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Activist investor Elliott Associates, which on Monday said it had bought a stake in AT&T, homed in on the flaws in the telecom giant’s growth strategy of recent years: It spent a total of $163 billion buying DirecTV and Time Warner just as cord-cutting was starting to eat away at the foundations of those companies’ businesses.
What Elliott didn’t say was that the ...
Spotify has tapped former CBS News President David Rhodes as a consultant to help drive an expansion into news programming, say people familiar with the situation.
A news push is part of a broader ramp-up of Spotify’s podcast offerings to diversify the company’s revenue beyond music. Additionally, Spotify is looking to grow its sports offering and recently hired a Facebook ...
Quibi, the streaming video service launching next year, plans to air approximately 7,000 episodes of programming within its first year—an ambition for output likely surpassed only by Netflix. But unlike Netflix, which speeds production by letting a wide range of executives greenlight new shows, Quibi Chairman Jeffrey Katzenberg has to sign off on all programming deals.
As streaming services grow, cable services are getting pickier about the TV channels they’re willing to carry.
In the latest sign of that trend, cable giant Comcast has told Lionsgate that it plans to drop Lionsgate’s premium channels Starz and Starz Encore from its main bundle of channels at the end of the year, according to people familiar with the situation. If Comcast follows ...
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