5 things to start the day: Sony's streaming video, YouTube's music service, and SeaWorld attendance takes a dive
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Tampa Bay area business owners who are veterans are being honored this morning at the TBBJ's 2014 Heroes at Work. Read more about each honoree here.
Unable to shake off negative publicity, SeaWorld Entertainment reported a drop in attendance and profit during its third quarter. The Orlando-based theme park company, which owns Busch Gardens, reported a 28 percent decrease in profit during the third quarter compared to the same quarter in 2013, and attendance at SeaWorld's parks dropped by 5.2 percent to 8.4 million. Read more from the Orlando Business Journal.
YouTube is set to offer a music-subscription service called YouTube Music Key, after striking a deal with smaller labels earlier this week. For $8 per month, subscribers will receive extra features, including removal of advertisements, according to the New York Times. But the Times also added that the move may be seen as a reboot of its relationship with labels and artists, not just listeners. The service is expected to go through a limited "beta" release.
Meanwhile, Entertainment giant Sony announced it plans to test a streaming video service called PlayStation Vue on an invite-only basis. The Wall Street Journal reports the Vue will offer media firms' content in a new format.
Duke Energy Corp. announced plans to make its first investment in shale gas production. The move by the largest U.S. utility owner comes in response to a volatility of the price of gas and new regulations by the Environmental Protection Agency that will make it difficult to operate coal-fired plants. Duke now buys gas on the open market and is vulnerable to price fluctuations, Bloomberg News said. Duke plans to invest in a shale gas wellhead, but will need to receive approval from state regulators to earn a guaranteed profit on the investment.
Pam Huff is Director of News Operations for the Tampa Bay Business Journal.
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