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* Adobe Inc. is buying digital sculpting software Oculus Medium from Facebook Inc. for undisclosed sum, according to an official blog post. The acquisition will add new talent and 3D sculpting technology to Adobe.
* Amazon.com Inc. founder and CEO Jeff Bezos warned that the U.S. will be in "big trouble" if the big tech companies turned their back on the U.S. Department of Defense, Reuters reports. While speaking at a forum in Simi Valley, Calif., Bezos said the online retailer will support the Pentagon.
* The U.S. Federal Trade Commission voted 5-0 to issue an opinion finding that U.K.-based Cambridge Analytica LLC engaged in deceptive practices to harvest personal information from tens of millions of Facebook Inc. users for voter profiling and targeting. The FTC found that the data analytics and consulting company also engaged in deceptive practices relating to its participation in the EU-U.S. Privacy Shield framework, according to a news release.
* T-Mobile US Inc. is seeking a price cut in its merger with Sprint Corp. amid a decline in the latter's stock price since the deal announcement, CNBC reports, citing people with the knowledge of the matter. Shares of Sprint reportedly rose to $8.06 per share when the deal was announced, but the company's stock price has since dipped to $6.
Film & OTT
* Warner Media LLC's upcoming streaming service HBO Max placed an order for a full season of "Generation," Multichannel News reports. The half-hour series talks about high school students whose exploration of sexuality challenges beliefs about life, love and the nature of family.
* YouTube LLC's YouTube Originals signed up former first lady Michelle Obama for a special called "Creators for Change," Deadline.com reports. The show will focus on educating girls in Vietnam and is set to premiere in March 2020 on YouTube.
* Roku Inc. will stream the first full seasons of various shows, including "Game of Thrones," "Warrior," "Billions," "The Affair" and "Ray Donovan" from Dec. 26 to Jan. 1, 2020, Variety reports. The company will also stream individual episodes of several shows.
* The Walt Disney Co.'s "Frozen 2" continued to lead the domestic box office with $34.7 million for the Dec. 6 weekend, followed by Lions Gate Entertainment Corp.'s "Knives Out" at No. 2 with $14.2 million, according to Comscore Inc. 20th Century Fox's "Ford v. Ferrari" and Universal's "Queen & Slim" both pulled in $6.5 million each, while Sony Corp.'s "A Beautiful Day In The Neighborhood" was No. 5 with $5.2 million.
* San Francisco-based productivity-application maker Asana Inc., led by Facebook co-founder Dustin Moskovitz, is considering to take the direct listing route for going public in 2020, the Financial Times (London) reported, citing people briefed on the matter. Direct listing is becoming popular among venture capitalists following the successful use of the procedure by Swedish music-streaming company Spotify Technology SA and business tech software platform Slack Technologies Inc.
* Amazon will lease 335,000 square feet of office space in Manhattan, N.Y., in a significant expansion less than a year after dropping plans to build secondary headquarters in the city, The Wall Street Journal reports.
The Daily Dose Europe: Cambridge Analytica ruling; Ericsson settlement; Facebook's Hungarian fine: The U.S. Federal Trade Commission ruled that Cambridge Analytica deceived Facebook users, Ericsson will pay $1.06 billion to settle U.S. compliance probes, and Facebook has been fined in Hungary over misleading ads about its services.
The Daily Dose Asia-Pacific: ByteDance settlement; Malaysia's digital services tax; iDreamSky's US$1.4B bid: Beijing Byte Dance Telecommunications Co. Ltd. settled with a group of parents who alleged that it collected children's data, Google will charge customers in Malaysia a 6% tax from January 2020, and Tencent Holdings Ltd.-backed game publisher iDreamSky Technology Holdings Ltd. is in discussions to buy a Hong Kong-based peer.
Broadcast Investor: Public trading multiples: Broadcast shares outperform broader markets: Broadcast stocks mostly traded up in November with radio pure-plays Entercom, Cumulus and Townsquare shares up double-digit growth. Gray shares led TV.
Wireless Investor: Belgium regulators not buying the 5G hype: While carriers in many developed markets have focused on their 5G rollouts, Belgium has halted 5G due to the country's radiation standards.
Economics of Internet: See it in charts: US, international OTT, November 2019: View U.S. and international over-the-top video trends at a glance in PowerPoint format. Key charts summarize the status of subscription video, ad-supported video, video advertising and other top sector trends.
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