Discovery Communications Inc. (DISCA) on Tuesday reported third-quarter net income of $280 million. On a per-share basis, the Silver Spring, Maryland-based company said it had net income of 41 cents. Earnings, adjusted for amortization costs, were 46 cents per share.
American Express will now be able to replace traditional 16-digit account numbers with “tokens” used to authenticate online purchased and mobile payments made via NFC-enabled devices. This system means consumer account information won’t be stored with merchants and also allows for tokens to be assigned to specific merchants or payment types.
Rovi will be jumping into the CPE business, acquiring startup Fanhattan, which used its expertise in guide and recommendation technology as a launchpad for a set-top that combines linear, on demand, and OTT content. The companies did not disclose the purchase price.
Carnival said will offer a long-range, broadband wireless Internet network on all of its 101 ships across nine cruise line brands. The cruise ship company says WiFi@Sea will use a combination of land-based antennas installed along cruise routes, Wi-Fi from a port connection, and advanced satellites to offer onboard Internet.
Verizon teamed up with Greenwave Systems on its new home gateway, which, under lab conditions, can deliver up 800 Mbps on the downstream along with an unobstructed Wi-Fi range of up to 325 feet. The gateway uses beamforming and supports the various standards of Wi-Fi, including 802.11b/g/n/ac, as well as MoCA 2.0 and Ethernet.
Starting today and running through Dec. 31, Atlantic Broadband is offering new customers three free months of Netflix’s streaming service when they sign up for bundles over the holiday season. Customers that sign up for Atlantic’s double play (which includes TV and data) and triple play (TV, data and phone) qualify for the Netflix service, which is integrated with Atlantic’s TiVo offering.
Can Old Faithful compete with Netflix? The prospect of streaming wireless service deep inside Yellowstone National Park is re-igniting the debate over whether there should be any place off limits to technology. Park officials are in preliminary discussions with CenturyLink about installing a $34 million fiber-optic line through neighboring Grand Teton National Park and into Yellowstone.
FCC Chairman Tom Wheeler may drop attempts at Title II reclassification, but in exchange will approve the Comcast / Time Warner Cable and AT&T / DirecTV mergers only with conditions that will bar them from engaging in paid prioritization. It's a win for MVPDs, but will they accept it?
Imagine said the acquired products will be supported alongside Imagine Communications’ existing advertising business systems offerings while providing a foundation for future developments that include linear, online, OTT and programmatic business models for TV and radio.
Comcast continues to polish its customer service apple by allowing subscribers to drop off their equipment directly at UPS stores where the gear will be processed, packed and shipped back to Comcast free of charge. In addition to the more than 500 Xfinity stores, the equipment can now be dropped off at 4,400 UPS stores across the nation. The equipment can be handed into the UPS stores as is, without wrapping or packaging.
After shareholders for both tw telecom and Level 3 granted their approval on Tuesday for Level 3’s deal to buy tw telecom, Level 3 announced Friday morning that the $5.7 billion acquisition was completed. The combined company now includes Level 3’s global fiber network, which features a strong metro presence in North America, with tw telecom’s network that serves office buildings and businesses across the nation.
Sony's losses ballooned to 136 billion yen ($1.2 billion) last quarter as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink. The Tokyo-based maker of the PlayStation 4 video game machines, Spider-Man movies and Xperia smartphones had reported a 19.6 billion yen loss for the same July-September period a year earlier.
Arris reported Q3 revenue of $1.4 billion, up 32 percent from the third quarter a year ago. Arris expects its largest customers might get distracted by the megamergers they're involved in, but they all need to respond to demand for gigabit services and Wi-Fi. CCAP trials might commence in the summer.
While Time Warner Cable waits in the wings to be acquired by Comcast, the nation’s second-largest cable saw its third-quarter net income drop 6 percent. On the subscriber front, Time Warner Cable lost 184,000 residential video customers in the quarter, which was partially offset by the addition of 92,000 data customers and 14,000 voice subscribers.
TiVo has forged an agreement with Walmart’s Vudu service to provision the latter’s streaming content to TiVo devices. The deal allows TiVo’s Roamio and Mini users to rent or buy movies and TVs shows from Vudu’s content partners, as well as access a customized Ultraviolet cloud library.