. >> reporter: i'm julia boorstin here in southern california, where they're making improvements ahead of the fall football season. we'll give you a look at the most cutting edge technology being deployed at live venues like this one, coming up on "nightly bus >>> facebook is ramping up its use of artificial intelligence to combat terrorist content on its site. the company said it would use things like image matching and language tools quickly to identify and take down questionable posts. facebook and other social media sites have faced mounting pressure to do more to remove extremist content. >>> and amazon is reportedly interested in buying corporate chat room platform slack. bloomberg reports the startup could be worth at least $9 billion, giving it the potential to be amazon's largest purchase yet. slack would bolster amazon's enterprise services business. discussions about a possible deal may not continue. >>> with so many options for home entertainment, people may not be as eager to leave their living rooms to attend an event. some stadiums are turning to all kinds of technology

julia boorstin is th >> reporter: e-3 is drawing around 55,000 gamers and industry executives here to the los angeles convention center to check out the latest gaming hardware and software. the biggest console announcement this year is from microsoft. >> today we're proud to welcome the newest member of our xbox family, fittingly named xbox 1x. >> reporter: the new console costs $499. $100 more than sony's comparable p schlts ps4 pro. but it features higher definition graphics. >> if you want the ultimate, the most powerful console, and gamers want the most powerful conso you wt true 4k gaming. >> reporter: playstation 4 continues to dominate, sony announcing more subscribers to its plus service. game makers have shifted their focus away from the one-time sale of the game to ongoing digital . one of the games electronic arts unveiled, one that features low cost goods that drive what's called microtransactions, which add up to an increasingly important source of revenue. ea and other game makers are also investing in e-sports to keep their gamers engaged. >> 20 million players, we're b

julia boorstin is following the money from cannes advertising festival. >> reporter: snap looms over the seaside quazette. with snap's giant ferris wheel as it fights to grow ad dollars. and pinterest is here with new search technology with these interactive kiosks. facebook and google with these giant cabanas in cannes that dominate the beach as well as the digital ad market. google just yesterday announced more steps to combat extremist contest. >> there were the issues around measurement and then right behind that in the beginning of this year, we had all this noise and it's real noise about brand safety. and i think those are really the underlying issues that are facing marketers today. >> reporter: so how do you address those issues? google talked about how they're investing in premium content for youtube, paying for professional shows featuring big stars. and we're hearing from snap, pin pinterest and traditional media giants here talks about top-tier talent which is safer advertisers on a range of platforms whether it's old-fashioned television or a story for snap stories. cnb

i'm julia boorstin in california. >>> speaking of the code conference, venture capitalist mark andriesen says robots are not stealing jobs. that is contrary to what some are predicting will happen more and more in the labor market. he used concerns over self-driving vehicles as an example, arguing that this new industry will create many sub-industries and therefore jobs. >> it's a recurrent panic that happens every 20, 50 people, people are all amped up that machines will take jobs and it never happens. this goes to kind of the fundamental kind of flaw in the logic, which is technological change causes productivity growth. productivity growth lets us produce more of what we already make with the resources. that's what frees up the spending power to create lots of new things, lots of new demand. that's what creates new industries. 100 years later, we look bs. back on it and say, i can't believe anybody was ever a blacksmith. >> we have two guests with opposing views on whether or not robots are stealing jobs or will steal them in the future. a professor at columbia university who says rob

i'm julia boorstin in california. >>> that's "nightly business report" for to night.brewer . thanks for watching. nice to see you, bill. >> yes, good night fellow content creator. i'm bill griffeth. have a great evening, everybody. we will see you again tomorrow ♪

julia boorstin takes a look at what could be facesbook's next venture. >> reporter: netflix and hulu,atch out. facebook executives have been making rounds in hollywood meeting with the studios and talent agencies about creating all sorts of shows to be exclusive to facebook. >> if they don't start investing in traditional tv-like content, their growth will slow more meaningfully. >> reporter: facebook's vp of media partnership nick grudin saying "we're focused on episodic shows and helping all our partners understand what works across different verticals and topics. we're funding these shows directly now but over time we want to help lots of creators make videos funded through revenue sharing." facebook already commissioned unscripted shows from vox among others, but facebook is also interested in more traditional scripted tv shows. "the wall street journal" reporting facebook is willing to spend up to $3 million per episode. which is in line with the cost of some shows on amc and netflix. this comes as facebook along with google face demands from advertisers for brand safety. these n

julia boorstin in los angeles with a look at what to expect. julia?reporter: scott, i'm here at ea play where they're demoing their latest experiences for tens of thousands of fans. with ea shares up around 40%, just this year, growing digital revenue, the company's been shifting its approach to constantly update games. while providing new opportunities for gamers to spend money. ea is doubling down on east force to keep gamers engaged. >> we've run great tournaments this past year with madden we also have one of the biggest announcements in this show, that we're bringing it to battlefield. we're bringing new maps. a whole east sports component to the game we think it will be a meaningful thing for us. >> reporter: and microsoft unveiled its new console, called xbox 1x. it costs $499. $100 more than sony's comparable cs 4 pro it has higher definition graphics microsoft games tells us the price is worth it. >> our vision really is to kind of jump to the next generation of 4k gaming what we have with xbox is the best choice for a gamer. if you want the

julia boorstin is offering more. hey, julia. >> a lot is at stake, not just for warner brothers but the whole industry and future female super heroes. "wonder woman" has brought in $11 million from theaters. >> that puts it on track to bring in $95 million in u.s. ticket sales this weekend. it's boosting hopes it will help turn around the slumping summer box officer, which is down over 7% from the beginning of may compared to the same period last year. "wonder woman" is a big risk for warner brothers, which spent a reported $150 million to make the film. it's also key for warner brothers d.c. comic franchise ahead of "just nice i tis league" which opens in november. and it helps the super heroes stands up to the marvel films. the stakes are particularly high after big budget "king arthur" bombed last month. "wonder woman" faced a backlash. see more only screenings in austin and new york have drawn complaints. it's a huge hit, though, we could see other studios focus more on female-driven super hero movies. "marvel kwa

julia boorstin's in los angeles with more on this. julia?porter: hey, that's right, melissa, snap shares dropped another 4% today, bringing the stock down a total 22% over the last month now the latest blow, today citi lowered its estimate and cut its rating on the stock from buy to neutral, citing concerns about user and revenue growth as well as the pending lock-up period expiration looming, which starts at the end of july this is the fourth critical analyst note just this week as investors become increasingly concerned about snap's ability to grow its daily active users in light of growing competition from facebook and instagram. now, analyst anthony diclementee put a reduced rating and $14 price target on the stock and issued a note highlighting data from sensor tower, indicating declines in the number of worldwide downloads of snapchat's app in the first two months of this quarter now, earlier this week, oppenheimer weighed in with concerns about new advertiser adoption of snapchat, saying it's slower than expected but added that revenu

julia boorstin is in los angeles. >> reporter: stocks fell 4%, bringing it down 22% over the last monthnow the latest proceed, city citi lowered its ratings from buy to neutral. heavy concerns about user and revenue growth as well as a pending lockup operation, looming at the end of jewel. this is the fourth critical analyst note just this week as investors become increasingly concerned about snap's ability to grow its daily active users in light of growing competition from facebook and instagram. an lests 'ut the reduced rating at a $14 price target. highlighting new data from a company sensor tower. >> that indicates decline in the number world wide downloads of snapchat app, the first two months of this quarter. oppenheimer weighed in about adoption after snapchat saying it's slower than expected but added that revenues should ramp up in the second half of this year. all of this is in sharp contrast, in contrast to this negative september imt on snap, today they issued a new note on facebook, seeing that facebook could triple its revenue by the year 2022, with an overrating on the st

julia abnorm julia boorstin is there with the big moves. >> reporter: good morning to you.ens of thousands of ad executives will walk this beach as digital ad platforms try to lure more ad dollars facebook and google not only dominate digital ad market, they dominate the beach as you can see from branded beach ka ban as, challenges are in focus, google yesterday saying doing more to combat extremist contact. and reassuring brand safety from the two giants >> there were issues around measurement, then right behind that in beginning of this year we had all this noise and it is real noise about brand safety. i think those are really the underlying issues that are facing marketers how do you address those issues. >> the most prominent brand visually is snap with giant ferris wheel looming over the beach. as snap chat grows to fight ad dollars. pinterest, with interactive kiosks, the visual search here making a splash on the beach, oracle and ibm, putting ai technology in the spotlight. they offered tools to help brands better measure who is seeing their ads, what kind of impact

lions advertising festival is underway where ad giants are debating where to put their money next julia boorstins there and sat down with a ceo of the largest ad conglomerate. >> we talked to sir martin sorrell about where his clients with putting their ad dollars in the likes of concerns about accountability and brand safety. he said facebook and google which have a big presence here are under growing scrutiny >> there's fake news, there's measurability, there's fraud, transparency, all these issues are placing a lot of focus on the duopoly, google and facebook control 75% of digital advertising, which in turn is 30% of the market, so 22%, 23% of the worldwide advertising market is controlled by those digital duopolies. >> he says his clients would like to have a third major option as an alternative to that facebook/google duopoly. i asked whether snapchat, which also has a presence in cannes, could be the third giant >> i think to be fair, if you asked me that question six months ago i would have been sort of more -- more long on it. probably be a little bit less long on it interestingly you w

julia boorstin has more. >> reporter: a number of tech companies are trying to make ticketing less frustratingnd more fair. songkick partners with arrestedists to sell tickets to more than 10,000 events annually it is used by more than 15 million fans a month songkick boasts it prevented more than 100,000 tickets from entering the secondary market via scalpers and bots last year. also tackling inflated prices, citizen ticket launched bit ticket which uses blotching technology to prevent fraud. and if you don't like your seat when you get there, pogo seat allows you to search for other seats. and stub hub is experimenting with virtual reality when selling tickets. so you can put on one of these headsets and check out your view from your seat ahead of time >> you can find out more right now on cnbc.com. >>> coming up, the top stories and a round up of the global markets including that bank of japan decision overnight >>> and jay z makes history. we'll tell you what the rapper did when we return stay tedun "worldwide exchange" will be right back [vo] when it comes to investing, looking from a fre

julia boorstin is out in cannes, france where she spoke to the ceo. julia?e cannes line advertising festival and just yesterday vice announced $had 50 million investment from media firm tpg we spoke to the ceo shane smith about how this investment is a key stepping stone as he prepares for a potential ipo >> it's what we would do if we were going public. it's get a third-party peg and start building our book, and, you know, bringing in revenue, you know, on sort of a hockey stick basis so that that theoretical ipo would look very sexy >> smith explained where there are going to be investing this new infusion of cash saying they are going to try to build out their individual brands, especially ones focused on food as well as music he also said that they are working on building a direct to consumer subscription content business >> i'm not going after netflix that would be suicide. i think what's going to happen is you're going to have in tv skinny bundles, and so we have to sort of, you know, do that, and then also in dtc there will be skinny bundles, six, sev

julie boorstin joins us from los angeles with the details hey, julia. >> reporter: hey facebook executivesbeen making the rounds in hollywood meeting with studios and talent agencieies creating all shows exclusive to facebook. facebook commissioned unscripted shows from buzzfeed, box media, among others those will be the first to launch reportedly by the end of this summer. facebook also wants to invest in more traditional scripted tv shows. "the wall street journal" reporting facebook is willing to spend up to $3 million per episode in line with the cost of some shows on amc or netflix this comes as facebook along with google look to reassure advertisers about brand safety and chase television ad dollars. facebook's v.p. of media partnerships nick grudin saying "we're focused on episodic shows and helping all our partners understand what happens across different verticals and topics we're funding these shows directly now over time, we want to help lots of creators make videos funded through revenue sharing. facebook's promise of viewership data is particularly appealing to studios, i'm al

julia boorstin is in los angeles with the story. >> so the nba and nhl finals have drawn massive numbers win for abc and nbc, now despite the first two games in the nba finals, readings run on average 4% from last year, making them the most watched games since michael jordan's final championship in 19iation. abc has seen a ratings effect, "jim my kimmel" live, it's following the first game in the series. abc and espn which streams the game on its apps, streams them with incremental revenue, the finals continue beyond that. fdr analyst tells us the tv network companies are always happy when they get a premier sporting events and the ratings are strong. but crockett points out, though, disney is up against some tough comparisons to last year when the series stretched to seven games. the total digital and tv audience for the stanley cup finals is up about 24% from a year ago, with i is a big win for nba and its cable nbc sports network and streaming of game for alone on monday was up 66% over last year. now this rating surge comes after a decline in viewership for the regular season nfl gam

. >>> welcome back the center of the media universe is in cannes, france this week julia boorstin is and has a special guest. julia? >> thank you very much we're joined by the ceo of hulu, mike hopkins co-owned by disney, 21st century, time warner and nbc universal. thanks for being here. >> thanks for having me back about. >> a month and a half ago you launched your streaming live television service how many subscribers do you have so far. >> we launched it on a handful of devices last month. we're updating applications put push together over the summer and we got a really fun ad campaign coming. it's safe to say right now we're happy where we are we've got a lot of demand and it's a lot of fun right now. >> you choose television bundle launched about a month before you. you've got directv which launched its dreaming over the top bundle last fall are you worried the stage is way too saturated? >> there's definitely a lot of competition. over the next three to five years you'll see a couple things happen i think the first is the experiences will evolve. and i think that's mostly where

the platform is a new page in the tv sports advertising playbook and our julia boorstin joins us fromy looking to charge 2. million for ad packages that would include spots that aired during ten thursday night nfl games that amazon will stream to its prime subscribers. though amazon now has the rights to sell ten 30 second ads for each of the games. those are the local slots. for which it paid $50 million. that's five times what twitter paid last year now, it's unclear what amazon's package of ads would include, but a spokesperson tells us quote, we can confirm we are offering a range of options at various price points depending on advertising objectives. now, in contrast, nbc and cbs charge around $550,000 ads during nfl games they drew an average of 16.5 million viewers last season. the new england patriot owner robert kraft says the future of the nfl is not on tv >> last year, we tid twitter this year, you know, we're with amazon and you know, for us, the future is ott >> now, kraft says they have to work to use streaming to bring in that millennial audience that doesn't subscribe

. >>> another news alert julia boorstin is in l.a. >> that's right founded by facebook, microsoft, twitternd youtube, these companies have come together to help continue to make their services hostile to terrorists and extremists they are teaming up because they have come under criticism particularly facebook and youtube most recently for being in environments where terrorists can communicate with each other, youtube, shared videos that are ads for terrorism. these four companies saying that they are coming together to share technological solutions, to crack down on terrorism as well as research, to guide future technical and policy decisions around the removal of terrorist content and they will work together and obviously they are very sensitive to the criticism that they have not been tough enough on their platforms. guys, back to you. >> julia, thank you very much. >>> so should older americans pay more for their health insurance than younger ones? e-mail us at powerlunch@cnbc.com. we'll get into it right ahead. >>> but first, president trump and the president of india come head to head

. >> julia boorstin has all the details for news los angeles today. julia? >> reporter: hey, guys netflix and howlu better watch out because facebook execs have been meeting with the studio and talent agencies about creating all sorts of shows for facebook. they have commissioned unscripted shows from budfeed and voxx media and has now pursued more traditionally scripted tv shows. facebook is willing to spend up to $3 million per episode which is in line with the cost of some shows on amc or netflix this comes as facebook along with google face demands fromsors for brand safety the shows would certainly create more premium add inventory vp of media partnerships nick gruden saying we're focused on episodic shows happening all our partners understand what works across different vertical and topics we're funding these shows directly now but overtime we want to help lots of creators make videos funded through revenue sharing. facebook's been doubling down on video with a dedicated tab in the app and a facebook video app designed for connected tvs, so we'll be lo

julia boorstin.n valley's role, let's bring in aneesh chop chopra, the first technology officer under president obama. thanks for joining us. >> thanks for having me. >> do you expect there to be moves on the front of internet regulation as a result of all this? >> i sure hope not. i hope we continue the multi-stakeholder commitment we've made to maintain a free and open internet. a lot of countries around the world, especially in europe, joined with the united states back in 2011 and endorsed a set of internet policy principles that said we're going to work on these issues in a multi-stakeholder fashion, and that really keeps us away from concerns that we might have overreach on the part of governments what might seem like a reasonable idea in the wake of these tragedies have unintended consequences if they are rolled out, not only in terms of what it actually means or how we maintain openness but also what it means for how other countries might respond. >> what do you mean by a multi-stakeholder op

for joining us >> thank you >>> speaking of the cyber world, we have a news alert on facebook julia boorstin in los angeles with a new data point from facebook >> new data point from facebook's ceo, mark zuckerberg, announcing that the company now has 2 billion people using the service every single month now, that's up from 1.94 billion that was announced as of march 31st, so the addition of about -- going from 1.94 to 2 billion people in just 2 1/2 months now, facebook hit 1 billion people in october of 2012. the company has doubled in size in terms of monthly active users since october 2012 a couple more data points. the company saying every day more than 175 million people share a love reaction on facebook, and on average, over 800 million people like something on facebook. every single day, more than 1 billion people use groups every month. back to you. >> julia, thank you. to morgan brennan now for a developing story morgan >>> hi, tyler. reports that a high-rise residential building in the german city of vupertile has now been evacuated due to exterior insulation similar to london's gr

julia boorstin, good morning. >> good morning.ght, viacom and cbs chair explained why she changed her mind why it didn't make sense to come boone th -- combine. >> what i didn't understand at the time was the significant up side that existed in our businesses once we have a good management team in place and the culture came back. >> redstone defended the traditional tv business saying it is declining very slowly and in light of the explosion of new digital distribution options, she said she sees more potential now for content than ever. >> content is being valued more highly than it ever was before. my dad once said content is king. you're seeing technology companies realizing they need that original content in order to succeed and have the relationship they want with the consumer. >> time warner's ceo said he does not expect the trump administration to block time warner's sale to at&t and he said combining text and distribution is more important than ever. >> you need retail tech and data. they're using massive amounts of data an