J57 Internet Publishing and Broadcasting

Twitter plunges as fight against fake accounts hits monthly user data

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Original article by Selina Wang
The Australian Financial Review – Page: Online : 28-Jul-18

Twitter shares fell by 21 per cent to $US34.12 on 27 July after it reported that its monthly users were down by a million in the second quarter when compared to the first quarter. The 21 per cent fall was the biggest one-day fall in Twitter’s shares since February 2014. Twitter cited a number of reasons for the decline in user numbers, including new privacy rules in Europe Twitter also advised that it expected its EBITDA for the third quarter to be as much as $US235 million, compared to analyst forecasts of up to $US268 million.

CORPORATES
TWITTER INCORPORATED MACQUARIE SECURITIES (USA) INCORPORATED BTIG LLC PIVOTAL RESEARCH

Google hit with $6.9bn EU fine

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Original article by Darren Davidson
The Australian – Page: 17 & 19 : 19-Jul-18

Google has been ordered to pay a record fine of EUR4.34bn ($6.9bn) for breaching anti-trust laws in Europe. The case centred on Google’s practice of requiring smartphones that use the Android operating system to be sold with Google’s own apps and services already installed. The European Commissioner for Competition, Margrethe Vestager, says Google has sought to entrench the dominance of its search engine via Android. The European Union had previously fined Google EUR2.42bn in 2017 for giving its own products and services priority in search engine results.

CORPORATES
GOOGLE INCORPORATED, ALPHABET INCORPORATED, UNLOCKD PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, DOUBLECLICK INCORPORATED, NEWS CORPORATION – ASX NWS, FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, APPLE INCORPORATED, AMAZON.COM INCORPORATED, EMARKETER INCORPORATED

Facebook bill for 300,000 Aussies

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Original article by Ben Butler
The Australian – Page: 3 : 11-Jul-18

The Office of the Australian Information Commissioner has received a formal complaint about Facebook regarding the Cambridge Analytica scandal. The number of Australians who were affected by the data breach is estimated to exceed 300,000, and they may be entitled to compensation for breach of privacy. Nathan Landis of litigation funder IMF Bentham notes that the average compensation payout ranges from $1,000 to $10,000, which suggests that Facebook’s total liability could be between $3m and $3bn. The complaint was lodged by IMF Bentham and law firm Johnson Winter & Slattery.

CORPORATES
FACEBOOK INCORPORATED, CAMBRIDGE ANALYTICA LLC, AUSTRALIA. OFFICE OF THE AUSTRALIAN INFORMATION COMMISSIONER, IMF BENTHAM LIMITED – ASX IMF, JOHNSON WINTER AND SLATTERY, AUSTRALIA. OFFICE OF THE FEDERAL PRIVACY COMMISSIONER, GREAT BRITAIN. OFFICE OF THE INFORMATION COMMISSIONER, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Media probe pledge to protect journalism

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Original article by Dana McCauley
The Australian – Page: 19 & 23 : 4-Jul-18

Australian Competition & Consumer Commission chairman Rod Sims says Facebook and Google are "clear competitors" to traditional media companies with regard to advertising revenue. He has told a conference in Sydney that the ACCC’s investigation into digital platforms will examine whether their growing share of ad revenue is having an impact on quality journalism in the publishing and broadcasting sector. Digital companies’ collection and use of consumer data will also be scrutinised by the inquiry.

CORPORATES
FACEBOOK INCORPORATED, GOOGLE INCORPORATED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CAMBRIDGE ANALYTICA LLC, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Disrupt or be disrupted: Netflix co-founder

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Original article by Chris Griffith
The Australian – Page: 21 : 27-Jun-18

Netflix’s co-founder Marc Randolph addressed a conference in Sydney on 26 June. He stressed that companies need to be disruptive themselves in order to avoid becoming a casualty of disruption. He cited the example of former video giant Blockbuster, which declined a deal with Netflix during the streaming video giant’s early years. Blockbuster’s business model was subsequently disrupted by Netflix to such an extent that it is no longer in business. Randolph also said people do not need any skills in order to be innovative and disruptive.

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NETFLIX INCORPORATED, BLOCKBUSTER VIDEO SUPER STORES

Red-faced Optus lets SBS screen games

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Original article by Brad Norington
The Australian – Page: 3 : 21-Jun-18

SBS will simulcast all remaining matches in the group stages of the FIFA World Cup following the technical issues that have plagued Optus’s live streaming coverage. Optus CEO Allen Lew had previously expressed confidence that the problems had been resolved. However, he has announced that Optus will offer free access to its World Cup coverage until the end of August and paid subscribers will receive a full refund. Optus will also consider compensation requests from advertising partners for its World Cup coverage. Meanwhile, Spain has defeated Iran 1-0 in the latest World Cup match.

CORPORATES
SPECIAL BROADCASTING SERVICE (SBS), SINGTEL OPTUS PTY LTD, WORLD CUP, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ENGLISH PREMIER LEAGUE

Optus confident it has sidelined World Cup streaming glitches

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 20-Jun-18

Optus will provide an update on 20 June regarding the actions it has taken to address problems with its live streaming of the FIFA World Cup. However, the telco believes that it has resolved the technical issues that forced it to allow broadcast partner SBS to televise matches that were to have been exclusive to the Optus Sport service. Marketing expert Michelle Gamble says Optus’s advertising partners for its World Cup coverage may seek compensation from the telco. Meanwhile, Russia has defeated Egypt 3-1 in the latest World Cup match.

CORPORATES
SINGTEL OPTUS PTY LTD, SPECIAL BROADCASTING SERVICE (SBS), MARKETING ANGELS CONSULTANCY, HISENSE AUSTRALIA PTY LTD, REBEL SPORT LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

World Cup fail: Optus gives SBS games

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Original article by Tom McIlroy
The Australian Financial Review – Page: 3 : 19-Jun-18

The problems Optus has experienced with its live streaming coverage of the soccer World Cup has prompted it to allow SBS to simulcast extra matches. Optus CEO Allen Lew says the telco has resolved the technical issues, although some customers are expected to continue to experience problems for several days. As a result, SBS will broadcast six matches that were to have been exclusive to the Optus Sport streaming video service. The technical problems were caused by a surge in demand for the Optus service. Meanwhile, England has defeated Tunisia 2-1 in the latest World Cup match.

CORPORATES
SINGTEL OPTUS PTY LTD, SPECIAL BROADCASTING SERVICE (SBS), SINGAPORE TELECOMMUNICATIONS LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Optus takes aim at more Euro football

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Original article by Max Mason
The Australian Financial Review – Page: 30 : 18-Jun-18

Optus aims to expand its soccer coverage by seeking to gain the Australian broadcasting rights to a number of domestic competitions in Europe. Optus will broadcast every match of the 2018 World Cup in Russia, while it has held the English Premier League rights since 2015. There is also speculation that it is set to gain the EUFA Champions League broadcasting rights, which are currently held by Al Jazeera-owned BeIN Sports Australia.

CORPORATES
SINGTEL OPTUS PTY LTD, WORLD CUP, ENGLISH PREMIER LEAGUE, BEIN SPORTS AUSTRALIA, AL JAZEERA, TELSTRA CORPORATION LIMITED – ASX TLS, THE A LEAGUE PTY LTD, THE W LEAGUE, SOCCEROOS, MATILDAS, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE

Google braces for conga line of claims

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Original article by Michael Pelly
The Australian Financial Review – Page: 33 : 15-Jun-18

Mills Oakley partner Stuart Gibson says at least 20 defamation cases against Google could proceed after the High Court ruled that Michael Trkulja can take legal action against the digital giant. Gibson represented Trkulja in his bid to overturn the Victorian Court of Appeal’s ruling that he had no prospect of success in his claim against Google. Trkulja launched legal action after search engine results implied that he was linked to Melbourne’s underworld.

CORPORATES
GOOGLE INCORPORATED, MILLS OAKLEY LAWYERS PTY LTD, HIGH COURT OF AUSTRALIA, COURT OF APPEAL (VICTORIA), YAHOO! INCORPORATED, UNIVERSITY OF SYDNEY