Netflix Agrees to Closed Captioning and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) saw over 5,700 puts cross the tape yesterday. This is eighteen times its average single-session put volume, and nearly 13 times the number amount of AOL calls exchanged. The November 34 put was the most active, and it made up almost 4,800 of the contracts traded. A block of 4,500 puts changed hands for the ask price of $0.80, meaning that they were purchased. Put open interest at the back-month strike saw a huge boost overnight, indicating newly initiated bearish bets.
Netflix, Inc. (NASDAQ:NFLX): For a settlement with a deaf Massachusetts viewer, Netflix will offer closed captions on all of the content it carries by September 2014, according to the Associated Press.
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Time Warner Cable Inc. (NYSE:TWC): If you use a Time-Warner Cable modem for connection to the internet, your rate has just risen, but the company pretends otherwise. Recently, Time Warner made the decision to hide this obvious price increase by labeling it as a “modem rental fee,” and that this deception has caused no small amount of anger throughout the Internet.
Walt Disney Co. (NYSE:DIS): According to Stan Lee Media, it controls the rights to the Marvel characters, including Spider Man and Iron Man, and it has filed a lawsuit in U.S. District Court in Colorado against Walt Disney Co. Stan Lee, who ended his association with the company, created a great number of Marvel’s comic book characters. Disney states that Lee assigned it his rights to the characters in 1998, but a month later, agreed to assign the same rights to Marvel Enterprise, now Marvel Entertainment, which was acquired by Disney in 2009 for $4.3 billion.
News Corp. (NASDAQ:NWSA): Today, the Australian competition regulator prohibitedSeven Group Holdings from bidding for Consolidated Media Holdings, which opens the path for News Corp. to continue with its $2 billion offer that was agreed upon, according to Reuters.
Don’t Miss: Netflix Reaches User-Friendly Settlement.