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Republicans want tech input on U.S. net neutrality legislation
WASHINGTON (Reuters) - A U.S. congressional committee on Monday asked for input from Google parent Alphabet Inc , Facebook Inc , Comcast Corp , Amazon.com Inc and other major companies on a proposed rewrite of rules governing consumer internet access, according to an email reviewed by Reuters.
Zacks Industry Outlook Highlights: Comcast, AT&T, Verizon Communications, Charter Communications and Sprint
For Immediate Release Chicago IL July 28 2017 Today Zacks Equity Research discusses the Industry Telecom Part 1 including Comcast Corp NASDAQ CMCSA Free Report AT amp T Inc NYSE T Free Report Verizon Communications Inc NYSE VZ Free Report
MGM will acquire TV assets of 'Vanderpump Rules' producer Evolution Media
The TV production and distribution arm of Metro-Goldwyn-Mayer said on Tuesday it's acquiring the assets of unscripted TV producer Evolution Media. Terms of the deal were not disclosed. Evolution Media's roster of shows include hit reality shows such as "The Real Housewives of Beverly Hills" and "Vanderpump Rules," which air on Comcast Corp.-owned NBCUniversal's Bravo. After the deal, the company will operate as Evolution Media, an MGM company, and founder and Chief Executive Douglas Ross will become the company's president. "Doug and [Alex Baskin, president of programming and development] have been creating and producing hit series for decades," said MGM TV head Mark Burnett in a statement. "These guys have talent and drive and will help our MGM Television 'hit machine' to continue to grow and grow." MGM hopes the acquisition will enhance its current roster of series, which include "Survivor" on CBS Corp. , "The Voice" on NBC, "Shark Tank" on Walt Disney Co.-owned ABC and "The Handmaid's Tale" distributed by Hulu -- a joint venture from Disney, Comcast, 21st Century Fox Inc. and Time Warner Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
PRESS DIGEST- Wall Street Journal - June 27
The following are the top stories in the Wall Street Journal. - Sprint Corp (S) has entered into exclusive talks with Charter Communications Inc (CHTR) and Comcast Corp (CMCSA) as the cable companies explore a deal that could bolster their plans to offer wireless service, according to people familiar with the matter. http://on.wsj.com/2sgI1aI.
NBC News acquires 25% of international network Euronews
Comcast Corp-owned NBC News on Wednesday said it has made a significant investment in international news network Euronews. The dollar amount of the acquisition was not disclosed, but NBC News will acquire 25% of Euronews with the funding going to support expanded news coverage and programming across Europe, according to a news release. "Euronews has unmatched scale as well as the unique ability to offer international coverage rooted in sensibility in every country and language it spans," NBC News Chairman Andrew Lack said in a statement. He also said the partnership is perfect as NBC News looks to strengthen its reach globally. Deborah Turness, who serves as president of NBC News International, will head the NBC side of the operation and will work in partnership with Euronews Chief Executive Michael Peters. Euronews employs nearly 500 journalists and reaches 434 million homes across 158 countries in 12 languages on both TV and digital platforms. Shares of Comcast are up more than 20% in the year to date, while the S&P 500 index is up nearly 8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Movie theater stocks suffer after a disappointing Memorial Day weekend at the box office
Shares of movie exhibitors and theater chain operators were down Tuesday after the box office suffered its lowest 4-day Memorial Day weekend draw in 18 years. AMC Entertainment Corp. led the decline, falling nearly 5%, while IMAX Corp. fell 4%, Cinemark Holdings Inc. fell more than 2% and Marcus Corp. fell 2%. Regal Entertainment Group's was less severe, falling less than 1%. The box office brought in an estimated $179.0 million over the 4-day weekend, which is the lowest gross for the typically busy weekend since 1999, said ComScore analyst Paul Dergarabedian. Foot traffic at the multiplex, which has been relatively stagnant for years, disappointed over the weekend. Dergarabedian said the slate of movies so far this summer, aside from Walt Disney Co.'s "Guardians of the Galaxy Vol. 2," have been poor. Disney's "Pirates of the Caribbean: Dead Men Tell No Tales" topped the holiday box office but received little help from critics, pulling in $77.0 million, according to ComScore estimates. The box office's other new comer, "Baywatch," distributed by Viacom Inc.'s Paramount Pictures pulled in just $23.0 million. So far in the summer season, the box office is down 5.6% compared with the same time frame last year. "The pressure is on right now," Dergarabedian said, as the industry looks to June releases "Wonder Woman" from Time Warner Inc.'s Warner Bros., Disney's "Cars 3" and "Despicable Me 3" from Comcast Corp.-owned Universal Pictures. The S&P 500 index was flat during Tuesday trade.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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