By Paige Albiniak June 20, 2018 | Under chairman Mike Hopkins, Sony Pictures Television is being reorganized across its television networks, distribution and home entertainment units. As part of these changes, global networks operations and worldwide distribution/home entertainment will combine into a single business unit operating in a “territory management model.” SPT also will establish a direct-to-consumer unit “focused on engaging audiences and building new platforms.” The...

By Dade Hayes and Dawn C. Chmielewski June 20, 2018 | Disney CEO Bob Iger said changes in consumer habits are driving the company’s aggressive pursuit of 21st Century Fox studio and network assets. Facing historic levels of competition from Netflix and other digital players, traditional media powers have no choice but to act, he said in a conference call this morning with Wall Street analysts. “Direct-to-consumer distribution has actually become an even more...

By Keach Hagey and Erich Schwartzel June 20, 2018 | Walt Disney Co. raised its offer to purchase most of 21st Century Fox to more than $71.3 billion in cash and stock, topping an unsolicited offer from rival Comcast Corp. and escalating the bidding war for the coveted media properties. Disney’s new offer is far higher than its original deal, $52.4 billion in stock, and surpasses...

By Janko Roettgers July 19, 2018 | Roku plans to launch a marketplace for video subscription services in the coming months, which will allow consumers to sign up for and watch subscription services without the need to download separate apps on Roku devices, Variety has learned from multiple sources familiar with the company’s plans. The marketplace is said to be similar to Amazon Channels, a popular à la...

By Brad Olesen June 18, 2018 | Apple Inc. isn’t known for the unique video content offered by Netflix Inc., Walt Disney Co. and Amazon.com Inc., but it may have just taken the gloves off in a new fight. The iTunes and App Store operator’s partnership with “A+ Hollywood name” Oprah Winfrey Friday may just be the “tip of the spear” in a looming content battle, according...

By Gerry Smith and Scott Moritz June 15, 2018 | HBO’s new owner is looking to devote more money to the network behind “Game of Thrones” and “Westworld.” John Stankey, the incoming head of AT&T Inc.’s entertainment division, plans to boost the service's original-programming budget to keep pace with deep-pocketed rivals like Netflix Inc. AT&T took over HBO and the rest of Time Warner Inc. on...

By Joe Flint and Drew FitzGerald June 15, 2018 | In an interview one day after AT&T Inc. closed on its $81 billion purchase of Time Warner Inc., John Stankey, the executive tasked with overseeing the entertainment giant’s assets, said the company will be aggressive when it comes to acquiring content and building new ways to reach viewers. “Everybody agrees that the right thing for...

By Dawn C. Chmielewski and Dade Hayes June 14, 2018 | Comcast is prepared to make concessions, including shedding Fox’s stake in the online streaming service Hulu, in order to win regulatory approval for its $65 billion offer to acquire most of 21st Century Fox’s film and television assets, according to sources. The U.S. cable giant, in a competing bid submitted yesterday, promised to match any of the remedies...

Scott Lenet of Touchdown Ventures moderated an investor panel for the DEG's NextUP: Alternate Realities in Los Angeles last month. July 11, 2018 | The story of VC investor interest in the virtual reality market is pretty straightforward. While the underlying technology has been around for quite some time, in 2014 Facebook bought Oculus for $2 billion, and suddenly VCs and entrepreneurs began paying serious...

By Gerry Smith June 13, 2018 | Your move, Disney. After Comcast Corp. made a $65 billion bid on Wednesday for 21st Century Fox Inc.’s entertainment assets -- the same holdings that Walt Disney Co. had agreed to buy for about $52.4 billion -- the Mouse House is under pressure to respond. At stake is a trove of media properties, ranging from “The Simpsons” to “X-Men,”...