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February 24, 2020
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Regulators should allow RTL and ProSieben to merge: Rabe

Reuters
BERLIN (Reuters) – The head of publisher Bertelsmann (BTGGg.F) said its TV arm RTL (RRTL.DE) should be allowed to merge with German rival ProSiebenSat.1 (PSMGn.DE), to give them a fighting chance against U.S. streaming giants. FILE PHOTO: German media group Bertelsmann CEO Thomas Rabe poses for the media prior to......
Reuters - Business

Univision in talks with investor group for possible sale: source

Reuters
(Reuters) – Spanish-language broadcaster Univision Communications Inc is in sale talks with a consortium of investors, a source familiar with the matter told Reuters on Friday. The consortium led by former Viacom Chief Finiancial Officer Wade Davis and investment company Searchlight Capital Partners is in the lead to acquire the......
Reuters - Business

T-Mobile-Sprint merger wins approval from U.S. judge

Reuters
NEW YORK (Reuters) – T-Mobile US Inc’s edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices. During a two-week trial in December, T-Mobile......
Reuters - Business

U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources

Reuters
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69% in Monday’s after-hours trade and T-Mobile stock......
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T-Mobile beats quarterly estimates as Sprint merger decision looms

Reuters
A T-Mobile store is pictured in the Brooklyn borough of in New York City, U.S., December 3, 2019. REUTERS/Brendan McDermid (Reuters) – T-Mobile US Inc (TMUS.O) beat analysts’ estimates for quarterly revenue and profit on Thursday, as the wireless carrier added more mobile phone subscribers to its monthly plans, some......
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Baby Yoda powers Disney streaming subscriptions to fast start

Reuters
(Reuters) – Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts. FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney’s streaming service......
Reuters - Business

Companies feel impact of coronavirus outbreak in China

Reuters
(Reuters) – Some companies have warned that a coronavirus outbreak in China could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FINANCIAL IMPACT: * Electrolux said the epidemic could have a material impact if its Chinese suppliers were further affected and that......
Reuters - Business

Factbox: Companies feel impact of coronavirus outbreak in China

Reuters
(Reuters) – Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and infected thousands could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FILE PHOTO: A worker uses a thermometer to check the temperature......
Reuters - Business

Companies feel impact of coronavirus outbreak in China

Reuters
(Reuters) – Some companies have warned that a coronavirus outbreak in China that has killed more than 250 people and infected thousands could disrupt supply chains or hurt bottom lines as factories and shops shut and airlines suspend flights. FILE PHOTO: A worker uses a thermometer to check the temperature......
Reuters - Business

NBCUniversal fined $16 million for illegal sales curb in EU

Reuters
European Digital Economy Commissioner Margrethe Vestager reacts during a news conference on NBCUniversal antitrust case in Brussels, Belgium January 30, 2020. REUTERS/Johanna Geron BRUSSELS (Reuters) – NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such......
Reuters - Business

Netflix forecasts tough start to 2020; Disney+ going global

Reuters
(Reuters) – Netflix Inc has entered a new year that will be far tougher than the one it left behind. International growth helped the streaming video service trounce expectations in the last quarter of 2019. But the company acknowledged competition had an impact in the United States, where growth missed......
Reuters - Business

Netflix subscriber forecast misses Wall Street estimate as market leader faces Disney

Reuters
(Reuters) – Netflix Inc missed Wall Street subscriber forecasts for the first quarter Tuesday, amid pressure from lower-cost services from Walt Disney Co and Apple Inc in the streaming video wars. The streaming giant added more paying subscribers than Wall Street expected in the fourth quarter, beating international subscriber estimates......
Reuters - Business

Netflix subscriber growth beats Wall Street estimate as market leader faces Disney

Reuters
(Reuters) – Netflix Inc added more paying subscribers than Wall Street expected in the fourth quarter as it faced new competition from lower-cost services from Walt Disney Co and Apple Inc for the first time in the streaming video wars. FILE PHOTO: The Netflix logo is shown in this illustration......
Reuters - Business

BBC’s Hall to step down ahead of crunch funding talks with British government

Reuters
LONDON (Reuters) – The BBC’s most powerful man will step down in six months to allow a new person to lead negotiations with Prime Minister Boris Johnson’s government over a financing model for the publicly funded broadcaster. FILE PHOTO: BBC Director General Tony Hall makes a statement in London, Britain......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Comcast bets ads work on streaming TV, plans NBC Peacock debut for April

Reuters
NEW YORK (Reuters) – NBCUniversal’s new Peacock streaming service will offer free and $5-per-month options with advertising to try to win customers for its belated entry into the online video wars, the company announced on Thursday. NBCUniversal parent Comcast Corp is betting that viewers who have abandoned traditional pay TV......
Reuters - Business

Factbox: How NBCUniversal’s Peacock streaming service stacks up against others

Reuters
(Reuters) – Comcast Corp’s NBCUniversal on Thursday gave specifics on its planned Peacock video streaming service, which will do battle with industry leader Netflix Inc and others in the highly competitive field. FILE PHOTO: The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza, formerly known as......
Reuters - Business

Comcast’s Peacock streaming service to offer free and $5- or $10-a-month options

Reuters
NEW YORK (Reuters) – Comcast Corp-owned NBCUniversal’s new Peacock service, its belated entry into the streaming video wars, will offer free and $5-per-month options with advertising, the company announced on Thursday. A peacock is pictured outside NBC headquarters at Rockefeller Center in the Manhattan borough of New York City, New......
Reuters - Business

Comcast, late to the streaming party, to give details of NBC’s Peacock service

Reuters
NEW YORK (Reuters) – Comcast Corp on Thursday will reveal details of Peacock, its belated entry into the streaming wars, as it harnesses its NBCUniversal library and invests in new content in an effort to capture viewers abandoning cable TV. FILE PHOTO: The NBC and Comcast logo are displayed on......
Reuters - Business

U.S. judge hears closing arguments in T-Mobile/Sprint merger trial

Reuters
NEW YORK (Reuters) – U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws. FILE PHOTO: A smartphones with......

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