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Ericsson issues profit warning; Sky invests in Caavo

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


Ericsson issues profit warning; Sky invests in Caavo

TOP NEWS

* Ericsson AB warned of lower third-quarter business results ahead of the publication of its full report Oct. 21. The Swedish giant said sales were down by 14% in the third quarter, while its operating profit dropped to 300 million Swedish kronor, from 5.1 billion kronor in 2015.

* Sky plc invested $2 million in TV-focused consumer electronics startup Caavo, the company said. While neither U.K.-based Sky nor California-based Caavo disclosed any product plans, Sky said the startup aims to provide products that allow for a better in-home entertainment experience.

UK AND IRELAND

* IMAX Corp. will launch its first European virtual reality entertainment center in Manchester, U.K., in partnership with Odeon and UCI Cinemas Group, Variety reports. The IMAX VR center will open at the Printworks multiplex at the end of 2016, featuring interactive entertainment and games ranging between five and 15 minutes in length.

* Discovery Communications Inc. announced that Marjorie Kaplan, president of international content, is leaving the company by the end of 2016. The international content group will be folded into the U.K. business under Susanna Dinnage, who has been promoted to president and managing director of Discovery Networks U.K./Ireland, according to a statetment.

* Liberty Global plc unit Virgin Media Inc. plans to connect 360,000 more homes and businesses in Scotland to its fiber optic network by 2019, under its £3 billion project lightning banner. The first areas that will benefit from the fiber rollout are Ayrshire and Fife, as well as the villages of Kirknewton, Kilmacolm, Houston, Crosslee, Craigends and Bridge of Weir.

GERMANY, SWITZERLAND AND AUSTRIA

* German semiconductor manufacturer Infineon Technologies AG has acquired Netherlands-based laser-based sensor technology maker Innoluce, reports Handelsblatt. Infineon plans to utilize the company's technology to make its own products with laser sensors to be launched by 2020.

* Media group Red Arrow Entertainment Group, a subsidiary of German commercial broadcaster ProSiebenSat.1 Media SE, has created 7Stories, based in Unterföhring, reports TBI Vision. The new production company produces factual shows as well as branded entertainment programs for ProSiebenSat.1 Group and other media firms.

* Youth channel Joiz GmbH has announced its insolvency, following the insolvency of its Swiss parent company in August. German media magazine DWDL reports that the insolvency had been expected.

* Nicole Marz-Lauterbach is head of editorial at German publisher Axel Springer SE-owned publishing group Auto, Computer & Sport, reports German news site New Business. She will oversee all editorial activities of car, computer and sports magazines Auto Bild, Computer Bild and Sport Bild.

FRANCE

* Vivendi SA and its subsidiary Canal Plus Group SA announced a partnership with Germany-based e-sports organiser ESL. The venture will create the first official e-sports league in France.

* Bouygues Telecom, Iliad's Free Mobile, Orange SA and SFR Group - Cable will inaugurate a new multioperator site on Oct. 14 in the Vosges in northeast France, Univers Freebox reports. The site has been deployed with RAN-Sharing technology that allows operators to share their 3G network facilities.

* French telecom network installer Scopelec raised €10.5 million, Les Echos reports. The worker's cooperative issued equity securities subscribed by Impact Coopératif and managed by Esfin Gestion, Caisse des Dépôts, Le Comptoir de l'Innovation and Aviva.

* Free voice calling app WhatsCall is available in France, BFM Business reports. While calls are free on the app by Chinese developer Cheetah Mobile, users must earn credits by watching ads, inviting friends, or taking part in tasks.

* Journalists of French news channel iTélé, owned by Canal Plus Group, voted 92% in favor of a nonconfidence motion against management, Le Figaro reports. The staff objects to the hiring of presenter Jean-Marc Morandini, currently under investigation on charges of corruption of minors.

NETHERLANDS, BELGIUM AND LUXEMBOURG

* The Dutch Senate yesterday approved new legislation on net neutrality, stating that Dutch telecom providers should treat all internet traffic equally, RTL reports. The new legislation is more strict than earlier implemented EU legislation, which would mean that T-Mobile's recent announced plans to offer music streaming services such as Spotify Ltd. for free to some of its customers, would be banned as it is discriminatory. The Deutsche Telekom AG already announced to go to court over the decision, Telecompaper reports.

* Dutch premium film channel Film1 has launched as an OTT service on Sony Corp.'s PlayStation 4 with on-demand and linear programming, according to TotaalTV. The linear channels and the on demand content from Film1, which is owned by Sony Pictures Television Networks, are combined available for €12.99 per month.

* David Vink will resign from his post as chief digital officer at SBS Broadcasting by Nov. 1, according to Adformatie. Vink will also leave his position as general manager at Veronica Magazine.

NORDIC COUNTRIES

* A Swedish government plan to change tax rules governing employee stock options will fail to please Spotify AB, reports online technology magazine Digital Di. Contained in the 2017 draft budget, the plan largely favors small tech firms with annual revenues of less than 80 million Swedish kronor and 50 workers or less.

* Modern Times Group MTG AB will consider launching a takeover bid for Boxer TV A/S if Swedish parent Teracom AB offers it for sale, writes Danish online news source MediaWatch. MTG owns pay-TV operator Viasat. MTG Denmark will likely be one of several suitors should Teracom put the Denmark-based Boxer TV on the market.

* Tele2 Sweden has secured a €125 million loan agreement with the European Investment Bank, the company said in a statement. The loan will be used to support expansion of Tele2's LTE/4G mobile network services in Sweden and the Netherlands up to 2018.

* Norway's consumer ombudsman wants cable-TV operators Canal Digital and TDC A/S unit Get AS to stop requiring their broadband customers to also subscribe to their TV services, reports Norwegian business site e24.no. The ombudsman wants Canal Digital and Get to provide assurances they will cease the practice by year-end 2016.

* Tele2 AB and Fingerprint Cards AB had mixed fortunes on the Stockholm Stock Exchange Tuesday, writes Dagens Industri. Tele2's share price rose by 2.3% on the day's trading, while biometrics company Fingerprint Cards' share value dipped by 1.6%.

SOUTHERN EUROPE

* Telefónica España said in a news release that it clocked download speeds of up to 800 Mbps in a 4G trial on its own mobile network. The tests were conducted using equipment from Nokia Corp. and Qualcomm Technologies Inc.

* Altice NV's PT Portugal struck an agreement with Huawei Technologies Co. Ltd. to optimize its mobile network, Telecompaper reports. The deal involves enhancements in LTE coverage and data transmission.

* Italian IT services provider Exprivia submitted a new offer for a majority stake in telecom network provider Italtel, Telecompaper reports. Exprivia requested to extend the exclusive period of talks about the deal to Nov. 30, according to the report.

* AMC Networks Inc. unit AMC Networks International Iberia is launching horror channel Dark in Spain on Oct. 31, replacing the existing Buzz channel, Advanced Television reports. Dark will be carried by Telefónica's Movistar Plus, Vodafone UK unit Vodafone España SAU, Euskaltel SA, R Cable, Telecable de Asturias SAU and local cable networks.

EASTERN EUROPE

* Volia acquired internet service providers TV-Pont and Vivanet, both operating in Melitopol in Ukraine's Zaporizhzhya region, Telecompaper reports, citing BizLigaNet. The two ISPs have 22,000 households in its subscriber base.

* Russian search engine Yandex LLC is expanding to Hungary with the launch of its transport tracking app Yandex.Transport, Bloomberg News reports. The GPS-based app is able to track public transport vehicles across the capital city of Budapest in real time.

* Tricolor TV launched an online cinema service in test mode, Telecompaper reports, citing Tdaily.ru. The new platform, which aggregates content from partners such as Tvigle and Look1, will formally debut in November.

* Rostelecom PJSC is set to conclude an agreement with Rosbank on Dec. 7 for an overdraft credit of up to 3 billion Russian rubles, Telecompaper reports, citing Comnews.ru. The Russian national operator will use the loan's proceeds for its operating activities and investments.

* Akado Group named Alexander Kornilov as the new CEO of its St. Petersburg-based unit Neva, replacing Mikhail Amaryan, Telecompaper reports, citing Tdaily.ru. Kornilov will be tasked to formulate and implement Neva's new business strategy.

FEATURED NEWS

The Daily Dose Asia-Pacific: Samsung kills Galaxy Note 7 production; Google faces probe in Korea: Samsung Electronics decided to permanently end production and sales of its Galaxy Note 7 worldwide, while Google will be investigated by the Korea Fair Trade Commission to determine whether it breached competition rules regarding Android phones.

Washington Watch: Searching for a true BDS compromise: The FCC is ready to compromise on the business data services market.

Q&A: Virtual reality exec: 'Mixed reality will become the standard': S&P Global Market Intelligence sat down with Anthony Karydis, founder and CEO of Mativision, to discuss the impact of virtual reality and augmented reality on the future of the industry.

Tech Time: Alphabet units, others form AI partnership: In this feature, S&P Global Market Intelligence presents a bi-weekly global roundup of the latest developments in technology.

Africa and Middle East video spotlight: YouTube debuts hub for African TV series: In this monthly feature, S&P Global Market Intelligence provides a roundup of news related to over-the-top, video-on-demand and other online video initiatives in different African and Middle Eastern markets.

Hires and Fires: Asia-Pacific Media & Comm moves through Oct. 10: Alibaba, NBN, AIS: S&P Global Market Intelligence presents a monthly rundown of executive and board changes in the Asia-Pacific media and communications industries.

FEATURED RESEARCH

Multichannel Trends: Legacy multichannel cash flows top Netflix's despite margin deficit: Netflix's strategic focus on subscriber growth has translated into a monthly video ARPU roughly 9% of the average for the top four traditional multichannel platforms. However, data reveals a significantly higher video profitability, with cash flow margins more than double that of its top multichannel competitors.

Economics of Advertising: Print ad revenue for business publications to fall below $2B in 2016: For the first time in over three decades, print advertising revenues from the business publications sector is expected to drop below the $2 billion mark in 2016 at $1.99 billion, down 3.4% year over year.

Economics of Advertising: Print Yellow Pages publishers struggle in a fragmented media landscape: The growing preference for online sources like search engines, company websites and social networks, especially among millennials, has meant huge ad revenue losses for the print Yellow Pages industry.

Global Multichannel: Sky future-proofing through OTT platform expansion: By buying in to digital platforms to alleviate the risk from disruptive services closely connected to its core entertainment business, Sky plc is laying a necessary foundation for global growth.

Sylvia Edwards Davis, Anne Freier, Charlotte van Hek and Esben Svendsen contributed to this report. The Daily Dose has an editorial deadline of 7 a.m. London time. Some external links may require a subscription.