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Communications

COVID-19 Pushes Up Internet Use 70 Percent, Streaming More Than 12 Percent, First Figures Reveal (forbes.com) 32

An anonymous reader quotes a report from Forbes: The first internet streaming and usage figures are coming in as the coronavirus pandemic places a quarter of the world's population under lockdown. As millions of people go online for entertainment and more, total internet hits have surged by between 50% and 70%, according to preliminary statistics. Streaming has also jumped by at least 12%, estimates show. [Maria Rua Aguete of Omdia, the tech research arm of Informa Tech] said the annual figures are revealing: "Ecommerce will be the other sector that will see a revenue boost as a result of the pandemic, adding $175 billion in revenue in 2020, which represents a 5% increase."

Omdia predicts $11 billion losses for the movie industry with a 25% decline and a 15% drop in TV advertising, especially for ads promoting events such as concerts that can no longer take place. The surge in demand comes coupled with a warning from the company that paid TV advertising may decline by 15%. Omdia also predicted that industry recovery will start in 18 to 24 months. While official figures from Google's YouTube and other internet giants are awaited, Omdia's figures accord with other analysts. "Broadband providers are thus far experiencing a traffic surge between 30% and 50% across their mobile and fixed networks," said Alfonso Marone, who is head of media at KPMG U.K.: "Where self-isolation policies are at their peak in Europe, the spike in internet traffic has reached as high as 70%, which is indicative of what the traffic surge could look like in other regions in just two to three weeks' time. The most bandwidth-hungry are the online entertainment applications, especially those in high-definition like 4K movies and TV. For broadband providers, this spike may be seen as more a source of headache."

Television

As We Remain at Home Due To Coronavirus, We're All in Desperate Need of Distraction -- a New Movie or Video Game Would Help (theoutline.com) 117

The ongoing coronavirus crisis has thrown the release schedule of cultural products into chaos, as now is an exceptionally bad time to drop anything that isn't a government check for lost wages. Jeremy Gordon, writing for The Outline: Our cultural producers -- movie studios, publishing houses, television networks, and so forth -- must decide whether to go ahead with previously made plans, or wait until all of this is over. The new Fast and Furious movie, for example, has been pushed back from its May 2020 release date to April 2021, in hopes that mass gatherings will be back on the table by then (maybe!) and we'll all be in a better mood to watch some big cars go boom. But as more people are driven inside for the time being, it's also true that everyone is looking for something to do at home. As a result, unconventional solutions have emerged: Last week, Universal Pictures announced it'll make several of its current film releases available to stream on-demand at home, as movie theaters around the world are being closed. Beginning Friday, movies like The Invisible Man, Emma, and The Hunt will be rentable for $19.99 apiece, with Trolls: World Tour set for a similar release.

Emma and The Invisible Man were finished products already in theaters, so Universal just had to skip the typical waiting period between when a movie is released, and when it's available for purchase. But there are so many more finished products waiting to be released in the coming weeks, which publishers may now consider delaying until a time when everyone can go back outside. While they may be reticent to promote anything in the current climate, I would submit an opposite suggestion: Release that shit. While everyone is sitting at home stewing in anxiety, people have never been more desperate for distraction. We have all become a captive audience with the free time to give that show or game a try.

Movies

Amazon's New 'Prime Video Cinema' Offers Movies Now Playing in Theaters (cnet.com) 36

Amazon just launched "Prime Video Cinema," which lets you buy and watch movies that are just now playing in theaters, reports CNET: Movies currently offered through the hub include Onward, The Hunt, The Invisible Man and Emma, although Onward is only available at the $18.49 purchase price, while the others are only available for rental at that same reduced price. They'll be available to rent for 48 hours.

NBCUniversal said Tuesday it would make movies available to rent online in the home the same day as their global theatrical releases due to the coronavirus outbreak. iTunes will also offer the titles for streaming purchase and rental... Movies usually spend upward of six months in theaters before they move on to predetermined dates for release on other formats, such digital downloads and rentals, DVDs and, later, TV and streaming.

Chrome

'Netflix Party': a New Chrome Extension Adds Chat Panes to Movies (theguardian.com) 38

GameSpot calls it "like an AOL chat room" combined with Netflix. The Guardian reports: You log in, share a viewing link with friends, choose one person to be in charge of picking what you watch and, as your chosen show plays out in the bulk of the screen, a chatroom pops up on the right-hand side. You can discuss the show with the people in your room, or argue, or flirt, or veer wildly off-tangent because you've realised that you've picked an absolute dud to watch.

Right now, Netflix Party feels absolutely necessary. Self-quarantine has atomised us, and if this is the closest we can get to watching films and TV shows with our friends, then we'll grab it with both hands. But then again, even if this wasn't a time of enormous struggle, Netflix Party would be a terrific idea. Because the biggest downside to this vast glut of non-linear content is that nobody watches the same thing at the same time any more. There are no more water cooler series, because everyone at the water cooler has to tiptoe around the fact that they might be a few episodes ahead of everyone else, and one stray spoiler slip might ruin it for everyone else.

Television has always been a social pursuit, but this element has been lost in recent years.

"Twenty servers were added today to help more people spend time together without leaving home," notes Forbes.
The Media

What Are the Best Free Streaming Services? (archive.org) 42

An anonymous reader shares some free streaming media options: There's over 10,000 public domain audiobooks at LibriVox.org, created by volunteers reading public domain works. (If you've got time, why not record yourself reading your own favorite public domain poem or novel?) And there's also a lot of free audiobooks (and ebooks) available through Hoopla, a free "digital media" service that's partnering with many public libraries across North America. They're not just offering books; there's also movies, music, TV shows, and even comic books.

As always, Amazon's audiobook service Audible offers a free one-month trial. But they've now also announced a new free service for "as long as the schools are closed... Kids everywhere can instantly stream an incredible collection of stories..."

You can also stream over 6,500 full-length movies over at archive.org, including Night of the Living Dead and The Internet's Own Boy: The Story of Aaron Swartz.

They've even got a collection of classic cartoons, like Tom and Jerry, Betty Boop, the Pink Panther, and lots of Popeye (including one where Popeye runs for president against Bluto.)

And an archive.org blog post explains that that's just the beginning: If gaming is more your speed, then check out the MS-DOS Games in our Software Library. This collection includes dozens of classic favorites such as Pac-Man, Sim City, The Oregon Trail, Doom, Prince of Persia, Donkey Kong, and Tetris, as well as many more lesser-known titles such as Aliens Ate My Baby Sitter! and Freddy Pharkas, Frontier Pharmacist. Enjoy simulations of popular board and card games such as Monopoly [press F1 to begin], Stratego, Hearts, or Mah Jong, as well as flight simulators, sports games, and this treat for Monty Python fans.
They also have recordings of old-time radio shows -- as well as an archive of live music. ("Our most popular collection by far is The Grateful Dead, but you could also explore Smashing Pumpkins, Robert Randolph (and the Family Band), Disco Biscuits, Death Cab for Cutie, John Mayer, or Grace Potter and the Nocturnals...")

And then there's this: Relive the 80's and 90's (and learn how to style your scarf) with the Ephemeral VHS collection, or roam the cosmos with the NASA Image of the Day gallery. Learn about the history of advertising with this collection of retro TV ads or enjoy some psychedelic screensavers. No matter how long you're stuck indoors, the Internet Archive will have something new to offer you — so happy hunting!
Share your reactions -- and your own finds and suggestions -- in the comments! And in these days of social distancing, what are the best free entertain sites that you've found?
Movies

Sonic The Hedgehog Surpasses Detective Pikachu To Become Highest-Grossing Video Game Movie (therichest.com) 45

Sonic the Hedgehog's latest weekend total allowed it to surpass Detective Pikachu and become the highest-grossing video game movie ever in the US. TheRichest reports: Sonic has now amassed $145.8 million domestically, while Detective Pikachu managed $144.1 million by the end of its run. Sonic has definitely taken a hit as it only brought in $2.58 million last weekend to limp past Detective Pikachu's record. As for the worldwide record, it seems as if that will belong to Detective Piakchu for the foreseeable future. That's the one element of Sonic's success that has been affected by the worldwide pandemic we are in the midst of. The movie's release has been delayed in China and as it stands as brought in $306.5 million worldwide. That's a long way off the $433 million record set by Detective Pikachu.
Businesses

Fox Buys Free Ad-Supported Streaming Service Tubi For $440 Million (deadline.com) 24

Tubi, a leader in the fast-growing free ad-supported streaming category, is being purchased by Fox for about $440 million. It's paying for the acquisition using cash from the sale of a minority stake in Roku. Deadline reports: Tubi brings Fox an expanded consumer offering with a sizable, younger-skewing and directly connected user base that spends over 160 million hours per month watching content on the service. Tubi is available on more than 25 digital platforms in the U.S. with some 20,000 titles and 56,000 hours of film and episodic television programming from over 250 content partners. Fox plans to continue to run Tubi as an independent service and said it will evaluate opportunities to expand its offering -- not through original content but in a "more cost-effective manner by leveraging our expertise in national and local news and sports programming." Tubi founder and CEO Farhad Massoudi will continue to lead the service. "Tubi will immediately expand our direct-to-consumer audience and capabilities and will provide our advertising partners with more opportunities to reach audiences at scale. Importantly, coupled with the combined power of Fox's existing networks, Tubi provides a substantial base from which we will drive long-term growth in the direct-to-consumer arena," said Fox CEO Lachlan Murdoch.
Piracy

Popcorn Time, the 'Netflix For Piracy,' Is Back Online (theverge.com) 31

Popcorn Time, the highly popular and extremely-easy-to-use "Netflix for piracy" service, came back Tuesday after a years-long hiatus. The move comes as people around the world are quarantined or being asked to stay in their homes during the coronavirus pandemic. Motherboard reports: Popcorn Time allows people to stream movies using BitTorrent, without actually downloading the movies or worrying about finding a tracker to use. Essentially, it removes any torrenting learning curve, allowing people to (illegally) stream movies and television shows from an easy-to-use app. Because it's so simple to use, Popcorn Time became instantly popular upon its release in 2014 and was immediately targeted by the movie industry. The service was shut down multiple times by court order, police raids, and IP blocks all over the world between 2014 and now; the open source app was forked several times and has worked intermittently, but has been largely offline over the last few years.

Within the last couple days, a new version of Popcorn Time popped up on Popcorntime.app, version 4.0. The new app works just as well as earlier versions of the app, is free, and implores people to use virtual private networks to avoid having their use of the app detected by their internet service providers. The app has been released while many around the world are quarantined, and also comes at a time when piracy is becoming more popular, generally speaking. Other versions of Popcorn Time are also currently active, but the user interface of this one and its release appear to be closely affiliated with earlier Popcorn Time projects, based on domain redirects and urls.

Movies

Universal Makes Movies Now Playing in Theaters Available Online (wsj.com) 51

Comcast's Universal Pictures said it is making its movies available to watch at home while they are still in theaters, a massive change from Hollywood's long-established business model that could upend the industry if other studios follow suit. From a report: The decision comes amid widespread closures of movie theaters as the global coronavirus pandemic spreads. Authorities in New York City and Los Angeles on Sunday ordered all movie theaters to close; exhibitors had previously said they would limit attendance in theaters to 50% of their capacity. China, the world's second-largest market, has kept tens of thousands of theaters closed since late January. Major studios typically release new movies exclusively in theaters during a "window" of 75 days in a bid to maintain ticket sales, on the theory that fans are more likely to watch a new movie at home if that is an option. Keeping that strategy in place has long been a priority for theaters, and major studios generally have been reluctant to do away with such windows altogether, even as the lengths of those periods have steadily shortened over the years.

Universal said that by Friday recently released films like "The Invisible Man," "The Hunt" and "Emma" will be available for digital rental for $19.99 in the U.S., or the equivalent value in overseas markets. Paying the rental fee will allow customers 48 hours to watch the movie. In an even bolder move, Universal also said "Trolls World Tour" will open simultaneously in theaters and at home on April 10. Universal released "The Hunt" in theaters over the weekend while "The Invisible Man" and "Emma" both came out late last month. Costing just $7 million to make, "The Invisible Man" has already had a successful run in theaters, grossing $122.4 million globally in three weekends.

Communications

Elon Musk: Starlink Latency Will Be Good Enough For Competitive Gaming (arstechnica.com) 113

In a conference yesterday, Elon Musk said SpaceX's Starlink satellite broadband will have latency below 20 milliseconds -- low enough to support competitive online gaming. "Despite that, the SpaceX CEO argued that Starlink won't be a major threat to telcos because the satellite service won't be good enough for high-population areas and will mostly be used by rural customers without access to fast broadband," reports Ars Technica. From the report: Latency of less than 20ms would make Starlink comparable to wired broadband service. When SpaceX first began talking about its satellite plans in late 2016, it said latency would be 25ms to 35ms. But Musk has been predicting sub-20ms latency since at least May 2019, with the potential for sub-10ms latency sometime in the future. The amount of bandwidth available will be enough to support typical Internet usage, at least in rural areas, Musk said. "The bandwidth is a very complex question. But let's just say somebody will be able to watch high-def movies, play video games, and do all the things they want to do without noticing speed," he said.

So will Starlink be a good option for anyone in the United States? Not necessarily. Musk said there will be plenty of bandwidth in areas with low population densities and that there will be some customers in big cities. But he cautioned against expecting that everyone in a big city would be able to use Starlink. "The challenge for anything that is space-based is that the size of the cell is gigantic... it's not good for high-density situations," Musk said. "We'll have some small number of customers in LA. But we can't do a lot of customers in LA because the bandwidth per cell is simply not high enough." [...] On the ground, Starlink's future customers will rely on user terminals that "look like a UFO on a stick," Musk said. The devices will have actuators that let them point themselves in the right direction as long as they're pointed at the sky. "It's very important that you don't need a specialist to install it," Musk said. "The goal is that... there's just two instructions and they can be done in either order: point at sky, plug in."
As for the cost, the company previously pointed out that many U.S. residents pay $80 per month for "crappy service," perhaps indicating that Starlink will cost less than that.

Musk also addressed concerns from astronomers who say Starlink's satellites will interfere with astronomical observations. "I am confident that we will not cause any impact whatsoever in astronomical discoveries. Zero. That's my prediction. We'll take corrective action if it's above zero," Musk said, adding that SpaceX has worked with astronomers "to minimize the potential for reflection of the satellites."
Piracy

Copyright Lobby Calls Out Plex For Not Doing Enough To Stop Piracy (inputmag.com) 158

An anonymous reader shares a report: For those who don't want to dive fully into torrents, Plex is a great alternative for streaming television shows and movies for free. Officially, Plex is a "neutral" media player, and it first became popular with people looking to stream content between devices at home, like from their desktop in the study to their laptop in their bedroom. But, with Plex Media Server, users can also share media with other users to stream, creating a virtual free-for-all, and a serious problem from a copyright perspective. CreativeFuture, a pro-copyright coalition boasting more than 560 members, has taken notice and is calling out the platform, along with rival service Kodi.

"Thanks to a rapidly growing media application called Plex, torrent-based piracy is back in vogue, and better than ever (for criminals who have no problem with profiting from content that doesn't belong to them, that is)," the coalition writes in a blog post. Those who pay $4.99 per month for Plex Pass are able to share their libraries with up to 100 users. As Creative Future points out, this isn't always done for the sake of altruism, or so family's can share their legally procured copies of Frozen. Some Plex users actually charge for access to their content -- a more nefarious (though, granted, enterprising) evolution from the totally free world of torrenting. For extra sass, the shared content can be pirated to begin with.

Businesses

Quibi is Giving People a 90-day Free Trial in Hopes They'll Actually Sign Up (theverge.com) 33

Quibi, a streaming service that has already raised more than $1.6 billion, is finally almost here, and in an effort to entice people who are probably already spending too much on content every month, the short form video streaming service is giving people a 90-day free trial for a limited time. From a report: The company is also planning to pump an impressive amount of content into the app within that time. Quibi is set to launch on April 6th with 50 shows and movies, half of which consists of "daily essential" programming that's constantly being updated. More will be released throughout the first month and beyond. After the 90-day trial, Quibi will cost $4.99 with ads, and $7.99 without. That's more expensive than Apple TV Plus and Disney Plus, both of which run ad-free.
Medicine

Smoking Bans Don't Prevent You Having To Breathe in Smoke Particles (newscientist.com) 169

You can breathe in harmful chemicals from tobacco use even in non-smoking venues because they are carried on smokers' bodies and clothes. From a report: Third-hand smoke -- the residue from cigarette fumes that sticks to surfaces and then wafts back into the air -- has previously been found indoors in places where smoking is allowed. To find out if third-hand smoke also pollutes non-smoking venues, Drew Gentner at Yale University and his colleagues monitored the air quality in a non-smoking cinema in Germany for four days, after first flushing it with clean air. Smoking is banned inside cinemas and other public places in Germany. They observed spikes of tobacco chemicals in the air just after audiences arrived, which decreased over time but didn't go away completely.

The polluting substances were probably brought in on the bodies and clothes of people who had recently smoked cigarettes or been near smokers, says Gentner. They observed larger spikes during movies rated for those aged 16 and above, most likely because the audiences were older and had greater tobacco exposure than those attending movies suitable for younger people, says Gentner. The amount of tobacco chemicals that people watching the films aimed at older teens and adults were exposed to per hour was equivalent to that inhaled while sitting directly next to someone as they smoke up to 10 cigarettes.

Movies

'Contagion,' Steven Soderbergh's 2011 Thriller, Is Climbing Up the Charts (nytimes.com) 85

One of the hottest movies in the Warner Bros. library is a nine-year-old drama that kills off Gwyneth Paltrow in its first 15 minutes. From a report: Fears of the coronavirus have prompted movie fans to re-examine Steven Soderbergh's star-studded 2011 thriller, "Contagion," a fictional account of a pandemic that kills 26 million people worldwide. According to Warner Bros., the film was listed as No. 270 among its catalog titles at the end of December. Since the start of 2020, it has jumped to second, bested only by Harry Potter movies. "Contagion" is also trending on Amazon Prime Video and has flirted with the iTunes top 10. Barry Jenkins, the writer and director of "Moonlight," the best picture winner at the 2017 Oscars, was one of the people who found himself interested in the film in recent days. He said he had watched "Contagion" with his girlfriend, Lulu Wang, the writer and director of the acclaimed 2020 indie hit "The Farewell," while on location in Atlanta -- the city, he was quick to point out, where the Centers for Disease Control and Prevention has its headquarters. The two film aficionados bought a download of "Contagion" from Comcast's Xfinity on-demand service. "I paid $12.99 to watch a 10-year-old movie," Mr. Jenkins said. "I've never done that before."
PlayStation (Games)

PlayStation 2 Is Now Officially 20 Years Old (givemesport.com) 42

The PlayStation 2 is celebrating its 20th anniversary as it launched in Japan on March 4, 2000. "It was released in the U.S., Europe and the rest of the world a year later and would go on to become the best-selling console of all time," reports GiveMeSport. From the report: To put this into context, its main rivals at the time, Microsoft's Xbox and Nintendo's GameCube, would sell 25 million and 22 million consoles worldwide respectively on their first release versus Sony PS2's 155 million! It certainly helped that the PS2 was able to release such memorable games like RockStar Games 'Grand Theft Auto: San Andreas', which sold 17.3 million copies. Other games included 'Metal Gear Solid 3: Snake Eater', which was part of PlayStation's iconic series that was set in the 1960s during the Cold War. Not to mention there was zombie filled 'Resident Evil' franchise and the terrifying 'Silent Hill'.

The success of the PS2 was widely due to Ken Kutaragi. His big idea in the latest round of console battles at the time was to add in a DVD player compatibility with the PS2. DVDs were the latest new format to view movies on at the time and an entry-level price for a DVD Player was $700. The other unique selling point was the backward compatibility; with some exceptions you could play your favorite PlayStation games on the new PS2.
Kris Naudus from Engadget writes about how the PlayStation 2 was the first game console she ever bought -- "a big deal at a time when I was only making $135 a week," she. says. Her favorite feature? It could play DVDs.
Movies

Coronavirus: James Bond Postpones Release Date Because It's No Time To Die 47

The release of upcoming James Bond film "No Time To Die" has been pushed back from April To November due to coronavirus fears. "The 25th installment in the storied spy franchise will commence its run on Nov. 12 in the U.K., followed by the U.S. on Nov. 25," reports The Hollywood Reporter. "It was scheduled to open in North America on April 10." From the report: Relocating a tentpole and restarting a marketing campaign that was in full swing is a Herculean task but insiders say hundreds of millions of dollars hung in the balance decision of the ongoing cinema blackout in China and a downturn in moviegoing in markets where COVID-19 is a major issue, including South Korea, Italy and Japan. And there's concern that by early April, other markets could be impacted. "MGM, Universal and Bond producers, Michael G Wilson and Barbara Broccoli, announced today that after careful consideration and thorough evaluation of the global theatrical marketplace, the release of No Time to Die will be postponed until November 2020," read a statement issued by the three parties.

In its new date, No Time to Die has the advantage of going out over the lucrative Thanksgiving holiday in North America (many previous Bond movies also opened in November). The other major 2020 Thanksgiving tentpole is Godzilla vs. Kong, which debuts domestically on Nov. 20. As the coronavirus first began to spread, publicity tours for the movie in China, South Korea and Japan were canceled, and No Time To Die's release in Hong Kong was pushed back until April 30. Aside for the concerns over audience members, the letter said the ongoing coronavirus outbreak could seriously impact the film's box office, noting that the countries to have banned or restricted large public gatherings -- including China, Italy, France, Switzerland, Japan, Hong Kong and South Korea -- contributed some 38 percent of the total global earnings for the last Bond movie, 2015's Spectre.
Businesses

Developers Say Google Didn't Offer Enough Money To Make Stadia Games (businessinsider.com) 51

After years of development and hype, Google's long-rumored push into video games arrived last November, with the launch of Google Stadia. Google Stadia isn't a game console, nor is it a game platform, really -- it's a digital storefront run by Google where you can buy individual games. It's a hugely ambitious new platform, and it aimed to be the Netflix of gaming. What makes Stadia so ambitious? Rather than downloading games or playing them off a Blu-ray disc, Stadia streams games to you wherever you are, like Netflix streams movies and TV shows. However, four months after Stadia's launch, the service is still extremely light on games: Just 28 titles are available as of this week. From a report: We spoke with game developers and publishers who said there are two main reasons their games aren't on Stadia: Google didn't offer them enough money, and they don't trust the mercurial company to stick with gaming in the long term. "We were approached by the Stadia team," one prominent indie developer told me. "Usually with that kind of thing, they lead with some kind of offer that would give you an incentive to go with them." But the incentive "was kind of non-existent," they said. "That's the short of it." It's a statement we heard echoed by several prominent indie developers and two publishing executives we spoke with for this piece. "It's that there isn't enough money there," one of the publishing executives we spoke with said. The offer was apparently "so low that it wasn't even part of the conversation." The "incentive" isn't solely financial, but it's the main part of the equation. "When we're looking at these types of deals," another prominent indie developer said, "We're looking at 'Is this enough money where we have the resources to make what we want, or is this an exclusivity deal that gives us security?'" they said.
The Matrix

Filming of Matrix 4 Brings 'Excitement, Some Damage' to San Francisco (nbcbayarea.com) 100

"It's only been a few months since we learned that The Matrix 4 was actually a real movie that was going to actually happen, and was actually going to star Keanu Reeves, and now the movie is actually filming in San Francisco..." writes Cinema Blend. "However, making things real is apparently causing real damage in the city by the bay."

NBC Bay Area reports: Filming of "The Matrix 4" brought helicopters, explosions and cars flipping in the air to San Francisco over the weekend, but it also resulted in some damage. The heat from the explosions was so intense it melted the covers of a couple building lamps and melted the plastic cover of an advertising street sign. Workers who replaced the plastic said it cost about $2,000...

Filming of "The Matrix 4" in San Francisco wraps up on Sunday.

BGR reports that a few locals shared their own videos of the filming online, including one Twitch social media analyst who found prop cars at the old Transbay terminal that "smelled freshly burnt."

One YouTube user also shared footage of what they describe as "Keanu Reeves or Stunt Double Jumping off building in San Francisco."
Iphone

Apple Won't Allow Villains To Use Its Products on Screen, Says Rian Johnson (inputmag.com) 166

Apple is trying really, really hard to always come off as the good guys. From a report: According to Rian Johnson, director of Knives Out, Apple won't let villains use iPhones on-screen. Apple is so obsessed with how the public conceptualizes its products that the company has taken steps to ensure none of the bad guys ever use its phones in movies. Johnson told Vanity Fair in an interview, "Also another funny thing, I don't know if I should say this or not... Not cause it's like lascivious or something, but because it's going to screw me on the next mystery movie that I write, but forget it, I'll say it. It's very interesting. Apple... they let you use iPhones in movies but -- and this is very pivotal if you're ever watching a mystery movie - bad guys cannot have iPhones on camera."
Businesses

Disney CEO Bob Iger Steps Down, Capping His Career With Disney Plus' Epic Launch (cnet.com) 52

Disney CEO Bob Iger stepped down as CEO today, effective immediately. "Iger -- who spent his entire career at the company and will leave with Disney's titanic transition to streaming with Disney Plus as the legacy capping his tenure -- will remain chairman of the Walt Disney Company until the end of next year, and Disney's head of parks, Bob Chapek, is now CEO," reports CNET. From the report: "With the successful launch of Disney's direct-to-consumer businesses and the integration of 21st Century Fox well under way, I believe this is the optimal time to transition to a new CEO," Iger said in a statement. "I have the utmost confidence in Bob [Chapek] and look forward to working closely with him over the next 22 months."

During his 15-year tenure as Disney CEO, Iger secured the $7.4 billion acquisition of Pixar from Apple CEO Steve Jobs in 2006, as well as the $4 billion acquisition of Marvel in 2009 and the $4 billion purchase of Star Wars studio Lucasfilm in 2012. He oversaw the launch of streaming service Disney Plus at the end of last year, which signed up 28.6 million subscribers in less than three months. Disney also owns streaming services Hulu and ESPN Plus as part of its direct-to-consumer business. Iger was named Time's business person of the year for 2019.

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