trending Market Intelligence /marketintelligence/en/news-insights/trending/aA5u0uzkDsdqfC2xF6D51w2 content esgSubNav
In This List

FTC's Facebook settlement; AT&T's DIRECTV spinoff; California's privacy law

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021


FTC's Facebook settlement; AT&T's DIRECTV spinoff; California's privacy law

Editor's Note: Today's edition of the Daily Dose was published late due to technical issues. We apologize for the inconvenience.

Top news

* Sen. Maria Cantwell, a ranking member of the Senate Committee on Commerce, Science and Transportation, sent a letter to U.S. Federal Trade Commission Chairman Joseph Simons over the FTC's $5 billion settlement with Facebook Inc. In the letter, Cantwell said she was "concerned that the settlement lets Facebook off the hook for unspecified violations."

* AT&T Inc. was approached by private equity firm Apollo Global Management Inc. about a potential deal to spin off DIRECTV while still maintaining control of the satellite service, Fox Business reports, citing people familiar with the matter. Under the proposed deal structure, satellite operator DISH Network Corp. will be folded into a new company that will include DIRECTV and be controlled by AT&T. Apollo will provide financing and hold a minority stake in the new company along with DISH.

* California Attorney General Xavier Becerra announced proposed regulations to guide the implementation of California's new privacy law set to go into effect Jan. 1, 2020. The draft rules define how businesses, including technology companies such as Facebook and Google LLC parent Alphabet Inc., would be expected to handle consumer information under new privacy requirements instituted by the California Consumer Privacy Act.

Film & Advertisement

* Comcast Corp.'s NBCUniversal Media LLC decided not to air U.S. President Donald Trump's reelection campaign ad that targets former Vice President Joe Biden on any of its cable networks, The Wall Street Journal reports, citing a person with knowledge of the development. The company said it will not run the 30-second commercial unless changes are made to the spot. The ad reportedly contains an unsubstantiated claim about Biden's role in the ouster of a Ukrainian prosecutor.

* James Murdoch's new holding company, Lupa Systems, agreed to acquire a minority stake in Vice Media LLC, London's Financial Times reports, citing people familiar with the matter. Murdoch, who is looking to find his feet in the media business, did not comment on the matter, the report added.

Technology

* The European Union General Court allowed a number of technology companies to intervene in Google's appeal against a €4.34 billion fine imposed by the European Commission over Android-related antitrust violations, Reuters reports, citing a court document. The court proceedings are anticipated to start next year.

* Apple CEO Tim Cook defended the decision to withdraw HKmap.live app from its virtual store following strong criticism from the Chinese media, Variety reports. Cook said the app was being used maliciously to target individual officers for violence and to victimize individuals and property where no police are present.

* President Donald Trump joined Amazon.com Inc.'s livestreaming video platform, Twitch, in the run-up to the 2020 presidential election, Reuters reports. U.S. presidential election candidate Bernie Sanders and U.S. Representative Alexandria Ocasio-Cortez are also on the streaming video platform.

Internet & OTT

* Mexican film director Alfonso Cuarón signed a multiyear overall deal at Apple Inc., Variety reports. Pursuant to the deal, the director will develop television projects exclusively for Apple's upcoming streaming service, Apple TV+.

* Amazon Music is now available on Apple TV. Customers can download the new app to access songs, playlists and stations for Apple TV 4K and Apple TV HD running tvOS 12.0 and later.

Regulation

* The Trump administration signed off on special licenses for some American companies to do some business with Huawei Technologies Co. Ltd., The Wall Street Journal reports, citing a person with the knowledge of the matter. However, no licenses have yet been granted to any company. The U.S. blacklisted Huawei earlier this year over national security concerns.

The day ahead

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

In Asia, the Hang Seng climbed 2.34% to 26,308.44, and the Nikkei 225 rose 1.15% to 21,798.87.

In Europe, around midday, the FTSE 100 was up 0.60% to 7,210.66, and the Euronext 100 was up 0.83% to 1,085.79.

On the macro front

The import and export prices report, the consumer sentiment 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

S&P Global Market Intelligence Q3'19 Capital Markets League Tables: S&P Global Market Intelligence on Oct. 10 released third-quarter 2019 capital markets league tables for its covered North American sectors.

S&P Global Market Intelligence Q3'19 M&A League Tables: S&P Global Market Intelligence on Oct. 10 released third-quarter 2019 M&A league tables for its covered North American sectors.

The Daily Dose Europe: Google's EU appeal; Inmarsat deal update; UK's Huawei decision: European Union General Court allowed intervention in Googles appeal against a fine, Connect Bidco's proposed Inmarsat PLC acquisition is expected to be approved, and the U.K. may be compelled to take a decision on Huawei.

The Daily Dose Asia-Pacific: Samsung Display's US$11B investment; Huawei reprieve; M&A pause for Axiata: Samsung Display Co. Ltd. will invest 13.1 trillion won to produce next-generation display screens, the U.S. plans to allow some American companies to supply nonsensitive goods to Huawei, and Axiata Group Bhd. will slow its M&A activity.

Brexit Britain's 5G rollout tied to US trade talks: The U.K.'s indecision on whether Huawei should have access to next-generation wireless networks will impact trade talks with the U.S., experts said.

The Program Guide: Netflix, Mediaset strike co-production deal; BBC history show goes global: Netflix Inc. confirmed it entered an agreement with Mediaset SpA to jointly produce Italian films, while BBC Studios Ltd. signed presales for its "Seven Worlds, One Planet" series with a number of international broadcasters.

The Program Guide: 'Sesame Street' moving to HBO Max; 'The Walking Dead' renewed for 11th season: HBO Max and Sesame Workshop struck an agreement to bring the "Sesame Street" to the streaming service, while AMC (US) renewed postapocalyptic series "The Walking Dead" for an 11th season.

Hires and Fires Europe: Euskaltel executive chairman stepping down; Talpa Media founder to exit ITV: Alberto García Erauzkin is stepping down as executive chairman of Spanish regional operator Euskaltel SA, while Dutch tycoon and Talpa Media founder John de Mol will leave British broadcaster ITV PLC in line with a restructuring at its ITV Studios Ltd.

Hires and Fires: NBCUniversal shuffles executives; Fusion Connect CEO, COO resign: NBCUniversal is shuffling executives to consolidate oversight of its broadcast and cable production operations, while Matthew Rosen resigned as CEO of Fusion Connect Inc., effective Oct. 7.

Q&A: Bookmaker William Hill's US CEO likes the odds for in-arena sports betting in DC: Joe Asher discusses the U.K. company's deal with Monumental Sports & Entertainment LLC to open up a sports betting operation within the Capital One Arena in the nation's capitol and the burgeoning, legalized market for gambling in the U.S.

Featured research

Technology: See it in charts: Technology, September 2019: See Kagan's monthly research on technology trends at a glance in PowerPoint.

Wireless Investor: Spain: Operators look to 5G to boost revenue in highly competitive market: Spain's 4G subs grew at a CAGR of 50% from 2014 to 2018, making up 60% of the country's subscription base as of year-end 2018.

Consumer Insights: Online music is more popular in US than in China or South Korea: Comparing the use of online music services across our ten surveyed countries shows that nearly two-thirds (63%) of internet adults in the U.S. listen to online music, more than China (61%) or South Korea (55%).

Technology: US smart building case studies: Different company types deliver smart solutions: Smart buildings are expected to grow to 1.8 million units in 2023, driven by a large number of solutions hitting the market, many with the ability to finely tune energy use across large buildings, saving money and reducing payback periods.

The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.