AOL’s TV App EXPANDING to More Platforms and 4 Media Titans Making Waves
AOL, Inc.’s (NYSE:AOL) connected TV app, AOL On Network, is getting a new look as well as expanding to more platforms with a new video ad-serving capability today. For a company who has always been online and recently ventured into mobile territory, AOL hopes that the connected TV space will live up to early projections predicting rampant growth and that it can provide it with an opportunity to round out its cross-platform, multi-device strategy. The shares traded down $0.69 (2.01%) recently at $33.61.
Netflix, Inc. (NASDAQ:NFLX): Capital Research Global reports a 10.5 percent passive stake in Netflix. The shares traded up $1.75 (3.02%) recently at $69.66.
Time Warner Cable Inc. (NYSE:TWC): All major cable and broadband companies; AT&T, Verizon, Comcast, DirecTV Time Warner Cable, Cablevision; have reported their Q2 2012 subscriber numbers and the news is not positive. An additional 318,000 subscribers ended all their services, including cable TV, broadband internet, satellite, and hard-wired phones. The shares traded down $0.07 (0.08%) recently at $89.10.
Walt Disney Co. (NYSE:DIS) subsidiary Marvel Studios booked Whedon to write and direct the sequel to the billion-dollar blockbuster of the summer, Marvel’s The Avengers. The shares traded down $0.54 (1.08%) recently at $49.42.
DIRECTV, Inc. (NASDAQ:DTV) share price increased today, reaching and exceeding its previous 52-week high of $50.68. The shares traded up $1.46 (2.89%) recently at $51.96.
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