Category archives for: Business

AT&T, Chernin commit $500m to OTT

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AT&T has formed a $500 million joint venture with Chernin Group to acquire, invest in and launch a video streaming service. The Chernin Group will bring assets to the venture, including the contribution of its majority stake in Crunchyroll, a subscription VoD service. Chernin, the vehicle of former top News Corp man Peter Chernin, says: “A critical part of The [...]

Netflix, Comcast duel over merger

Netflix has revealed that it added 2.25 million US subscribers during the first quarter of 2014, ending the period with over 48 million global members, topping $1 billion in quarterly streaming revenue. In announcing its Q1 figures, it took the opportunity to voice its opposition to the proposed merger of cable MSOs Comcast and Time Warner Cable. The 2.25 million [...]

TWC, Comcast could shed $20bn to make deal

It could be that Time Warner and Comcast, in their attempt to merge their cable assets, are planning to divest some $20 billion-worth of assets, potentially including 3 million subscribers, in order to calm some of the antitrust regulatory concerns over their combination. Weekend reports suggest that two options are under consideration: one, is to sell off the 3 million [...]

Comcast adds 25,000 cable subs in Q2

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Comcast reported increasing subscription numbers for its cable service for the second consecutive quarter, defying fears of so-called cord-cutters. The company saw an improved performance thanks to its NBCUniversal unit, growth in its business services division and the performance of its high-speed Internet group. Pay-TV operators are increasingly fretting about cord-cutting, particularly among younger viewers who may be deterred from [...]

ARRIS acquires SeaWell Networks

In a move that further strengthens its IP delivery capabilities, IP, video and broadband technology specialist ARRIS is to acquire multiscreen video delivery solutions provider SeaWell Networks for an undisclosed amount. The acquisition comes one year after ARRIS acquired Motorola Mobility’s Home division. ARRIS is integrating SeaWell’s adaptive bit rate (ABR) streaming technologies and talent into its Network and Cloud [...]

Discovery drops out of Channel 5 bidding

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Discovery Communications has dropped out of bidding to buy Channel 5, according to reports. Discovery, which has been aggressively expanding outside of the US in television, had been in talks with BSkyB over a possible joint bid. It is unclear whether BSkyB was still involved in the process. UK FTA channel Channel 5, which broadcasts the likes of Big Brother [...]

Intel’s ‘Internet of Things’ division up 32%

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The Internet of Things is taking off, and how, for chip-maker Intel. The recently formed division saw growth of 32 per cent compared with the same period last year, mostly based on use of its low-cost ‘Atom’ chip, and where volume sales “nearly doubled” in y-o-y. The news came during Intel’s Q1 analyst call, where CEO Brian Krzanch reported that [...]

Sony expects Ultra HD TV sales to increase 4-fold in 2014

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Sony anticipates Ultra HD TV sales will increase four-fold in 2014 and also aims to hold a 10 per cent global share in LCD TV shipments. The company has said it aims to ship roughly 20 million LCD TVs and estimates that its overall Ultra HD TV shipments will increase four-fold in 2014, with Ultra HD TV sales in the [...]

Quickflix subs up 16%

Quickflix, the Australia and NZ online streaming service, experienced a strong March quarter of growth increasing its base of paying customers by 16,000 or 16 per cent to 118,557. Total active customers (paying customers plus introductory trialists who have registered with a valid credit card) increased by 13 per cent to 137,059. Organic growth through customers signing up on Quickflix-enabled [...]

Comcast/TWC merger dominates comms M&A Q1’14

Comcast’s pending merger with Time Warner Cable – which had an announced transaction value of $69.58 billion, according to SNL Kagan data – was far and away the largest deal announced in the communications industry during the first quarter. As such, it helped multiple advisers take the lead in SNL Kagan’s financial adviser rankings based on transaction or deal value [...]

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