Netflix CHALLENGES Amazon and Love Film and 4 Media Titans to Watch
Netflix, Inc. (NASDAQ:NFLX): BSkyB (BSYBY.PK) will challenge Amazon’s (NASDAQ:AMZN) LoveFilm and Netflix in the U.K., by offering a standalone Internet service costing subscribers 15 pounds ($23) a month for digital content. The common theme of cord cutting and cannibalizing its pay TV subscriber base, being heard on this side of the pond, does not worry Netflix. MobiTV, a provider of subscription-based live TV services for mobile devices, had concerns about competition from Netflix, YouTube and many other mobile video providers, so they are cancelling plans for a $75 million initial public offering that they filed last summer. However, these unfavorable market conditions haven’t put a halt to Palo Alto Networks, Gigamon, and others from filing.
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Comcast Corporation (NASDAQ:CMCSA): The initial analyst reaction to Comcast’s unit, NBC Universal’s agreement to take over MSNBC.com is largely positive. The deal will tighten up branding across NBC News properties and lead to more efficient management, according to Wunderlich Securities analyst Matthew Harrigan. NBC’s parent, Comcast, has bought out Microsoft’s (NASDAQ:MSFT) 50% stake in MSNBC.com, and has already rebranded the site as NBCNews.com. Financial terms weren’t disclosed, but sources say the stake changed hands for $300M.
Dish Network Corp. (NASDAQ:DISH): AMC Networks (NASDAQ:AMCX) have kept up their delicate tightrope walk with fans who watch their hit show,” Breaking Bad,” which is currently unavailable to Dish Network (NASDAQ:DISH) subscribers, due to a conflict over fees. On the one hand, it makes extra money by advertising streaming options, with iTunes and Amazon’s Instant Video, while keeping its show relevant. However, educating consumers, too much, about streaming options as opposed to traditional pay-TV services, could cannibalize future revenue.
News Corp. (NASDAQ:NWSA): Citing studio estimates, 20th Century Fox’s (NASDAQ:NWSA) “Ice Age: Continental Drift,” the fourth in the series, and the first to open in 3-D, earned $46M in its opening weekend, reported the New York Post.
Viacom, Inc. (NYSE:VIA): According to Reuters, DreamWorks (NASDAQ:DWA) is talking with Sony Pictures Entertainment (NYSE:SNE), about distributing its films. DreamWorks currently pays Viacom’s (NYSE:VIA) Paramount Pictures 8% of film revenues being generated from movie theaters and DVDs, but this contract expires next year.
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