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Alphabet selling robotics units; Robocalls rile up consumers, regulators


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Alphabet selling robotics units; Robocalls rile up consumers, regulators

Top News

* SoftBank Group Corp. agreed to acquire Alphabet Inc.'s robotics units Boston Dynamics and Schaft for an undisclosed sum. Marc Raibert, CEO and founder of Boston Dynamics, and his team will join SoftBank, the company said.

* Yahoo! Inc. stockholders approved the proposed sale of the company's operating business to Verizon Communications Inc. The company said it expects the sale to close June 13.

* In more Yahoo deal news, Verizon's merger of Yahoo with its AOL property actually will result in about 2,100 job cuts at the combined company instead of the 1,000 job cuts reported earlier, Bloomberg News reports, citing a source with knowledge of the details. The layoffs will affect about 15% of the combined company's workforce.

* In recent months, regulators have stepped up their war on robocalls. And data from the Federal Communications Commission's Consumer Help Center makes it easy to understand why.

Internet & OTT

* Sony Corp.'s PlayStation Vue no longer has beIN SPORTS (US) and beIN SPORTS en Español (US) on its channel lineup following a dispute over pricing, Multichannel News reports, citing statements from both parties.

* Facebook Inc. is considering leasing space at 181 Fremont Street in San Francisco for its Instagram division, The Registry reports, citing sources familiar with the details. Set to open in 2018, the new, mixed use, 70-story tower features 432,000 square feet of commercial office space and 67 condominium residences.

* Netflix Inc. is expected to reach 128 million subscribers by 2022, a 44% increase from the 89 million the streaming giant had at the end of 2016, Multichannel News reports, citing Digital TV Research. The research firm also expects the company's international subscriber base to surpass its domestic subscriber base by early 2018.

* Netflix will premiere original documentary "CounterPunch" about young boxers on June 16, the company said. The documentary will have its world premiere at the Los Angeles Film Festival on June 15.

The day ahead

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

In Asia, the Hang Seng fell 0.13% to 26,030.29, while the Nikkei 225 was up 0.52% to 20,013.26.

In Europe, around midday, the FTSE 100 was up 0.46% to 7,484.35, and the Euronext 100 had risen 0.19% to 1,019.55.

On the macro front

The wholesale trade report and the Baker-Hughes Rig Count report are due out today.

Featured news

The Daily Dose Asia-Pacific: India set to OK Amazon grocery service; Hutchison fixed-line biz draws bids: India is set to approve Inc.'s proposed online grocery service, while the fixed-line phone unit of Hutchison Telecommunications Hong Kong Holdings Ltd received takeover bids.

Hires and Fires: US Media & Comm management moves through June 7: CenturyLink, TEGNA: S&P Global Market Intelligence presents a weekly rundown of executive changes in the media and communications industries.

Analysts: Content, broadband speed key to unlocking quad-play potential in Asia: Asian telecom operators will need to invest more in content and infrastructure in order to boost the uptake of quad-play services across the region, industry observers have said.

The Daily Dose Europe: UK's Conservatives lose majority; EU wants easier data access for police: The U.K.'s Conservative Party has lost its majority in the elections, while the European Commission is bringing forth proposals to make access to data across EU member states easier for law enforcement agencies.

Featured research

Economics of Internet: State of Chinese online video: Subscription: Improvement in piracy regulation, advancements in mobile payments and generational shifts in viewing habits have all contributed to explosive growth in China's subscription online video market.

Economics of TV & Film: Kagan Box Office Report – Week 23: The summer box office finally had a win in week 23 thanks to the big debut of "Wonder Woman." Weekly box office was up for the first time this summer, growing 21.0% to $264.2 million from $218.4 million in 2016.

The Daily Dose is updated as of 7 a.m. ET. Some external links may require a subscription.