Snapchat has lead in augmented reality, Faraday Future founder steps down from CEO role at LeEco, and Hulu signs exclusive video-on-demand deal for ABC’s ‘Fresh Off the Boat.’
In 2017, 40 million people in the U.S. are projected engage with some form of augmented reality at least once monthly, up 30.2 percent from over last year, according to a forecast by eMarketer. Users of Snapchat Lenses comprise the vast majority of the people engaging with augmented reality.
Faraday Future’s founder, Jia Yueting, stepped down from the role of chief executive at the publicly traded unity of LeEco, reports Reuters. The company has started to streamline and cut its debt after rapid spending on expansion efforts led to a cash crunch.
Hulu signed exclusive video-on-demand deal for ABC’s show ‘Fresh Off the Boat,’ reports Variety. The acquisition is part of a new licensing agreement with Twentieth Century Fox Television Distribution, granting Hulu access to all past episodes of the series.
You May Also Like
- Faraday to Lend Factory to China’s LeEco
- Silicon Beach Report Aug. 12: LeEco Building Plant to Be Used By Faraday Future in China
- Silicon Beach Report Nov. 27: Snapchat Launches Augmented Reality Product Placement
- Silicon Beach Report Sept. 14: Hulu Content Spending to Hit $2.5 Billion in 2017
- Silicon Beach Report Nov. 7: Soylent Believes Algae Ingredient Made Customers Sick
- Silicon Beach Report Dec. 28: LeEco Founder's Assets Seized as China Pursues Absent Web Mogul
- Silicon Beach Report Sept. 21: Faraday Future’s Main Backer Receives $1B to Pursue Electric Cars
- Silicon Beach Report Dec. 29: Faraday Future CEO Ding Lei Steps Down