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Last week in media: Netflix leading the sector down, exceptions included Gannett, AMC Entertainment and the NENT Group
2019-07-22 07:00:00| Telecompaper Headlines
(Telecompaper) Earnings season kicked off in a negative way with Netflix reporting disappointing net additions, although its Scandinavian peer the NENT Group faired much better after reporting. The Telecompaper Stock Index Global Media ended week 29 down 2.9 percent, versus a loss of 1.2 percent for the S&P 500. Most stocks in our index were down for the week, but there were two double digit winners: publisher Gannett (+16%) on merger talk and theatre chain AMC Entertainment (+11%) apparently on a bullish analyst report. ComScore (-17%), Netflix (-16%) and Snap (-10%) should have been avoided last week.
Liberty Global eyes Virgin Media expansion in the UK
2019-07-22 02:00:00| Total Telecom industry news
Virgin Media's ultrafast broadband network in the UK could be set for rapid expansion, as its parent company gears up to launch a new joint venture to increase rural penetration. According to a report in the Financial Times, Liberty Global plans to launch a new venture, backed by a range of high profile infrastructure funds…read more on TotalTele.com »
Dalet to acquire Ooyala Flex Media Platform business
2019-07-15 15:30:23| Digital TV News
Dalet has signed an agreement to acquire the Ooyala Flex Media Platform business. Ooyala Flex Media Platform is a subscription/SaaS offering that provides a solution for servicing OTT and digital media distribution workflows.
Tags: business
media
platform
acquire
Amino acquires 24i Media
2019-07-15 10:10:04| Digital TV News
Amino Communications has announced that it has acquired privately-held 24i. 24i provides the Amino Group with a broader and deeper product set, talented development capability, complementary skills and a greater geographical reach.
Tags: media
amino
acquires
media acquires
Last week in media: AT&T provides details on HBO Max, Facebook makes a 'relief rally' and comScore sets a new YTD low
2019-07-15 07:00:00| Telecompaper Headlines
(Telecompaper) AT&T provided the market with some details on its upcoming streaming video service. Press reports broke the news of Facebook settling with the FTC on its privacy breach issue with Cambridge Analytica. Facebook investors were relieved, as the stock went up 4.3 percent. The internet platform majors were getting ready to be heard by US politicians next week. The political headwinds apparently have already been discounted, since the Alphabet stock was up 1.2 percent. ComScore lost another 13 percent, making it the worst performer in our index from a year-to-date perspective: -68 percent. Last week's winner was Prisa (+6.5%), followed by Twitter (+4.4%) and Facebook.
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