U.K. pay TV giant British Sky Broadcasting Group has agreed to pay just over $9 billion to 21 st Century Fox to acquire its sister companies in Germany and Italy.
Once again proving the equity power of teenagers playing videogames, Google will pay about $1 billion to acquire San Francisco-based online programming platform Twitch.
Signaling a major shift in priorities for cable customers, Moody's says cable operators will, beginning in 2015, start serving more broadband subscribers than video subscribers.
Revenue from satellite pay TV companies will surpass that generated by cable operators worldwide and reach $99.9 billion by 2020. However, satellite revenue generated in Western Europe will soon begin to decline as operators face new competition from online platforms.
As media business deals go, it's not as big as securing broadcast rights to Major League Baseball for NBCUniversal. But for Comcast's fast-growing business services division, helping Pony youth baseball stream its annual World Series Tournament isn't bad PR.
YouTube network Fullscreen appears to be the next item on shopping list created earlier this year when AT&T budgeted former Fox mogul Peter Chernin $500 million to assemble a collection of online-video assets.
Time Warner Cable has finally stopped sending me direct-mail come-ons, with Comcast trying to buy the company and get the combined video subscriber girth into regulatory fighting shape (i.e. 30 million subscribers or less). But for several years, TWC spent--gosh, I don't know, hundreds--on postage and mailers alone, courting me to become a triple-play subscriber. This was after they had me locked up, but failed to close the deal out.
Set-top giant Arris has announced that two small cable operators, Pennsylvania's Service Electric Cable TV and South Carolina's Comporium Communications, have signed onto offer its Sling Media-enabled video gateway to their subscribers.
Driven by the growth of its U-verse platform and subscriber gains in its wireless postpaid business, AT&T reported a 1.6 percent increase in second quarter consolidated revenue to $32.6 billion, and an 8 percent drop in operating income to $5.6 billion on a 4 percent uptick in operating expenses.
Already owned by the No. 1 U.S. pay TV provider, which is trying to buy the No. 2 operator, NBCUniversal chief executive Steve Burke told investors Tuesday that the programming conglomerate won't look for acquisitions amid the very likely prospect that huge competitors Fox and Time Warner Inc. will merge.