AOL Launching NEW Version of TV App and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL) is launching a new version of its well known connected TV app and is continuing expansion of the list of platforms that is able view such content. The new service named AOL On, is to be launched on Smart TV’s from Samsung, Roku, and Sony devices. Additionally, TiVo users will gain access to new features via its branded DVRs. The shares traded down $0.22 (0.66%) recently at $32.00.
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Netflix, Inc. (NASDAQ:NFLX) announced that it will provide streaming of TV shows and movies for one inexpensice monthly price in Norway, Denmark, Sweden and Finland before 2012’s end. When it is launched, broadband Internet users in the Nordic countries will also be able to subscribe to Netflix and instantly watch a variety of Hollywood, local and global TV shows and movies; a large number with high definition video and Dolby Digital Plus surround sound. The shares traded up $1.24 (2.01%) recently at $63.00.
Coinstar, Inc. (NASDAQ:CSTR) Redbox, a wholly-owned subsidiary of Coinstar, Inc. (NASDAQ: CSTR), today named David Asch as its senior vice president of content, responsible for content strategy and acquisition. Based in Santa Monica, Calif., Asch will help deliver the Redbox promise of bringing consumers affordable access to new release movies and games at its more than 31,000 Redbox locations nationwide.
Time Warner Cable (NYSE:TWC): Starting Wednesday, Los Angeles customers of Time Warner Cable will notice a new addition to their channel lineup –Pac-12 Networks. And some time after the channels have launched those same customers will likely notice that their bill went up. Pac-12 Networks is the Pac-12 Conference’s sports service. In Los Angeles, there is one channel devoted to USC and UCLA (Pac-12 Los Angeles) and another channel that focuses on the entire conference (Pac-12). So far, only Time Warner Cable has a deal to carry the services. Satellite broadcasters Dish and DirecTV have not signed on yet nor has AT&T’s U-Verse or Verizon Fios. The shares traded down $1.06 (1.17%) recently at $89.54.
Comcast (NASDAQ:CMCSA): Verizon Wireless and Comcast Corp. have agreed in principle with U.S. antitrust officials to limit joint ventures as a condition for buying airwaves from cable companies, making it likely the deal will be approved early next month, people with knowledge of the negotiations said.
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