* The Colorado attorney general's office pulled out of a multistate lawsuit filed to block the proposed merger between T-Mobile US Inc. and Sprint Corp. after DISH Network Corp. promised to locate its new wireless headquarters in the state with at least 2,000 full-time employees. Under the settlement, Colorado will be among the first 10 states where DISH plans to deploy 5G broadband services by 2023.
* Fox Corp. renewed its distribution agreement with Charter Communications Inc., which covers the distribution of the FOX Television Stations, FOX News Channel (US), FOX Business Network (US), FOX Sports 1 (US), FOX Sports 2 (US), BTN (US) and FOX Deportes (US). The agreement also includes video-on-demand and TV Everywhere rights for these networks.
* Facebook Inc. removed four separate networks of accounts, pages and groups linked to Iran and Russia for engaging in "coordinated inauthentic behavior" on its platform and Instagram LLC, according to an official blog post. The social media giant said these operations created networks of accounts to mislead others about who they were and what they were doing.
Film & Advertising
* The U.S. Department of Justice is considering a probe into Comcast Corp.'s plans to drop the Starz (US) movie channel and related networks from its cable lineup, the New York Post reports, citing sources. Comcast is still offering Starz to its Xfinity video consumers a la carte for an additional $12. The DOJ wants to determine whether Comcast is "abusing its market power" in dealing with networks like Starz that also sell to consumers directly through streaming platforms, a source with knowledge of the matter said.
* Buoyed by video gains, digital advertising grew 17% during the first half of 2019, reaching just under $58.0 billion, according to a report from the Interactive Advertising Bureau Inc. The report, prepared by PricewaterhouseCoopers, found that spending on digital advertising in its various forms totaled a record $57.9 billion, up from $49.5 billion in the first half of 2018.
Internet & OTT
* Netflix Inc. is planning another $2 billion debt offering to fund content acquisitions, production and development, among other general corporate purposes. The streaming giant said it plans to raise the funds via an offering of U.S. dollar-denominated and euro-denominated senior unsecured notes in two series.
* Walt Disney Co.'s Marvel Entertainment inked a deal to create exclusive podcasts for Sirius XM Holdings Inc.'s satellite radio and streaming services and Pandora Media LLC. The agreement, terms of which were not disclosed, will include scripted and unscripted podcasts, live events and regular talk shows, according to a company post.
* Facebook is increasing transparency in an effort to combat misinformation and voter suppression ahead of the November 2020 U.S. presidential election. The social media giant said it is taking steps such as showing more information about the confirmed owner of a Facebook page and more prominently labeling content that independent fact-checkers have marked as false.
* Like Facebook, Twitter Inc. is also looking to create a new policy to tackle "manipulated media, including deep fake videos," ahead of the 2020 U.S. Presidential election, Bloomberg News reports, citing a company spokesman. However, Twitter will ask the public for feedback before creating such a policy.
* Microsoft Corp. purchased Mover, a provider of cloud file migration, including admin-led and self-service offerings, for an undisclosed sum. The acquisition will enable seamless file collaboration across Microsoft 365 apps and services, including the Office apps and Microsoft Teams.
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S.
In Asia, the Hang Seng gained 0.23% to 26,786.20.
In Europe, around midday, the FTSE 100 lifted 0.37% to 7,189.91, and the Euronext 100 fell 0.11% to 1,091.46.
On the macro front
The Redbook Index for retail sales, the existing homes sales report and the Richmond Fed manufacturing index 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.
The Daily Dose Europe: Banijay-Endemol Shine's €2B deal; Facebook in UK; KCOM deal update: Banijay Group S.A.S is close to an acquisition deal for Endemol Shine Group, Facebook plans to set up an operations center in the U.K., and the European Commission approved MEIF 6 Fibre's planned acquisition of KCOM Group PLC.
The Daily Dose Asia-Pacific: WeWork takeover; Bharti Infratel/Indus Towers merger update; Huawei procurement: SoftBank Group Corp. is in advanced discussions to take control of WeWork Cos. Inc., Bharti Infratel Ltd.'s merger with Indus Towers Ltd. will not be completed by the scheduled deadline, and Huawei Technologies Co. Ltd. increased procurement from South Korea and Japan.
Amazon is writing facial recognition legislation to shape its tech future: The e-commerce giant is taking a proactive role in the legislative process as it promotes its own controversial Rekognition software.
The US Week Ahead: Zuckerberg to testify on financial services, housing issues: In Oct. 23 testimony, Facebook CEO Mark Zuckerberg is expected to receive a number of questions about Libra, the company's proposed cryptocurrency.
Huawei boosts procurement from South Korea, Japan amid US trade tensions: The Chinese telecom equipment provider has amended its supply chain to ensure that it does not rely on a "single supplier or country," a source told S&P Global Market Intelligence.
The Week in OTT: AT&T TV Now price hike; Fox Sports-Facebook Watch content deal: AT&T Inc. is raising the prices for its online television service, AT&T TV Now, while Disney Family Movies On Demand service will no longer be available as of Oct. 31.
M&A Replay: Canadian fund to invest in Axel Springer; EC approves Infineon, Cypress deal: The Canada Pension Plan Investment Board committed to investing in a KKR & Co.-backed public tender offer for Axel Springer SE, while the European Commission approved Infineon Technologies AG' proposed acquisition of U.S. chipmaker Cypress Semiconductor Corp.
Multichannel Trends: Analyzing multichannel in Locast markets as legal challenges come knocking: The markets in which Locast operates have an estimated 72.2% traditional multichannel penetration rate. This compares to a 66.8% national average.
Global Multichannel: Global markets update — Vietnam: Kagan has recently updated Global Multichannel and Broadband analyses for Vietnam, as well as analyses for related operators K+ and VNPT.
Global Multichannel: Global markets update — Lebanon: Kagan has updated Global Multichannel and Broadband analyses for Lebanon, a market in the Middle East and Africa region with one of the lowest multichannel penetration rates.
Economics of Internet: Profile: DAZN: DAZN seeks to upset the market by focusing on long-term rights agreements and avoiding direct competition with major telcos.
Global Multichannel: Norway fiber revenue share passes 50% for 1st time: Fiber's share of fixed residential broadband revenue in Norway exceeded 50% for the first time in 2018, with a fixed residential revenue CAGR of 16.8% between 2012 and 2018.
Global Multichannel: Global markets update — Bahrain: Kagan has updated Global Multichannel and Broadband analyses for Bahrain, an affluent Persian Gulf state boasting the third-highest fixed-broadband household penetration rate in the Middle East and Africa region, after Qatar and Israel.
Technology: Existing commercial buildings drive 5-year smart building forecast: According to Kagan's forecast for the U.S. market, existing commercial buildings will drive the vast majority of the 56% compounded annual growth in smart building revenue over the next five years.
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