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Fox, NCTC carriage deal; FuboTV loses Sinclair RSNs; Google criticized

Top news

* The National Cable Television Cooperative Inc. and Fox Corp. reached a multiyear carriage deal covering a number of the programmer's cable networks. The deal enables members of the NCTC to provide continued carriage of FOX News Channel (US), FOX Business Network (US), FOX Sports 1 (US), FOX Sports 2 (US), FOX Deportes (US) and Fox Soccer Plus to their subscribers.

* While the new year saw a number of retransmission-consent and carriage renewals, some parties did not agree terms, resulting in service disconnections. FuboTV Inc. lost access to several Sinclair Broadcast Group Inc.-owned regional sports networks. Four Apollo Global Management Inc.-controlled broadcast stations are dark to Verizon Communications Inc. Fios subscribers.

* Apple Inc.'s new licensing deal with Imagination Technologies Group PLC could see the British chipmaker's components make it into iPads, the Apple Watch and a rumored augmented reality headset, according to analysts.

* Google's former head of international relations, Ross LaJeunesse, criticized the tech company's approach to human rights, Fox Business reports. LaJeunesse said executives at the Alphabet Inc. unit declined to establish formal company-wide human rights principles while he worked there.

Film & Advertisement

* Cinedigm Corp. signed a definitive stock purchase agreement for about 29% of the outstanding equity of Chinese entertainment company Starrise Media Holdings Ltd. Under the deal's terms, the company agreed to issue 54,850,103 shares of class A common stock.

* Sony Corp. is bringing "The Grudge" back to life, in line with the studio's recent efforts to remake some of its biggest hits. The 2020 iteration of "The Grudge" is an R-rated revamp of the 2004 PG-13 film of the same name, which itself was based on the Japanese horror movie "Ju-on: The Grudge." As with the previous films, the story centers on vengeful ghosts and the victims ultimately consumed by them.

Internet & OTT

* Box Inc. CEO Aaron Levie said the California Consumer Privacy Act will not have a major impact on internet companies as most consumers do not care about privacy online and would willingly trade it for access to services such as Google LLC, CNBC reports. However, Levie believes that a privacy law will help improve the reputations of such companies.

* The Walt Disney Co.'s U.K. subsidiaries spent £1.5 billion over six years to create the five latest "Star Wars" films, according to research conducted by London's The Daily Telegraph.


* The International Telecommunications Union adopted the Advanced Television Systems Committee 3.0 as a recommended digital broadcast standard. The ATSC 3.0 broadcast standard, also known as Next Gen TV, allows broadcasters to transmit data to increase TV broadcasts and provide new revenue opportunities.

* Clayton Dubilier & Rice LLC further increased its cash offer for Anixter International Inc., a global provider of network, security, electrical, electronic and utility power services, in a deal that pegs the latter's enterprise value at about $4.3 billion. Under the revised offer, Clayton intends to pay $93.50 per share to Anixter shareholders.

* Respawn Entertainment LLC's co-founder and CEO, Vince Zampella, will lead the Los Angeles-based offices of DICE, an Electronic Arts Inc.-owned game studio, the Los Angeles Times reports.


* The Internet & Television Association, or NCTA, backed The National Association of Broadcasters' petition to the Federal Communications Commission to narrow its definition of non-candidate ads on "any political matter of national importance." NCTA said it agrees with NAB that the FCC "imposed an overly strict standard that fails to account for the frenetic pace of political advertising sales during the heat of an election."

The day ahead

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

In Asia, the Hang Seng declined 0.32% to 28,451.50. Nikkei 225 is closed today.

In Europe, around midday, the FTSE 100 was down 0.46% to 7,569.23, and the Euronext 100 was down 0.66% to 1,150.59.

On the macro front

The motor vehicles sales report, the ISG Manufacturing Index, the construction spending report, the EIA Natural Gas Report and the Baker-Hughes Rig Count report 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

The Daily Dose Europe: MEO/Cellnex deal; Sunrise CEO exit; Disney's spending on Star Wars: Altice Europe unit MEO sold 25% equity interest in OMTEL to Cellnex Telecom SA, Sunrise Communications Group AG CEO Olaf Swantee is stepping down, and The Walt Disney Co. units in the U.K. spent £1.5 billion on the production of Star Wars movies.

The Daily Dose Asia-Pacific: China's wider antitrust laws; Cinedigm/Starrise deal; telecom dues in India: China plans to extend the country's antitrust law to internet businesses, Cinedigm inked a deal to acquire a stake in Starrise Media, and India is seeking at least US$30 billion in overdue telecom fees.

Disney+ UK partnerships; Starzplay Arabic original; Sky-Channel 5 deal: The Walt Disney Co. may ink partnerships in the UK for Disney+, Starzplay teamed up with Image Nation Abu Dhabi for original content, and Sky will bring Channel 5 (UK)'s content to its NOW TV service.

Samsung to invest US$8B in China chip plant; Tencent to invest US$10B in Europe: Samsung Electronics Co. Ltd. will invest an additional US$8 billion at its chip factory in China, while Tencent Holdings Ltd. is planning a US$10 billion investment in Europe in 2020.

Featured research

Technology: 5G drives near-term global small cell forecast to $2.2 billion: Small cell technology will be fundamental in mobile network coverage expansion over the next five years, as both wireless operators and enterprises leverage a combination of indoor and outdoor solutions to deliver 5G services as broadly as possible.

Consumer Insights: HBO NOW viewers prefer originals over films: According to data from Kagan's fall U.S. online consumer survey, only a quarter, or 26%, of HBO NOW users indicated that they most enjoy recent or older movies, compared with 73% that selected original content.

Economics of Advertising: Newspaper advertising revenue 10-year projections, 2020-2029: Advertising revenue for print newspapers fell 14.3% in 2019. This report includes analysis of the print newspaper industry with 10-year projections to 2029.

Economics of Advertising: Cable network prime-time delivery falls 8.2% in November: Prime-time delivery data from Nielsen highlights a slight improvement in year-over-year declines at basic cable networks in November.

Economics of Internet: Profile: Snapchat Discover: Snapchat Discover has expanded its repertoire of diverse video content, largely driven by its increasing number of partnerships since its initial launch in 2015.

Economics of Internet: State of Russian OTT video: Subscription: Subscription online video in Russia continued its growth trajectory, adding 750,000 customers in 2019 to reach a total of 2.5 million.

Economics of Internet: Apple TV+ places big focus on originals: We take a look at Apple TV+ programming spend over the next five years, with a breakdown of amortized original and acquisition spending.

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