Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time. The gains announced Monday include an additional 570,000 U.S. subscribers, slightly more than Netflix's management predicted. The quarter is typically the company's slowest of the year, as people spend more time outdoors instead of watching video.
C Spire will be using IPTV set-tops from Amino to deliver the triple play to customers of the gigabit network the company is building in parts of Mississippi. The company said it will use Amino's Live Advanced Media Centre and A140 devices to provide broadband, telephone and digital HD television services.
The company said it now has approximately 200,000 business customers located in all 50 states, the District of Columbia, Canada and Puerto Rico. Its IP-based network now has approximately 31,000 fiber route miles, and covers 22 states and Washington, D.C.
Time Warner Cable announced it was participating in the city of Los Angeles’ request for information (RFI) process that is targeting the development of a communitywide 1 Gigabit network that will serve area residents, businesses and city government. The nation’s second-largest cable operator said its response included detailed information about the deployment of DOCSIS 3.1 to deliver the 1-Gig service.
Arris teamed up with Wurl to debut a new open platform for cable operators that blends over-the-top (OTT) content with traditional programming services on Arris’ set-top boxes. Arris Market, which is part of Arris’ Whole Home Solution, is standards-based and comes with an HTML5 interface that integrates OTT content with linear content.
Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online. Starting Monday, all new subscribers will get "symmetrical" connections. The cheapest plan will deliver 25 megabits per second up and down, an increase from 15 megabits down and 5 megabits up.
Google and a number of partner companies may be looking to transform New York City pay phones into Wi-Fi hotspots, according to a report from Bloomberg. New York is accepting proposals from interested parties willing to install, operate and maintain up to 10,000 “Public Communications Structures providing advertising, Wi-Fi, and phone service in all five boroughs.”
With less than one month left until the SEC Network kicks off its college football coverage, ESPN and Comcast announced this morning that a deal had been reached. Striking a deal with the nation’s largest cable operator and ISP is a watershed moment for the SEC Network, but it still needs to sign off on deals with Charter Communications, Time Warner Cable and DirecTV, among others.
RCN is now serving up Showtime Anytime’s TV Everywhere video content for free to its authenticated subscribers. Showtime Anytime is provisioned across PCs, tablets, smartphones, Xbox 360 game consoles and Roku devices across the nation to RCN subscribers of Showtime. Showtime Anytime also includes the live broadcast of both the East and West Coast feeds of Showtime.
Ericsson today posted a second quarter profit of $394 million despite curtailing LTE rollouts by major North American carriers. Revenue for the quarter came in at just over $8 billion, which beat analyst expectations. In a press release, the Swedish equipment maker said sales in the quarter were mainly driven by continued capacity projects in North America and growth in the Middle East, China and India.
Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users. The largest U.S. e-commerce site said Friday that the Kindle Unlimited service will give users the ability to read as much as they want from more than 600,000 Kindle titles such as "The Hunger Games."
Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. The report released Thursday also showed that Google's advertising prices are still dropping to extend a nearly three-year slump.
Hewlett-Packard CEO Meg Whitman is assuming the title of chairman after the departure of interim chairman, Ralph Whitworth, who resigned to deal with health issues. HP has split the roles of chairman and CEO since Mark Hurd resigned as CEO in 2010. The company has faced shareholder displeasure over a series of missteps and slumping sales.
Liberty Global announced today that it was buying a 6.4 percent stake in British broadcaster ITV from BSkyB for 481 million pounds, or $824 million. Liberty Global said in its press release that it didn’t intend to make an offer to acquire all of ITV, but reserved the right to do so if circumstances warranted it.
TDS Telecom has launched its 1 Gigabit service in another town in New Hampshire. The recent deployment in New London followed on the heels of TDS’s first 1 Gbps deployment in Hollis, N.H. in May. The 1 Gig service features 400 Mbps on the upstream.