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Monday, Oct 3, 2022

Silicon Beach Report April 11: Hulu and Spotify Announce Bundle Subscription

Hulu and Spotify announce bundle subscription; Facebook made $40 billion in ad revenue in 2017; Snap Inc. files FCC documents for next-generation sunglasses.

Hulu and Spotify Announce Bundle Subscription

Hulu and Spotify unveiled a new subscription bundle for streaming customers on April 11, according to Variety. Spotify Premium now with Hulu combines a full Spotify a la carte subscription with Hulu’s entry-level, on-demand service for $12.99 per month. Both plans typically have a combined price tag of nearly $18. The new bundle is initially available only to existing Spotify Premium subscribers in the U.S., who will also be offered a three-month trial subscription to Hulu for 99 cents.

Facebook Made $40 Billion in Ad Revenue in 2017

Mark Zuckerberg is currently testifying in front of Congress about the company’s recent privacy issues involving a third-party data firm’s access to the personal data for 87 million Facebook users without their permission. According to Recode, the company made $40 billion in advertising revenue in 2017. Facebook doesn’t sell users’ data, but it does sell access to users’ activity on the site and gathers data on that activity to filter ads content to users’ interests.

Snap Inc. Files FCC Documents for Next Generation Sunglasses

Snap Inc. filed FCC documents for new Spectacles, first reported by Variety and then The Verge. The filings describe a “wearable video camera” with the Spectacles branding and “Model 002” printed on the packaging. Cheddar recently reported two upcoming versions of Spectacles, including a second-generation model with improved performance and bug fixes set to bow this year, and a $300, third-gen wearable with two cameras and GPS to launch in 2019.

Technology reporter Eli Horowitz can be reached at ehorowitz@labusinessjournal.com. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news


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