The Federal Communications Commission has finalized estimates of how much it would repay C-band users for clearing the band's lower spectrum. Operators that currently use the frequencies for earth stations can choose between direct cost reimbursement or lump sums.
The customer base for Charter Communications' residential broadband services grew by nearly four times year over year during the company's second quarter, with 842,000 new subscribers. Charter's cash flow increased by 7.3% and revenues rose 3.1%.
Altice USA reported 53,000 broadband additions in its quarter ending June 30, once it took programs such as the "Keep America Connected Pledge" into account, compared to 13,000 in 2019. Total revenues increased by 1% and cash flow by 2.5%, and gigabit service is now available in at least 75% of Altice's service area.
NBCUniversal will devote more resources to its streaming division at the expense of its television unit, company leader Jeff Shell said, and executive Mark Lazarus is restructuring the Television and Streaming group to enable that. He added that making new movies available on demand sooner, under the recent deal the company and AMC Theatres signed, will reverse recent declines in post-theatrical revenues.
Comcast gained 323,000 customers in the most recent quarter, the second three-month period when it's set a record for new subscribers and a 54% year-to-year increase. Earnings beat analyst estimates and 10 million people joined Peacock, although declining advertising and theme park activity pushed revenues down 12%.
The Federal Communications Commission's Michael O'Rielly will make cable and broadcast deregulation a top priority in his next term, he said in a speech outlining his policy objectives. O'Rielly, whose renomination is before the Senate, aimed some of his harshest remarks at local franchise authorities who “extract undue bounties” from cable companies, he said.
ViacomCBS is expanding its CBS All Access service by adding episodes from 70 shows on its cable networks, including Nickelodeon, MTV, BET and Comedy Central. The company is also adding several original series this fall, a move related to its planned expansion and renaming early next year.
The LGBTQ+ service Revry has gained global distribution on Cox Communications and the Plex media streaming platform, a deal that covers seven apps, eight channels of live television and two on-demand subscription services. Cox said it will also deliver Revry on its Contour Stream Player and Contour outlets.
Comcast's Universal Pictures and AMC Entertainment Holdings have agreed to let films become available via premium video-on-demand services in 17 days rather than 75. The ground-breaking deal with the world's largest movie-theater group will give AMC an unspecified portion of PVOD proceeds and resolves the companies' recent dispute.
Morgan Stanley Infrastructure Partners will buy slightly less than half of Lightpath from Altice USA for $2.3 billion in cash. The cable company still controls Lightpath under the agreement, which should be final by the end of the year.