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Report: Facebook is paying more than $50 million to publishers and celebs for live streaming

Facebook's live streaming platform is proving to be a significant source of cash for some media companies.  

The social network is paying out more than $50 million to publishers and celebrities who produce content for Facebook Live, according to "a document" reviewed by the Wall Street Journal. 

SEE ALSO: Facebook Live is the next big thing in media — after the last big thing (and the thing before that)

Facebook has contracts with close to 140 publishers and celebrities, the report said. Facebook made deals with several media partners (including Mashable) following the launch of its live streaming platform last summer, but the value of these deals was previously unknown. 

The terms of each "varies wildly," according to the Wall Street Journal, but BuzzFeed's deal is the most valuable at $3.05 million. In total, at least 17 are worth more than $1 million, including deals with the New York Times and CNN.

Facebook is also paying a handful of celebrities to live stream, including Seattle Seahawks quarterback Russell Wilson, actor Kevin Hart and celebrity chef Gordon Ramsay, along with YouTube stars and institutions like the American Museum of Natural History in New York.

Under the contracts, publishers and celebs agree to produce a set number of broadcasts using Facebook Live. How much a publisher is paid for these broadcasts depends on how big their audience is and how many videos they agree to make, the report says. 

Facebook has high hopes for the platform, which it opened up to all its users earlier this year. Eventually, the network plans to sell ads against its video streams and is using its current deals with publishers and other influential users to jumpstart engagement with the service. 

The Wall Street Journal reports that the list of partners and contracts it reviewed didn't include all of the social network's live streaming deals, so Facebook is likely spending more than $50 million on these partnerships — something that could make Twitter-owned Periscope take notice.  

Have something to add to this story? Share it in the comments.

Author : Karissa Bell

Percentage of firms planning job cuts in GCC revealed

Dubai: A growing number of companies in the Gulf Cooperation Council (GCC) region are making some job cuts, employment market specialists have confirmed.

GulfTalent, in its latest report based on the feedback of 700 employers and 25,000 professionals in the region, revealed that Saudi Arabia tops the list in terms of the number of private sector firms planning to implement redundancies this year, at 14 per cent.

Second on the list is Oman, where 10 per cent of companies intend to trim their workfoce, followed by the UAE (9 per cent) and Qatar (8 per cent). GulfTalent could not find sufficient data for Kuwait and Bahrain.

“An increasing number of firms have been reducing headcount, particularly in [the] energy and construction [sectors],” the firm said in a statement sent to Gulf News.

There will also be a “marked slowdown” in recruitment activity. “Employers [are] much more cautious in adding to their payroll. Much of the recruitment activity is now focused on replacement hiring only,” said the report.

However, experts assured that the UAE remains one of the resilient economies in the region. In fact, nearly half (48 per cent) of residents in the UAE have a very positive outlook on the future of the country's economy, according to a separate survey by Bayt.com.

Besides, GCC states are expected to have stable currencies and register a positive economic growth in 2016, with governments using their reserves to maintain critical investments.

Certain sectors, including retail, have also experienced only “limited impact”, while other industries are still offering employment opportunities. The medical industry, in particular, is booming, with nearly seven in ten (68 per cent) companies in the healthcare business reporting an increase in their headcount during 2015.

Sectors affected

Michael Gilmore, managing partner for property and construction at Morgan McKinley in Dubai, said “hundreds” of payroll reductions were reported in the construction sector alone during the first three months of the year.

“It’s clear that there have been hundreds of job cuts in the first quarter of this year in the UAE across developers and consultancies in Abu Dhabi and Dubai,” Gilmore told Gulf News.

“We will continue to see job cuts across the construction industry with firms that lack a proven track record and quality in the region, while well-known firms will continue to win mega tenders and hire cautiously.”

Gilmore noted that within the construction industry, companies “have become increasingly cautious” in recruiting new talent. Some developers now also prefer to hire UAE nationals, further limiting the opportunities for expatriates.

“The price of hiring the wrong person has become more pronounced. Established developers are doing their utmost to retain top talent within their organisation, however, some developers are once again becoming more Emiratisation focused.”

“Contractors do not have the luxury of retaining top talent as their reliance is on developers and the interiors market has been affected entirely while they are the last phase of construction chain. The market is investing in commercial teams and sales teams rather than operations teams, which tells us there is very little delivery in the current market.”

Still positive

However, there are still employment opportunities and job postings have not posted significant declines. “There has been increased interest in [Ras Al Khaimah] with increased employment across construction and manufacturing. It’s not a complex market, projects are being constantly tendered for across the UAE and the established firms are suffering in these tenders and downsizing.”

Despite the “marked slowdown”,  GulfTalent  assured that the situation in the region remains “far more stable than in most other oil-dependent economies.”

Quoting the Economist Intelligence Unit, the report said that all GCC economies are forecast to achieve economic growth in 2016.

“This is in sharp contrast to Russia where the oil price collapse has already led to severe recession and a 50 per cent plunge in the value of the currency since 2014.”

Salaries across the region are still expected to rise, but at a slower pace, this year. Overall wages are forecast to increase by 5.2 per cent, down from 5.7 per cent in the previous year.

In Saudi Arabia, salaries could go up by 5.9 per cent, the highest in the region.  UAE employees can expect pay adjustments of about 5.3 per cent, while Qatar workers will likely get 4.7 per cent increase. In Kuwait, Oman and Bahrain, salaries could rise by 4.6 per cent, 4.4 per cent and 3.7 per cent, respectively.

GulfTalent’s Employment and Salary Trends report is also based on 60 interviews with executives and human resources (HR) professionals between December 2015 and February 2016.

Source : http://gulfnews.com/business/economy/percentage-of-firms-planning-job-cuts-in-gcc-revealed-1.1691118

Best passports in the world revealed in new index

Dubai: UAE nationals have the most powerful passport in the Gulf Cooperation Council (GCC) region, with swift entry to 120 countries around the globe, according to the latest power rankings by a financial consultancy firm.

Arton Capital’s passport index, announced on Wednesday, ranks countries based on the number of destinations their citizens can travel to without a visa or with a visa on arrival.

The UAE passport holds the 27th position globally and 60th on the individual ranking. Within the GCC, the UAE is followed by Kuwait, which grants access to 80 countries, in the second place.

The Qatari passport takes the third position, allowing holders relatively easy entry to 75 countries. In the fourth place is Bahrain (71 countries), followed by Saudi Arabia in the fifth position (68 countries) and Oman in the sixth (67 countries).

Overall, Germany takes the crown as the most powerful passport, with a visa-free score of 157, followed by Sweden, Finland, Italy and Switzerland.

The American  passport occupies the fourth rank, together with Austria, Portugal, Luxemburg and Singapore. USA passport entitles holders to visit 154 countries without visa, or with visa on arrival.

Canadian passport holders can visit 152 countries visa-free, which ranks them 6th together with New Zealand.

In Asia, the most powerful is that of South Korea, ranked 3rd, with a visa-free score of 155, followed by Singapore (4th), Japan (5th) and Malaysia (8th).

Source: http://gulfnews.com/guides/going-out/travel/best-passports-in-the-world-revealed-in-new-index-1.1705649

6 TIPS TO GET YOUR CV NOTICED

Making your CV stand out from the crowd in order to secure that first interview can be difficult. How do you ensure you are noticed? Susie Timlin, Global Director of People & Culture – Hays Talent Solutions, offers advice on how you can achieve this.

In a competitive recruitment process other candidates may be more qualified than you on paper, which is why it is important to understand that the direct purpose of your CV is to secure an interview and not the job. Hays as a business receives over eight millions CVs a year, with an average of 250 per role, so standing out on paper is essential. That means at this stage of the process, getting a foot in the door needs to be the main focus of your CV.

Susie offers six pieces of advice to put you ahead of the pack.

1. Your personal statement

“A concise personal statement directly beneath your contact details provides employers with a snapshot of your key skills and work ambitions. It’s the first place an employer is likely to look, so succinctly detail your proudest achievements here.”

2. Matching the job description

“Try to use adjectives that are similar to those used in the job advertisement, without replicating it word for word. If the employer prioritises someone with “effective leadership skills” then make sure you demonstrate yours during the early part of your personal statement.”

3. Avoid clichés

“Remember that employers are interested in tangible evidence of your abilities, not just a list of overused adjectives. It’s not enough to just say that you’re hardworking, loyal and a good team player, you need to be able to demonstrate it with solid evidence.”

4. Provide hard evidence of your achievements

“Similarly, when listing achievements, keep in mind that what really impresses employers is data. If you can illustrate your achievements with facts and figures – how much revenue you brought to the business that year, how much the client increased their investment by and so on – then do.

“You can do so by being specific with your numbers and data. Consider the differing impact of the following two statements: 1. I consistently exceeded sales targets in my last year. 2. I exceeded sales targets in the last four quarters by x%, resulting in an overall annual increase in turnover of £x.”

5. Put yourself in the thick of the action

“Remember that you are trying to sell yourself. Using phrases like ‘was involved in’ and ‘assisted’ implies that you were more of a bystander than an instigator – recruiters pick up on these things. Use strong action verbs and take credit where credit is due.

“A couple of caveats, however: never claim involvement in something that had nothing to do with you and don’t bad mouth former colleagues or employers – this is one of the most frequently cited reasons for candidate rejection.”

6. Make it accessible

“Finally, and perhaps the most obvious but often overlooked point, is to make your CV as accessible as possible. Send the document over as a PDF so there is no chance of the hirer not being able to view it, make sure all the font is of a legible size and ensure your contact details are current and correct. Recruiters appreciate a streamlined process and will reward you favourably for it!”

Susie offers one final thought on the subject “Of the many CVs I review each week it’s those which are clear, concise and accessible which I appreciate most. Build your CV around a few key achievements which relate directly to the job advertisement and you’ve got every chance of progressing to the next stage of the process.”

Source: Hays