Netflix Faces New Competitor and 3 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): AOL Inc. announced that Jack Bamberger has been made Head of Agency and Industry Relations. Bamberger will work with AOL’s largest advertising customers, the holding companies, and advertising agencies. He will be in charge of advancing AOL’s advertising collaboration efforts by building creative solutions across platforms and identifying new revenue opportunities for agencies and their clients. He will also drive AOL’s industry relationships with the 4A’s, IAB, AAF, ANA and lead AOL’s Digital Content NewFront. Bamberger, who will be based in New York, will report to Jim Norton, Senior Vice President, AOL Advertising.
Netflix, Inc. (NASDAQ:NFLX): According to Bloomberg, after buying an almost 10% stake in the company, Netflix , Inc. said that they expect Carl Icahn to begin a proxy fight. A spokesman for Netflix said that they are willing to consider offers, but are not interested in finding a buyer.
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Coinstar, Inc. (NASDAQ:CSTR): Netflix will soon have to deal with a brand-new competitor. The streaming venture between Coinstar, Inc.’s Redbox and Verizon is set to launch any day now. That service has been in the works for years, but it finally looks like it is all set to be rolled out to customers as early as Christmas.
News Corp. (NASDAQ:NWSA): According to Reuters, News Corp. is planning to announce that they will purchase a 49% stake in the YES Network from the New York Yankees baseball team and their partners, a deal that would value the sports channel at $3 billion. It is set up so that News Corp. can eventually acquire control of the channel.
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