YouTube steps up takedowns as concerns about kids’ videos grow

A 3D-printed YouTube icon is seen in front of a displayed YouTube logo in this illustration taken October 25, 2017. (REUTERS/Dado Ruvic/Ilustration/File Photo)
Updated 23 November 2017
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YouTube steps up takedowns as concerns about kids’ videos grow

YouTube stepped up enforcement of its guidelines for videos aimed at children, the unit of Alphabet Inc’s Google said on Wednesday, responding to criticism that it has failed to protect children from adult content.
The streaming video service removed more than 50 user channels in the last week and stopped running ads on over 3.5 million videos since June, YouTube vice president Johanna Wright wrote in a blog post.
“Across the board we have scaled up resources to ensure that thousands of people are working around the clock to monitor, review and make the right decisions across our ads and content policies,” Wright said. “These latest enforcement changes will take shape over the weeks and months ahead as we work to tackle this evolving challenge.”
YouTube has become one of Google’s fastest-growing operations in terms of sales by simplifying the process of distributing video online but putting in place few limits on content.
Parents, regulators, advertisers and law enforcement have become increasingly concerned about the open nature of the service. They have contended that Google must do more to banish and restrict access to inappropriate videos, whether it be propaganda from religious extremists and Russia or comedy skits that appear to show children being forcibly drowned.
Concerns about children’s videos gained new force in the last two weeks after reports in BuzzFeed and the New York Times and an online essay by British writer James Bridle pointed out questionable clips.
A forum on the Reddit Internet platform dubbed ElsaGate, based on the Walt Disney Co. princess, also became a repository of problematic videos.
Several forum posts Wednesday showed support for YouTube’s actions while noting that vetting must expand even further.
Common Sense Media, an organization that monitors children’s content online, did not immediately respond to a request to comment about YouTube’s announcement.
YouTube’s Wright cited “a growing trend around content on YouTube that attempts to pass as family-friendly, but is clearly not” for the new efforts “to remove them from YouTube.”
The company relies on review requests from users, a panel of experts and an automated computer program to help its moderators identify material possibly worth removing.
Moderators now are instructed to delete videos “featuring minors that may be endangering a child, even if that was not the uploader’s intent,” Wright said. Videos with popular characters “but containing mature themes or adult humor” will be restricted to adults, she said.
In addition, commenting functionality will be disabled on any videos where comments refer to children in a “sexual or predatory” manner. (Reporting by Paresh Dave)


Netflix unveils $2 billion debt issue to fund new content

Updated 22 October 2018
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Netflix unveils $2 billion debt issue to fund new content

LONDON: Netflix announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.
Netflix bond prices were little moved immediately after the announcement, but can be expected to fall, as the additional debt adds to the company’s credit risk. Shares in the company dipped 1 percent in early trading.
Netflix said in April it planned to raise $1.5 billion in debt, after raising $1.6 billion in October last year, bringing the total to about $5 billion.
The company has consistently said that it expects to fund content acquisition through the high-yield bond market and is expected to spend around $9 billion on content this year, based on blockbuster third-quarter results announced last week.
The new debt will be in the form of senior notes denominated in US dollars and euros — a type of debt the company needs to repay if it goes bankrupt.
Bearish bets against Netflix’s existing $8.4 billion of junk-rated bonds have more than tripled this year to an all-time high of $347 million, Reuters reported last week.
“The short balance in the actual bonds reflects a view that (the bonds) will decline in value if or when they issue more debt,” said Samuel Pierson, analyst at IHS Markit.
Netflix’s total debt stood at $11.83 billion as of Sept.30.
Netflix said on Monday it intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, potential acquisitions and strategic transactions.