Dead rats anyone? Hollywood gets creative to promote movies

Hollywood studios are going to ever more creative lengths to attract attention in a jam-packed entertainment market where social media plays a key role in promoting content. For Matt Damon's October film “The Martian,” in which an astronaut is stranded on Mars, 20th Century Fox Studios hosted a media day last week at the U.S. National Aeronautics and Space Administration's Jet Propulsion Laboratory in Southern California just to promote a trailer

Read more

Facebook to build new data center in Fort Worth

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall. Facebook will invest at least $500 million in the global data center, a spokesperson said, and will employ at least 40 full-time employees.

Read more

Tencent first quarter revenue beats estimates as video, social ad sales drive gains

By Paul Carsten BEIJING (Reuters) – Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first quarter revenue as a drive to sell more advertising on its social networks and entertainment services began to pay off. Tencent's social networks are as ubiquitous in China as Facebook Inc is in many parts of the world, and the company has said it wants to emulate the success of its U.S

Read more

Facebook to let nine news companies publish news to mobile feeds

(Reuters) – Facebook Inc tied up with nine news publishers to launch “Instant Articles” that will let them publish articles directly to the social network's mobile news feeds. Instant Articles will let stories load more than 10 times faster than standard mobile web articles and will include content from publishers such as the New York Times, BuzzFeed and National Geographic, Facebook said in a blog post on its website

Read more

Tencent, Bank of Beijing launch $1.6 billion online banking tie-up

Bank of Beijing will extend Tencent Holdings Ltd a 10 billion yuan ($1.6 billion) credit line, part of a partnership that helps the Chinese Internet firm better compete in online finance with rival Alibaba. The partnership will focus on the bank's Jingyitong initiative, which lets users swipe a chip-enabled card at hospitals to obtain medical care and other services, Tencent and Bank of Beijing said on Wednesday. In January, Tencent began trial operations of its WeBank service to issue loans to individuals and small and medium-sized businesses

Read more

Twitter cuts revenue forecast, shares slump

Twitter Inc reported quarterly revenue that fell short of Wall Street estimates and cut its full-year forecast because of weak demand for its new direct response advertising, sending shares down as much as 24 percent on Tuesday. Twitter forecast 2015 revenue of $2.17 billion to $2.27 billion, down from its earlier forecast of $2.3 billion to $2.35 billion.

Read more

Top bankers need to take cyber threat seriously: BoE

By Matt Scuffham and William Schomberg LONDON (Reuters) – Top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough, financial policymakers at the Bank of England say. Cyber crime costs the global economy $445 billion a year and the bill is rising, according to the Center for Strategic and International Studies

Read more

China’s Tencent, Warner Music partner for music streaming

BEIJING (Reuters) – Chinese fans of Linkin Park and Jason Mraz will be able to stream licensed music from Tencent Holding Ltd after the internet firm said on Thursday it had signed a distribution deal with Warner Music Group (WMG). In a statement, the two companies said the deal would help music companies and artists by giving consumers better access to licensed music. The terms of the deal were not disclosed

Read more