AOL to Monetize Videos and 4 Media Titans Making Waves
AOL, Inc. (NYSE:AOL): At the beginning of New York Advertising Week, Ran Harnevo, who leads The AOL On Network, made a surprise announcement on their blog. He said,“Our entire original video content library will be distributed across twenty-two curated channels and monetized on YouTube.”
Netflix, Inc. (NASDAQ:NFLX): After Citigroup analyst Mark Maheny wrote in a note to investors saying that overall customer satisfaction with the Internet video company has begun to improve, Netflix Inc. is climbing. For the first time since last summer, the number of consumers who are very or extremely satisfied with the company has begun to increase according to Citigroup’s proprietary survey. Meanwhile, the number of respondents who list Netflix as a top destination has also risen. The analyst views Netflix’s valuation as “highly reasonable” and maintains a Buy rating on their shares with a price target of $120. In early trading, Netflix rose $3.07, or 5.44%, to $59.55.
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Coinstar, Inc. (NASDAQ:CSTR): Redbox, a Coinstar, Inc. brand, announced that beginning today, they will be selling event tickets at select Philadelphia area Redbox kiosks and online. They will be available to all kiosks in the market by mid October. The company said, “Regardless of the ticket price, tickets will be sold at face value or below, with a $1 fee per ticket.” Consumers will have the option to print their tickets at home or in some cases, pick them up at the event venue. New Era Tickets and Sparkart are key launch partners of Redbox Tickets.
Dish Network Corp. (NASDAQ:DISH): According to Deadline Hollywood, AMC Network’s (AMCX) Chief Executive Officer Josh Sapan said that AMC and Cablevision (NYSE:CVC), their former parent, did not hide a budget that would have given Dish Network Corp. the right to end their fifteen year agreement to carry the VOOM suite of HD channels. Sapan said, “The company never raised questions about what we were spending money on.”
SIRIUS XM Radio Inc. (NASDAQ:SIRI): According to the Wall Street Journal, the Federal Communications Commission has called for public comment about Liberty Media Corp.’s (NASDAQ:LINTA) application for approval to take control of Sirius XM Radio Inc., a signal that the agency is moving forward to evaluate the application.
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