Hulu’s Poised To Become An $8B Asset But Is “Hidden” To Wall Street: Analyst
Wall Streeters are supposed to be savvy about changes in the marketplace. But investors appear to have a blindspot when it comes to Hulu, a top analyst says today in a report that’s sure to attract a lot of attention.
J.P. Morgan’s Alexia Quadrani says that Hulu could be worth nearly $8 billion in 2017. That’s about $2 billion more than investors currently figure based on their valuations of the streaming service’s owners: Comcast, Disney and Fox. She made her deep-dive… Read
ComScore To Buy Rentrak Creating Major Challenger To Nielsen
Look out Nielsen: Audience measurement power comScore just said that it has agreed to acquire Rentrak in a stock swap.
ComScore shares are up more than 7% in post-market trading, and Rentrak is up 12.9% following the announcement. Rentrak, which had a market value of $702 million before the news, will become a wholly owned subsidiary of comScore. Each Rentrak share will be worth 1.15 shares of comScore. When the deal closes, Rentrak shareholders will own about 33.5% of… Read
Google’s Chromecast Will Add Showtime And Sling TV Streams
This was a good day for streaming video services: Showtime and Dish Network’s Sling TV announced that their standalone online services will be available on TV to viewers who use Google’s Chromecast connector.
Showtime’s up today on Chromecast and Android devices, as well as as Amazon’s Fire tablets, Fire TV, and Fire TV stick. Sling will be on Chromecast “in the coming weeks,” its CEO Roger Lynch says. It’s already on Android and Amazon platforms.
Google disclosed its… Read
Comcast Unveils Watchable, Its Streamed Entertainment Service
Comcast formally challenged Google’s YouTube, Facebook, and Verizon's Go90 this morning as it announced the launch of the beta version of Watchable, its widely anticipated ad-supported streaming service.
Videos at the start will be available via iOS, watchable.com and Comcast’s X1 set top boxes. They will include content from about 30 partners including AwesomenessTV, Buzzfeed, CelebTV, Collective Digital Studio, Defy Media, Discovery Digital Networks, Fast Company… Read
Facebook Back Up After 42-Minute Outage, Third Glitch This Month – Update
A lot of Facebook users may wish it had its “dislike” button now: The ad-supported social media site was down for about 42 minutes beginning at about 3:00 ET, according to CurrentlyDown.com. We don’t know yet the breadth of the problem, but the company acknowledged that it had a major outage.
This was the second glitch this week, and the third this month: Facebook also was down for about 14 minutes last Thursday, and reported problems on September 17.
Those who… Read
Showtime Unveils Free Sneak Peek At ‘The Affair’ Season 2
UPDATED, with second-episode info. Showtime is drawing the curtain today on Season 2 of The Affair, giving viewers a gander on multiple platforms prior to the drama’s return on October 4. Showtime also will make the second episode of The Affair available a week early, exclusively to subscribers on Showtime Anytime, Showtime on Demand and through the Showtime streaming service. Subscribers can watch Episode 2 of the new season at 11 p.m. ET immediately following the season… Read
James Murdoch: Fox’s TV Business Can Grow, Despite Industry Problems
Yes, domestic consumers are starting to cut the pay TV cord, or not signing up in the first place. And, yes, TV ratings and ad sales are diminishing. But Fox CEO James Murdoch told the Goldman Sachs Communacopia Conference this morning that he remains optimistic about the business.
Although he considers it “reasonable” to expect the U.S. pay TV market to shrink about 1% a year, there’s still a lot of growth in Europe, Asia, and Latin America. “We operate more globally… Read
Mandalay Sports Media Taps Dick Glover To Be CEO
The new CEO at Peter Guber and Mike Tollin’s sports media enterprise replaces Rich Battista. He left in April, after two years on the job, for Time Inc. where he’s an EVP overseeing People and Entertainment Weekly.
New CEO Dick Glover comes to Mandalay Sports Media from Funny or Die, where he was CEO. He’ll remain on the comedy venture’s board and will “maintain close ties with the company,” MSM says.
Glover knows sports, though. He was NASCAR’s VP Broadcasting and New… Read
Epix Will Let Subscribers Download Some Movies And Shows For Offline Viewing
Epix just picked up speed in the race to let subscription viewers download movies and TV shows to digital devices so they can watch them without an Internet connection.
The venture co-owned by Viacom, Lionsgate and MGM calls itself the “first network to deliver offline viewing directly from its mobile apps, available across Kindle Fire and all Apple and Android mobile devices and tablets including iPads, iPhones, and Samsung and Nexus devices.”
Today’s announcement… Read
Apple Unveils New Apple TV, iPhone 6s & Large-Screen iPad – Update
UPDATED with Apple TV and iPhone announcements: The product introduction event just wrapping up today was widely watched by Apple fans and investors — mostly to hear about updates for the iPhone and Apple TV. But Wall Street seems unimpressed so far: Apple’s share price is down about 2% since the event started. Here are some of the announcements.
Apple TV: The late Steve Jobs once referred to this as a mere “hobby.” But CEO Tim Cook says that the “new Apple TV is the… Read
TiVo Sues Samsung, And Predicts Growth From New Deals
TiVo has several answers this afternoon for investors wondering how the DVR pioneer plans to grow in a period when Comcast and other major pay TV providers worry about cord cutting — and hope to slow it by promoting their own next generation video technologies.
TiVo will head back to court, this time with a patent infringement suit against Samsung. Its DVRs improperly use TiVo’s processes that enable viewers to watch one show while recording another, the company says… Read
Hulu Introduces $11.99 Commercial-Free Option, But Vows To Boost Ad Sales
Hulu has finally responded to the chorus of subscribers who don’t want to put up with ads when they pay a monthly fee to stream movies and TV shows. The service today adds an $11.99-a-month ad-free option, while maintaining its $7.99 service with what it describes as “limited commercials.”
Both will offer the same programming. A few shows on the ad-free service — including New Girl, Scandal, How To Get Away With Murder, Grey's Anatomy, and Marvel’s Agents Of S.H.I.E.L.D. … Read