TechTaffy

tech:

taffy

Time Launches Digital Video Unit

By TechTaffy Desk

[Techtaffy Newsdesk]

Time has launched a new, centralized digital video unit, which will manage digital video production, development and strategy across Time brands. The unit will be managed by J.R. McCabe, who has been appointed to the new role of Senior Vice President, Video effective immediately. Mr. McCabe reports to Todd Larsen, Executive Vice President and Group President, News and Sports at Time, who is overseeing the new unit for the Company.

Mr. McCabe joins Time from Meredith Corporation, where he served as VP/Chief Video Officer. In his new role at Time, he will be responsible for growing the volume of digital video products across the company, developing quality video, and identifying new channels of distribution. The existing video teams will be consolidated under Mr. McCabe and will work closely with editorial teams at the brands and the sales force as they build the business.

Time, a division of Time Warner, is one of the largest branded media companies in the world. The company engages more than 138 million U.S. consumers in print, online and via mobile devices each month.

[Image courtesy: Time]

Just in

Series E

Vercel raises $250M

San Francisco-based Vercel, a frontend cloud platform provider, has secured $250 million in Series E funding, bringing the company's valuation to $3.25 billion.
Series A

Worky raises $6M (Mexico)

Mexico City-based Worky, a provider of HR and payroll software solutions for Mexican companies, has closed a $6 million Series A financing round.
Industry

Amazon announces $1.31B investment in France

Amazon has announced a new investment of about $1.31 billion (€1.2 billion) in France, which the company says will lead to the creation of over 3,000 permanent jobs in the country.
Around the web

Amazon Web Services CEO Adam Selipsky to step down — CNBC

Adam Selipsky, CEO of Amazon’s cloud computing business, will step down from his role next month. Matt Garman, senior vice president of sales and marketing at Amazon Web Services, will succeed Mr. Selipsky after he exits the company June 3, writes Annie Palmer. 
AI

Palo Alto Networks, Accenture expand alliance to offer generative AI services

Palo Alto Networks and Accenture have announced the expansion of their strategic alliance to provide new offerings that combine Palo Alto Networks' Precision AI technology with Accenture's secure generative AI services.