Facebook will invest between $1 billion and $2 billion to boost its video content offerings, analysts say. The company plans to create a TV-esque experience through its Facebook Watch platform while also investing in exclusive news programs to overcome past accusations of "fake news.".
Altice USA has announced that it will broadcast the majority of the 2018 World Cup games in 4K. Viewers will need to have a 4K TV and Altice's new Altice One set-top box to tune in to the 4K broadcasts.
Comcast on Wednesday made a formal, all-cash, $65 billion bid for 21st Century Fox assets and agreed to pay at least $4 billion in fees if the deal doesn't gain regulatory approval. The new bid could halt Fox's talks with Disney, which previously agreed to acquire the assets for $52.4 billion.
CNN has reportedly renewed its contract with company President Jeff Zucker. Zucker, who has been with the company since 2013, will remain in the role through 2020, sources say.
The time has come! Every four years, the world comes together to celebrate the greatest soccer sporting event on the planet -- the FIFA World Cup tournament. Starting today, viewers will watch their favorite world-class players take the field on Fox Sports, or on NBCUniversal's Telemundo Deportes for its exclusive Spanish-language broadcast -- the network's World Cup debut. Read more.
NBCUniversal has announced that Telemundo and NBCSN have hit NBCU's advertising revenue goals for the 2018 FIFA World Cup. Collectively, all World Cup TV networks are expected to bring in around $600 million in ad revenue during the monthlong event.
Disney and Comcast, which are competing for 21st Century Fox assets, are each willing to walk away from Fox's regional sports networks should regulators require divestitures. While Disney indicated its willingness to sell the assets to gain regulatory approval in April, Comcast's willingness to sell came to light Wednesday when it made its formal bid for Fox assets.
Chipmakers and suppliers are releasing devices that support the 2.5 spec of Multimedia over Coax Alliance. MaxLinear has teamed up with Hitron Technologies America to create devices that support coax speeds up to 2.5 gigabytes per second, while InCoax Networks has introduced the In:xtnd line of products.
Twitter has expanded self-serve in-stream video ads to everyone in 12 global markets, including the US, Canada and UK. In-stream video spots result in Twitter users being 70% more likely to remember a brand's ad and 6% more likely to make a purchase, per Nielsen Brand Effect.
The AT&T-Time Warner deal was approved Tuesday, and the landmark decision opens up new opportunities for mergers and acquisitions among media and content companies to better compete with tech giants. The deal has also paved the way for a bidding war between Comcast and Disney for 21st Century Fox assets.