×

Narcisco hoisted to CEO at StarMedia

Cyberbiz Brief

Internet company StarMedia Network upped prexy Enrique Narcisco to CEO, replacing founder Fernando Espuelas, who remains chairman.

Narcisco was named prexy June 1 and was charged with managing operations and strategy at the Spanish- and Portuguese-lingo Internet company. Previously, he was general manager of StarMedia Mobile.

For the second quarter of 2001, New York-based StarMedia reported revenue rose 3% to $14.2 million. Its net loss widened to $48 million, compared with $41.5 million a year ago. However, the second-quarter 2001 loss includes expenses associated with cost-cutting and layoffs, losses in subsidiaries and stock-related costs.

In June, StarMedia had 23.2 million unique users worldwide, down 34% from March, a decline StarMedia attributed to its effort to cut costs associated with network applications. StarMedia’s main markets are the U.S. Hispanic market, Mexico and Brazil.

More Digital

  • Nintendo Switch

    Nintendo Releases Updated Switch With Better Battery

    Nintendo just refreshed its wildly successful Switch game console, but the company isn’t giving existing Switch owners many reasons to upgrade: The renewed game console comes with a better battery that guarantees up to 9 hours of game play, while otherwise sticking with the same design and features of the original Switch. The new model [...]

  • Ryan Chanantry - Topic SVOD

    First Look Media's Topic Plans to Launch Subscription VOD Service (EXCLUSIVE)

    Can Topic execute a solid pivot into premium video? The digital storytelling outlet of Pierre Omidyar’s First Look Media thinks it can put together a niche Netflix-style subscription-video service curated to appeal to young “culture cravers.” Topic plans to launch the subscription VOD service in the fourth quarter of 2019, stocked with hundreds of hours [...]

  • Dan Ahdoot

    This New Podcast Lets You Take a Peek Into Celebrities' Fridges (EXCLUSIVE)

    Comedian Dan Ahdoot wants to show you a side of celebrities you haven’t seen before — which is why he is having them open up their fridges. Anyone appearing on Ahdoot’s new podcast “Green Eggs & Dan,” which was launched by the podcast network Podglomerate Wednesday, has to bring along a photo of the inside [...]

  • Spotify-Disney

    Spotify Pacts With Disney to Launch Hub With Music From Movies, TV Shows

    Fans of Disney movies and TV shows can now dive into a dedicated music hub on Spotify, featuring seven playlist sections with top hits from Disney animated favorites and music from Pixar, Marvel and Star Wars films. Disney’s No. 1 most-streamed song on Spotify is “Let It Go” from the “Frozen” soundtrack, followed by “Moana”’s [...]

  • La Linea Invisible

    Mariano Barroso Shoots Basque Conflict Origins Story ‘La Linea Invisible’

    IRUN, Spain  — When- and why – do people begin to kill for a cause? Having created “What the Future Holds,” maybe the best reviewed to date of any Movistar + Original Series, Spain’s Mariano Barroso (“The Wolves of Washington”) tackles this question head on in “La Línea Invisible,” a six-part series, again from Movistar [...]

  • The Lion King

    ‘The Lion King’ Tops Studios’ TV Ad Spending

    In this week’s edition of the Variety Movie Commercial Tracker, powered by the always-on TV ad measurement and attribution company iSpot.tv, Walt Disney Pictures claims the top spot in spending with “The Lion King.” Ads placed for the remake had an estimated media value of $5.64 million through Sunday for 1,290 national ad airings on [...]

  • Apple Plans to Fund Podcast Exclusives:

    Apple Reportedly Plans to Fund Original Podcasts

    Apple has plans to open its checkbooks for podcasts that would be exclusive to its podcasting apps, Bloomberg reported Tuesday. The investments would help the company defend its market leadership in an increasingly crowded field, and fend off competitors like Spotify, Pandora and Luminary. News of the plans sent Spotify’s stock down more than 3%; [...]

More From Our Brands

Access exclusive content