Comcast and Charter this week called for the Federal Communications Commission to "end the cycle of regulatory ping pong" and roll back net neutrality regulations. Both companies said that they will not block, throttle or discriminate against internet content if deregulation occurs.
Walt Disney Co. will become the majority owner of Hulu, marking the first time in years the company has had stable leadership. Disney CEO Bob Iger this week said the company plans to bring more content to Hulu, making it "a more viable competitor" to rivals, such as Netflix.
The Federal Communications Commission on Thursday voted 3-2 in favor of rolling back net neutrality regulations implemented in 2015. FCC Chairman Ajit Pai spoke in favor of the decision, saying that a more open internet would provide incentives for building and upgrading networks, particularly in areas that are underserved.
Disney's acquisition of 21st Century Fox assets in a $52.4 billion deal was driven by Disney's need to build up its direct-to-consumer streaming offering, said Disney Chairman and CEO Bob Iger. The company plans to remain a key player among MVPDs, but if the market changes, Disney will "be well-positioned to in effect flip a switch and distribute programs and channels direct-to-consumer through the platforms we've created," Iger said.
Showtime on Thursday released numbers showing that the pay-per-view matchup between Conor McGregor and Floyd Mayweather Jr. was the second-biggest in history, bringing in 4.3 million buys in North America. Global revenue for the event surpassed $600 million, making it one of the biggest single-day events of all time.
DIRECTV has announced that it will be giving its customers a lineup of 4K and HDR content that includes sports, music and other events. Coverage kicked off Thursday night with the NHL matchup between the Pittsburgh Penguins and Vegas Golden Knights, while upcoming events include 13 NBA games and the "Christmas Rocks!" concert, kicking off Monday.
Almost 63% of online sports video views in the third quarter were on mobile devices, an Ooyala study has found. Further, 60% of all online video consumption is expected to happen through mobile devices next year.
Redbox on Wednesday launched Redbox On Demand, a digital service that allows customers to purchase streaming video rentals for movies and TV shows. Content from studios such as Paramount Pictures, Lionsgate, 20th Century Fox and Warner Bros. will be available, but Disney content will not, as the company has not had a direct deal with Redbox since 2012.
Walt Disney Co. confirmed today that it intends to purchase most of 21st Century Fox's assets in a deal valued at $52.4 billion. Although the merger will have to gain regulatory approval before closing, Disney CEO Robert Iger has already signed a fourth contract extension to stay on with the company through 2021 to oversee the anticipated transition.
Comcast is providing its customers with improved whole-home Wi-Fi with the launch of xFi Pods. These devices, which cost $119 for a pack of three and $199 for a pack of six, work with Comcast's gateways to create a mesh network to improve Wi-Fi signals.
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