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Netflix makes moves in Israel, Turkey; 'Pirates' sales away with box office win


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Netflix makes moves in Israel, Turkey; 'Pirates' sales away with box office win

Top news

* Israeli communications operator Partner Communications Co. Ltd. struck a deal with Netflix Inc. to offer the streaming service on Partner's upcoming television service in Israel. Netflix will be available on Partner's set-top boxes, the company said.

* Netflix green-lighted its first original series from Turkey. The 10-episode series, which is expected to debut globally in 2018, is a hero-driven action story with Ottoman and Turkish legend and history, the company said.

Film & TV programming

* Walt Disney Co.'s "Pirates Caribbean: Dead Men Tell No Tales" topped the domestic box office for the May 28 Memorial Day weekend with $62.2 million, and the worldwide box office with $270.6 million, according to comScore Inc. Disney's "Guardians of the Galaxy Vol. 2" retained the second spot at the domestic box office with $19.9 million, followed by Paramount's "Baywatch" at No. 3 with $18.1 million, 20th Century Fox's "Alien: Covenant" at No. 4 with $10.5 million and Warner Bros.' "Everything, Everything" at No. 5 with $6.2 million.

TV networks

* No time frame was disclosed for the reinstatement of Viacom Inc.'s channels, which have been off Suddenlink Communications since fall 2014. While Viacom and Altice USA, Inc.'s new distribution agreement calls for a number of the programmer's networks to be restored to some of the operator's systems, it is unclear when that reinstatement will occur.


* Apple Inc. is developing a chip that will handle artificial-intelligence related tasks on devices, Bloomberg News reports, citing a source familiar with the details. The chip, internally called Apple Neural Engine, will reportedly be used by the devices to handle tasks such as facial recognition and speech recognition.

* Lisa Barnett Sween, one of the attorneys representing Alphabet Inc. unit Google Inc., said collecting employees' wage data for the U.S. Department of Labor was too financially "burdensome" and "time-consuming," London's The Guardian reports. Sween said that company already "worked 2,300 hours at a cost of nearly $500,000 to partially comply with the government's demands," which were "broad and unconstitutional."


* WideOpenWest Inc. dove into the public markets during the week ended May 26, but the splash it made was smaller than expected. WOW!, the Colorado-based cable operator, priced its initial public offering of 18,235,295 common shares, not including additional shares reserved for underwriters, at $17 per share.

* There is a dearth of good data around municipal broadband networks, and the data that is available raises some tough questions. A new study from University of Pennsylvania Law School Professor Christopher Yoo and co-author Timothy Pfenninger, a law student, identified 88 municipal fiber projects across the country, 20 of which report the financial results of their broadband operations separately from the results of their electric power operations.

The day ahead

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

In Asia, the Hang Seng climbed 0.24% to 25,701.63, while the Nikkei 225 dropped 0.02% to 19,677.85.

In Europe, around midday, the FTSE 100 fell 0.46% to 7,513.18 and the Euronext 100 dropped 0.41% to 1,022.26.

On the macro front

The Bureau of Economic Analysis' personal income and outlays report, the S&P Corelogic Case-Shiller HPI, the consumer confidence report, the State Street Investor Confidence Index and the Dallas Fed manufacturing survey are due out today.

Featured news

Best of SNL: Media & Comm, editor's picks: Fake news, digital video and virtual reality stories are among the media and communications editor's top five picks for the week ended May 26.

Best of SNL: Media & Comm, most read: S&P Global Market Intelligence presents the five most read media and communications articles for the week ended May 26.

Data Dispatch: Battle on the high seas and white sand beaches: Middleweight comedy "Baywatch" and big-budget franchise flick "Pirates of the Caribbean: Dead Men Tell No Tales" will battle it out in the surf, and both stand to come out on top.

M&A Replay: European deals through May 26: Vodafone, Telia, Lumos Networks: S&P Global Market Intelligence provides a wrap-up of European media and communications deal announcements, completions and updates from May 22 to May 26.

M&A Replay: Microsoft acquires cybersecurity firm; RCN, Wave Broadband to merge: S&P Global Market Intelligence provides a wrap-up of U.S. media and communications deal announcements and completions from May 22 to May 26.

The Daily Dose Europe: Ukraine cracks down on Yandex; Spotify, songwriters settle lawsuit: Ukrainian authorities raided Yandex LLC's Kiev and Odessa offices due to alleged spying for Russia, while Spotify Ltd has set aside a $43.4 million fund to settle disputes with several songwriters.

The Daily Dose Asia-Pacific: Sharp, Foxconn to build ¥800B US plant; StarHub to buy cybersecurity company: Sharp Corp. and its parent company Foxconn may invest more than ¥800 billion on a display plant in the U.S., while Singaporean telco StarHub Ltd. has agreed to acquire a 51% stake in Accel Systems & Technologies, a Singaporean cybersecurity company.

Featured research

Multichannel Trends: Cable market caps reach new highs in PMV update as WideOpenWest goes public: First-quarter results helped keep the momentum going for cable shares in May, sending market caps to record levels. The club of publicly traded operators expanded, with WideOpenWest common stock hitting Wall Street on May 25.

Consumer Insights: Q1 2017 Consumer survey summary report: The rise of 'internet TV': The first-quarter 2017 U.S. Consumer Insights survey, in conjunction with past surveys conducted, documents how the market is now primed for the rise of virtual service providers, or VSPs.

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