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In This List

Broadcom-Symantec deal; CBS' streaming content; Huawei's US license review


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


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


Inflation cools Q1'22 smart TV demand but revenue grows 10% YoY on higher ASPs


Broadcast Deal Market Recap, Q1, 2022

Broadcom-Symantec deal; CBS' streaming content; Huawei's US license review

Top news

* The U.S. has put on hold the review process of licenses requested by domestic companies hoping to resume business with Huawei Technologies Co. Ltd., amid escalating trade tensions with China, Bloomberg News reported, citing people familiar with the matter. There are some 50 applications pending, Commerce Secretary Wilbur Ross said last week.

* Semiconductor-devices maker Broadcom Inc. agreed to acquire the enterprise-security business of Symantec Corp., including the Symantec name, for $10.7 billion in cash. Broadcom intends to fund the transaction with proceeds from new committed debt financing, according to an Aug. 8 news release.

* CBS Corp. is continuing to bolster the content roster for its streaming business, with plans to enter the kids market, while gearing up for a significant expansion of its local news roster. The company is adding children's programming to CBS All Access subscription service, signing deals with DHX Media Ltd. and Boat Rocket Studios for new seasons of "Cloudy With a Chance of Meatballs" and "Danger Mouse," respectively.

* Deutsche Telekom AG is willing to engage with state attorneys general who have filed a lawsuit against the merger between its U.S. unit T-Mobile US Inc. and Sprint Corp., the company's CEO, Timotheus Höttges, said during the earnings conference call. The U.S. Department of Justice conditionally approved the deal after the parties agreed to divest certain assets to DISH Network Corp.


* Ending an almost three-week blackout, AT&T Inc. and CBS have reached a new carriage deal covering multiple distribution platforms and content outlets. The companies jointly announced Aug. 8 that they signed a multiyear pact that provides for carriage of CBS (US)-owned stations, as well as national cable networks CBS Sports Network (US) and Smithsonian Channel (US).

* Viacom Inc. returned to domestic advertising growth during the third quarter of its fiscal 2019. The programmer registered a 6% gain year over year in U.S. ad revenues to $976.0 million, ending a negative trend that had stretched to 20 quarters.

* TEGNA Inc. closed its acquisition of Dispatch Broadcast Group stations in Indianapolis and Columbus, Ohio. TEGNA paid $535 million in cash for NBC (US)-affiliate WTHR in Indianapolis, CBS-affiliate WBNS in Columbus, and WBNS radio in Central Ohio.

Internet & OTT

* Facebook Inc. has started offering subscriptions from video providers, such as TasteMade Inc. and CollegeHumor, to users in the U.S. as part of a limited test, Recode reports, citing company representatives. The offering currently does not include any traditional television brand.

* In more Facebook news, the social networking giant is looking to pay news outlets nearly $3 million a year to license headlines and previews of articles for a news section that the company is planning to launch later this year, The Wall Street Journal reports, citing sources. News outlets that have reportedly been approached include Walt Disney Co.'s ABC News, the Journal parent Dow Jones & Co. Inc., The Washington Post and Bloomberg, the sources said.

* Leslie Jones from "Saturday Night Live" will be a part of a new stand-up show on Netflix Inc., Variety reports. The one-hour special is scheduled for a global release in 2020.

* Charles Baker will step down as CFO of Yelp Inc., effective Sept. 2, to join ticketing and event technology company Eventbrite Inc. in the same role. Baker will succeed Randy Befumo, who has been Eventbrite's CFO since 2016.


* Apple Inc. will distribute special iPhones to its security researchers to help them spot and report security flaws in its products, Bloomberg News reports, citing Ivan Krstic, the company's security engineering head. The program is scheduled to launch in 2020.

* Inc. has come under scrutiny of Luxembourg's national privacy regulator over how the company handles recordings from its voice assistant Alexa, Reuters reported. Luxembourg's National Data Protection Commission has asked the U.S. e-commerce giant to provide information regarding Alexa amid a rising unease over companies' use of personal data.

* Facebook failed to win the dismissal of a class-action lawsuit that accused the company of illegally collecting and storing biometric data for millions of users without consent, Reuters reports. The data was reportedly stored via Facebook's facial recognition technology.

The day ahead

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

In Asia, the Hang Seng was down 0.69% to 25,939.30, and the Nikkei 225 gained 0.44% to 20,684.82.

In Europe, around midday, the FTSE 100 was down 0.20% to 7,272.47, and the Euronext 100 slipped 0.74% to 1,042.14.

On the macro front

The producer price index for final demand and the Baker-Hughes Rig Count 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: Apple probe in Russia; Ericsson's 5G rollout; Mediaset España's OTT debut: Apple is facing an antitrust investigation in Russia following a complaint from Kaspersky Lab ZAO, Ericsson rolled out Russia's first 5G zone, and Mediaset España Comunicación SA's streaming service Mitele Plus is live in Spain.

The Daily Dose Asia-Pacific: South Korea to begin 6G research; China approves new games; Baidu to fund Qima: South Korea is set to begin research on 6G technologies, China approved new games from Tencent Holdings Ltd. and NetEase Inc., and Baidu Inc. is investing in a company engaged in the e-commerce business.

Data Dispatch: Sprint customer satisfaction drops as yearlong deal approval drags on: T-Mobile and Sprint have made the case to U.S. regulators that their pending wireless merger will benefit consumers, but customer satisfaction ratings at one of the companies have gone down since the deal was first announced.

Data Dispatch: Leading US cloud providers see expenses, revenue grow with market shifts: Enterprise cloud solutions are moving to more hybrid solutions that include both centralized and edge processing. Companies like Microsoft Corp., Amazon and Google LLC are investing in to meet that demand.

Hires & Fires: Tix adds 3 directors; Boingo Wireless increases board size: Tix Corp. added three new members to its board to fill existing vacancies, while Boingo Wireless Inc. increased the size of its board to nine members from eight members.

Hires & Fires: Fox Entertainment appoints new COO; Graham Media Group names new tech chief: Former Sony Pictures Television Inc. executive Amy Carney has joined Fox Entertainment Group Inc. as COO, while Graham Media Group appointed Anthony Plosz vice president and chief technology officer.

Hires & Fires Europe: Telia CEO to step down; WarnerMedia names EMEA executive: Johan Dennelind is stepping down as president and CEO of Swedish operator Telia Co. AB. Warner Media LLC named Giorgio Stock president of entertainment networks, distribution and advertising sales for Europe, the Middle East and Africa and Asia-Pacific regions.

Program Guide: 'Atlanta' renewed for season 4 on FX; Netflix pulls plug on 'The OA': FX Network (US) has renewed Donald Glover's comedy series "Atlanta" for a fourth season, while streaming giant Netflix canceled mystery thriller "The OA" after two seasons.

The Pay Check: Lions Gate CEO's pay package; New Snap accounting chief's salary: Lions Gate Entertainment CEO Jon Feltheimer took home $6.6 million in fiscal 2019, down from the $14.4 million he took a year earlier. Snap Inc.'s new chief accounting officer Rebecca Morrow will receive an annual salary of $400,000.

Viacom launches Paramount+ in Mexico; Netflix unveils Brazilian original film: Viacom International Media Networks Inc. rolled out Paramount+ in Mexico, while Netflix unveiled a Brazilian original film titled "Ricos de Amor."

SoftBank rolls out US$108B Vision Fund 2; Grab to invest US$2B in Indonesia: SoftBank Group Corp. rolled out its much-anticipated SoftBank Vision Fund 2, worth roughly US$108 billion, while GrabTaxi Holdings Pte Ltd. will invest US$2 billion in Indonesia over a five-year period to launch an electric-vehicle transport network.

Featured research

Consumer Insights: China mobile operators user profile, 2019: Kagan's 2019 China online consumer survey revealed differing consumer demographics, smartphone upgrade trends, mobile network quality and usage habits among China's Big Three mobile operators: China Mobile Ltd., China Telecom Corp. Ltd. and China Unicom (Hong Kong) Ltd..

Economics of Internet: See it in charts: US, international OTT, July 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.

Economics of Internet: Profile: Pinterest: Pinterest Inc. has carved out a visual niche for itself in the world of social media, with more than 200 billion "Pins" created since the service launched in 2010.

Economics of TV & Film: KBOX Week 31: 'Lion King,' 'Hobbs & Shaw' push summer box office past 2018: Week 31 box office was up 3.1% from $229.2 million in 2018 to $236.4 million, thanks to the continued draw of "The Lion King" and the debut of "Fast & Furious Presents: Hobbs & Shaw."

Recent earnings

Gains in affiliate, subscription fees boost CBS Corp.'s Q2 earnings: CBS quarterly revenue jumped to $3.81 billion from $3.47 billion in the prior-year period. The S&P Global Market Intelligence consensus estimate for consolidated revenue was $3.71 billion.

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