Netflix acquires exclusive rights to 'The Panama Papers'; SoundCloud may be up for sale for $1B

Text reads breaking news

More online video news from across the web:

> Netflix has acquired exclusive rights to The Panama Papers and will adapt the book into a movie with the help of John Wells Productions. Release

> SoundCloud, a German music streaming company, may be considering a sale that could be valued at $1 billion. Bloomberg Technology article

> Political campaigns are working to bypass news media entirely and provide their message directly to voters, thanks to OTT apps. New York Times article (tiered sub.)

> Meantime, the contentious presidential campaign is putting local TV stations in a precarious position, with the Democratic and Republican camps both trying to get certain ads pulled off the air. Broadcasting & Cable article

> GoPro is likely to report its fourth straight quarter of losses on Wednesday as camera sales decline and its drone launch remains on hold. WSJ article

> Baidu says an offer to acquire its stake in the Chinese online video site iQiyi has been withdrawn. China Daily article

And finally … Apple is buying Carpool Karaoke, an unscripted series based on the viral Late Late Show segment with James Corden, and will distribute it via Apple Music to over 100 countries. Variety article

Suggested Articles

Alan Wolk, co-founder and lead analyst at TV[R]EV, explores what vMVPDs like YouTube TV need to do as their prices approach legacy cable levels.

In the event of a recession, consumers may consider watching streaming video “an austerity measure” compared to other entertainment choices.

Pluto TV, Tubi, Netflix and other streaming video services saw big spikes in viewership during earlier coronavirus-related lockdowns.