Discovery Communications' $14.6 billion takeover of Scripps Networks has put the company in a position to become a media powerhouse. Discovery CEO David Zaslav says that globalizing Scripps content is the company's focus now that the deal has closed, explaining, "For us, we think that there's a real chance for us to be a major player around the world in real-life entertainment."
Comcast says that 76% of households with the X1 platform tuned in to some Olympics coverage, outpacing the 65% figure nationwide. The company also found that the X1 voice remote was used over 14 million times to find and navigate Olympics content and that the average home consumed 19.3 hours of programming via X1.
An AT&T-Time Warner merger would lead to a total price increase of $436 million annually, the Justice Department's trial brief states. AT&T has rebuffed the claim and noted that even if the figure were accurate, it would mean a customer's bill would increase by just 45 cents per month.
Facebook and Amazon are poised to become major players in the battle for sports rights thanks to their large budgets and sizable audiences, GBH Insights executive Daniel Ives predicts. "[I]n 2021, the year when the NFL, MLB and NHL media rights deals mostly end, will be the first major opportunity for Amazon, Facebook and other major tech streaming platforms to potentially bid on some of these rights," he notes.
Lexus has partnered with CNN to produce a sponsored editorial series, "Masters of Experience," which will focus on innovations in luxury brands. The series will include six videos, as well as eight multimedia features, and will run across CNN's digital platforms.
SoftBank's Sprint Communications could be preparing to put in a bid for Charter Communications, reports indicate. SoftBank has reportedly purchased 5% of Charter stock recently; Charter rejected a $540-per-share offer from the company last summer.
James Pitaro is getting ready to head up ESPN, and his first priority is to mend the network's relationship with the NFL, sources say. The relationship between the league and the network has reportedly worsened since the NFL signed a deal with Fox for "Thursday Night Football" that included draft coverage, which ESPN has been overseeing for decades.