Media

Spongebob over the top

Nickelodeon may be next to join the unbundling frenzy: Viacom CEO Philippe Dauman revealed during an earnings call Thursday that his company is looking to launch a paid streaming service with Nickelodeon programming that will be heavily mobile-focused, according to Reuters. Dauman didn’t share any additional details, but said that Viacom will have more to announce next month.

Mashable announced late Wednesday night that it has closed a new round of financing worth $17 million, led by Time Warner Investments — the venture-capital arm of the New York-based media conglomerate — and Business Insider is close to announcing its own new round of funding, said to be worth $25 million and led by German media giant Axel Springer, according to a report in the Wall Street Journal. These investments come not long after a series of large financing deals for both BuzzFeed, which raised a total of $50 million led by Andreessen Horowitz, and Vice Media — which raised $500 million by selling a $250-million stake in the company to A&E Networks (a joint venture between Disney and Hearst) and a similar-sized stake to the venture-capital fund Technology Crossover Ventures.

More Pottermore

Harry Potter OysterThe seven Harry Potter books, plus three spin-off titles, are now available through the ebook subscription site Oyster. The company says Harry Potter has been in its top-ten searches since launch. The Harry Potter series is also available in Amazon’s subscription service, Kindle Unlimited, so the differentiator here is the spin-offs — Quidditch Through the Ages, Fantastic Beasts & Where to Find Them and The Tales of Beedle the Bard — plus a few promotions that Oyster is running around the titles.

Smack talk pays

It looks like the WWE’s online video venture is starting to pay off: More than one million people have now subscribed to WWE Network, the online-only subscription streaming service that provides access to the league’s 12 key events per year, plus access to reality shows and past matches, for around $10 a month. WWE originally tried to hit that milestone by the end of 2014, but is now expected to sign up even more users before the WWE’s signature WrestleMania event in March.

123452,229page 3 of 2,229