Leveraging its installed base of 35 million U.S. PlayStation 3 and 4 consoles, Sony unveiled long-anticipated plans for its new, cloud-based pay-TV service Thursday.
Shrugging off a sluggish ad economy with growing subscription fees for their cable networks, both Time Warner Inc. and 21 st Century Fox posted better-than-expected third-quarter earnings results Tuesday.
CBS has announced a new SVOD service which will deliver thousands of current and archival series episodes to the IP devices of consumers for $5.99 a month.
Time Warner investors were the first to hear the news from HBO Chairman and CEO Richard Plepler: The premium subscription service, which currently offers an authentication-only streaming service, HBO Go, to cable subscribers, will launch a standalone over-the-top service in the United States next year.
Signaling a sea change in pay-TV distribution, a major programming supplier, HBO, has announced plans to break off from the cable bundle and distribute its shows to consumers in an a la carte streaming product.
On the same day that it announced a new NBA broadcast contract worth nearly $11 billion over nine years, Turner Broadcasting said it will cut about 10 percent of its global workforce, about 1,475 jobs.
Speaking from London in the friendly interview confines of Fox Business, 21st Century Fox's chief executive, Rupert Murdoch, offered some insight Thursday as to why he abandoned his polarizing efforts to acquire Time Warner Inc. "I am also a bit bearish I guess," he told his interviewer and employee, Neil Cavuto. "I just felt with all the uncertainties in the world, I didn't want to be carrying that degree of debt."
As the carriage impasse over Time Warner Cable's new regional sports network home for the L.A. Dodgers enters its sixth month, speculation is emerging that the standoff could negatively impact the proposed merger between TWC and Comcast.
Ramping down what might be the most consolidated bargaining threat the pay-TV industry has ever seen, 21 st Century Fox top executive Rupert Murdoch has pulled his company's $80 billion offer to buy Time Warner Inc.
Under pressure to from investors to wring more revenue out of its crown jewel, Time Warner Inc. will use its upcoming affiliate licensing renewals for HBO to get a bigger cut of the premium channel's revenue from pay-TV operators.