VicTV

venturebeat | January 22, 2020

As mixed reality technologies have continued to gather steam over the past several years, virtual reality companies, including Facebook, have increasingly dipped their toes into the more challenging and nascent augmented reality market. Today, NexTech AR announced that it’s going in the opposite direction, bringing some of its AR tools and assets to the VR world in a new virtual shopping platform. The VRitize platform is designed to let companies leverage assets already created for AR to s...

BUSINESS

KROMA | April 11, 2022

Leading Philippine digital solutions platform Globe Telecom is investing into the creative economy, backing a new "TraDigital" company to promote Filipino talent in the global arena. The new company, KROMA Entertainment, launched on April 6 and introduced a suite of brands that cover the entertainment spectrum, from film production and music to events and talent management.KROMA, backed by the 917Ventures Retirement Fund, promises to revolutionize Philippine entertainmen...

venturebeat | April 01, 2020

Apple said on Wednesday it would stop taking a cut of some sales for “qualifying” streaming video services on iPhones and other Apple devices, including Amazon.com’s Prime Video. To make purchases inside apps on its App Store, Apple requires the use of Apple’s own payment systems and takes a commission of between 15% and 30% before passing on the rest to the third-party app developer.Many of Apple’s rivals in streaming music and video, such as Netflix and Spotify, a...

variety | February 13, 2020

Digital media and entertainment continues to be the biggest lossmaker within Chinese tech giant Alibaba. But the group was able to unveil third quarter revenues up by a third and net income up by more than half. For the three months between October and December, Alibaba saw revenue increase by 38% to $23.2 billion, and net income climb by 54% to $7.21 billion. The Chinese giant was able to claim a milestone of RMB10 billion ($10.4 billion) revenue for its cloud computing business, and a much in-...