Tag Archives: Entertainment Production (TRBC)

Apple, Netflix pull out of South by Southwest pageant amid

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The brand of U.S. expertise firm Apple is seen at a department workplace in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann

(Reuters) – Apple Inc and Netflix Inc stated they had been pulling out of the South by Southwest music and tech pageant to be held later this month, amid the coronavirus outbreak.

The U.S. dying toll from coronavirus infections rose to 11 on Wednesday and California Governor Gavin Newsom declared a statewide emergency amid the nation’s largest outbreak.

Fb Inc had stated earlier this week it could not take part within the pageant.

Representatives of the occasion didn’t instantly reply to a request for remark.

Organizers of the South by Southwest music and tech pageant, set to be held in Austin, Texas, had stated final month the occasion would proceed as deliberate regardless of “a handful” of cancellations associated to the virus.

The outbreak has disrupted different tech conferences and gatherings, together with the Cellular World Congress in Barcelona and Google’s annual developer occasion, Google I/O. Corporations have additionally modified their work and journey plans.

IBM stated on Wednesday its developer convention ‘IBM Suppose 2020’ could be an internet occasion and happen from Could 5-7.

The corporate stated it has issued new journey restrictions by means of the top of March.

Reporting by Rama Venkat and Bharath Manjesh in Bengaluru and Stephen Nellis in San Francisco; Modifying by Maju Samuel and Vinay Dwivedi

Our Requirements:The Thomson Reuters Belief Rules.

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Vivendi set to widen authorized battle in opposition to Mediaset past Italy: sources

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MILAN (Reuters) – Vivendi (VIV.PA) is taking steps to widen its authorized battle in opposition to Mediaset (MS.MI) past Italy, in a transfer that signifies the French media group has not liquidated its stake within the Italian broadcaster, two sources near the matter stated.

FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan, Italy, April 7, 2016. REUTERS/Stefano Rellandini

A deadline expired at midnight on Saturday for Vivendi to train the correct to liquidate its stake in Mediaset in mild of a company overhaul that may see the Italian broadcaster merge its home and Spanish companies below a Dutch holding firm.

Vivendi on Sunday declined to touch upon whether or not or not it had exercised its withdrawal proper as a shareholder.

Nonetheless, the plan to broaden the authorized entrance by submitting fits in opposition to Mediaset additionally in Spain and the Netherlands signifies Vivendi has chosen to not promote the stake and as an alternative opted for sticking with a court docket battle, the sources stated.

Mediaset and Vivendi have been locked in a authorized battle since falling out over a failed pay-TV deal again in 2016.

After the aborted sale, the French conglomerate owned by billionaire Vincent Bollore constructed a 29% stake in Mediaset – a holding thought of illegitimate by the group managed by the household of former Italian Prime Minister Silvio Berlusconi.

Regardless of Vivendi’s opposition, Mediaset this month received shareholder approval to create a pan-European media group in a bid to pursue continental alliances with rivals and fend off rising competitors from streaming companies equivalent to Netflix (NFLX.O) or Amazon Prime Video (AMZN.O).

Vivendi, which has plans of its owns to change into a European media powerhouse, on the time vowed to problem the overhaul in court docket.

Shares in Mediaset on Friday closed at 2.761 euros every, barely under the worth of two.77 euros at which Vivendi was entitled to promote its stake again to Mediaset had it determined to go for the door.

Nonetheless, promoting the stake would have translated right into a lack of round 320 million euros for the French group.

Some sources have stated up to now Bollore would possibly favor to remain on as an investor within the hope that court docket rulings in his favor might finally enable him to extend his sway over Mediaset.

Reporting by Elvira Pollina in Milan, further reporting by Gwenaelle Barzic in Paris, writing by Valentina Za, enhancing by Deepa Babington

Our Requirements:The Thomson Reuters Belief Ideas.

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Apple to reveal streaming service prices while iPhones on ‘holding pattern’ until 5G

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(Reuters) – Apple Inc (AAPL.O) is set on Tuesday to announce pricing for its forthcoming streaming TV service as well as updates to its iPhone lineup, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.

FILE PHOTO: A demonstration of the newly released Apple products is seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. September 12, 2018. REUTERS/Stephen Lam

The annual upgrade to the iPhone is expected to include new camera features but few big changes, with Apple in a “holding pattern” until it rolls out 5G phones with faster mobile data speeds next year, analysts said. Instead, services like the television content featuring the likes of Oprah Winfrey that will compete with Netflix Inc (NFLX.O) and Walt Disney Co (DIS.N) could take center stage.

While the iPhone still makes up more than half of Apple’s sales, Tuesday’s event may nudge it off center stage after a decade in the limelight.

Apple long boasted about its competitive advantage over rivals such as Samsung Electronics Co Ltd (005930.KS), which makes handsets, or Alphabet Inc’s Google (GOOGL.O), which provides the Android operating system for most of the world’s phones. Apple touted controlling both the hardware and software, resulting in polished products that commanded premium prices and captured most of the smart phone industry’s profits.

But at the fall event at 10 a.m. PT (1700 GMT) in the Steve Jobs Theater in Cupertino, California, typically Apple’s splashiest and dedicated to its flagship devices, Apple is cementing a third element to its focus: hardware, software and services.

The new strategy, which Apple hinted at an event in March where it gave some details about the streaming TV service, comes as iPhone sales have declined year-over-year for the past two fiscal quarters and investors are fixed on the growth potential for services.

Questions about how Apple will price its television service, and whether it will bundle it with its streaming music products, will weigh on the minds of Wall Street and analysts just as much as whether the Apple TV hardware box gets an upgrade or how many cameras the iPhone has. Apple has not yet given a specific launch date or price.

“This is the first time we’ll get to see Apple’s strategy with all three parts of the business,” said Ben Bajarin, an analyst with Creative Strategies.

With streaming content, Apple is entering a crowded field. Since Apple’s initial television event in March, rivals like Walt Disney Co (DIS.N) have since announced a $6.99 per month service that will contain that firm’s iconic children’s content.

With no historic library of television content of its own, Apple will sell its own service – Apple TV+ – even as it already serves as a reseller of other channels like HBO and, analysts believe, takes a cut of sales. Bajarin said Apple’s challenge is to persuade consumers that its family of devices, from its set-top box to phones, are the best one-stop place to watch shows, despite the fact that Netflix has yet to come on board with the integrated viewing system. (Netflix remains available as a standalone app on Apple devices, and its shows appear in search results in the Apple TV app.)

“Netflix is sort of gaping void” in the Apple TV app “but they’ve got Amazon and all the channels on board,” Bajarin said. “The vast majority of content providers are playing nice with Apple TV.”

Apple is also likely to unveil updates to the iPhone and Apple Watch. Analysts expect the iPhone to feature better cameras, and perhaps new chips to help handle the work of sensors on the device, but few new blockbuster features. Those are not expected until next year, when Apple is expected to have a 5G device capable to taking advantage of faster mobile data networks.

“I believe we are in an incremental holding pattern until 5G. Customers with iPhone X and beyond likely won’t have a reason to upgrade,” said Patrick Moorhead of Moor Insights & Strategy.

In terms of pricing, most analyst expect prices to remain unchanged from the last year’s models, between $749 and $1,099 depending on size and features. Apple makes much of its profits on selling memory upgrades to devices with larger storage capacity, and Moorhead said falling memory chip prices could help Apple absorb the cost of tariffs on Chinese-made goods, which are expected to hit mobile phones starting Dec. 15.

“Thankfully storage and memory prices have declined so instead of taking more profit, I see Apple eating the cost and not raising prices,” Moorhead said. “I can also see Apple leaning heavily on its supply chain to eat some of the cost.”

Reporting by Stephen Nellis; Editing by Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

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Apple to reveal streaming service prices while iPhones on ‘holding pattern’ until 5G

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(Reuters) – Apple Inc (AAPL.O) is set on Tuesday to announce pricing for its forthcoming streaming TV service as well as updates to its iPhone lineup, as the tech giant reaches a turning point where it focuses as much on services as its hardware and software.

FILE PHOTO: A demonstration of the newly released Apple products is seen following the product launch event at the Steve Jobs Theater in Cupertino, California, U.S. September 12, 2018. REUTERS/Stephen Lam

The annual upgrade to the iPhone is expected to include new camera features but few big changes, with Apple in a “holding pattern” until it rolls out 5G phones with faster mobile data speeds next year, analysts said. Instead, services like the television content featuring the likes of Oprah Winfrey that will compete with Netflix Inc (NFLX.O) and Walt Disney Co (DIS.N) could take center stage.

While the iPhone still makes up more than half of Apple’s sales, Tuesday’s event may nudge it off center stage after a decade in the limelight.

Apple long boasted about its competitive advantage over rivals such as Samsung Electronics Co Ltd (005930.KS), which makes handsets, or Alphabet Inc’s Google (GOOGL.O), which provides the Android operating system for most of the world’s phones. Apple touted controlling both the hardware and software, resulting in polished products that commanded premium prices and captured most of the smart phone industry’s profits.

But at the fall event at 10 a.m. PT (1700 GMT) in the Steve Jobs Theater in Cupertino, California, typically Apple’s splashiest and dedicated to its flagship devices, Apple is cementing a third element to its focus: hardware, software and services.

The new strategy, which Apple hinted at an event in March where it gave some details about the streaming TV service, comes as iPhone sales have declined year-over-year for the past two fiscal quarters and investors are fixed on the growth potential for services.

Questions about how Apple will price its television service, and whether it will bundle it with its streaming music products, will weigh on the minds of Wall Street and analysts just as much as whether the Apple TV hardware box gets an upgrade or how many cameras the iPhone has. Apple has not yet given a specific launch date or price.

“This is the first time we’ll get to see Apple’s strategy with all three parts of the business,” said Ben Bajarin, an analyst with Creative Strategies.

With streaming content, Apple is entering a crowded field. Since Apple’s initial television event in March, rivals like Walt Disney Co (DIS.N) have since announced a $6.99 per month service that will contain that firm’s iconic children’s content.

With no historic library of television content of its own, Apple will sell its own service – Apple TV+ – even as it already serves as a reseller of other channels like HBO and, analysts believe, takes a cut of sales. Bajarin said Apple’s challenge is to persuade consumers that its family of devices, from its set-top box to phones, are the best one-stop place to watch shows, despite the fact that Netflix has yet to come on board with the integrated viewing system. (Netflix remains available as a standalone app on Apple devices, and its shows appear in search results in the Apple TV app.)

“Netflix is sort of gaping void” in the Apple TV app “but they’ve got Amazon and all the channels on board,” Bajarin said. “The vast majority of content providers are playing nice with Apple TV.”

Apple is also likely to unveil updates to the iPhone and Apple Watch. Analysts expect the iPhone to feature better cameras, and perhaps new chips to help handle the work of sensors on the device, but few new blockbuster features. Those are not expected until next year, when Apple is expected to have a 5G device capable to taking advantage of faster mobile data networks.

“I believe we are in an incremental holding pattern until 5G. Customers with iPhone X and beyond likely won’t have a reason to upgrade,” said Patrick Moorhead of Moor Insights & Strategy.

In terms of pricing, most analyst expect prices to remain unchanged from the last year’s models, between $749 and $1,099 depending on size and features. Apple makes much of its profits on selling memory upgrades to devices with larger storage capacity, and Moorhead said falling memory chip prices could help Apple absorb the cost of tariffs on Chinese-made goods, which are expected to hit mobile phones starting Dec. 15.

“Thankfully storage and memory prices have declined so instead of taking more profit, I see Apple eating the cost and not raising prices,” Moorhead said. “I can also see Apple leaning heavily on its supply chain to eat some of the cost.”

Reporting by Stephen Nellis; Editing by Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

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Vivendi in talks to promote 10% of Common Music Group to Tencent

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PARIS (Reuters) – Vivendi (VIV.PA) is in talks to promote a 10% stake in its prized and profitable Common Music Group (UMG) to Chinese language tech firm Tencent (0700.HK) because it seeks to develop its presence in Asia.

FILE PHOTO: The emblem of Common Music Group (UMG) is seen at a constructing in Zurich, Switzerland July 25, 2016. REUTERS/Arnd Wiegmann/File Photograph – RC1EE289B960

UMG is the world’s largest music label forward of Sony Music Leisure and Warner Music, and is dwelling to artists similar to Girl Gaga, Taylor Swift, Drake and Kendrick Lamar.

The French media conglomerate stated on Tuesday that the deal would give UMG a preliminary fairness valuation of 30 billion euros ($33.6 billion) – higher than some had forecast – and that Tencent had an possibility to purchase an additional 10% of UMG.

Vivendi shares surged 7% as analysts welcomed the progress made on the sale of a stake in UMG and the valuation.

A cope with Tencent would increase UMG’s presence within the tightly managed Chinese language market and match nicely with the Chinese language firm’s Tencent Music Leisure (TME.N) unit.

“The valuation seems to be good, and the progress made on the UMG deal can also be optimistic,” stated Gregory Moore, fund supervisor at Keren Finance, which owns Vivendi shares.

Vivendi’s Chief Government Officer Arnaud de Puyfontaine stated final month that proceeds of the sale of as much as 50% of UMG can be used for bolt-on acquisitions and “vital” share buybacks.

Managed by billionaire Vincent Bollore, Vivendi is in search of to money in on the rising public thirst for subscription and ad-based music streaming companies, which have propelled UMG’s income over the past 4 years.

“Along with Tencent, Vivendi hopes to enhance the promotion of UMG’s artists, with whom UMG has created the best catalog of recordings and songs ever, in addition to establish and promote new abilities in new markets,” Vivendi stated in an announcement.

Vivendi first informed markets it might promote a part of UMG a 12 months in the past however had made little progress till asserting final month that it had chosen funding banks to begin a proper sale means of a minority stake, which must be finalised by the beginning of subsequent 12 months.

Funding banks have estimated the enterprise is value something between 17 billion to 44 billion euros.

Vivendi additionally stated on Tuesday that it was persevering with the method to promote additional minority stakes in UMG to different companions.

($1 = 0.8925 euros)

Reporting by Sudip Kar-Gupta; Enhancing by Kirsten Donovan

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CBS stations go dark for DirecTV customers amid contract dispute with AT&T

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FILE PHOTO: An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni

(Reuters) – CBS Corp (CBS.N) and AT&T Inc (T.N) failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming.

CBS television stations in over a dozen U.S. cities, including New York and Los Angeles, went dark for DirecTV customers effective 0200 ET (0600 GMT), CBS said in a statement on Saturday.

“While we continue to negotiate in good faith and hope that AT&T agrees to fair terms soon, this loss of CBS programming could last a long time,” CBS added, as the companies blamed one another for the deal’s collapse.

CBS, the network with hit shows like “NCIS” and “The Late Show with Stephen Colbert” is directing customers to a website called “KeepCBS.com”, where they are urged to mail, call or post messages onto DirecTV’s social media pages.

In a separate statement AT&T said that they “were willing to continue to negotiate and also offered to pay CBS an unprecedented rate increase.”

In March, AT&T renewed its contract with Viacom Inc (VIAB.O) avoiding a blackout of MTV, Nickelodeon and Comedy Central for users of the telecom carrier’s pay TV service DirecTV.

CBS had informed its users on Tuesday that they should be prepared for a blackout from June 19, unless an agreement was reached with AT&T.

Reporting by Maria Ponnezhath in Bengaluru; Editing by Stephen Powell

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