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AOL, Inc.’s (NYSE:AOL) MapQuest began a new social discovery and curation platform as it attempts to attract additional users to its free online web mapping service. MapQuest Discover is one of the new features, and MapQuest hopes to create “the complete travel experience.” The company has stated that the new concept will assist in the ability to discover new places and plan for upcoming trips, along with exploring as a user is already traveling. Furthermore, the concept is a way to easily document all of the adventures. This greatly expands AOL and its MapQuest division, which may have lost some of its notoriety after the rise of alternative mapping services like Google Maps, Bing Maps and even Apple’s own Maps app on iOS.
Netflix, Inc. (NASDAQ:NFLX) subscribers watch 11 percent fewer minutes of television per day than nonsubscribers do, as their Internet video usage is a much larger portion, stated Nielsen. During Q2 of 2012, Netflix users, on average, watched 246 minutes of TV per day, 41 minutes on video game consoles, 22 minutes on Blu-ray Disc players, and 12 minutes on other streaming platforms versus the 276 minutes of TV for non-Netflix users, 26 minutes on game consoles, 14 minutes on Blu-ray players, and four minutes on other platforms, stated Nielsen’s Cross-Platform Report for Q2 2012.
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Coinstar, Inc. (NASDAQ:CSTR) announced a multi-year deal with Warner Home Video under which it is to offer Warner video titles via its Redbox kiosks 28 days following its release, and on its Q3 2012 earnings call, Coinstar stated that the physical disc is still alive. Redbox and Warner split ways in January following Warner’s statement that it would require Redbox to adopt a 56-day rental window, renewing the company’s distribution agreement and leaving Redbox figure out a solution for Warner titles for its rental kiosks. Coinstar CEO Paul Davis, quoted figures from the Entertainment Merchants Association and touted the $18 billion home entertainment market where “physical media is dominant, with $4 of every $5 spent on physical content.”
Time Warner Cable Inc. (NYSE:TWC): Time Warner Cable Sports signed a multiyear agreement with satellite services provider Intelsat S.A. to distribute two new HD, regional sport channels using the IntelsatOne terrestrial network with capacity on Galaxy 17 satellite. Intelsat intends to add both Time Warner Cable SportsNet and Time Warner Cable Deportes to its channels at 91 degrees West, orbital location. This agreement will allow the channels to be distributed to viewers located in the continental United States and Hawaii, and the new networks is to feature 150 live events, team coverage and behind-the-scenes access through partnerships with the Los Angeles Lakers, Galaxy, Sparks and the California Interscholastic Federation teams. Additionally, Time Warner Cable Deportes is to also be the first U.S. regional sports network that will exclusively broadcast in Spanish.
Viacom, Inc. (NYSE:VIA) as ratings slump, the company’s MTV decided upon Susanne Daniels as its new president of programming, according to the Wall Street Journal.
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