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January 26, 2020
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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......
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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......
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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......
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Asia shares camp on high ground, oil jumps on Libya shutdown

Reuters
SYDNEY (Reuters) – Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve. Investors look at screens showing stock information at a brokerage house in Shanghai, China January 16, 2020.......
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With market at record highs, eyes on reports from chipmakers

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NEW YORK (Reuters) – Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs. The S&P 500 has......
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Netflix opens Paris office, plans new French-language series

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PARIS (Reuters) – U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday. French Culture Minister Franck Riester, Reed Hastings, co-founder and CEO of Netflix and Paris Mayor Anne Hidalgo attend the inauguration......
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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......
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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......
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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

Mediaset approves changes to keep pan-European TV plan afloat

Reuters
MILAN (Reuters) – Italy’s Mediaset on Friday won shareholder approval for governance tweaks needed to smooth a pan-European expansion plan despite opposition from its second-biggest investor Vivendi, which is fighting the project in court. FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan, Italy, in this April......
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Mediaset seeks shareholder approval to ease pan-European plan

Reuters
MILAN (Reuters) – Italy’s biggest commercial broadcaster Mediaset (MS.MI) has called a shareholder meeting on Friday over governance tweaks needed to ease a pan-European expansion plan which its second-largest investor Vivendi (VIV.PA) is fighting in court. FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan, Italy, in......
Reuters - Business

Tencent gets into global groove with stake in Vivendi’s Universal

Reuters
PARIS/HONG KONG (Reuters) – A Tencent-led consortium is taking a 10% stake in Vivendi’s Universal Music Group, valuing the music label that houses Lady Gaga and The Beatles at 30 billion euros ($34 billion) and giving the Chinese firm a global backstage pass. FILE PHOTO: A Tencent sign at the......
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Graphic: For veteran Netflix shareholders, it’s been a very good decade

Reuters
SAN FRANCISCO (Reuters) – For long-term shareholders of Netflix, the end of December marks an extremely rewarding decade. The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake Shares of the video-streaming heavyweight have surged over 4,100% since the end of 2009, making......
Reuters - Business

Disney+ to debut late March in France in exclusive deal with Canal+

Reuters
FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney’s streaming service Disney+ in New York City, U.S., November 12, 2019. REUTERS/Brendan McDermid/File Photo PARIS (Reuters) – Walt Disney Co (DIS.N) will launch its Disney+ streaming service on Vivendi SA’s (VIV.PA) pay-TV business......
Reuters - Business

U.S. Justice Department preparing legal action against Live Nation: source

Reuters
FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April 18, 2019. REUTERS/Amr Alfiky (Reuters) – The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into......
Reuters - Business

Netflix could lose four million U.S. subscribers in 2020: brokerage

Reuters
(Reuters) – Needham and Co was the fourth Wall Street brokerage in two months to cut its rating for Netflix Inc (NFLX.O) on Tuesday, arguing competition from new streaming services could lead to the loss of 4 million premium U.S. subscribers next year. Needham analyst Laura Martin, who downgraded the......
Reuters - Business

CBS, Viacom complete merger in a win for Shari Redstone

Reuters
FILE PHOTO: The CBS Television Studios campus is seen in Los Angeles, California, U.S. August 3, 2018. REUTERS/Lucy Nicholson (Reuters) – CBS Corp and Viacom Inc completed their merger on Wednesday, reuniting media mogul Sumner Redstone’s U.S. entertainment empire. The combined entity, ViacomCBS Inc VIACA.O VIAC.O, is controlled by National......

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