Oct 26 (Reuters) – Time Warner Cable, under pressure to sign TV distributors to cover the costs of its deal to carry Los Angeles Lakers games, signed agreements with Charter Communications and Verizon four days before the basketball team’s first home game, the companies said on Friday.
“Charter is the first provider of this brand new programming in our service areas, and we know that the addition of these networks especially pleases our customers in Southern California,” said Allan Singer, Charter’s senior vice president of programming.
LOS ANGELES (Reuters) – Premium cable network HBO delayed the launch of video and online distribution of its programming in four Scandinavian countries, giving a head start in the region to a video streaming service by rival Netflix Inc.
HBO Nordic, the joint venture that runs the service, said in a statement to Reuters it had “slightly” pushed back the start date in Finland, Norway, Sweden and Denmark. It did not give a new launch date or a precise reason for the delay.
LOS ANGELES, Oct 26 (Reuters) – U.S. consumer spending on
home video purchases rose slightly in the third quarter,
extending a slow recovery for Hollywood studios this year as
digital sales and Blu-ray discs replace traditional DVDs.
Spending on physical discs and electronic versions of movies
and TV shows was $3.9 billion from July to September, according
to figures released Friday by the industry-backed Digital
LOS ANGELES (Reuters) – Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent.
Netflix said on Tuesday it added 1.2 million new U.S. customers to its on-demand TV and movie streaming service during the July to September period, for a total of 25.1 million. That fell at the low end of the company’s guidance and below what some analysts predicted.
LOS ANGELES (Reuters) – Netflix Inc signed up fewer new U.S. subscribers than Wall Street expected and rolled back the total number of customers for the year, sending its shares plunging 15 percent.
Netflix said on Tuesday it added 1.2 million new customers to its on-demand TV and movie streaming service in the United States during the July to September period, for a total of 25.1 million.
LOS ANGELES (Reuters) – Netflix Inc launched its subscription video service in 49 countries in a little more than a year, a push that has left Wall Street analysts wondering if the company is trying to expand its reach too quickly.
Last week, the Los Gatos, California-based company began offering on-demand movies and TV shows in Scandinavia, a region Chief Executive Reed Hastings called a battleground for television delivered over the Internet. The company competes there with premium cable network HBO, which is starting to sell online subscriptions to its programs.
Oct 22 (Reuters) – When the mighty New York Yankee bats went
silent during a humbling four-game sweep in the American League
championship series, it was more than a blow to a franchise that
has won 27 World Series titles. It also doomed the Fox TV
network to what could rank as the lowest-rated World Series in
The series, which starts on Wednesday, pits the Detroit
Tigers against the St. Louis Cardinals or San Francisco Giants,
a matchup that will not include one of the top five U.S. TV
markets. The National League team will be decided in a
winner-takes-all game seven on Monday night.
LOS ANGELES (Reuters) – The fourth “Paranormal Activity” fright flick crept into the No. 1 spot at the weekend box office with $30.2 million in U.S. and Canadian ticket sales.
Iran hostage thriller “Argo” earned $16.6 million and took second place, studio estimates released on Sunday showed. Two-time box office leader “Taken 2″ fell to the No. 4 spot with $13.4 million from Friday through Sunday.
LOS ANGELES, Oct 16 (Reuters) – Rupert Murdoch survived yet
another attempt to oust him as chairman of his News Corp
media empire on Tuesday, the second straight year he
has defeated critics who say his family wields too much control
over the company.
Shareholders re-elected Murdoch, his two sons, Lachlan and
James, and the rest of the company’s returning board members
during a 75-minute meeting in Los Angeles. They also voted
against proposals that would have separated the chairman and CEO
roles held by Murdoch and eliminated News Corp’s dual class
stock structure, which gives the Murdoch family voting control
of the company.
LOS ANGELES (Reuters) – Liam Neeson thriller “Taken 2″ won a battle between two hostage movies over the weekend, holding on to its top box office rankings for a second week with $22.5 million from ticket sales at U.S. and Canadian theaters.
Ben Affleck’s highly praised Iran hostage thriller “Argo” was as close second, earning $20.1 million from Friday through Sunday. Low-budget horror movie “Sinister” came in third with $18.3 million, according to studio estimates compiled by Reuters.