Deluxe has entered an agreement with China Film Co. to provide mastering services for motion pictures released in the China Giant Screen (CGS) format. Deluxe and China Film also said they will develop a 115,000-cubic-foot mastering facility and screening room in Los Angeles.
Frontier Communications wrapped its $2 billion acquisition of AT&T wireline business, statewide fiber network, U-verse operations, and Dish Network customers in Connecticut, marking the occasion with service interruptions in both broadband and TV. The deal was announced at the end of 2013.
Amazon has jumped into the TV stick arena to compete against similar devices from the likes of Google’s Chromecast and Roku. This morning Amazon announced its Fire TV Stick, which is available to existing and new Amazon Prime customers for $19 over the next two days, or $39 as a standalone. Amazon is currently taking preorders for the Fire Stick with shipping slated for Nov. 19.
Shenandoah Telecommunications Company (Shentel) is helping support the 2014 Create West Virginia Conference by offering free Wi-Fi in Glenville, W.Va. Shentel’s free Wi-Fi offer started on Oct. 15 and is slated to run through the rest of the month.
The National Association of Broadcasters (NAB) fired back at the FCC over implications that further delay of the 600 MHz incentive auction was due to an NAB lawsuit. NAB said the broadcast incentive auctions will be complex and that’s why Congress gave the FCC 10 years to complete the proceedings.
The FCC attributed this new delay to legal challenges from broadcasters. The proposal rests on a guarantee to broadcasters that the spectrum can be used without interfering with their signals. Not all broadcasters are satisfied that the FCC is doing that with the way it is evaluating coverage areas.
BBC Worldwide, the commercial arm of the British Broadcasting Corp., will retain 50.1 percent ownership. The BBC said in a statement the partnership will help it reach new audiences in the U.S., strengthen BBC America, while creating opportunities for the U.K.'s "creative community."
Summit Broadband has hired Peter Murray, formerly with Wireless Access Communications, as director of carrier services. Thomas Foster, previously with Cisco and Time Warner Cable, has joined the company as director of technical operations, overseeing residential field operations.
In order to expand its presence in southeast Georgia, South Carolina-based Hargray Communications announced it has picked up Reidsville, Ga.-based Kennedy Cablevision. In addition to adding Kennedy Cablevision’s residential and commercial customers into the fold, Hargray said the deal would allow it to upgrade its existing network technology and infrastructure as well build out additional infrastructure.
Comcast NBCUniversal announced this morning that Mitch Rose was hired as senior vice president of government affairs, NBCUniversal. Rose, who will be located in Comcast NBCUniversal’s Washington D.C. office, previously provided strategic counseling to Comcast, NCTA and RIAA, among others, as principal of Mitch Rose Strategic Consulting.
Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when some of Microsoft's better-known segments are slowing.
Juniper Networks Inc. on Thursday reported a better-than-expected third quarter and announced plans to increase its share repurchases. But a weak fourth-quarter outlook sent the computer network equipment maker's shares down in extended trading. The Sunnyvale, California-based company reported a third-quarter profit of $103.6 million, or 23 cents per share.
Vendors are rapidly filling the market with enabling technology for G.fast. Broadcom announced variants of several DSL chips that will now support G.fast and G.vector standards, and Adtran said its G.fast technology, introduced last month, is in trials with several customers around the world.
The company recorded 601,000 U-verse high speed Internet subscriber net adds, including 44,000 business customers, pushing its total of broadband customers past 12 million. AT&T also tallied 216,000 U-verse TV subscribers added, for a total of more than 6 million.
Aided by declining video subscriber losses, an increase in data subscribers and continued growth in the business services sector, Comcast posted solid results in its third quarter earnings report this morning. While Comcast lost 81,000 video subscribers in the recent third quarter, it was still the best third quarter for video in the past seven years.