Media Biz Cheat Sheet: Cable Companies in Trouble, Miramax Signs Deal With Hulu
Cable providers are working on a plan that would allow customers to subscribe to individual channels rather than bundled packages with many channels they may not watch. The move makes sense to cable providers, who have been losing subscribers to cheaper services like Netflix (NASDAQ:NFLX) or Hulu (NASDAQ:CMCSA), but cable network owners like Disney (NYSE:DIS) and Time Warner (NYSE:TWX) are fiercely opposed to the idea, which will only serve to decrease subscriptions for individual channels. Disney reportedly gets $4/month per subscriber for ESPN alone. Stocks to Watch: Time Warner Cable (NYSE:TWC), Comcast (NASDAQ:CMCSA), Dish Network (NASDAQ:DISH), DirecTV (NASDAQ:DTV), Charter Communications (NASDAQ:CHTR), AT&T (NYSE:T), Cablevision (NYSE:CVC).
Miramax has signed a multi-year agreement with Hulu — which is owned by NBCUniversal (NASDAQ:CMCSA), Fox (NASDAQ:NWSA), and Disney (NYSE:DIS), at least for now — to offer its movies to subscribers in Japan. Beginning immediately, Japanese users will be able to watch movies like Chocolat, The English Patient, Good Will Hunting, Pulp Fiction and Spy Kids on multiple platforms, including Internet-connected TVs, Blu-ray players and gaming consoles, as well as personal computers, tablets, and smartphones.