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 to roll back net neutrality regulations in an effort to promote industry innovation. The changes will not be evident for weeks, but Democrats are preparing to fight the decision by calling for a bill to restore regulations and by filing lawsuits through state attorneys general.
Fox is looking to invest in more TV stations to improve its portfolio of broadcast, sports and news networks after a deal with Disney, says Chairman Rupert Murdoch. Another big change may be the transition of James Murdoch from Fox to Disney, with Disney CEO Bob Iger saying that there will be discussions of a potential role for Murdoch.
President Donald Trump on Wednesday discussed Fox's deal with Disney with Rupert Murdoch, and press secretary Sarah Sanders said Trump feels the deal "could be a great thing for jobs." If Trump supports the deal, accusations of political favoritism may emerge, but if the deal falls through, Disney will be on the hook for $2.5 billion, per an agreement with Fox.
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.
Verizon recently closed on its $225 million acquisition of WideOpenWest's Chicago fiber network assets, a deal that may be worth up to $275 million once the network construction is completed late next year. The deal will provide Verizon with more than 500 additional macro-cell wireless sites and 500-plus small-cell wireless sites.
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