Periscope “wasn’t a staying force, in the same way that other live streaming services — like the juggernaut of Twitch — would become."
The company's quarterly earnings and revenue solidly beat forecasts, perhaps opening the door to an early-2019 completion of Fox assets acquisition.
The video-streaming unit of search-engine giant Baidu needs capital to fund content development as it competes with Tencent and Alibaba.
The video streaming service added nearly 3.6 million subscribers, far exceeding its own forecast and making up for sluggish Q2 growth.
The deal will make Time Warner channels available to viewers who have been cutting the cable and satellite TV cord.
The acquisition of video streaming provider Ustream adds a fourth piece to IBM's planned enterprise video offering.
