Coinstar NAMES New Officers and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX): During the Q2, Netflix disc rentals were only a $291 million contribution to its revenue, but it offered a huge 46 percent margin, or $134 million in profit. Also, Netflix’s total streaming revenue, both domestic and abroad, reached $598 million. The streaming contributed a net loss of about $6 million, because of the $89 million loss in the international streaming segment. The shares traded down $0.14 (0.21%) recently at $65.46.
Coinstar, Inc. (NASDAQ:CSTR) stated that its president and chief operating officer Gregg Kaplan will leave the company in order to pursue new opportunities, and the company also named a new president of its Redbox subsidiary long with a new chief technology officer. Mr. Kaplan, who also founded Redbox and the unit’s interim president, is to continue his role as Coinstar’s president and chief operating officer through March 31. Coinstar named Anne Saunders, who was most recently executive vice president and chief marketing officer at Knowledge Universe, as the new president of Redbox, beginning on Aug. 27. She has also held leadership positions at Bank of America Corp. (NYSE:BAC), Starbucks Corp. (NASDAQ:SBUX), and AT&T Inc. The shares traded down $0.02 (0.04%) recently at $51.76.
Time Warner Cable Inc. (NYSE:TWC): On Monday, Time Warner Cable Business Class, which is the cable MSO’s business unit, secured a deal providing fiber-based services to the Empire State Building in New York City. Any tenant in the building should now be able to get as much as 1 Gbps dedicated Internet speeds. Possessing this foundation indicates that existing and new businesses will have the ability to converge all of their voice, Ethernet, TV, and video transport services through a fiber-based connection. The shares remained flat at $89.33.
Comcast Corporation (NASDAQ:CMCSA): Verizon Wireless’s proposal to purchase unused airwaves from cable providers headed by Comcast Corp. has gained enough votes to win regulatory clearance from the U.S. Federal Communications Commission, according to officials. The shares traded down $0.04 (0.12%) recently at $34.00.
Viacom, Inc. (NYSE:VIA): A group of organizations accuse McDonald’s (NYSE:MCD), General Mills (NYSE:GIS), Viacom (NYSE:VIA), and Time Warner (NYSE:TWX) of violating federal law by gaining personal information regarding children below the age of 13 without parental consent, reports The New York Times. The group intends to file complaints with the FTC concerning the matter, the publication added. The shares traded down $0.19 (0.37%) recently at $50.80.
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