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Rupert Murdoch’s News Corporation announced yesterday that their social networking site, MySpace, will not hit its annual revenue target of $1 billion, falling short by some 10%.
Revenue in the third quarter fell from $233 million in the preceding 3 months to $210 million.
As discussed in this blog previously, there is certainly a place for marketing in the social networking sites but are they really the best place to find buyers desperate to buy your product or service?
Will Murdoch offload MySpace if it’s not the cash cow it first seemed? Now, who’s got money to burn?
“Phone call, Mr. Gates..”
The news hasn’t got any better for MySpace since. In our post MySpace Announce Job Cuts Amidst Slump in Market Share we look at how the company has continued to haemorrhage money a year later; becoming part of a wider online issue for News Corp. Whilst visit figures remain decent, Facebook’s dominance is clearly impacting on their financial stability.
The Drum Network has launched a new initiative called ‘Create Britain’ which aims to show the world that Great Britain is still an awesomely creative marketplace, despite Brexit.
Create Britain is an online interactive map that invites businesses from the creative industry to contribute a short video to claim their own pin on the map that links to their video clip. The video clips need to answer one question: ‘What makes British creativity so great?’.
When we think of reality headsets, our immediate thoughts go to viewing the world in a virtual reality (VR) from wherever we are in the world. Whether that be your own living room, office or business, VR headsets allow you to transport yourself into a completely different environment and immerse yourself in that world.
This is what makes HoloLens different.