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Ticketmaster buys sports ticketing provider; Pandora hires advisory firm to explore strategic options

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Ticketmaster buys sports ticketing provider; Pandora hires advisory firm to explore strategic options

TOP NEWS

*Live Nation EntertainmentInc. unit Ticketmaster acquired Tickethour Group, a sportsticketing provider, for an undisclosed amount. The deal will help Ticketmaster extendits presence to 25 countries across Europe and the Middle East, according to acompany news release.

*Pandora Media Inc. isseeking the advice of Centerview Partners LLC on strategic options that itcould pursue, Bloomberg News reports,citing sources with knowledge of the details. The advisory firm is helpingPandora discuss its future plans with activist investor Corvex Management LP andcould further help initiate a sales process for the company, according to thereport.

*Viacom Inc.'sParamount Pictures reached an agreement with the European Union to settle aprobe into Hollywood pay TV deals in Europe, The Hollywood Reporter reports,citing sources. As part of the settlement, the EU accepted the studio'sconcessions in theprobe of geographical restrictions in film licensing deals between 's British unit and sixHollywood studios.

Internet & OTT

* rolled out itsAmazon Prime membership program in more than 100 cities across India. Users inIndia can now avail unlimited free one-day and two-day delivery on a range ofproducts, according to a company news release. Prime Video will be launchedlater.

*Sony Corp. is addingNFL Network (US)and NFL RedZone(US) to PlayStation Vue's lineup ahead of the NFL regular seasonthis fall. The networks can be accessed by PlayStation Vue users via Watch NFLNetwork on NFL.com and the NFL apps for connected TV and mobile devices, accordingto an official blog post.

*Netflix Inc. isworking with John Wells Productions to make a movie about the Panama Papers,Deadline.com reports.The companies have reportedly partnered with German investigative journalistsFrederik Obermaier and Bastian Obermayer who broke the story about the largestsingle leak of data in government and corporate history.

*Twitter Inc.entered into a livestreaming partnership with Major League Baseball and the National HockeyLeague. As part of the partnership, the microblogging service will live streamweekly out-of-market games from the MLB and the NHL, according to a companynews release.

Multichannel

*Outerwall Inc.agreed to beacquired byaffiliates of funds managed by Apollo Global Management LLC for $52 per sharein cash, representing a total enterprise value of about $1.6 billion, includingnet debt, the companies said in a news release. The transaction, which is expected toclose during the third quarter, has been unanimously approved by Outerwall'sboard.

Film & TV programming

* Asexpected, updated itsoffer to acquireCarmike Cinemas Inc.in a cash-and-stock deal valued at about $1.2 billion. Under the revised offer,which AMC termed as its "best and final" offer, the company hasoffered to acquire all outstanding shares of Carmike Cinemas for $33.06 pershare, up $3.06 per share or 10.2% from the previous offer, according to acompany news release.

The day ahead

Earlymorning futures indicators pointed to a mixed opening for the U.S. market.

InAsia, the Hang Seng rose 0.62% to 22,129.73, and the Nikkei 225 was down 1.43%to 16,383.04.

InEurope as of midday, the FTSE 100 was up 0.34% to 6,730.98, and the Euronext 100fell 0.26% to 868.22.

On the macro front

RedbookIndex, S&P Case-Shiller HPI, new home sales report, the consumer confidencereport, Richmond Fed Manufacturing Index and State Street Investor ConfidenceIndex are due out today. The Federal Open Market Committee meeting is alsoscheduled to begin today.

Featured news

The Daily DoseEurope: Amazon explores drone delivery in UK, plans streaming programexpansion: Amazon is planning to launch its third-party streamingprogram in Europe via Amazon Video, and inked a deal with the Britishgovernment to explore the possibility of delivering parcels using drones.

The Daily DoseAsia-Pacific: China bans online news reporting; Baidu CEO pulls bid foriQiyi: China's internet regulator ordered online news portals tostop doing their own reporting, while a proposed deal by CEO Robin Li to buy theChinese company's video unit iQiyi has collapsed.

ConferenceChatter: Why OTT-broadband bundles are the future (and why they arenot): TV is not dying — but the structure that has propped it upfor decades is, said a panelist at The Independent Show.

Data Dispatch:Microsoft riding on cloud nine: More than two years into SatyaNadella's tenure as MicrosoftCorp.'s CEO, the executive's mobile-first, cloud-oriented strategyappears to be paying off.

Verizon eyesdigital future in Yahoo deal: Analysts were generally upbeat onVerizon CommunicationsInc.'s planned purchase of Yahoo! Inc. for $4.83 billion, a price that analystsdeemed fair even as some Yahoo investors signaled disappointment.

M&AReplay: US deals through July 22: S&P Global MarketIntelligence provides a wrap-up of media and communications deal announcementsand completions from July 18 to 22.

The week inOTT: Twitter inks another streaming deal; Redbox starts testing streamingservice: Twitter entered into a new digital media rightspartnership with Campus Insiders, while Redbox Automated Retail LLC is testing a potential newtransactional digital video-on-demand and "EST" offering.

US RegulatorySpotlight: Republicans' time running out on media ownership rules:Given that the three Democratic members of the FCC have already voted toapprove the chairman's updated media ownership rules, Republicans on thecommission are running out of time to make any changes.

6 key issuesthat await Britain's new government: As Theresa May has beeninstalled as the new prime minister of the U.K., S&P Global MarketIntelligence looks at a number of outstanding bills and legislative measuresacross the media and communications landscape that will be dealt with by Mayand her new cabinet.

M&AReplay: European deals through July 22: Sony, Hutchison, LibertyGlobal: S&P Global Market Intelligence provides a wrap-up ofEuropean media and communications deal announcements, completions and updatesfrom July 18 to July 22.

Featured research

Best ofSNL: SNL Kagan research and analysis, editor's picks: Presentingthe editor's top picks from SNL Kagan's exclusive research and analysis for theweek ended July 22.

Media &Communications Quarterly Industry Presentations — Q2'16: SNLKagan's latest quarterly presentation reports, examining industry trends anddata for the Internet Media & OTT, Programming & Film, Technology, U.S.Multichannel, Global Multichannel & Connected Devices, and Broadcast sectors. 

Economics of Internet: Pandora/Sirius XM tie-up could be inplay: Pandora Media's board rejected an informal $15-per-shareoffer from Liberty Media Corp.CEO Greg Maffei, but the prospects of combining 's 30 millionpaying subscribers with Pandora's 78 million active listeners could getshareholder support at the right price.

Economics ofTV & Film: AMC sweetens offer for Carmike: AMC would payapproximately 8.1x the projected $148.1 million in 2017 Carmike cash flow underthe latest offer.

WirelessInvestor: US lags the world in smartphone movie, TV viewing:According to our seven-country survey analysis, China and South Korea are themost active mobile video viewers.