ByteDance, TikTok’s parent company, issued a statement in Chinese emphasizing that it will own a majority stake in TikTok Global, a new U.S.-headquartered entity that will be created as a result of the Chinese company’s recent agreement with Oracle and Walmart. ByteDance’s statement, aimed primarily at the Chinese company’s domestic audience, describes the agreement very differently from how...
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Samsung’s Peacock Standoff with NBCUniversal Shows Power of TV Makers
As streaming TV becomes the default viewing option for Americans, the makers of streaming devices are taking the place of cable operators as gatekeepers, deciding what streaming services will be available to viewers. Increasingly the gatekeepers include not only Roku and Amazon but smart TV makers such as Samsung. NBCUniversal is learning that the hard way as it battles to get its Peacock...
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