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Services like Netflix and Amazon Prime Video are growing much faster than traditional TV — here's how much

By the end of 2017, about a quarter of US households won't have a traditional TV subscription as "cord-cutting" continues to creep up, according to a new report by The Convergence Research Group.

"We estimate 2016 saw a decline of 2.05 million US TV subscribers, 2015 saw a decline of 1.16 million, and forecast a decline of 2.11 million TV subscribers for 2017," Convergence analysts wrote in the report. All told, that would mean 24.6% of US households won't have a TV subscription from a cable, satellite, or telecom provider by the end of 2017.

Still, revenue for the industry will grow. Convergence estimates that the US cable, satellite, and telco access provider revenue grew 3% to $107.3 billion in 2016, and will reach $109.6 billion in 2017.

London delivery startup Doddle is closing most of its stores after burning through tens of millions of pounds

London delivery startup Doddle is closing most of its high street stores after burning through tens of millions of pounds in investment funding. The company is laying off more than 100 people as it pivots its business model. In 2015 it lost £24 million ($31 million) on just £687,000 ($878,000) in revenue, across dozens of stores. Investors have sunk about £48 million ($61 million) into the company.

In August 2015, Doddle enlisted James Heptonstall, who creates 

Legendary car designer Henrik Fisker will unveil his Tesla rival in August

Legendary car designer Henrik Fisker said his long-range, electric car will be revealed on August 17.

Dubbed the Fisker EMotion, that car will be able to drive for 400 miles on a single charge, Fisker said. It will also have a top speed of 161 mph and will be produced as part of Fisker's newly minted auto company, Fisker Inc.

Fisker EMotion: Coming soon in Aug 17, with a 400 + EV range. Very exciting times!

— Henrik Fisker (@FiskerOfficial) April 23, 2017


Twitch raises incentives for creators
Posted April 24, 2017 0:52 AM
Twitch raises incentives for creators

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Amazon is quietly exploring ways to use self-driving cars to deliver packages (AMZN)

Amazon has quietly formed a team to explore how it can best use driverless technology, the Wall Street Journal first reported Monday.

The 12-person team, formed over a year ago, isn't building self-driving vehicles but is exploring how the tech can be used to improve package delivery, according to the report.

An Amazon spokesperson did not immediately return Business Insider's request for comment.

This isn't the first time we've heard Amazon could make a play in the autonomous driving sector.

In January, Amazon was

A British tech unicorn is trying to cure Alzheimer's and ALS with artificial intelligence

There is no cure for Alzheimer's, even though it's one of the most common diseases in older people.It takes a lot of time and money to produce even the most everyday medicines, let alone a cure for something like Alzheimer's.According to

40 amazing cars that dominated the 2017 Shanghai Auto Show

Over the past decade, China has emerged as a force to be reckoned with in the automotive universe. For most car makers, the Middle Kingdom is either first or second on its list of priorities. Thus, it is only fitting that the 2016-2017 auto show season would come to a conclusion in China's most cosmopolitan city.

The Shanghai motor show presents Chinese consumers with an opportunity to see the latest and greatest offerings from around the world. At the same time, the world's press has the chance to evaluate the newest developments from China's growing contingent of automakers.

The 2017 Shanghai Auto Show is open to the public until April 28 at the National Exhibition and Convention Center.

At this year's show, it is all about the new SUV concepts and production vehicles from China's many domestic brands. Some of the highlights include this HB03 Hybrid and... ... H6 SUV rom Haval as well as... ... the attractive Vision E...

Fling's founder has started a new music streaming startup after burning through $21 million

Marco Nardone, the startup founder who burnt through $21 million (£16 million) as he tried to turn his social media app Fling into the next Snapchat, has started a new music streaming company called Gig FM.

Gig FM, which has a website but is yet to launch, was incorporated by Nardone on January 23, less than half a year after Fling filed for bankruptcy, according to a document filed with Companies House.

Gig FM's upcoming iOS and Android apps will allow musicians to broadcast live performances to Gig FM users in exchange for "Gift Points" that can be cashed out, according to

Mark Zuckerberg wants the smartphone to die so Facebook can control the future (FB)

To understand why Mark Zuckerberg is obsessed with killing the smartphone, you have to go back to a rare public testimony he gave in a Dallas courtroom earlier this year.

Zuckerberg was there to testify in a lawsuit between game maker ZeniMax and Oculus, the virtual reality startup Facebook purchased for $2 billion in 2014.

While he was on the stand, Zuckerberg was asked to elaborate on the implications of Facebook missing out on the smartphone revolution. Zuckerberg had started Facebook in 2004, just after mobile phones were already starting to catch on.

Netflix is taking on over $1 billion in new debt (NFLX)

Netflix is raising another ~$1.08 billion in debt ($1 billion euros), the company announced Monday.

This is par for the course for Netflix, which raised a similar $1 billion in debt in October, primarily to fund its ongoing push into original shows.

"Netflix intends to use the net proceeds from this offering for general corporate purposes, which mayinclude content acquisitions, capital expenditures, investments, working capital and potential acquisitionsand strategic transactions," Netflix wrote in a statement Monday.

In short: Netflix could use the money for anything. But original content is the main driver, Netflix explained in its earnings letter to shareholders last week, as it tried to allay fears about it taking on too much debt.