After Netflix reported its third-quarter results, its shares went down by 7% in after-hours trading. The company has included only 880,000 US streaming subscribers in the quarter, which seems to be a cause of the investor shock. The number is down from 980,000 in the same period last year, and...read more
Comcast’s NBCUniversal said on Sunday that it has agreed to buy a controlling stake in the Universal Studios Japan (USJ) amusement park. The American multinational mass media company will be paying $1.5 billion for the stakes in USJ Co. The deal marks as Comcast’s biggest overseas investment....read more
On Wednesday, Comcast Corp.’s NBCUniversal announced that it is making a strategic investment of $200 million in VoxMedia. Through this investment, it is increasing its stake in the digital media firm and also, creating a partnership to help the company to better connect with younger audiences...read more
According to reports, there are doubts regarding NBCUniversal plans to acquire BuzzFeed, which is among some popular names in new media, and increase its stake in Vox Media that owns familiar online brands like SB Nation and Verge.
As per reports, in the beginning, the plans were reported...read more
Santa Monica based film studio Miramax is exploring sale option according to sources familiar with the matter. The privately held studio is exploring other options as well. The studio owns the rights to many popular Hollywood movies.
According to a report published in Bloomberg, Miramax...read more
James Murdoch has been announced as the person to lead 21st Century Fox but business experts still feel that Rupert Murdoch will play an active role in the management of the company. 84-year old media mogul recently announced that his son James Murdoch will take over the control of 21st Century...read more
In a cash-and-stock deal announced last Friday, Charter Communications Inc is nearing the close of a contract to buy Time Warner Cable Inc at about $55.1 billion, which comes down to $195 a share.
Charter Communications Inc, is an American company offering cable television, high-speed...read more
Popcorn Time, a streaming service for pirated movies, is now available within the browser. Earlier, such was not the case, as Popcorn Time viewers required to download separate software on their computers, Macs or Android smartphones.
On Tuesday, officials from the Popcorn Time launched...read more
Coming only second to last year’s OnCue service, purchased by Verizon from Intel Corp in an attempt to expand into the genre of next-generation video services, is AT&T’s recent endeavor to popularize its Hulu subscription streaming service by making it available to customers, both on its...read more
On Monday cable giant Comcast announced that it has hired Michael J. Cavanagh as its chief financial officer following the collapse of its proposed $45 billion merger with Time Warner Cable.
Cavanagh, who is from private equity firm Carlyle Group LP will replace Michael J. Angelakis who...read more
Since long there have been a lot of rumors about Apple's upcoming music streaming service. Some reports have suggested that it will offer a free tier, whereas others have claimed the opposite. There is probability that the end result will b lying somewhere in between.
However, the latest...read more
On Friday, a Federal Appeals Court threw out the Federal Communications Commission's request that some major TV programmers offer their contracts to third parties for comment. This could affect AT&T Inc.'s proposed acquisition of El Segundo satellite TV giant DirecTV.
The case is...read more
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