Category Archive: TV industry

News from the Post Production industry

Announcing YouTube TV with membership at $35 a month

YouTube announced the release of their newest service, YouTube TV. It’s live TV designed for the YouTube generation—those who want to watch what they want, when they want, how they want, without commitments.

youtube-tv-logo

(From YouTube’s official blog)
What YouTube TV offers:

  • Live TV streaming from ABC, CBS, FOX, NBC, ESPN, regional sports networks and dozens of popular cable networks. YouTube TV gives you the best of live TV, from must-see broadcast shows like “Empire,” “The Voice,” “The Big Bang Theory” and “Scandal,” to the live sports you want. YouTube TV includes major sports networks like ESPN and regional sports networks like Fox Sports Networks and Comcast SportsNet, so you can watch your favorite NBA or MLB teams. We’ve also partnered with local TV stations, so you’ll also get sports and local news based on where you live. And YouTube TV offers dozens of additional cable channels, so you won’t miss out on the latest news from MSNBC or Fox News, popular shows and movies from USA or FX, kids programming from the Disney Channel or Sprout, or reality TV from E! or Bravo. You can also add Showtime, or Fox Soccer Plus to your networks for an additional charge. In total, YouTube TV gives you access to more than 40 networks, listed below.
  • A cloud DVR, with no storage limits. With YouTube TV, you’ll be able to record live TV and never run out of storage. Your cloud DVR can record as many shows as you want, simultaneously, without using precious data or space on your phone and we’ll store each of your recordings for nine months.
  • A service that works great on all your screens. You can watch YouTube TV on any screen—mobile, tablet or computer—and you can easily stream to your TV with a Google Chromecast or Chromecast built-in TV. YouTube TV works on both Android and iOS. And your cloud DVR goes with you, so you can stream your recordings on any device, whenever and wherever you want.
  • YouTube Red Originals. With a YouTube TV membership, you can watch all of our YouTube Red Original series and movies right on the new YouTube TV app.
  • Six accounts, one price. Every YouTube TV membership comes with six accounts, each with its own unique recommendations and personal DVR with no storage limits. You can watch up to three concurrent streams at a time.
  • Half the cost of cable with zero commitments. A YouTube TV membership is only $35 a month and there are no commitments—you can cancel anytime.

YouTube TV will be available soon in the largest U.S. markets and will quickly expand to cover more cities across the country. Visit tv.youtube.com and sign up to find out when we’ll launch in your market.

Source: videomag.gr

Disney launching branded streaming media box

Disney is prepping the launch of the Disney Kids TV streaming box, a TV-connected device that will focus on family-friendly entertainment.

According to Tom’s Guide, the Kids TV box, which Disney last week demoed during CES, is built by Snakebyte and runs a modified Android OS. The device is due to be launched in 2017 and will be priced at $99. It will come with pre-loaded movies, TV shows and games from Disney, and will allow users to connect to SVODs, TV Everywhere apps and streaming music.

According to IGN, the box will be sold in the Disney Kids variant as well as a Frozen and Avengers themed box. In addition to the box, Disney will sell a branded game controller for the Kids TV.

The box supports 4K and 60 fps video and it features multiple USB ports and expandable memory.

disneybox

For Disney, the new streaming box comes about around one year after the company announced a different streaming box for its DisneyLife service in China. Unlike Disney’s new streaming box, which is shaped similarly to an Apple TV or Amazon Fire TV, the DisneyLife box was shaped like Mickey Mouse, and it only connected to DisneyLife’s subscription service, instead of multiple apps and services.

While Disney looks to enter the crowded streaming box market in the U.S.—at a $99 price point, which could make competing with $30 Roku boxes a challenge—the media giant is also moving ahead with plans to launch a standalone ESPN live streaming service.

Speaking last week at an investor conference, Disney CFO Christine McCarthy offered few details on the new ESPN direct-to-consumer product, but did promise it would launch in 2017 and that it would feature sports and sporting events that are not on ESPN’s linear networks.

 

Source: http://www.fiercecable.com/broadcasting/disney-launching-branded-streaming-media-box

http://www.tomsguide.com/us/snakebyte-streaming-box-ces,news-24229.html

 

Sky and 21st Century Fox agree £18.5bn takeover deal

Rupert Murdoch’s 21st Century Fox will pay £11.7bn for the 61% stake it does not already own.

Sky shareholders will receive £10.75 in cash for each share, valuing the entire company at £18.5bn.

The deal comes amid concerns that Rupert Murdoch, who also owns the Sun and the Times newspapers, will have excessive influence over UK media.

Karen Bradley, the Culture Secretary, will have 10 days to decide whether the Fox bid raises public interest concerns – in this case media plurality. She has the power to ask Ofcom, the media watchdog, to examine the deal.

sky-logo

Tom Watson, shadow culture secretary, urged Ms Bradley to refer the deal to Ofcom: “When she stood on the steps of Downing Street this summer, the prime minister said to the people of this country that ‘when we take the big calls, we’ll think not of the powerful, but you’.

“This is a big call. The government needs to decide whose side it’s on.”

A number of Sky shareholders, including Standard Life Investments and Jupiter Asset Management, have questioned the independence of the non-executive directors and their ability to extract a higher price since a possible bid was announced last Friday.

Richard Marwood, senior fund manager at Royal London Asset Management, owner of a 0.36% stake in Sky, urged Sky’s board to share more information on the independent financial advice that they based their agreement with Fox on.

“Such disclosure would help shareholders assess the fairness of the offer and give greater confidence in the independence of the committee in the bid process,” he said.

James Murdoch, Rupert Murdoch’s son, is both chairman of Sky and chief executive of Fox.

Sky deputy chairman Martin Gilbert, who is also chief executive of Aberdeen Asset Management, which owns a 0.39% stake in the broadcaster, said: “[We] believe 21st Century Fox’s offer at a 40 per cent premium to the undisturbed share price will accelerate and de-risk the delivery of future value for all Sky shareholders. As a result, the independent committee unanimously agreed that we have a proposal that we can put to Sky shareholders and recommend.”

21st Century Fox plans to buy the remaining stake in Sky through a scheme of arrangement, which means it needs the approval of investors holding 75% of the shares.

Sky has 22 million customers in the UK, Ireland, Italy, Germany and Austria.

In 2011, Rupert Murdoch abandoned a bid to take full control of Sky in the wake of the phone hacking scandal.

 

source: http://www.bbc.com/news/business-38326530

 

AT&T to Acquire Time Warner

AT&T Inc. and Time Warner Inc. announced they have entered into a definitive agreement under which AT&T will acquire Time Warner in a stock-and-cash transaction valued at $107.50 per share. The agreement has been approved unanimously by the boards of directors of both companies.

The deal combines Time Warner’s vast library of content and ability to create new premium content that connects with audiences around the world, with AT&T’s extensive customer relationships, world’s largest pay TV subscriber base and leading scale in TV, mobile and broadband distribution.

“This is a perfect match of two companies with complementary strengths who can bring a fresh approach to how the media and communications industry works for customers, content creators, distributors and advertisers,” said Randall Stephenson, AT&T chairman and CEO. “Premium content always wins. It has been true on the big screen, the TV screen and now it’s proving true on the mobile screen. We’ll have the world’s best premium content with the networks to deliver it to every screen. A big customer pain point is paying for content once but not being able to access it on any device, anywhere. Our goal is to solve that.  We intend to give customers unmatched choice, quality, value and experiences that will define the future of media and communications.

“With great content, you can build truly differentiated video services, whether it’s traditional TV, OTT or mobile. Our TV, mobile and broadband distribution and direct customer relationships provide unique insights from which we can offer addressable advertising and better tailor content,” Stephenson said. “It’s an integrated approach and we believe it’s the model that wins over time.

“Time Warner’s leadership, creative talent and content are second to none. Combine that with 100 million plus customers who subscribe to our TV, mobile and broadband services – and you have something really special,” said Stephenson. “It’s a great fit, and it creates immediate and long-term value for our shareholders.”

Time Warner Chairman and CEO Jeff Bewkes said, “This is a great day for Time Warner and its shareholders. Combining with AT&T dramatically accelerates our ability to deliver our great brands and premium content to consumers on a multiplatform basis and to capitalize on the tremendous opportunities created by the growing demand for video content. That’s been one of our most important strategic priorities and we’re already making great progress — both in partnership with our distributors, and on our own by connecting directly with consumers.  Joining forces with AT&T will allow us to innovate even more quickly and create more value for consumers along with all our distribution and marketing partners, and allow us to build on a track record of creative and financial excellence that is second to none in our industry. In fact, when we announce our 3Q earnings, we will report revenue and operating income growth at each of our divisions, as well as double-digit earnings growth.

Bewkes continued, “This is a natural fit between two companies with great legacies of innovation that have shaped the modern media and communications landscape, and my senior management team and I are looking forward to working closely with Randall and our new colleagues as we begin to capture the tremendous opportunities this creates to make our content even more powerful, engaging and valuable for global audiences.”

Time Warner is a global leader in media and entertainment with a great portfolio of content creation and aggregation, plus iconic brands across video programming and TV/film production. Each of Time Warner’s three divisions is an industry leader: HBO, which consists of domestic premium pay television and streaming services (HBO Now, HBO Go), as well as international premium & basic pay television and streaming services; Warner Bros. Entertainment, which consists of television, feature film, home video and videogame production and distribution. Warner Bros. film franchises include Harry Potter & DC Comics, and its produced TV series include Big Bang Theory and Gotham; Turner consists of U.S. and international basic cable networks, including TNT, TBS, CNN and Cartoon Network/Adult Swim. Also, Turner has the rights to the NBA, March Madness and MLB. Time Warner also has invested in OTT and digital media properties such as Hulu, Bleacher Report, CNN.com and Fandango.

Customer Benefits

The new company will deliver what customers want — enhanced access to premium content on all their devices, new choices for mobile and streaming video services and a stronger competitive alternative to cable TV companies.

With a mobile network that covers more than 315 million people in the United States, the combined company will strive to become the first U.S. mobile provider to compete nationwide with cable companies in the provision of bundled mobile broadband and video. It will disrupt the traditional entertainment model and push the boundaries on mobile content availability for the benefit of customers. And it will deliver more innovation with new forms of original content built for mobile and social, which builds on Time Warner’s HBO Now and the upcoming launch of AT&T’s OTT offering DIRECTV NOW.

Owning content will help AT&T innovate on new advertising options, which, combined with subscriptions, will help pay for the cost of content creation. This two-sided business model — advertising- and subscription-based — gives customers the largest amount of premium content at the best value.

Summary Terms of Transaction    

Time Warner shareholders will receive $107.50 per share under the terms of the merger, comprised of $53.75 per share in cash and $53.75 per share in AT&T stock. The stock portion will be subject to a collar such that Time Warner shareholders will receive 1.437 AT&T shares if AT&T’s average stock price is below $37.411 at closing and 1.3 AT&T shares if AT&T’s average stock price is above $41.349 at closing.

This purchase price implies a total equity value of $85.4 billion and a total transaction value of
$108.7 billion, including Time Warner’s net debt. Post-transaction, Time Warner shareholders will own between 14.4% and 15.7% of AT&T shares on a fully-diluted basis based on the number of AT&T shares outstanding today.

The cash portion of the purchase price will be financed with new debt and cash on AT&T’s balance sheet. AT&T has an 18-month commitment for an unsecured bridge term facility for $40 billion.

http://www.att.com

http://www.timewarner.com/

 

 

 

 

 

 

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