iQiyi, China’s equivalent of Netflix, is expected to be valued between $8 billion to $10 billion. As per a source with direct knowledge of the plans, iQiyi, Baidu Inc’s video streaming service, is eyeing a IPO in the United States,… Read More ›
Netflix
CBS acquires Australian broadcaster Ten Network Holdings Ltd
Since the deal involves Ten Network piling on more debt, it will be subject to scrutiny by its existing creditors and by Australia’s Foreign Investment Review Board. On Monday, in a significant development, the owner of the most watched… Read More ›
Netflix zooms past analysts’ expectation riding on cable business alliances
Alliances with former foes have been instrumental in its phenomenal growth in the U.S. and overseas. In a development that underscores a tactical shift in the U.S. cable business, a growing number of operators are forming business alliances with their… Read More ›
Viacom bids $10.6 billion for Scripps Networks Interactive
While the all-cash deal could potentially downgrade Viacom’s investment grade rating, which is already at the lowest level, it can also act as a cost saving measure and give it more headroom during negotiations with cable and satellite providers. According… Read More ›
Amazon likely to charge $2.8 million for 30 second ad packages for NFL
Although it is unclear whether Amazon will be able to reach its targeted ads target at its intended price, or whether this effort will generate it any profit, one has to keep in mind that the e-commerce giant has traditionally… Read More ›
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