Opera Ads, the Norwegian online ad platform has seen a 130% jump in revenue in the past two years, earning more than $80 million in revenue this year. Its daily revenue is up 50%, totaling to $240,000 per day across its mobile products. Opera reaches 350 million users worldwide and plans to roll out a bunch of new ad products and publisher solutions.
Publishers and Newspapers struggling to survive must focus on business readers by offering engagement-based pricing structures, according to the International News Media Association (INMA). The Financial Times has grown its B2B subscriber base from 250,000 to over 625,000, with its corporate rate, in which people who read fewer than nine are free.
Nine Entertainment Co will receive hundreds of millions of dollars to support its newsrooms over the next five years after formalizing deals with Google and Facebook for use of content on their platforms. The two deals were signed early on Tuesday morning, after months of negotiations and the introduction of landmark new media bargaining laws.
Roku has struck its first pay-one window licensing agreement with Saban Films, which provides Roku exclusive rights to offer a selection of Saban’s 2021 film slate in the US and Canada, following theatrical and home entertainment release. The deal is meant to compete with fellow free, ad-supported streamers including Peacock, Tubi, and Pluto TV.
Amazon’s Sidewalk program will start from June 8 through which a sliver of your internet connection will be shared with your neighbors and vice versa. This will be done through a variety of Amazon owned smart devices like Alexa smart speakers/displays, Ring security cameras, motion sensors, doorbells, and more.
Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC are nearing a deal to buy Cloudera Inc. and take the software company private. The exact terms couldn’t be learned, but the company has a market value of nearly $4 billion. Cloudera in March reported revenue of $869 million for its fiscal year ended January 31.
Flash Group, a Thai full-service ecommerce logistics major, said it has raised a cumulative US$150 million from its series D+ and series E rounds to become the country’s first unicorn startup. It accomplished this through its core express delivery service Flash Express and its warehousing and fulfillment arm Flash Fulfillment.