of the celebs in attendance are not just beauties, they have their own makeup and wellness lines.

Kate Middleton and Prince William are sharing more of their cute chemistry.

microsite for viewers and creators to submit minute-long videos sharing personal stories of pride, asking questions for the hosts to answer, and other content. Select responses will then be featured during the livestream.The second event is a live Minecraft competition that will stream on YouTube Gaming at a yet to be determined date.

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Will Smith is bringing the world along on his fitness journey.

Jem Aswad Senior Music EditorWarner Music Group posted strong results for the quarter that ended March 31, with $117 million in net income on revenues of $1.25 billion.

Giant-screen exhibitor Imax posted higher first-quarter revenues as it was lifted by a recovery in the Asian box office. The company, led by CEO Richard Gelfond, reduced its loss attributable to shareholders to $14.8 million, compared with a loss of $49.4 million last year when Imax was hit hard by movie theater closures during the novel coronavirus pandemic.

Dish Network reported that it lost about 230,000 net pay TV subscribers in the first quarter, compared with a decline of 413,000 in the year-ago period and a drop of 133,000 in the fourth quarter of 2020. The latest quarter's figures include subscribers to the traditional Dish pay TV service, as well as the Sling TV streaming service.

NBCUniversal’s streaming service Peacock had 42 million signups in the first quarter — up from the 33 million it reported three months ago — benefiting from the recent addition of exclusive domestic streaming rights to WWE Network and The Office.

Yahoo Finance. Comcast reported adjusted EPS of 76 cents on $27.2 billion in revenue for the quarter ended March 31.In other good news, Comcast reported that its young streaming service Peacock has now hit 42 million sign-ups in its first quarter as home to “The Office” and WWE Network programming.“We are off to a great start in 2021.

Facebook has unveiled first quarter results that underlined continuing user growth during the pandemic, while also warning revenue growth would slow down towards the end of 2021, when compared with the COVID-era growth in 2020. Facebook, which is led by Mark Zuckerberg, on Wednesday reported that revenue grew 48 percent during the fourth quarter to $26.1 billion, with advertising revenue rising 46 percent to $25.4 billion.