Tech Business Recap: Disney and Dish in the Green
Disney Interactive (NYSE:DIS) and YouTube (NASDAQ:GOOG) have a new agreement to bring free family-friendly video entertainment to the web. The online videos will target Disney audiences and ill be found on both Disney.com and YouTube early next year.
The deal valued between $10 to $15 million brings a benefit to each company: Disney can build its online brand with children and YouTube can see some credibility with parents who are concerned the site’s content isn’t always kid friendly.
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Netflix, Inc. (NASDAQ:NFLX) and MGM Studios have agreed to a multi-year licensing agreement that will have Netflix as the UK and Ireland’s exclusive subscription streaming service for MGM’s first-run feature films. The titles will instantly be available to Netflix members in these two countries on a number of devices at a low per month cost.
Netflix will launch its services to UK and Ireland in early 2012.
Barnes & Noble Inc. (NYSE:BKS) unveiled its new Nook Tablet today one week ahead of Amazon’s (NASDAQ:AMZN) Kindle Fire launch. The Nook has a few advantages over the Fire with its lighter weight, double memory and high-quality IPS LCD. Amazon will likely counter with its lower cost and different apps.
A Microsoft Corporation (NASDAQ:MSFT) source disclosed information regarding the next Xbox: it will run on a modified version of Windows 9, feature an ARM Holding PLC- based (NASDAQ:ARMH) CPU — as compared to Xbox 360’s IBM (NYSE:IBM) chip — and bring a smaller price and size than the Xbox 360. It will also drive a Kinect adoption.
Dish Network Corporation’s (NASDAQ:DISH) spinoff EchoStar Corporation (NASDAQ:SATS) hasn’t seen its stock bounce after a good third quarter earnings report. Echo saw its revenue grow 42 percent year over year to $863 million but it reported a $0.22 loss from a 286 percent year over rise in selling, general and administrative expenses.