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Breach exposed 57 million Uber users; Apple buys AR headset startup

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Credit Risk Trends for Telecom & Tech: A Mid-Year 2021 Outlook

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Summer box office rebounds in 2021


Breach exposed 57 million Uber users; Apple buys AR headset startup

Top News

* Uber Technologies Inc. was hit by a data breach in late 2016 that exposed personal information of 57 million users around the world, Uber CEO Dara Khosrowshahi said in an official blog post. Khosrowshahi added that the company took steps to secure the data and also reached out to a cybersecurity consulting firm to prevent such incidents from happening.

* In related news, the office of New York State Attorney General Eric Schneiderman launched an investigation into reports of Uber paying hackers $100,000 to cover up the data breach, TechCrunch.com reports. The company is also facing a lawsuit for failing to implement and maintain "reasonable security procedures and practices appropriate to the nature and scope of the information compromised in the data breach," Bloomberg News reports.

* Apple Inc. bought Vrvana, the company behind the Totem headset, or about $30 million, TechCrunch.com reports, citing two sources with knowledge of the matter. According to the report, the tech giant declined to comment on the news, but did not deny the report.

* The U.S. Department of Justice's lawsuit to block AT&T Inc.'s purchase of Time Warner Inc. could affect 21st Century Fox Inc.'s own attempts to sell parts of its business. Piecemeal sales of Fox's various properties might be the way to bypass government scrutiny and close deals more quickly, according to analysts.

TV Networks

* President Donald Trump continued to oppose AT&T's proposed takeover of Time Warner, saying that the merger is "not a good deal for the country," Reuters reports. While noting that he is not "going to get involved in litigation," Trump said he believes the deal will lead to higher prices for users in the U.S.

* Top five Time Warner executives, including CEO Jeffrey Bewkes, are expected to receive a payment of nearly $216 million from the sale of the company to AT&T, Bloomberg News reports. The executives will reportedly receive the money if they leave the company two years after closing the merger.

* Bucking the prevailing trends, Zone TV is operating dynamic linear TV networks populated by digital-first content. Founder and CEO Jeff Weber is hoping to "arbitrage" today's imbalance between linear and digital television, bringing the best parts of digital technology to linear television and the best parts of linear distribution to digital content creators.

Multichannel

* The U.S. International Trade Commission has barred Comcast Corp. from importing certain digital video receivers and certain hardware and software in relation to the infringement of TiVo Corp.'s patents. In a filing, the ITC also issued cease and desist orders.

Internet & OTT

* Advocacy groups filed a lawsuit against Hulu LLC for not offering an audio service for blind customers, The Associated Press reports. In a federal suit filed in Boston, the plaintiffs accused Hulu of failing to offer such services despite repeated requests from advocates and blind customers.

* Amazon.com Inc.'s Echo devices now offer access to IAC/InterActiveCorp's Vimeo, Google Inc.'s YouTube, and Dailymotion services, TechCrunch.com reports. In a statement, a company spokesperson said Echo will offer access to more video sources in the future.

The day ahead

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

In Asia, the Hang Seng rose 0.62% to 30,003.49 and the Nikkei 225 climbed 0.48% to 22,523.15.

In Europe, around midday, the FTSE 100 gained 0.47% to 7,446.25 and the Euronext 100 rose 0.05% to 1,039.58.

On the macro front

The EIA Petroleum Status Report, EIA Natural Gas Report and the Federal Open Market Committee minutes are due out today.

Featured news

The Daily Dose Europe: Sky to show 50 original series; MEO denies executive president's exit: Sky plc plans to release 50 original series in 2018, while MEO denied that Claudia Goya is stepping down.

The Daily Dose Asia-Pacific: Apple pulls Skype, VoIP apps in China; Tencent market value surpasses Facebook: Apple pulled a number of Voice over IP apps, including Microsoft Corp.'s Skype, from its App Store in China, while Tencent Holdings Ltd. overtook Facebook Inc. in market value a day after it shattered the US$500 billion barrier.

The Program Guide: Amazon to create 'Lord of the Rings' TV series; Starz green-lights 4 docu-series: Starz (US) green-lighting four new docu-series, FXX (US) renewing comedy "You're the Worst" for its fifth and last season, and Amazon adapting J.R.R. Tolkien's "The Lord of the Rings" for television are featured in this edition of The Program Guide.

Tech Time: UK vows billions in tech investments; Apple developing AR headset: The British government pledged to invest billions of pounds in artificial intelligence, big data and self-driving vehicles, while tech giant Apple is working on a stand-alone augmented-reality headset that is expected to be ready by 2019.

Featured research

Consumer Insights: How consumers in Europe and the US watch OTT video on the TV: A comparison of European and U.S. consumer surveys reveal that the devices consumers prefer to use to deliver online video content to the TV varies substantially.

Global Multichannel: LatAm CEO Survey 2017 - 5G may cannibalize fixed broadband, roll out begins 2020: Latin American Mobile telephony operators to begin 5G commercial deployment between 2020 and 2023; 50% of surveyed CEOs expect 5G to cannibalize fixed broadband.

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