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Best of the Blogs, Media: High Twitter Traffic Interrupts Olympic Event Coverage


Plus, Netflix leads to growth in home entertainment industry.

This column highlights the most interesting and useful financial commentary on media from around the Web every Monday.

Link: Twitter Users Disrupt the BBC's Olympics Cycling Coverage
"Spectators using Twitter jammed the transmissions of data from Sunday's men's cycling race, disrupting the BBC's coverage of the event, according to Olympics organizers.

"The BBC blames the Olympic Broadcasting Service for the lack of data, which led commentator Chris Boardman to estimate the racers' timings with his own watch. The International Olympic Committee, however, blamed fans' tweets for blocking the information. Such data is sent via tiny GPS transmitters on the racers' bikes."

Link: Thank Netflix: Home Entertainment Biz Is Growing Again
"Will the moribund home entertainment sector actually finish 2012 up over 2011?

"Year-over-year growth in Hollywood's 'homevid' business hasn't happened since George W. Bush was midway through his second term, with the market following the inexorable decline of DVD. But on Sunday, studio-backed research firm the Digital Entertainment Group released data showing that the US home entertainment industry is up 1.4% through the first six months of the year.

"The digital side of the business generated $2.4 billion during this period, according to the DEG, a 78% uptick. Leading the way has been subscription video on demand, which the group says has spiked in revenue by 430% for the first six months to $1.1 billion.

"With Netflix (NFLX) reporting $1.04 billion in US streaming revenue during the first two quarters, it's easy to tie this metric to Los Gatos, Calif. Yes, it's all true you - the company with the cratering stock price has turned the home entertainment business around."

The New York Times: Media Decoder
Link: Spin Announces Layoffs and Drops Nov./Dec. issue
"Two weeks after its takeover by an online media company, Spin magazine's future as a print publication was cast further into doubt on Friday when 11 employees - a third of the staff - were laid off and publication plans for the bimonthly magazine were suspended.

"Whether Spin, an alternative music magazine founded in 1985, will disappear in printed form altogether is unclear."

Hollywood Reporter
Link: TCA 2012: CBS News Execs Stress Accuracy Amid Flurry of Competitor Gaffes
"CBS News (CBS) chairman Jeff Fager opened the final session of the network's summer press tour Sunday with a soliloquy about the CBS News mission of quality reporting. It was a speech that alluded to gaffes at competing news organizations."

CNN: Marquee Blog
Link: James Franco's Latest Job? Fashion Photographer
"Every time we turn around, James Franco has picked up a new gig.

"The busy actor/writer/director/student recently served as photographer for 7 For All Mankind's (VFC) fall campaign, reports E! Online.

"The denim brand released footage from the shoot, which was held at the famed Hollywood Forever Cemetery and features the likes of model Lily Donaldson. Franco waxed poetic about the fashion-forward opportunity."
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