Author: Jess Barnes
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Fox Sold Roku Shares to Morgan Stanley Ahead of Tubi Acquisition
Yesterday, a block of 6 million Roku shares went up for sale. That night, Fox Corp. reached out to Morgan Stanley, asking the company to take on Fox’s 5% stake in Roku, according to sources for The Wall Street Journal. Morgan Stanley accepted the deal, took the shares, and sold for $58/share. Today, Roku bounced…
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Fox Acquires Free Streaming Service Tubi in a $440 Million Deal
Fox has just acquired the free streaming service Tubi, reportedly for $440 million in cash. “Tubi will immediately expand our direct-to-consumer audience and capabilities and will provide our advertising partners with more opportunities to reach audiences at scale. Importantly, coupled with the combined power of FOX’s existing networks, Tubi provides a substantial base from which…
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Frontier Moves Toward Restructuring Debt by Entering Interest Payment Grace Period
In January, we reported on Frontier Communications’ struggle to survive with the growth of cord cutting. At that time, reports showed that Frontier was planning to file for bankruptcy this month. Now, Frontier has announced that it will invoke a 60 day grace period to pay its debt, originally due March 16. “We remain actively…
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Movies Anywhere Will Now Let You Lend Movies to a Friend
Movies Anywhere, the service that allows you to build your digital movie collection by connecting iTunes, Amazon Video, Google Play, Vudu, and other accounts, has a new feature. With the Screen Pass feature, you can share movies you’ve purchased with friends and family. Screen Pass allows Movies Anywhere users to share up to three films…
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The NFL Can Now Begin Negotiating TV Rights Deals, Agrees to Longer Season
The NFL can now begin negotiating deals for airing games, after the league and the NFL Players Association came to an agreement yesterday. We reported last month that the Collection Bargaining Agreement would affect everything from the number of games in the season to which networks will win rights to air the games. Multichannel reports…
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The Nvidia Shield is Now on Sale for $20 Off
The Nvidia Shield is now on sale for $129.99, down from $149.99. The Nvidia Shield rarely goes on sale, so be sure to take advantage of this offer if you’ve been thinking about buying an Android TV device. This streaming player comes with a brand-new Tegra X1+ processor offering a 25% jump in performance compared to…
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Staying Home Could Increase Media Usage By 60% Nielsen Says
Nielsen has released a report showing that when consumers stay at home during major events, media consumption can rise by 60%, with working from home driving an increase in viewership. “Be it snowstorms, hurricanes or a global pandemic, media users ramp up their media consumption to stay informed, kill time, find solace and stay in…
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Birds of Prey & The Gentlemen Move Up Their On-Demand Release Date
As schools and businesses continue to close due to coronavirus concerns, movie studios are changing their strategies when it comes to releasing films on demand. Last week, Disney moved up the on-demand release date of Frozen 2 on Disney+, followed by the early release of Star Wars: The Rise of Skywalker for digital purchase. Now,…
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NBCUniversal Will Release Films to Stream Alongside Theatrical Releases
Today, NBCUniversal announced that movies that were lined up to show in theaters will now be made available on-demand at the same time that they hit theaters still left open during the coronavirus pandemic. This decision breaks the tradition of the typical 90 day period between films leaving theaters and becoming available to watch at…
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Viasat Pledges to Keep Customers and Small Businesses Connected During Coronavirus
Late last week, many internet providers took the FCC’s pledge to maintain customer service during the coronavirus pandemic. Now, many companies are going beyond the basic guidelines of that agreement, taking additional measures to keep customers connected. Today, Viasat, a global communications company, announced that it will join others in taking the FCC pledge, along…