Snapchat aiming to disrupt the TV sector
Snapchat's acquisition of Bleacher Report, Turner Broadcasting and Hispanic-American platform Mitú is positioning the social media site as increasingly disruptive to traditional TV for younger users. Earlier this year, NBC, ESPN and CNN signed a deal to create original content for Snapchat, where more than 10 billion videos are watched daily by the site's more than 150 million users. Snapchat's revenue is set to rise 155% YoY to $935.5m, according to eMarketer.

The next-generation television company may be in your pocket. Snapchat, once pegged by the public as a social-messaging app and recently self-declared camera-based platform, is actually starting to look more and more like TV for young viewers who prefer smartphones over flat screens, industry players say.