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Media

Video Is Coming To Reddit (variety.com) 74

Posted by BeauHD from the video-hosting dept.
An anonymous reader shares a report from Variety: Videos are coming to Reddit, thanks to a new feature that allows users to upload video clips directly to the service. Reddit rolled out the new video feature Tuesday after testing it with around 200 communities over the past couple of weeks. Reddit users are now able to upload videos of up to 15 minutes in length, with file sizes being limited to 1 gigabyte. Users will be able to upload videos via Reddit's website and its mobile apps for iOS and Android, with the latter offering basic trimming functionality as well. And, in keeping with the spirit of the site, Reddit is also offering a conversion tool to turn videos into animated Gifs. Videos are being displayed persistently, or pinned, meaning that users can scroll through the comments while the video keeps playing in the corner of their screen. And community moderators can opt not to allow videos in their Subreddits at all, with Le arguing that some discussion-heavy Subreddits may decide that the format just doesn't work for them.
Television

Netflix Plans To Spend $7 Billion On Content In 2018 (streamingobserver.com) 97

Posted by BeauHD from the streaming-obligations dept.
According to the Streaming Observer, Netflix plans to increase its budget by $1 billion dollars over the next year and spend over $7 billion on content in 2018. Previously, the company paid $6 billion in 2017 and $5 billion in 2016. From the report: While the internet freaks out about Disney ending its streaming agreement with Netflix, the company continues to forge ahead signing high-profile talent and throwing an enormous budget at its original programming. Just days after the Disney turmoil, Netflix's visionary Chief Content Officer Ted Sarandos stated that the streaming leader plans to increase its budget by $1 billion dollars over the next year. As of now, Netflix currently has $15.7 billion in outstanding obligations in deals for new series and films over the next few years. With such an astronomically-large budget, media analysts are already beginning to wonder if Netflix is "rescuing" or "ruining" Hollywood by creating such a singular creator-producer-distributor model. Sarandos counters those claims, however, stating that Netflix is merely on the forefront of what's already a growing trend throughout the media industries: "I would say that the relationship between studios and networks has always been that of a frenemy. Everyone is doing some version of it already. They just have to make a decision for their companies, their brands and their shareholders on how to best optimize the content. We started making original content five years ago, betting this would happen."

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