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Archive Monthly Archives: October 2017

Meet the millennial millionaires: Coutts embraces video gamers – The Guardian


The Guardian

Meet the millennial millionaires: Coutts embraces video gamers
The Guardian
“Increasingly younger people are making money in electronic games and vlogging .” When asked how many people were making enough money from gaming to make it worthwhile for Coutts, which is part of majority state-owned RBS and …

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Judge rules against Ezekiel Elliott and NFLPA, six-game suspension will be back after 24 hours pending appeal – Blogging The Boys (blog)


Blogging The Boys (blog)

Judge rules against Ezekiel Elliott and NFLPA, six-game suspension will be back after 24 hours pending appeal
Blogging The Boys (blog)
Ezekiel Elliott and the NFLPA lost their latest court case and Elliott's temporary restraining order allowing him to play lapses, but not immediately. This means the six-game suspension will be back in effect, with one caveat. Judge Katherine Polk

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Yahoo lost a ton of money on ‘Community’

Despite reviving cult sitcomCommunity,Yahoos attempt at original TV programming is already dead in the water.

CFO Ken Goldman admitted this week that Yahoo lost $42 million making the sixth season ofCommunityalong with two original shows, Sin City Saintsand Other Space. When Yahoo bought the rights toCommunity,it supposedly offered asimilar budgetto the shows run on NBC, which came to around$2 million per episode.

Goldman concluded that for now, Yahoo couldnt see a way to make money over time on its original programming, which streamed for free on Yahoo! Screen.

While Goldman didnt rule out the possibility of making more TV shows in the future, its pretty clear that Communitywont be returning to Yahoo. Even with the help of blatant Honda advertisements embedded into the show, Communitydidnt have enough advertisers or viewers to be remotely profitable. Not evenCommunitys enthusiastic online following could make it a popular choice.

However, that doesnt mean other cult shows are similarly doomed. Arrested Developmentseems to be doing fine on Netflix, for example, and Veronica Marsobviously found success with Kickstarter. So dont lose hope for that Communitymovie just yet.

H/T A.V. Club|Photo via Community/Yahoo

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Facebook Revenue, Users Top Estimates as Mobile Ads Surge

Facebook Inc. shares jumped in late trading after the company reported second-quarter revenue that beat analysts projections, lifted by surging sales of video and Instagram ads and a boost in users.

Key Points

  • Second-quarter sales climbed 59 percent to $6.44 billion, compared with the $6.01 billion average estimate of analysts surveyed by Bloomberg.
  • Profit, excluding some items, was 97 cents a share, the Menlo Park, California-based company said Wednesday in a statement. Analysts had predicted 82 cents on average.
  • Facebook now has 1.71 billion monthly users, up from 1.65 billion in the prior quarter. Analysts had estimated 1.69 billion. Daily users rose to 1.13 billion.
  • The company now makes 84 percent of its advertising revenue from mobile.
  • Facebook shares rose 5 percent in extended trading. The company had gained 1.8 percent to $123.34 at the close in New York, and has climbed 18 percent so far this year.

The Big Picture

Facebooks vigorous growth in mobile advertising is being fueled by video spots and expanded ads on its photo-sharing app, Instagram. Those sales gains have given the company freedom to take its time turning other products into revenue-generating businesses. The company has morphed from the operator of the worlds largest social network to the owner of a portfolio of popular mobile applications including Facebook, WhatsApp, Messenger and Instagram. All of them have more than a billion users, except Instagram, which has half a billion. Facebook hasnt yet attempted to make money from Messenger or WhatsApp, indicating that the companys share of the mobile advertising market could grow larger still.

The constant stream of revenue also allows Chief Executive Officer Mark Zuckerberg to ramp up his investment in more futuristic initiatives, such as virtual reality and connecting the world to the Internet — steps that are unlikely to bring in profit for many years.

To cement his ability to spend on longer-term projects, Zuckerberg recently changed Facebooks share structure to give him majority voting control over the company, even if he sells some of this stock.

Meanwhile, the main Facebook product will continue to evolve. Zuckerberg said he wants Facebook to be a “video-first” company — and the news feed is likely to be mostly video in a few years. That will require building out infrastructure and improving tools for people to record and share video, he said.

COO Interview

  • Chief Operating Officer Sheryl Sandberg said Facebook wont break out Instagram revenue yet, but Instagram is making a real contribution.
  • Facebook has started doing small tests with businesses making money from conversations on Messenger, but its not yet time to monetize the app, Sandberg said via phone. Our focus right now is overwhelmingly on the consumer experience.
  • Were really looking at the organic activity thats happening between businesses and consumers, she said, noting that 1 billion messages of that nature are being sent per month on Messenger.
  • In video, Facebook isnt interested in the television-like content Twitter is streaming. Were much more interested in short-form content, Sandberg said. Right now were in the really early stages of working with publishers and content producers to create content for our platform.
  • Live video is “contributing to our time-spent metrics,” but not to Facebooks revenue yet, she said.

The Details

  • Facebooks monthly active users on mobile rose to 1.57 billion, 20 percent more than in the year-earlier period.
  • Second-quarter net income jumped to $2.06 billion, or 71 cents a share, from $719 million, or 25 cents.
  • The company said it had $23.3 billion in cash and equivalents at the end of the recent quarter. Capital spending rose to $995 million from $549 million a year ago.
  • More than 2 billion searches are done on Facebook each day, though the company isnt ready to make money from the feature yet, Zuckerberg said on a conference call.
  • Facebook said revenue growth rates will be slower in the coming quarters, especially as the comparisons from year-earlier periods get tougher.

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Bannon, Kushner and Priebus: rivals for power at the heart of Trump’s team

Strategist Steve Bannon has likened himself to Thomas Cromwell as he, chief of staff Reince Priebus, and adviser Jared Kushner seek the president-elects ear

One by one they came, walking by the marble walls, the cascading waterfall, the ogling tourists and the eager cameras, into the shiny lifts and up to the 26th floor to kiss the ring of the new king.

This week, Trump Tower was a hive of scurrying courtiers, from a prime minister, media mogul and nonagenarian diplomat to senators, congressmen and businessmen. And as the palace intrigue deepened, it was apparent that three men, in particular, had the ear of President-elect Donald Trump.

I am Thomas Cromwell in the court of the Tudors, Steve Bannon, Trumps chief strategist, told the Hollywood Reporter, likening himself to Henry VIIIs righthand man and master manipulator (who, in a fact he may have overlooked, was ultimately executed for treason). Bannon did not propose historical roles for Reince Priebus, chief of staff, or Jared Kushner, an intimate adviser married to Trumps daughter, but they are his rivals for Trumps attention.

Shaun Bowler, associate dean of political science at the University of California, Riverside, likened the plot to Hilary Mantels historical novel Wolf Hall. Her account of people tiptoeing around a character like Henry VIII strikes me as providing lots of insight into what life for advisers will be like inside the White House from now on, he said. What we probably can say is that whatever the actual pattern of influence we can be pretty sure that at least one of them will end up leaving after a blow-up.

The scenario seemed unthinkable just two weeks ago, when polls showed Hillary Clinton on course for the White House and the Republican party hurtling towards civil war. Then, in the most stunning upset in US politics for at least half a century, Republicans swept the board and Democrats plunged into despair. What was supposed to be a valedictory foreign tour for Barack Obama became a glum mission to soothe a panicking world, a plea to keep calm and carry on.

Until Obama hands over power to Trump on inauguration day, on 20 January, the political spotlight is on the former US capital, New York, where Trump is huddled with his transition team. Police have been forced to barricade sidewalks near Trump Tower and a no-fly zone has been imposed above it.

Last Sunday, the president-elect made his first move. He announced that Bannon would be chief strategist, triggering a fierce backlash because of the advisers executive role at the website Breitbart, which has run white nationalist and antisemitic headlines. At the same time, Trump appointed the more conventional Priebus to the more conventional role of chief of staff. The chairperson of the Republican National Committee (RNC) had been unswervingly loyal ever since the end of the primaries, even while the candidate ignored pleas to tone down the rhetoric.

Jared
Jared Kushner and Stephen Bannon: opposites in many ways. Photograph: Mike Segar/Reuters

But there is also a third centre of power, unofficial but no less important. Kushner, a property developer, investor and newspaper publisher married to Trumps daughter, Ivanka, is said to have called the shots throughout the campaign and is now doing the same in the transition. He was present at Thursdays meeting with Japanese prime minister Shinzo Abe and reportedly behind a Stalinesque purge of the transition team.

There are other major players in the Trump universe. They include Vice-President-elect Mike Pence, a vital bridge to Congress and the conservative movement; Jeff Sessions of Alabama, the first senator to endorse Trump and now the nominee for attorney general; Paul Ryan, the House speaker with whom Trump has made a fragile peace; and Mitch McConnell, the Republican majority leader in the Senate.

But it is Priebus, Bannon and Kushner, vying for 70-year-old Trumps infamously short attention span, who could form the most potent triumvirate in the Oval Office since the days when Dick Cheney, Donald Rumsfeld and Karl Rove counseled George W Bush. Given Trumps track record of pitting rivals against each other in his business, campaign and reality TV show, they probably face an uncertain future.

Apparently Trump likes to manage with concentric circles of chaos, said Michael Steele, Priebuss predecessor as RNC chair. He doesnt mind that. He likes the tension between the different sectors of influence. So far youve got the Kushner circle, youve got the Bannon circle, they all interrelate into Trumps circle but when they have to work with each other, thats where the challenge is going to be because their interests are very different interests.

Priebus, a technocrat and consummate party man, will be the voice of the Republican establishment, and a vital conduit to Congress, including Ryan, a fellow Wisconsinite.

Reince is not Donald Trumps guy, Steele added. Bannon is. Reince is Paul Ryans guy and so Trump is doing what he thinks he needs to do to create some olive branches to the establishment types because he knows he needs them. But, quite honestly, they need him just as much. I suspect, as much as they will try to play it down, there will be some tough times where those interests will conflict.

During the campaign, Kushner, well-mannered but guarded, emerged as operational guru, helping with recruitment, online fundraising, drafting policy and even selecting a running mate. Over the past week Kushner was said to have orchestrated the removal of transition team leader Chris Christie and his allies; Christie had successfully prosecuted his father for tax evasion 11 years ago.

Kushner, 35, is taking legal advice on whether he can get around anti-nepotism laws to join the new administration, the New York Times reported. Like Trump, he is steeped in the property world and has no political experience. Im sure hes a very smart young man, a very successful businessman, Steele said. But he doesnt know foreign policy, he doesnt know national security, thats not the world in which he has operated.

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Social media stars reveal how they get so rich – New York Post


New York Post

Social media stars reveal how they get so rich
New York Post
When Danielle Miele, the Nashville-based jewelry influencer who blogs under the name Gem Gossip (and who now has 164,000 followers on Instagram, 24,300 followers on Twitter and 8,600 on Facebook) started her website back in 2008, she had no inkling

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BTB's OchoLive: Breaking it down after the Cowboys victory over Washington – Blogging The Boys (blog)


Blogging The Boys (blog)

BTB's OchoLive: Breaking it down after the Cowboys victory over Washington
Blogging The Boys (blog)
Another episode of BTB's OchoLive is ready for your viewing. In today's episode RJ is all over the Cowboys big win. How big was it? It keeps the playoff momentum rolling and helps doom a rival. Check out the discussion of those storylines in the show.

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‘Big Short’ Director Adam McKay: Hollywood Isn’t Liberal

WASHINGTON — Adam McKay is about to have a very big weekend. The director who was once best known for Will Ferrell slapstick vehicles like “Anchorman” and “Step Brothers “is up for five of the most prestigious Oscars for his latest film, “The Big Short”: Best Picture, Best Director, Best Supporting Actor, Best Adapted Screenplay and Best Film Editing.

Win or lose, McKay has vaulted from an improv comedy maverick into the toast of tinseltown. And he’s done it with a nakedly liberal film. “The Big Short”chronicles Wall Street’s 2008 implosion through the eyes of a handful of traders betting against the mortgage market. It’s a darkly funny film with no heroes that is ultimately a message piece about Wall Street’s frightening stranglehold on the American economy. It’s about wealthy elites ruining America, while other wealthy elites embark on a nerdy, misguided quest to save it.

In an interview with The Huffington Post’s “So That Happened” podcast last month, however, McKay emphasized that “The Big Short” is not a fundamentally partisan movie, despite its Wall Street venom.

“This issue at it’s heart should not be right-wing, left-wing,” McKay said. “This is an issue that effects everybody. And I think the studio knew that. … All knew that this should not be a partisan film. So we went out of our way not to say, Bush just did the bailout, Obama didn’t prosecute people, Clinton deregulated. We didn’t want to get into that. We just wanted to show the system.”

Listen to HuffPost’s interview with McKay in the podcast below. The interview begins at the 14:30 mark: 

Subscribe to the podcast here.

Hollywood, McKay argued, isn’t really a very liberal place — despite the decades-old stereotype of the Hollywood liberal. “The Big Short” ascended through the ranks because studio executives and marketing professionals recognized the commercial appeal of a populist story with famous actors like Brad Pitt and Christian Bale — not because they were ideologically in the tank for its message.

“Ultimately Hollywood wants to make money,” McKay said. “If you look at who owns the studios, its Viacom, it’s Disney, it’s, you know, Comcast. These are big, mean corporations that only care about money.”

“We made the “Big Short,” a month later the Benghazi movie by Michael Bay comes out of the exact same studio,” McKay continued. “I’m not going to name specific people that are right-wing, but there are a lot in Hollywood. The idea that Hollywood is left-wing is ridiculous. … Yes, there are enclaves of people that Hillary or Obama can show up and raise money at their house. There’s no question that happens. But when it comes down to it, you still have to go through that corporate filter. And that corporate filter only cares about money, product and [intellectual property] — that’s it.”

The Oscars will air on Sunday night at 5:30 p.m. EST.

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Getting Out of The Canadian Oil Patch – HuffPost


HuffPost

Getting Out of The Canadian Oil Patch
HuffPost
The draw of the laptop lifestyle is broad. Who doesn't want to learn how to make money online and then sit with their laptop on a beach and have someone take pictures to prove they are really there? Never mind the sand in the keyboard and the poor wifi …

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Cowboys and opponents should provide offensive fireworks next four weeks – Blogging The Boys (blog)


Blogging The Boys (blog)

Cowboys and opponents should provide offensive fireworks next four weeks
Blogging The Boys (blog)
Dallas coaches and players very much adhere to head coach Jason Garrett's “process” philosophy which dictates you work on the things you can today to improve for tomorrow. Some fans, like myself, can't help but take a peek ahead. And the near future

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