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Google buys AMP Converter technology; Apple ends Weinstein series deal

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Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

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Fintech Intelligence Newsletter: February 2021

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Episode 5: The Future of Work - The World of Workforce Experience and Productivity

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Google buys AMP Converter technology; Apple ends Weinstein series deal

Top News

* Alphabet Inc. unit Google Inc. purchased Relay Media's AMP Converter technology for an undisclosed sum, according to a post on Relay Media's website. Relay Media will continue to provide service to existing customers during the transition to Google's infrastructure.

* Apple Inc. ended plans for an Elvis Presley biopic series produced by The Weinstein Co., TechCrunch.com reports, citing a source close to the tech giant. The deal was canceled amid sexual harassment allegations against the production company's former Co-Chairman Harvey Weinstein.

* While a New Hampshire senator looks at ways to expand broadband in her state, a House subcommittee will look at security breaches at the standards setting agency that is supposed to help mitigate cybersecurity attacks.

TV Networks

* Walt Disney Co.'s ESPN (US) suspended "SportsCenter" anchor Jemele Hill for two weeks for violating the company's social media guidelines for a second time, Multichannel News reports, citing an official statement. The suspension came after Hill asked people to boycott advertisers of the Dallas Cowboys over a statement by the owner to bench players who knelt during the national anthem.

* Capitol Broadcasting Co. renewed its multiyear retransmission deal with DISH Network Corp.'s DISH Network LLC for WRAL-TV, WRAZ-TV and WILM-TV in the Raleigh, N.C. and Wilmington, N.C., markets. The contract was renewed months before its expiration date.

Advertising

* Microsoft Corp. is internally investigating sales records to check whether Russian-linked entities bought ads on Bing or other company products during the 2016 U.S. election, Recode reports. A company spokesman said if any inappropriate activity is found it will take steps to minimize such misuse in the future.

Technology

* Microsoft struck a 15-year deal to buy wind energy from GE's new 37-megawatt Tullahennel wind farm in County Kerry, the Republic of Ireland. The deal, financial terms of which were not disclosed, will allow Microsoft to support Microsoft Cloud services from Ireland, the company said.

* Alphabet's self-driving-car unit Waymo is teaming up with other organizations to launch a public education campaign for self-driving cars, according to an official blog post. The campaign will seek to raise awareness about the cars and to address any concerns regarding passenger safety.

Internet & OTT

* Netflix Inc. will premiere a television docuseries about Italian soccer club Juventus FC in early 2018, the company said. The series will feature four hour-long episodes.

* Netflix struck a deal to produce its first original series in the Middle East. The streaming giant will produce a stand-up comedy special with Lebanese comedian and actor Adel Karam, according to a news release. The series is expected to premiere on Netflix in 2018.

* Investors responded to Netflix's latest price increase as bullishly as the historical data could have predicted, but the real impact of the price hike on the stock will be felt when the subscriber trends are revealed. According to S&P Global Market Intelligence data, Netflix shares jumped about 5.4% on the day of the news, which was first reported by Mashable on Oct. 5, and 7.4% on the following day.

* Netflix said it did not receive any tax deals to set up a production company in Canada. In an official blog post, the streaming company said the investment was made under the Investment Canada Act and the move has nothing to do with the recent price increase.

* Google's YouTube removed bump stock instructional videos from its platform following the shooting in Las Vegas, The Daily Telegraph of London reports. The bump stock modification allows a rifle to automatically re-fire bullets.

The day ahead

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

In Asia, the Hang Seng rose 0.58% to 28,490.83, while the Nikkei 225 rose 0.64% to 20,823.51.

In Europe, around midday, the FTSE 100 was up 0.20% at 7,522.78 and the Euronext 100 was 0.07% higher at 1,046.02.

On the macro front

The NFIB Small Business Optimism Index and Redbook are due out today.

Featured news

The Daily Dose Europe: Amazon may pay back taxes to US; Russia-linked ads found on Google's platforms: About half of Amazon.com Inc.'s profits in its Luxembourg-based holding company may be taxable in the U.S., while Google has found Russia-linked ads on its YouTube, Gmail and Google Search platforms.

Hires and Fires Asia-Pacific: Media & Comm moves through Oct. 9: Sony Interactive, Baidu, Walt Disney: S&P Global Market Intelligence presents a monthly rundown of executive and board changes in the Asia-Pacific media and communications industries.

M&A Replay: Amazon acquires 3D startup; Cincinnati Bell closes OnX deal: S&P Global Market Intelligence provides a wrap-up of U.S. companies' media and communications deal announcements and completions from Oct. 2 to Oct. 6.

The week in OTT: Netflix hikes monthly prices; CBS turns to comedy: Netflix is raising prices on some of its streaming plans in the U.S., while CBS All Access is premiering its first original comedy series.

Featured research

Economics of Internet: Profile: Netflix (India): Netflix launched in India in January 2016 as part of its major global roll out. The service has maintained a strategy in the region of targeting upper income clientele through a premium price point and highly selective content acquisitions.

Economics of Networks: Cord cutting brings multichannel penetration below 80% for 2016: The imbalance between subscriber declines and household growth resulted in multichannel penetration falling from more than 86% in 2009 to less than 80% in 2016.

The Best Of: Kagan research and analysis, editor's picks: Presenting the editor's top picks from Kagan's exclusive research and analysis for the week ended Oct. 6.

Economics of Networks: License fee hikes help offset subscriber declines for cable networks: Cord cutting has hit the pay TV universe, but the industry continues to grow revenue with rate increases to affiliate fees.

The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.