Viacom will begin making content directly for Netflix as part of a "studio model" strategy. The first show to be produced exclusively for the streaming platform will be Nickelodeon's "Pinky Malinky," with plans for more shows to follow from MTV, BET and other Viacom networks.
MTV has announced the launch of MTV Studios, a division that will focus on producing new programming and reboots of old series for streaming platforms. Classic revivals include "Daria" and "The Real World," with new original series such as "The Valley" and "MTV's Straight Up Ghosted" also on tap.
Disney in a regulatory filing Thursday stated that it would be willing to divest more 21st Century Fox assets to gain regulatory approval for its $71.3 billion bid. The company is prepared to sell Fox assets that generate up to $1 billion in cash flow, which could include Fox's regional sports networks.
Tensions between Comcast CEO Brian Roberts and 21st Century Fox Executive Chairman Rupert Murdoch could hurt Comcast's bid to acquire Fox assets. Sources say that Murdoch thinks more favorably of Disney CEO Bob Iger and that his skepticism of Roberts and concerns over potential regulatory risks could be a determining factor as to which company's bid is successful.
More than 85% of millennials in broadband homes in the US subscribe to an over-the-top service, per a Parks Associates study. More than half of the demographic subscribes to at least two services, while over one-quarter subscribe to three or more, the study showed.
AT&T has unveiled its Watch TV service, a streaming TV offering that will feature a lineup of 31 TV networks and a library of 15,000 on-demand TV show episodes and movies. The service costs $15 per month, but it will be available at no cost to qualifying wireless subscribers.
Apple has teamed up with Sesame Workshop to create a lineup of children's programming. Under the deal, Sesame Workshop will create new live-action and animated content, as well as a puppet series, for Apple platforms.
Disney -- which just raised its bid to acquire 21st Century Fox assets to $71.3 billion in cash and stock -- is not willing to split assets with competing bidder Comcast, says Disney CEO Bob Iger. Comcast is expected to submit another bid surpassing Disney's current offer, with some analysts predicting that the bidding war could reach $80 billion.
Altice USA has appointed Jean-Charles Nicolas as senior vice president of its mobile unit. Nicolas has over 20 years of experience in the mobile communications industry and previously worked as deputy CEO and chief financial officer of Altice's Dominican Republic division.
Disney has formally submitted a $71.3 billion bid for 21st Century Fox assets -- a cash-and-stock offer valued at $85.1 billion, including debt. The move comes as Fox's board is to meet today to discuss Comcast's $65 billion bid for the entertainment assets.
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