LMCA Archives - Bartle Doo Article Archives

BlackRock Inc. (NYSE: BLK) will lay off 300 people. (Reuters)

Electronics Arts Inc. (NASDAQ: EA) chief executive departs as the firm missed earnings. (Reuters)

Intel Corp. (NASDAQ: INTC) ramps up hiring for its new TV entertainment unit. (Reuters)

Airbus gets an order from Indonesian airline Lion Air worth $24 billion. (Reuters)

The Employee Benefit Research Institute reports that 57% of Americans have less than $25,000 in savings when the value of their homes are backed out. (WSJ)

Corelogic reports that “underwater” homes dropped by 1.7 million in the fourth quarter, compared to the same quarter a year ago. (WSJ)

Lululemon Athletica Inc. (NASDAQ: LULU) takes some pants out of stores because they are too sheer. (WSJ)

Citigroup Inc. (NYSE: C) pays $730 million to settle claims over paper its sold that mislead investors over a two-year period. (WSJ)

Liberty Media Corp. (NASDAQ: LMCA) may by 25% of Charter Communications Inc. (NASDAQ: CHTR). (WSJ)

HTC delays release of one of its major new phone products. (WSJ)

IDC says global PC shipments will slow again this year. (WSJ)

Facebook Inc. (NASDAQ: FB) blocks developers who do not make software that enhances the social network’s goals. (WSJ)

Chesapeake Energy Corp. (NYSE: CHK) sells debt to buy paper with higher coupons. (WSJ)

The Washington Post division of Washington Post Co. (NYSE: WPO) will charge for online content. (WSJ)

Investment firms and farmers begin to compete for land as crop prices rise. (NYT)

ABC may launch an app for people to watch TV on portable devices. (NYT)

The size of cash hoards held by U.S. companies reach record levels, according to Moody’s Investor Service. (FT)

Samsung says it will release its own smart watch to compete with Apple Inc.’s (NASDAQ: AAPL). (Bloomberg)

European February car sales fall 10%, according to the European Automobile Manufacturers’ Association. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BLK, C, CHK, CHTR, EA, FB, INTC, LMCA, LULU, WPO

Read | Permalink | Email this | Linking Blogs | Comments

By 24/7 Wall St.

Filed under: Technology, Media

A division of Sony Corp. (NYSE: SNE) and Starz (NASDAQ: STRZB) have extended a multi-year agreement under which Starz will remain the exclusive first-run TV outlet for new movies from Sony. The deal will runs through 2012, replacing a prior agreement that would have expired in 2016.

In December, Netflix Inc. (NASDAQ: NFLX) signed a deal with The Walt Disney Co. (NYSE: DIS), outbidding Starz and its sister Encore channels which were still owned at the time by Liberty Media Corp. (NASDAQ: LMCA). There’s no indication that Netflix was in the running for a deal with Sony, but it would be surprising if the streaming video purveyor hadn’t at least made some initial inquiries.

The Netflix deal with Disney starts in 2016, after Disney’s current contract with Starz expires. Netflix is thought to be paying about $300 million annually for the exclusive streaming rights to films from Lucasfilm’s Star Wars franchise, Pixar Animation Studios, and Marvel Studios among others. Starz had to counter and the deal with Sony is the response.

Maybe Netflix was never in contention or maybe the company just didn’t want to add another hundred million or so to its future financial commitments. The company needs to add about 3.7 million subscribers between now and 2016 to pay for the Disney deal without raising its monthly subscription rate.

Netflix shares are getting a shave today, down about 2.4% at $176.70 after a two-and-a-half week run of nearly daily 52-week highs.

Filed under: 24/7 Wall St. Wire, Cable Companies, Entertainment, Internet, Media, TV Tagged: DIS, LMCA, NFLX, SNE, STRZB

Read | Permalink | Email this | Comments

Bartle Doo Article Archives

Tag Archives: LMCA

Media Digest (3/19/2013) Reuters, WSJ, NYT, FT, Bloomberg

Sony Sticks with Starz Through 2021 (SNE, STRZB, NFLX, DIS, LMCA)

Articles Archive