Uniting the Warner Bros and 20th Century Fox production studios would give Rupert Murdoch control over the two largest film and television catalogs ever assembled, creating a highly lucrative annuity and allowing for unprecedented sway over how content is made and sold across distribution platforms.
The streaming video service said it added more than 1 million subscribers internationally in the second quarter for a total of 13.8 million. It plans to launch in Germany, France, and other markets later this year.
Jeff Bewkes doesn't like big media mergers, but that doesn't mean he won't make a good deal, from Rupert Murdoch or another bidder. He'll do whatever creates the most value for shareholders, and now that most likely means selling.
A brutally hilarious commentary on fawning startup coverage. Vessyl, we hardly knew ya.
The American Apparel founder is sacrificing any future involvement with the company in return for ensuring that new management stays true to the core principles on which it was founded.
TV Everywhere? More like Advertising Everywhere. "It's almost like the networks are trying to drive you to platforms like Netflix or Amazon Prime," said BTIG analyst Rich Greenfield, who posted the video as part of a research report on TV Everywhere.
Want to know why Aereo is dead? Follow the money.
The 6-3 decision said the startup service has to pay broadcasters when it takes their programs and streams them to paid subscribers. Broadcasters painted the ruling as a win for consumers. But that claim is dubious.
Stranger things have happened.
The 2000s phenomenon relaunches today with a mobile makeover amid a flurry of activity around the business of online dating.
The National Music Publishers' Association, the lobbying group for songwriters, said the lost revenue is based on what it believes its constituents could collect if government regulations were lifted. The claim is the latest salvo in a heated debate between the music industry and satellite, streaming, and other new music distribution services over royalty rates.
An opportunity to ditch an inconvenient channel. Shane Smith could be about to get his network.
A majority of shareholders voted down a proposal to separate the chairman and CEO roles both held by Hastings. The rejection follows a year in which Netflix stock gained more than 300%.
Sixteen years ago, in 1998, AT&T's then-Chief Executive C. Michael Armstrong spent close to $100 billion buying up cable companies to pursue an ambitious plan to bundle video, internet, and phone service. It did not go well. And now, with its DirecTV deal, AT&T is basically trying to do it again.
The telecommunications giant's $67.1 billion for DirecTV indirectly makes the case for Comcast that it needs to merge with Time Warner Cable because competition is increasing.
The deal, announced Sunday night after roughly a month of negotiations, follows Comcast's impending acquisition of Time Warner Cable for $45.2 billion. Both deals will face intense regulatory scrutiny.
"The deal is done."
The acknowledgement in the paper's "Innovation Report" that too much time and energy is focused on its front page portends a seismic shift in both the Times's cultural and business approach to news.
AT&T's interest in DirecTV is less about strategic fit and more about gaining access to the satellite operator's massive cash flow.
As part of the $3.2 billion deal to acquire Beats, legendary music executive Jimmy Iovine is expected to join Apple in a "creative role." The deal is essentially the biggest music industry acqui-hire.