Lisa's Feed
Apr 24, 2015

Analysis – Verizon offer tests sport networks’ hold on TV bundle

By Lisa Richwine and Jennifer Saba

(Reuters) – An escalating dispute between Verizon Communications Inc (VZ.N: Quote, Profile, Research) and media companies over Verizon’s allowing customers to pick and choose bundles of TV networks underscores the importance of live sports programming to the pay TV business.

The dispute is about channels delivered in a traditional subscription. But its effect also will be felt in the burgeoning world of streaming video and revives a long battle over whether customers should be able to build their own channel lineup.

Apr 24, 2015

Verizon offer tests sport networks’ hold on TV bundle

By Lisa Richwine and Jennifer Saba

(Reuters) – An escalating dispute between Verizon Communications Inc and media companies over Verizon’s allowing customers to pick and choose bundles of TV networks underscores the importance of live sports programming to the pay TV business.

The dispute is about channels delivered in a traditional subscription. But its effect also will be felt in the burgeoning world of streaming video and revives a long battle over whether customers should be able to build their own channel lineup.

Apr 24, 2015

Google shares rise after online ad sales drive revenue higher

By Lisa Richwine

(Reuters) – Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company’s shares higher in after-hours trading.

Shares of the world’s No. 1 Internet search engine rose after the results were released, climbing 3.5 percent on Thursday to $577.

Apr 23, 2015

Google shares rise after profit, revenue gains

By Lisa Richwine

(Reuters) – Google Inc reported higher quarterly revenue and profit as rising ad volume offset the impact of the strong dollar, sending its stock higher in after-hours trading.

Shares of the world’s No. 1 Internet search engine rose after the results were released, climbing 3.9 percent on Thursday to $579.

Apr 23, 2015

Verizon says Disney not running ads promoting Custom TV in NY

NEW YORK, April 23 (Reuters) – Verizon Communications Inc
said on Thursday that Walt Disney Co is not
running ads promoting the wireless carrier’s recently launched
FiOS Custom TV service on its channels in the New York market.

Since Verizon unveiled its cheaper, slimmer pay-TV plan on
Sunday, Disney, Comcast Corp’s NBCUniversal and 21st
Century Fox have pushed back and said Verizon’s FiOS TV
was violating existing agreements.

Apr 22, 2015

ESPN says Verizon made unilateral decision on custom TV offerings

By Lisa Richwine and Malathi Nayak

(Reuters) – Verizon Communications Inc acted on its own when the company decided how to offer ESPN and other Walt Disney Co channels in smaller custom TV packages, a spokeswoman for ESPN said on Wednesday.

Disney, Comcast Corp’s NBCUniversal and 21st Century Fox have said Verizon’s slimmer TV bundles violate existing agreements. The new offerings let customers sign up for a slimmed-down, cheaper bundle of 36 fixed channels through Verizon’s FiOS TV and add on genre-specific packages such as kids, sports or news.

Apr 16, 2015

Netflix will stick with ad-free model in China push: CEO

LOS ANGELES (Reuters) – Netflix Inc is pursuing a subscription video streaming service without commercials for the Chinese market, keeping with its traditional business model rather than seeking advertisers, Chief Executive Officer Reed Hastings said on Wednesday.

The U.S.-based company previously said it was developing plans to launch a “modest” service in China if it can acquire permission to operate in the world’s most populous country. Chinese consumers are used to watching entertainment for free that is either supported by ads or illegally pirated.

Apr 15, 2015

Netflix beats forecasts with 62 million streaming subscribers

By Lisa Richwine

(Reuters) – Video streaming pioneer Netflix Inc added more subscribers than projected in the United States and abroad during the first quarter, news that sent its shares up nearly 12 percent on Wednesday.

Net subscriber additions rose 22 percent year-over-year to 4.88 million in the March quarter, beating the company’s forecast of 4.05 million.

Apr 14, 2015

China’s Letv to sell streaming service, TVs, phones in U.S

LOS ANGELES (Reuters) – Chinese company Letv plans to bring its smartphones and smart TVs to the United States later this year and to launch a video streaming service for Chinese-speaking Americans, the company said on Tuesday.

Letv said it set up a U.S. headquarters in Redwood City, California, part of the Silicon Valley tech hub, and has opened an office in Los Angeles.

Apr 2, 2015

Fans push ‘Furious’ franchise to record-setting pace

LOS ANGELES (Reuters) – Actor Vin Diesel admits he made a mistake turning down the second film in the “Fast & Furious” franchise because he didn’t like the script.

“I realized later the audience didn’t give a shit about what I thought about the script. They wanted Dom Toretto,” Diesel said of his character, the leader of a team of street racers.