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Apple makes case against Qualcomm settlement; Verizon's Oath stumbles


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Apple makes case against Qualcomm settlement; Verizon's Oath stumbles

Top News

* Apple Inc. said in a court filing that banning iPhone sales in China would force to it to settle its legal war over patents with QUALCOMM Inc., which could negatively impact the smartphone industry, Bloomberg News reports. A forced settlement would cause "all mobile phone manufacturers to relapse into the previous unreasonable charging mode and pay high licensing fees, resulting in unrecoverable losses in the downstream market of mobile phones," Apple said in the filing, which was in response to a recent ruling that issued injunctions against the sale of certain iPhone models in China.

* Verizon Communications Inc.'s efforts to break into the online advertising market were always a long shot and now the company is widely seen to have acknowledged defeat. Analysts said the $4.6 billion write-down by the company's Oath Inc. media business was not surprising given the difficulties it has faced in trying to compete against Facebook Inc. and Alphabet Inc.'s Google LLC in the online advertising business.

* Despite a recent slowdown in new subscribers at two of the largest U.S. virtual multichannel video programming distributors DISH Network Corp.'s SlingTV and AT&T Inc.'s DIRECTV NOW a number of media companies are expected to debut new streaming offerings in 2019. Analysts anticipate that the virtual market will continue to expand as consumers look to lower monthly video costs.


* Google's YouTube removed about 7.8 million videos, 1.7 million channels and 224 million comments in the third quarter that were found to violate the platform's policies, according to statistics released in a recent report. Of the videos that were taken down, 81% were detected by machines, and 74.5% of these never received a single view, YouTube said in an official blog post. "This combination of smart detection technology and highly trained human reviewers has enabled us to consistently enforce our policies with increasing speed," the company said.

* CBS Corp. CBS Television Stations Inc. and CBS Interactive Inc. rolled out a new streaming news service, CBSN New York, which offers local content produced by CBS (US) stations CBS 2 and WLNY 10/55, according to an official release. The service is now available through CBSN on, the CBS News apps for mobile and connected TV devices, and the CBS Local mobile app.


* IMAX Corp. will close its remaining virtual reality locations and write off certain VR content investments in connection with a strategic review of its virtual reality pilot initiative. Additionally, as part of the company's efforts to decrease costs and increase operating leverage, IMAX is reducing certain functions and realigning resources in certain areas. IMAX expects one-time impairment charges of $6.9 million in the fourth quarter as a result of these strategic decisions.

Film & TV

* CBS paid actress Eliza Dushku a confidential settlement of $9.5 million after she went through mediation with the company over sexual harassment she allegedly faced from the star of the show "Bull," The New York Times reports, citing a draft of a report by lawyers hired by the company's board to investigate misconduct accusations against former CEO Les Moonves. "The allegations in Ms. Dushku's claims are an example that, while we remain committed to a culture defined by a safe, inclusive and respectful workplace, our work is far from done," CBS said in a statement to the Times.

* In related news, CBS' ousted CEO Les Moonves resigned from the board of trustees of the American Film Institute and the Paley Center for Media in October, Variety reports. Moonves still remains on the board of video game company ZeniMax Media Inc.

The day ahead

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

In Asia, the Hang Seng decreased 1.62% to 26,094.79, while the Nikkei 225 was down 2.02% to 21,374.83.

In Europe as of midday, the FTSE 100 fell 0.80% to 6,822.14, and the Euronext 100 was down 0.97% to 941.36.

On the macro front

The U.S. Retail Sales report, the Industrial Production report, the PMI Composite FLASH, the Business Inventories 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

The Daily Dose Europe: Orange rules out Huawei tie-up; EU deal reached on copyright reforms: French telco Orange SA has ruled out a possible partnership on mobile network deployment with Huawei Technologies Co. Ltd., while European Union institutions have clinched an agreement to proposed reforms on existing copyright legislation in the regional bloc.

The Daily Dose Asia-Pacific: Apple suppliers may leave China over US tariffs; SoftBank to drop Huawei gear: Apple suppliers may consider moving iPhone production out of China if the U.S. decides to impose a 25% tariff on devices, while SoftBank Corp. will remove equipment made by Huawei from its 4G network amid security concerns.

Hires and Fires: Over 10,000 Verizon employees accept buyout offer; Sprint strategy chief departs: About 10,400 employees have accepted Verizon Communications' voluntary separation offer, while Lingo Media Corp. COO Gali Bar-Ziv will replace Michael Kraft as president and CEO of the company.

The Program Guide: Fred Rogers documentary coming to HBO; Apple strikes deal with Kevin Durant: HBO will premiere a documentary about American minister, puppeteer, writer and producer, Fred Rogers, while Apple struck a deal with American basketball player Kevin Durant for a drama series.

Featured research

Economics of TV & Film: Kagan box office report, week 49: It was a quiet week at the box office in week 49 with no new wide-release films, leaving it up to the November hit films to continue to draw audiences to theaters. Total week 49 box office was down 16.9% to $124.7 million in 2018.

Wireless Investor: Global tower sales update, 2018: This year has been the lightest for tower M&A since 2009, with just 13 deals hitting our radar in the last 12 months.

Global Multichannel: LatAm programming costs overview: Sports rights and retrans fees drive costs up: Kagan estimates that the average programming cost as a percentage of ARPU for Latin American operators stood at 38.3% in 2017. Sports rights and carriage disputes were the primary drivers of programming cost increases for three operators.

Economics of Internet: State of Russian online video: Advertising: Russian online video advertising revenues are expected to reach to 7.26 billion rubles at the end of 2018, with a year-over-year growth of 13% fueled by broadband expansion and advancements in technology.

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