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Sony Music unit to buy 'Peanuts' stake; Facebook suspends 200 apps


Next in Tech | Episode 167: FinOps And Battle For Cloud Costs


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Next in Tech | Episode 166: The NAB Show And The Broadcast Market

Sony Music unit to buy 'Peanuts' stake; Facebook suspends 200 apps

Top News

* Sony Music Entertainment (Japan) Inc. will indirectly buy 49% of DHX Media Ltd.'s 80% stake in "Peanuts" for C$237 million in cash. DHX Media will own 41% of "Peanuts," while the Sony Corp. unit will own 39%, and the members of the family of Charles Schulz will continue to own 20%, according to a news release.

* Facebook Inc. suspended around 200 apps following a data misuse investigation. In an official post, Ime Archibong, vice president of product partnerships, said the company will ban the apps after a thorough investigation.

* Shares in 21st Century Fox Inc. saw movement during the week ended May 11 amid speculation about a potential bidding war between Comcast Corp. and Walt Disney for the Fox's assets. Fox also during the week cut a deal to buy a handful of Sinclair Broadcast Group Inc.'s TV stations ahead of the broadcaster's pending acquisition of Tribune Media Co.

* NBCUniversal Media LLC's NBC Sports Group has scored the most-watched Stanley Cup Playoffs through the first two rounds since 2012, while Turner Broadcasting System Inc.'s TNT (US) has recorded its best mark entering the NBA conference finals since 2014. Walt Disney Co.'s ESPN (US) and ABC (US) are also in positive territory with their coverage of pro hoops' 2018 postseason.

Internet & OTT

* Microsoft Corp. could make a play for Netflix Inc.'s assets as part of its plans to enter the streaming business, Rapid TV News reports, citing Porter Bibb, a managing partner at Media Tech Capital Partners. Bibb said the software giant could look to buy assets instead of building its own library organically.

* Google Inc.'s YouTube rolled out new features that allow users to set limits on their viewing on the video platform, reports, citing a company page. Available as part of YouTube's latest app, the "Take a Break" option will let users set reminders every 15, 30, 60, 90 or 180 minutes.

* Netflix ordered new comedy series "AJ and the Queen" from Michael Patrick King, according to a news release. The 10-episode series will star RuPaul as Ruby Red, a drag queen who travels across America from club to club in a rundown 1990's R/V with her unlikely sidekick AJ.


* Speakers at TV Connect in London discussed the challenges and opportunities associated with bringing voice control to the table, including new ways for users to interact with search, discovery and recommendation tools.

Film & TV

* Drama series "Gotham" will return on FOX (US) for its fifth and final season, Broadcasting & Cable reports. The series will reportedly focus on Bruce Wayne becoming Batman.

* Disney's "Avengers: Infinity War" continued to lead the domestic box office with $61.8 million for the May 13 weekend, followed by Warner Bros.' "Life Of The Party" at No. 2 with $18.5 million and Universal's "Breaking In" at the third spot with $16.5 million, according to comScore Inc. Lions Gate Entertainment Corp.'s "Overboard" took the fourth spot with $10.1 million, while Paramount's "A Quiet Place" slipped to No. 5 with $6.4 million.

* Wielding an edge in such key demos as adults 18 to 49 and adults 25 to 54 as the current TV season nears its conclusion, NBC (US) will add five first-year dramas and three new comedies over the course of the 2018-19 season. The network will launch medical drama "New Amsterdam," based on New York's Bellevue Hospital, out of multi-generational hit series "This Is Us" on Tuesdays.

The day ahead:

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

In Asia, the Hang Seng was up 1.35% to 31,541.08. The Nikkei 225 rose 0.47% to 22,865.86. In Europe, as of midday, the FTSE 100 was down 0.20% to 7,709.21 and the Euronext 100 was down 0.13% to 1,069.30.

The day ahead

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

In Asia, the Hang Seng was up 1.35% to 31,541.08. The Nikkei 225 rose 0.47% to 22,865.86. In Europe, as of midday, the FTSE 100 was down 0.20% to 7,709.21 and the Euronext 100 was down 0.13% to 1,069.30.

On the macro front

No notable reports due out today.

Featured news

The Daily Dose Europe: Virgin Media, TalkTalk mull broadband sharing deal; Ziggo tests 4K box: Virgin Media Inc. and TalkTalk Telecom Group PLC are discussing a potential broadband sharing deal, while Ziggo N.V. is conducting pilot test on a 4K-supported media box.

The Daily Dose Asia-Pacific: SoftBank in talks to sell Flipkart stake to Walmart; Trump working to save ZTE: SoftBank Group Corp. is nearing a deal with Walmart Inc. to sell its stake in Indian e-commerce startup Flipkart Online Services Pvt. Ltd., while U.S. President Trump said he is working with China's President Xi Jinping to give ZTE Corp. "a way to get back into business."

The Best Of: Media & Comm, editor's picks: Telemundo 2018 upfront; Cybersecurity ETFs: Stories about Microsoft's cloud war against Inc., Cybersecurity ETFs and Telemundo (US) offering a single commercial break in the first part of dramas are among the editor's top five picks for the week ended May 11.

The Best Of: Media & Comm, most read: Sinclair's TV station deals; Comcast's Fox bid: Stories about additional information about Sinclair deals to sell TV stations and Comcast preparing a bid to challenge Disney-Fox deal are included in the most read stories for the week ended May 11.

Data Dispatch: Avengers' long shadow lingers over box office debuts 'Party,' 'Breaking In': Comedy "Life of the Party" and action thriller "Breaking In" will debut against record-setting juggernaut "Avengers: Infinity War," and forecasters expect them to open in Marvel's long shadow.

Iflix to launch free, ad-supported version; GO-JEK ventures into video streaming: Malaysia's iflix Sdn. Bhd. is upgrading its offering with the launch of iflix 3.0, while Indonesian ride-hailing service GO-JEK is entering the content business and will soon launch its own subscription-based video streaming platform.

Featured research

Technology: Can you hear it? Developments in next-generation audio: Just as video resolution and compression have continued to improve, the same is true for audio. Traditional 5.1-channel surround sound is being replaced by immersive audio based on object-oriented audio and high order ambisonics, or HOA.

Global Multichannel: Vodafone nears convergent ambition in Europe: As Vodafone Group PLC bids to acquire Liberty Global PLC's cable assets in four markets, one territory may prove problematic.

Economics of TV & Film: 'Black Panther,' 'Star Wars' boost Disney's studio revenues: Walt Disney's studio entertainment segment had a strong quarter thanks to several successful films released in theaters and on home video.

Economics of Advertising: AMC sees stock price gains despite ad revenue declines: The programmer posted strong first-quarter earnings with higher distribution revenues.

Economics of TV & Film: Fox filmed entertainment revenue down 0.6% in Q1: 21st Century Fox's total filmed entertainment revenue was down 0.6% from nearly $2.26 billion in the first quarter of 2017 to $2.24 billion in 2018.

Economics of Networks: Comcast drops MGM HD; network's margin expected to fall from 42% to 18%: The dropping of MGM HD by Comcast illustrates the difficulty of independents getting carriage for highly priced movie channels.

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