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Facebook mulls funding video content; Yahoo reports hack of 1 billion accounts

Top News

* Facebook Inc. is in talks with television studios and video producers about funding some seed video content, Recode reports, citing a statement by Ricky Van Veen, head of Facebook's global creative strategy. Van Veen reportedly said the content being considered includes original and licensed scripted, unscripted, and sports content.

* Yahoo! Inc. disclosed that an unauthorized party in August 2013 stole data associated with more than 1 billion user accounts, and the breach is likely different from the one the company disclosed on Sept. 22. Separately, the company said that an unauthorized third party accessed the company’s proprietary code to learn how to forge cookies, according to an SEC filing.

* President-elect Donald Trump met tech executives such as Apple Inc. CEO Tim Cook, Inc. CEO Jeff Bezos, Tesla founder Elon Musk, Microsoft Corp. CEO Satya Nadella, Alphabet Inc. CEO Larry Page, Facebook COO Sheryl Sandberg and IBM's Ginni Rometty at the Trump Tower in New York City, according to a report by Bloomberg News. Trump reportedly discussed topics like jobs, immigration, trade and relations with China, sources with knowledge of the details said.

TV Networks

* Greg Silverman is stepping down as president, creative development and worldwide production, at Time Warner Inc.'s Warner Bros. Pictures to launch an independent production and entrepreneurial ventures company in partnership with Warner Bros. In a news release, the company said it named Toby Emmerich president and chief content officer of Warner Bros. Pictures Group, and Emmerich will also have creative oversight of Warner Bros. Pictures and New Line Cinema.

* AT&T Inc.'s DIRECTV and U-verse decided not to carry Esquire Network (US) from Dec. 15, Multichannel News reports, citing a company statement. AT&T reportedly said it routinely modifies its channel lineups citing various factors.

Internet & OTT

* Video-streaming service fuboTV struck affiliate agreements with 21st Century Fox Inc.'s Fox Networks Group, Comcast Corp.'s NBCUniversal Media LLC, A+E Networks, Crown Media Family Networks, Fuse Media, NBA TV (US) and The Weather Channel (US), The Hollywood Reporter reports. FuboTV will launch a beta version of the service in the coming weeks for $34.99 per month, which will reportedly cost $49.99 when it is out of the beta phase.

* Netflix Inc. teamed up with DreamWorks Animation Television and filmmaker Guillermo del Toro to stream new original series "DreamWorks Trollhunters" on Dec. 23. Aimed at families during the holiday period, the series will feature 26 episodes, the company said.

* Amazon Prime’s subscription video on-demand aggregation service Amazon Channels now features nearly 100 channels, Multichannel News reports. Amazon Channels reportedly had 75 channels in September.

* Twitter Inc. added a functionality to create live videos on the microblogging service. Using Periscope, users can create live videos on Twitter to share moments via tweets, the company said.


* In more news, the online retailer on Dec. 7 made its first Prime Air delivery, which was completely autonomous without any involvement from a human pilot. The delivery took 13 minutes, according to a video posted by Amazon Prime Air.

The day ahead

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

In Asia, the Hang Seng fell 1.77% to 22,059.40, and the Nikkei 225 was up 0.10% to 19,273.79.

In Europe as of midday, the FTSE 100 was up 0.24% to 6,965.82, and the Euronext 100 rose 0.52% to 920.65.

On the macro front

The consumer price index, the jobless claims report, the Empire State manufacturing survey, the PMI manufacturing index flash, the housing market index, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.

Featured news

The Daily Dose Asia-Pacific: Amazon takes Prime Video global; TPG wins bid to be Singapore's 4th telco: Amazon's investments in Indian content go live as Prime Video rolls out in more than 200 countries and territories, while Australia's TPG Telecom Ltd. made the winning bid in Singapore's New Entrant Spectrum Auction.

US Media & Comm director moves through Dec. 13: S&P Global Market Intelligence presents a rundown of board changes in the media and communications industries.

Capitol Connection: Media ownership reform: Perhaps the time for Congress or courts: With the FCC having tried unsuccessfully for years to update its media ownership rules, it may be time to look outside the agency, either to Congress or to the courts.

The Daily Dose Europe: Vivendi hooks 20% Mediaset stake; Fox to use scheme for Sky buyout: Vivendi SA has increased its Mediaset SpA stake to 20%, while 21st Century Fox plans a scheme for a smooth Sky plc takeover.

Featured research

Global Multichannel: BARB's pursuit of TV and online viewing consolidation is well under way, insists service's CEO: The Broadcasters' Audience Research Board chief executive is defiant in his defense of the U.K.'s TV audience measurement service.

Economics of Internet: LeEco expands to US in an attempt to shake up OTT and other markets: The Chinese company began offering its hardware and over-the-top services in the U.S. in November, gaining the attention of many for its unorthodox style and business plan.

Multichannel Trends: Cable TV Investor: Table of contents for issue No. 748, published December 2016.

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