Saturday, May 30th21.6°C
26493
25998

Yahoo getting more serious about Internet video as it prepares to release 2 new comedy series

NEW YORK, N.Y. - Yahoo will release two new comedy series next year in hopes of becoming an even more serious player in Internet video programming.

The expansion announced Monday during a presentation in New York makes Yahoo Inc. the latest technology company to mount a challenge to Netflix Inc., which runs the Internet's largest Internet video subscription service.

Microsoft Corp., Amazon.com Inc. and Hulu.com are among the other companies angling for a piece of the growing audience watching video piped over high-speed Internet connections instead of broadcast signals or cable services.

Yahoo's comedies are "Other Space," a show revolving around an alternate universe set in the 22nd century, and "Sin City Saints," a show about the front-office antics of a fictional basketball team. Both series will consist of eight half-hour episodes.

Financial terms of Yahoo's deals to license the new series weren't disclosed. "Other Space" is the brainchild of three-time Emmy nominee Paul Feig, who has previously worked on acclaimed TV series, "Freaks and Geeks" and "The Office." The creative forces behind "Sin City Saints" include former Emmy nominee Bryan Gordon, who also once worked on "The Office" as well as the HBO comedy "Curb Your Enthusiasm."

Yahoo doesn't plan to charge viewers to watch the series. Instead, the Sunnyvale, Calif., company hopes to make money from selling additional advertising.

"Our goal is to not only enable the future but also to help invent it," said Kathy Savitt, Yahoo's chief marketing officer.

Yahoo boasts one of the Web's largest audiences but the company has been struggling for years to come up with compelling products to reverse a long-running decline in ad sales. It made modest progress during the opening three months of the year as its net ad revenue rose 5 per cent from last year. CEO Marissa Mayer has repeatedly said it may take several more years before Yahoo's ad sales are keeping pace with the overall Internet market.

Besides the new comedies, Yahoo also announced a video service featuring live concerts and a digital travel magazine.

The Canadian Press


Read more Business News

25985


Recent Trending




Today's Market

 
Okanagan Companies

 



26407

FEATURED Property
2120469850 hollywood rd north
9 bedrooms 5 baths
$569,000
more details
Click here to feature your property
Please wait... loading


Yard sale pricing

Photo: Thinkstock.comI have deliberately abridged this household tips article to illustrate pricing strategies. "Tips For Pricing Yard Sale Items” was written by Lynnette Walczak, and publi...


What's a robo-advisor?

Photo: ContributedIt can only be attributable to human error. -Hal, 2001: A Space Odyssey For most of us who are within thinking distance of retirement, the term “robo” conjures up image...


Cash stressed seniors

Photo: Thinkstock.comFor many Canadian homeowners, their house represents the biggest portion of their net worth. Now, increasing numbers of seniors are starting to recognize the hidden value of their...

_



26363

25482


Member of BC Press Council


25334