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CBS-Viacom negotiation; social media regulation; US-China trade update


Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?


Broadband revenues continue to grow in CEE


SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

CBS-Viacom negotiation; social media regulation; US-China trade update

Top news

* The boards of CBS Corp. and Viacom Inc. continue to negotiate the financial terms of a potential merger agreement, including the proposed exchange ratio for an all-stock transaction to combine the two companies, Bloomberg News reports, citing sources. While the companies planned to announce an agreement by Aug. 12, sources said the announcement could be delayed until Aug. 13.

* Walt Disney Co.'s upcoming streaming platform is already generating higher than expected costs, but analysts remain bullish about the company overall and its new digital strategy. Disney executives said that investments in the company's planned and existing streaming services — including the upcoming Disney+ platform, ESPN+ and Hulu LLC — will drive a $900 million operating loss in Disney's direct-to-consumer and international segment in the fiscal fourth quarter, up sequentially from a $553 million segment loss in the June quarter.

* The White House has prepared a draft executive order that may allow the U.S. Federal Communications Commission to regulate content on social media platforms from Facebook Inc., Twitter Inc. and other tech companies, reports, citing multiple sources. The draft order would also let the U.S. Federal Trade Commission take into consideration the new policies while investigating or suing tech companies.

* President Donald Trump said the U.S. will not do business with telecommunications-equipment maker Huawei Technologies Co. Ltd., at least until a new trade deal is struck with China. In Aug. 9 remarks to White House reporters, Trump also suggested a planned September trade negotiation may not happen as scheduled.

TV & Film

* Comcast Corp.'s Universal Pictures has canceled plans to release thriller movie "The Hunt," Time reports, citing a statement from the studio. The move followed mass shootings in El Paso, Texas, and Dayton, Ohio.

* Vice Media LLC has appointed Cliff Gulibert executive producer of Vice Digital's video team, overseeing the entire video production efforts, Variety reports. Gulibert previously served as director of video for Munchies, Vice's food channel.

* Universal's "Fast & Furious Presents: Hobbs & Shaw" topped the domestic box office for the weekend of Aug. 9 with $25.4 million, followed by Lions Gate Entertainment Corp.'s "Scary Stories To Tell In The Dark" at No. 2 with $20.8 million and Disney's "The Lion King" at No. 3 with $20 million, according to comScore Inc. Paramount Pictures Corp.'s "Dora And The Lost City Of Gold" came in fourth with $17 million and Sony Pictures' "Once Upon A Time In Hollywood" ranked fifth with $11.6 million.


* NBC Sports is teaming with sports and entertainment company Anschutz Entertainment Group to bundle streaming content from the Premier League, the U.K.'s top soccer circuit, as well as high-profile rugby and cycling fare, as a means for commercial venues to attract more patrons.

* Podcasting content company HiStudios is set to open a physical production studio in Los Angeles in September, Variety reports. The company is working on content deals, with a focus on sports.

* Russian regulator Roskomnadzor has asked Google LLC not to advertise "illegal mass events" in Russia on YouTube LLC video platform, Reuters reports. The regulator alleged that advertising tools were bought by some entities intent on disrupting elections.


* Mophie Inc.'s 3-in-1 charger, which can charge an iPhone, AirPods and the Apple Watch at the same time, is available for sale on Apple Inc.'s website and Apple Stores. reports. The pad, which costs $139.95, is reportedly similar to the AirPower wireless charging mat that the iPhone maker canceled in March.

* A federal appeals court partially overturned a U.S. Federal Communications Commission order that exempted small cell installations from certain historical and environmental reviews. The order, which was passed in March 2018, was an attempt from the commission to speed up the deployment of next-generation wireless infrastructure.

The day ahead

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

In Asia, the Hang Seng was down 0.44% to 25,824.72, and the Nikkei 225 gained 0.44% to 20,684.82.

In Europe, around midday, the FTSE 100 was down 0.45% to 7,221.15, and the Euronext 100 fell 0.34% to 1,034.76.

On the macro front

The Treasury budget is 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: Google's land purchase; Russian order on YouTube; O2 warning against Three: Google has bought land in Norway, Russian regulator Roskomnadzor called for stopping ads of "illegal mass events" on YouTube, and O2 warned that the upcoming 5G auction in the U.K. is tilted in favor of telcos such as Three.

The Daily Dose Asia-Pacific: US, China trade deal update; Huawei's own OS; Alibaba exec in 1MDB scam: Trump said the U.S. will not do business with Huawei until a new trade deal is struck with China, Huawei unveiled its operating system, and a top Alibaba Group Holding Ltd. executive has been charged among others in the 1MDB scam.

The Best Of: Editor's picks: Nexstar-Tribune merger; 5G initiatives by Verizon, others: Stories about the pending Nexstar Media Group Inc.-Tribune Media Co. merger and 5G initiatives from Verizon and other companies are featured in the editor's technology, media and telecommunications top picks for the week ended Aug. 9.

The Best Of: Most read: Vodafone's cell tower spinoff; Disney+ details: Articles about Vodafone Group PLC's cell tower spinoff and the Disney+ streaming bundle were among the most read in technology, media and telecommunications news for the week ended Aug. 9.

Featured research

Economics of Networks: DISH Network RSN blackout will cost nets $146M in 2019 affiliate fees: DISH dropped the FOX regional sports networks from its channel lineup in late July. The blackouts will impact an estimated 8.3 million DISH customers who subscribed to packages that included the RSNs.

Economics of Advertising: Viacom grows domestic ad revenue for 1st time in 20 quarters: Viacom earnings for the quarter ended June 30 include 5.9% growth in domestic advertising revenue at the company's media networks.

Global Multichannel: Discovery puts a spotlight on its global direct-to-consumer portfolio: Discovery Inc. has built a global direct-to-consumer portfolio that highlights its differentiated content in a streaming market saturated with scripted offerings.

Economics of TV & Film: All Elite Wrestling goes 'All Out' in August: A look at events and movies on pay-per-view and video on demand in August.

Economics of TV & Film: Troubles persist for multichannel PPV/VOD market: Kagan analyzes its 2019 update for the multichannel pay-per-view/video-on-demand market and how online may continue to have impact.

EConomics of TV & Film: Global Film Release Report – June 2019: The Global Film Release Report for June 2019 has just been released.

Multichannel Trends: See it in charts: US multichannel, July 2019: View Kagan's monthly U.S. multichannel research in PowerPoint.

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