So, like Go90 for grandparents?

Fox news launched a new streaming app titled ‘Fox Nation’ yesterday in its quest to ‘youth’ up its aging audience. The Hustle Sponsored by Fox Nation is a streaming service for Fox fanatics, but it won’t out-stream Netflix Yesterday, Fox News launched a subscription streaming service called Fox Nation designed to deliver hundreds of hours […]


November 28, 2018

Fox news launched a new streaming app titled ‘Fox Nation’ yesterday in its quest to ‘youth’ up its aging audience.

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Fox Nation is a streaming service for Fox fanatics, but it won’t out-stream Netflix

Yesterday, Fox News launched a subscription streaming service called Fox Nation designed to deliver hundreds of hours of exclusive extra content to Fox superfans for $5.99/month.

As tech giants and cable companies fight over the future of TV, Fox is the latest of several networks (HBO, Showtime, CBS) to create its own stand-alone streaming service — and it faces the same upstream battle to beat big bundlers.

To bundle or not to bundle, that is the question

Streaming services (Netflix, Amazon Prime Video) provide on-demand content, skinny bundles (Hulu, Sling, Youtube TV, DirecTV Now) offer a mix of on-demand content and live network TV channels, and stand-alones (HBO, CBS, and now Fox) offer content from 1 network.

No single option will win: But since streaming giants have billions of dollars to make original content and skinny bundles benefit from cable’s variety, stand-alone networks need fanatical audiences just to survive…

Thankfully, Fox fans are die-hards

“We have fans,” Fox executive John Finley told The New York Times. “Other news organizations simply have viewers.”

Although Fox has a median viewer age of 65, the network has been the most-watched cable network for 26 consecutive months, and its committed fan base is growing among younger viewers.

Other network-specific streaming apps like CBS All Access and HBO Now failed to make a big revenue impact for their parent networks after their launch. But, unlike other channels, Fox is pitching its new service as a source of complementary content for its “superfans.”

An extra, not an alternative

Fox’s new streaming service will allow Fox fans to spend even more (exclusive) time watching Tomi Lahren and other popular Fox figures.

While the popularity of Netflix and Hulu has continued growing rapidly, network-specific streaming apps will likely continue to make modest revenue contributions to their parent networks.

For now, Fox will make sure its extra content will end by 7pm every night — in time for its cable heavyweights like Sean Hannity. But since 60% of young viewers only watch streaming TV, using Fox Nation to keep superfans jazzed is a band-aid solution, not a long-term Netflix-fix.

This network gives zero Fox

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Apple unveils app development camp the same day it appeals its app-based antitrust suit

On Monday, the company unveiled its new Entrepreneur Camp that will create an intensive coding lab, specialized in support and ongoing mentoring for female app developers.

The camp will bring women to Apple’s HQ for 2 weeks a quarter to assist with coding, marketing and other mentorship while putting female developers on a fast-track with pre-existing prototypes and ideas for improving apps that are already in Apple’s App Store.

The disparity is real

Female founders have always faced more difficulty than men when it comes to funding. Last year, women received $1.9B in funding, compared to the $83.1B spent on men.

Of course, women-led tech startups delivered a 35% higher return on investment than male-led tech startups — but who’s counting??

But, it’s not developers who have been vocal about getting screwed over by Apple’s app ecosystem, it’s consumers.

On Monday, Apple pleaded with the Supreme Court to stop from moving forward with an antitrust lawsuit — brought on by consumers — accusing Apple of monopolizing its App Store, which offers more than 2m apps.

Quite the quandary

The tech giant has long collected a 30% commission fee from developers on app sales, which forces developers to hike their prices — clearly, nothing app developers (who earned more than $26B through the App Store last year) are losing sleep over.

After all, what company in its right mind would speak up and risk losing its spot on the American Dream Team with the Michael Jordan of corporations?

» Apple’s got worms

This $125m pig poop partnership plans to save the climate one turd at a time

The world’s largest pork producer, Smithfield Foods, partnered with utility company Dominion Energy to launch a 10-year, $250m poop project that will harness methane from pig manure to heat homes.

Out-of-control manure mounds have increased US methane emissions 71%. This stinky solution will lay waste to greenhouse gases, cutting CO2 emissions by an equivalent of 700k homes.

Business from the Poop Lagoon

Hog lagoons are a foul-smelling byproduct of the big bacon business: When Big Pig producers send their little piggies off to market, they deposit the mountains of manure left behind into poop lagoons.

These ponds o’ poop produce oodles of methane — a greenhouse gas 25x as potent as CO2. But methane also has a business use: Dominion can convert poop-fumes into biodiesel.

One company’s crap is another company’s treasure

With Dominion’s help, Smithfield plans to cover 90% of its poop ponds in North Carolina and Utah with high-density plastic, capturing methane and adding it to Dominion’s 65k-mile pipeline.

The poop partnership is a small, smelly step in the right direction for both companies: Smithfield hopes it will help reduce its carbon footprint 25% by 2025, and Dominion hopes it will increase its renewable gas to 4% of its total.

Smithfield’s first attempt to convert its waste into fuel 13 years ago was a $30m failure, but this time, Smithfield thinks its sh*t sales will be less of a sh*tshow.

» Poop lagoon

A Vietnamese ed-tech startup called Topica raised $50m

Topica, one of the seasoned veterans of Vietnam’s burgeoning startup ecosystem, has closed a $50m Series D, making it one of the largest funding rounds for a Vietnamese tech company to date.

Topica was founded a decade ago and claims to have since helped more than 1m adults through its online education platform, as it covers 6 of the largest countries in Southeast Asia.

The digital economy is boomin’ in Southeast Asia

While it still has a long way to grow before filling the shoes of China and India, Southeast Asia’s digital market is certainly hot right now.

Home to a cumulative 650m people, Southeast Asia has 350m internet users across its 6 largest countries (more than the entire US population), and the region’s digital economy is on pace to reach $72B this year, up from $50B last year and $19.1B in 2015.

And the fun doesn’t stop there

Southeast Asia has recently raised its projections for the size of its internet economy from $200B by 2025 to $240B — triple its current size.

The biggest driver currently? Online travel, which accounts for $30B in revenue, just ahead of e-commerce at $23B.

HOT TAKE
Lindsey Quinn, Managing Editor at The Hustle
@LimbsySquid

Expect huge bidding wars over Indonesian upstarts in the coming years (re: Walmart-Amazon battle for India’s Flipkart): 1. It’s the 4th most populated country 2. 3rd largest # of internet users (and still only ~42% of pop.) 3. No US e-tailer has a strong presence there — yet.
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