Comcast Kicks Off Internet Essentials Program and 4 Media Titans Making Waves
Netflix, Inc. (NASDAQ:NFLX) announced a more immersive version of the Android smartphone app, and the updated app has become more similar to the tablet experience. Netflix integrated more TV, movie titles, and galleries, and the company simplified its search and browse features.
Coinstar, Inc. (NASDAQ:CSTR) has teamed with Verizon (NYSE:VZ) to create Redbox Instant. This service is made to to provide streaming access to movies and television shows, and it means that Coinstar and Verizon are now direct competition with Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN). Verizon VP Eric Bruno stated in Bloomberg Businessweek that the new service will be available prior to the holiday season. As of now, the system is still being tested, and it should cooperate with Redbox’s existing kiosk business and intends to place more focus on newer movies.
Time Warner Cable Inc. (NYSE:TWC) has been upgraded from Equal Weight to Overweight by Morgan Stanley due to TWC’s free cash flow and valuation being in focus.
Comcast Corporation (NASDAQ:CMCSA): Today, the company began the second year of its Internet Essentials, which is an a broadband adoption program that is intended to assist in closing the digital divide for low-income Americans, at a special event that took place at Kramer Middle School in Washington, D.C. Comcast Executive Vice President David L. Cohen was joined by Washington, D.C. Mayor Vincent Gray, Kramer MiddleSchool Principal Kwame Simmons, and former NFL Coach and Internet Essentials spokesman Tony Dungy to discuss the program’s new enhancements and to distribute hundreds of backpacks containing school supplies and information regarding Internet Essentials to students in relation with the Backpacks 4 Kids program.
SIRIUS XM Radio Inc. (NASDAQ:SIRI): The Internet Radio Fairness Act has come to congress, and it is intended to move “noninteractive online radio services” such as Pandora (NYSE:P) and iHeartRadio from their current royalty model to one hopefully resulting in reduced rates similar to those paid by satellite radio providers such as Sirius XM, reports the New York Times.
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