Tubi TV is the largest free movie and TV streaming service in the country. The company has collected 7,000 titles from the likes of Paramount and LionsGate. Farhad Massoudi, CEO & Founder of Tubi TV, was with us to chat about the rapidly evolving TV landscape.
Tubi TV chose the ad supported business model instead of following the footsteps of Netflix and Hulu and adopting a subscription model. Massoudi backs his decision, saying it is
clear consumers aren’t willing to subscribe to yet another subscription service. He adds that most subscription-model streaming services won’t have scale or profitable businesses.
Consumers want more TV, but don’t want to pay more for it.
Tubi TV has invested heavily into technology to find right content for users. Massoudi shares that Tubi TV just launched its Content Personalization Engine. He breaks down why machine learning is essential to streaming tv services. without a.i., you have no future, he says its evolving, and becoming more technology focused.
Amazon and Hulu are having success with original content. Massoudi says there’s been an amazing library content already produced, so he would rather put that content front and center. He adds that most original content isn't good, and the good ones are very expensive.
The union representing Southwest Airlines pilots says it reached a new contract agreement in principle with the airline following three years of negotiations.
U.S. Bank has been hit with a $36 million fine for freezing debit cards that distributed unemployment benefits during the pandemic.
Construction of new homes rose by double digits in November, according to data from the Commerce Department.
Cheddar News' Need2Know is brought to you by Securitize, which helps unlock broader access to alternative investments in private businesses, funds, and other alternative assets. The private credit boom is here and the Hamilton Lane Senior Credit Opportunities Fund has tripled in assets under management in just six months from November 2022 through April this year. Visit Securitize.io to learn more.
Stocks opened lower after the opening bell and on track for its first decline in 10 days after a recent winning streak.
Tesla drivers in the U.S. were in more accidents than drivers of any other car brand this year, according to a study.
The promise of self-checkout was alluring: Customers could avoid long lines by scanning and bagging their own items, workers could be freed of doing those monotonous tasks themselves and retailers could save on labor costs.
Monsanto was ordered to pay $857 million to students and parent volunteers at a Washington school.
A federal judge has struck down hundreds of lawsuits filed against the makers of Tylenol and generic acetaminophen.
California regulators are preparing to vote on new rules for turning recycled wastewater into drinking water.
