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Comcast and Internet TV network Netflix have announced that the Netflix service will launch on millions of X1 devices across the US next week.
Time Warner has agreed to pay $583 mn for the 10% stake, thereby valuing Hulu at $5.8 bn. It joins Disney, 21st Century Fox and Comcast in the streaming-TV service JV.
The Netflix service will be integrated onto some of Comcast’s upgraded cable TV boxes. The deal is being seen as a win for Netflix.
CBS, Comcast, Discovery, Disney, Fox, Time Warner and Viacom continued last year to lavish their chiefs with some of corporate America’s largest salaries running into several millions of dollars— often way out of whack with their company’s performance.
Comcast’s entertainment arm NBCUniversal’s TV unit has reported higher TV advertising revenues in the third quarter as compared to the first half of the year.
Comcast has announced the launch of a new video streaming service ‘Watchable’ that will curate a selection of best content from popular online video networks and shows.
Prem Parameswaran is appointed as group CFO of Eros International and president – North America, a newly created position.
For the first time, America’s largest cable company has more broadband than cable TV subscribers. When Comcast reported this shift in its Q2 results, it was signalling to the world that the future ruler would be the internet. In India, the dethroning process would take longer. TVP looks at the broadband plans of the MSOs and finds out why.
Cisco has launched Converged Cable Access Platform (CCAP) cBR-8 that aims to provide internet access at 10 Gbps. The platform is being deployed by Comcast and Altice.