Netflix (NASDAQ:NFLX): Content chief Ted Sarandos took a stab or two at Britain’s BBC over the decision it made to withhold its licensing for kids’ shows for five years. As a result, Netflix’s U.K. service must offer more U.S. shows, while the British public broadcaster’s commercial arm, BBC Worldwide, loses out on additional revenue, Sarandos said. ”It is a huge mistake — kids’ brands are very short life cycles, and I’m not willing to pay anything for those things five years later,” he explained. “The best commercial decision possible is to license content while it has a shelf life.”
Verizon Communications (NYSE:VZ): More efficient, faster data and cellular networks — along with the increasing proliferation of WiFi — have people scrapping their Internet plans at a higher rate of those cutting their cable subscriptions. Last year, 1 percent of households did away with their wire-line Internet, while only 0.4 percent severed their cable — a sobering realization for Internet providers like Verizon and AT&T (NYSE:T), which seem to be cannibalizing their own Internet services with their nationwide mobile networks.
General Electric (NYSE:GE): GE Capital CEO Michael Neal will apparently be making his departure from the company this summer, after an eight year stint with the company. GE is working to trim the Capital division back, and could explore the idea of spinning the unit off entirely. Potential candidates to replace Neal include GE Capital COO William Cary, and Mark Begor, the head of the unit’s real-estate division.
Blackstone (NYSE:BX): Blackstone is reportedly exploring the withdrawal of $400 million out of SAC Capital, nearly double the amount that was expected earlier this month. The move could send Blackstone’s clients packing, since the funds represent the majority of the cash held by the hedge fund. The company has until Monday to make a decision.
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