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ViacomCBS' CBS All Access revamp; Charter's hiring push; New York AG's Zoom deal

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ViacomCBS' CBS All Access revamp; Charter's hiring push; New York AG's Zoom deal

Top News

* ViacomCBS Inc. aims to further fuel gains in streaming viewing with a revamp of its subscription service CBS All Access this summer. ViacomCBS President and CEO Bob Bakish told analysts that CBS All Access will be rebranded and sport a new user interface. International expansion is on tap in the next 12 months.

* Charter Communications Inc. hired more than 3,000 new workers across the U.S. amid the COVID-19 pandemic, and is actively seeking to fill thousands of additional jobs across the company’s 41-state operating region, the company said. The company remotely hired 100% new staffers since it began virtual hiring in mid-March.

* New York Attorney General Letitia James announced a deal with Zoom Video Communications Inc. that will offer security safeguards for meeting participants on the video communication platform, according to a press release. James, who launched a probe into Zoom's privacy and security measures in March, noted that Zoom took measures to cease user data sharing with Facebook Inc. and disabled LinkedIn Navigator feature, which shares LinkedIn Corp. profiles with users regardless of users' privacy preferences.

* Cable operators continued to grow their mobile businesses in the first quarter and take share from incumbent wireless carriers, despite facing headwinds from the coronavirus pandemic. Combined, Charter Communications Inc., Comcast Corp. and Altice USA Inc. added more than half a million net mobile customers during the first quarter.

Internet & OTT

* ViacomCBS announced an expanded, multiyear distribution deal with Alphabet Inc. unit Google LLC to bring more content from ViacomCBS' portfolio to subscribers of YouTube LLC's live TV and on-demand subscription service. The deal sees 14 more ViacomCBS channels launching on YouTube TV, in addition to currently carried CBS (US) channels, including Pop TV, Smithsonian Channel (US) and The CW (US).

* Roku Inc. added 2.9 million incremental active accounts in the first quarter ended March 31 to reach 39.8 million active accounts, according to a Form 8-K filing. In addition, the streamer noted a 1.6 billion-hour quarterly increase in streaming hours to reach a record 13.2 billion.

* Quibi Holdings LLC's lawyer Michael Jacobs reportedly said the streamer will face irredeemable damage in case it is compelled to disable its Turnstyle feature, a major theme of a lawsuit brought by interactive video company Eko. During a telephonic hearing led by U.S. District Judge John Kronstadt, Eko's lawyer Neel Chatterjee argued that Quibi could still offer their service if they disabled the feature, Variety reports, citing individual arguments.

* NBCUniversal Media LLC's upcoming streaming service Peacock will be available on Microsoft Corp.'s Xbox One line of video gaming consoles, including Xbox One S and Xbox One X, when it premieres in the U.S. on July 15, according to a press release.

* Google and Facebook will permit their staffers to continue remote work for the remainder of 2020 amid plans to reopen offices soon, BBC News reports, citing individual statements. Google extended its remote work policy by seven additional months from June 1, while Facebook reportedly said it will reopen offices on July 6 as restrictions tied to the COVID-19 pandemic are eased.

* YouTube launched a number of tools to help advertisers navigate a changing environment, according to a blog post. The new features include Brand Lift measurement on the TV screen and more flexible formats for content cast onto the TV screen.

* CBS All Access is adding more than 100 films from Paramount Pictures Corp.'s content library to its video on-demand and live streaming service.

Multichannel

* DISH Network Corp. President and CEO W. Erik Carlson said that as a result of COVID-19's impact on the travel and hospitality industry, DISH removed about 250,000 subscribers representing DISH TV commercial accounts. Net pay TV subscribers decreased by about 413,000 for the first quarter, compared to a net decrease of 259,000 in the prior-year period.

* Atlantic Broadband Group LLC said it will extend its support to the U.S. Federal Communications Commission's Keep Americans Connected Pledge until June 30. Besides making its free Wi-Fi hotspots available to the public, Atlantic will not terminate internet or phone services and will waive late fees for customers that inform the company of their inability to pay due to circumstances resulting from the coronavirus pandemic.

Technology

* Zoom bought Keybase Inc., a secure messaging and file-sharing service, amid its efforts to enhance online security. With the implementation of Keybase, Zoom will provide end-to-end encrypted meeting mode to all paid accounts.

* Apple Inc. awarded a $10 million grant to Copan Diagnostics Inc., a manufacturer of sample collection kits used for COVID-19 testing, to help support global response efforts to COVID-19. The grant will help expand the healthcare equipment company's production of sample collection kits to over 1 million kits per week by early July from several thousand currently.

* Teradata Corp. appointed Steve McMillan president, CEO and a director of the company. McMillan replaces interim President and CEO Victor Lund, who will step down from the company's board, effective upon the appointment of McMillan as CEO on June 8.

* Intel Corp. is facing complaints that it undermined staffers' safety at certain factories by continuing to produce chips amid the coronavirus outbreak, Bloomberg News reports, citing complaints filed with government agencies and workers at one of the locations. Intel, meanwhile, said it introduced new policies for employee safety and continued production since its products are essential.

Publishing

* News Corp. Executive Chairman Rupert Murdoch is relinquishing his cash bonus for fiscal year 2020 amid the company's cost-cutting efforts to deal with the impact of the COVID-19 crisis. According to an earnings release, CEO Robert Thomson said he will also give up 75% of his annual cash bonus.

READ MORE: Sign up for our weekly coronavirus newsletter here, and read our latest coverage on the crisis anytime here.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, the Hang Seng rose 1.04% to 24,230.17, and the Nikkei 225 ascended 2.56% to 20,179.09.

In Europe, around midday, the Euronext 100 was up 0.92% to 897.94.

On the macro front

The Employment Situation Consensus, Wholesale Trade Consensus and Baker-Hughes Rig Count are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

Featured news

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