Original programming on YouTube premieres next week

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When the premium service launched in October, YouTube Red wasn’t just about removing advertisements and adding a couple features. YouTube Red is the first step towards a true video streaming service for Google, one like Netflix and Hulu, because access to original programming is included with a subscription. Today, YouTube announced four original series and movies, under the YouTube Red Originals banner, that are premiering next week.

The YouTube Red Originals come from top creators and media companies like PewDiePie and AwesomenessTV.

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White House, Google partner to bring Google Fiber to public housing for free

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On Monday, Alphabet’s Q4 2015 results showed that Other Bets weren’t profitable and the holding company was still leaning on other businesses to generate big revenue. The reason for Other Bets’ struggles could be because the cost of expanding Google Fiber and actually giving away its services for free, albeit the latter is for a good cause. A partnership between Google and ConnectHome, an initiative overseen by the White House and the U.S. Department of Housing and Urban Development, will be bringing Google Fiber’s gigabit internet service to residents in public housing properties throughout the United States.

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Magic Leap gets investment infusion of almost $800 million

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Google-backed augmented reality firm Magic Leap Inc. has received a big infusion of funding to help continue their efforts to get a product to market. Alibaba Holding Group Ltd. is providing $793.5 million in funding as they valued Magic Leap at $4.5 billion. As part of the funding deal, Alibaba’s co-vice chair Joe Tsai will join Magic Leap’s board. Read more

Alphabet’s Q4 2015 numbers are in: it’s now the most valuable company in the world

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Alphabet, the holding company formed by Google in August, was the center of attention on Monday after disclosing the results of its Q4 2015 operations. Revenue in the quarter came in at $21.3 billion, an 18% jump over the same period a year prior. It was enough to push Alphabet to nearly $5 billion in net income.

The spot formerly held by Apple as the most valuable company is the world now belongs to Alphabet.

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