NBC Universal became the latest major media group to buy into Web communities yesterday with the US$600m acquisition of the iVillage network of women's Internet sites.
Media conglomerates looking for a response to the fragmentation of their TV audiences and the threat of online film piracy have turned to community sites as an alternative outlet for supplying content and screening adverts. News Corporation, owner of the Fox TV network and 20th Century Fox film studio, led the way last year by spending US$580m on Intermix Media, the owner of teenage Web site network MySpace.com.
Viacom, owner of MTV and the Paramount film studio, followed suit by taking over virtual pet site Neopets and iFilm, an online short film service.
Bob Wright, chairman of NBC Universal, said iVillage and its 14 million users would be the "base" for putting its content online. The US group's TV shows include The Tonight Show, with Jay Leno, and Scrubs. Its film studio arm, acquired from Vivendi Universal three years ago, recently released King Kong and War of the Worlds.
The iVillage sites provide articles, message boards, Web logs and quizzes under sub-headings such as "pregnancy & parenting" and "love & sex". Details of how NBC Universal will feed its content into the iVillage sites were sketchy, but Wright said "all" NBC Universal content could be made available on the sites.
Beth Comstock, head of digital media at NBC Universal, added that the company was preparing to produce unique content for the sites "from day one" and would also build up a male audience. NBC Universal expects its digital businesses to generate revenues of US$200m this year, which compares with revenues of US$14.7 billion for the company as a whole last year.
"There is content that we will be able to repurpose from existing programming. We can create totally new content. We have digital production capabilities that already exist within NBC Universal, so it would not be difficult for us to start cranking up production," she said.
Jeff Zucker, head of NBC Universal's TV operations, acknowledged that established media groups were having to follow their customers and advertisers on to the Web. He denied that iVillage would be used only as a promotional tool for NBC Universal content.
"It is an acknowledgement that people are looking for content in many different places, as are advertisers ... the consumer and the Web site are looking for a whole new experience and this takes us into a whole new arena," he said.
CSBC Corp, Taiwan (台灣國際造船) yesterday released the first video documenting the submerged sea trials of Taiwan’s indigenous defense submarine prototype, the Hai Kun (海鯤), or Narwhal, showing underwater navigation and the launch of countermeasures. The footage shows the vessel’s first dive, steering and control system tests, and the raising and lowering of the periscope and antenna masts. It offered a rare look at the progress in the submarine’s sea acceptance tests. The Hai Kun carried out its first shallow-water diving trial late last month and has since completed four submerged tests, CSBC said. The newly released video compiles images recorded from Jan. 29 to
DETERRENCE EFFORTS: Washington and partners hope demonstrations of force would convince Beijing that military action against Taiwan would carry high costs The US is considering using HMAS Stirling in Western Australia as a forward base to strengthen its naval posture in a potential conflict with China, particularly over Taiwan, the Wall Street Journal reported on Saturday. As part of its Indo-Pacific strategy, Washington plans to deploy up to four nuclear-powered submarines at Stirling starting in 2027, providing a base near potential hot spots such as Taiwan and the South China Sea. The move also aims to enhance military integration with Pacific allies under the Australia-UK-US trilateral security partnership, the report said. Currently, US submarines operate from Guam, but the island could
RESTRAINTS: Should China’s actions pose any threat to Taiwan’s security, economic or social systems, China would be excluded from major financial institutions, the bill says The US House of Representatives on Monday passed the PROTECT Taiwan Act, which states that Washington would exclude China from participating in major global financial organizations if its actions directly threaten Taiwan’s security. The bill, proposed by Republican Representative Frank Lucas, passed with 395 votes in favor and two against. It stipulates that if China’s actions pose any threat to Taiwan’s security, economic or social systems, the US would, “to the maximum extent practicable,” exclude Beijing from international financial institutions, including the G20, the Bank for International Settlements and the Financial Stability Board. The bill makes it clear that China must be prepared
Taiwanese trade negotiators told Washington that Taipei would not relocate 40 percent of its semiconductor production to the US, and that its most advanced technologies would remain in the nation, Vice Premier Cheng Li-chiun (鄭麗君) said on Sunday. “I told the US side very clearly — that’s impossible,” Cheng, who led the negotiation team, said in an interview that aired on Sunday night on Chinese Television System. Cheng was referring to remarks last month by US Secretary of Commerce Howard Lutnick, in which he said his goal was to bring 40 percent of Taiwan’s chip supply chain to the US Taiwan’s almost