Twitter on Monday announced a partnership with Bloomberg Media to launch a 24-hour streaming news service — one of a dozen new content deals Twitter has entered to drive user engagement.
CEO Jack Dorsey and a group of top executives announced the slate of programming agreements — which include concerts from Live Nation, sports from Major League Baseball and the WNBA, and a morning news show from BuzzFeed — at Twitter’s first-ever Digital Content NewFronts presentation.
“We could not be prouder of the success we have achieved so quickly since launching live streaming content, Twitter COO Anthony Noto said, noting that the company has streamed more than 800 hours of live premium content.
“Adding 12 new live deals tonight is a testament to the success of our own on Twitter experience, combining high-quality streaming video with our only-on-Twitter conversation,” he added.
The Bloomberg agreement builds on the firms’ existing relationship — they partnered on the 2016 presidential debates and other programming.
“In an era when most viewers are choosing immediacy over quality in breaking news, traditional media hasn’t kept up,” said Justin Smith, CEO of Bloomberg Media. “With this new network, we are setting out to reinvent the digital news experience.”
Starting this fall, Bloomberg will offer a live, streaming 24-hour, exclusive news feed that will utilize all of the global Bloomberg news resources and include user-generated news content.
Traditional publishers need to expand their content to social media platforms to reach some of their own subscribers, as social media has become the first choice for news consumption by an increasing number of consumers, said Trevor Tomson, vice president for public affairs research at The Associated Press-NORC Center for Public Affairs Research.
“It’s critical for everyone — publishers and new media sources — to engage audiences through social media,” he told the E-Commerce Times.
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In addition to the Bloomberg news service, Twitter’s agreements…