WarnerMedia's TBS and TNT have secured first-look agreements with Olive Productions, which is partially backed by Steve Buscemi, to develop comedy and drama shows for the networks. The deals will last for two years and include both scripted and unscripted programs.
Netflix has changed "nothing" in its competitive strategy in the wake of Disney's entrance into the subscription video-on-demand market, Chief Content Officer Ted Sarandos told analysts saying, "it's "the exact same players, the exact same content." Sarandos also said that Netflix may eventually offer only original content as the major studios take back their content.
Five additional US Representatives and one more Senator have pledged their support for the National Association of Broadcasters' Local Radio Freedom Act, bringing the total number of lawmakers in favor of the legislation to 200. The act opposes the implementation of further royalty taxes on radio stations for airing musical content.
Cox Media Group is backing Houston morning radio host Kevin Kline as he raises funds for his non-profit "Snowdrop Foundation" by asking people to sponsor him on a 300-mile Arctic Circle run, during which he will carry the photos of some 1,750 children with cancer. Funds raised will benefit patients of Texas Children's Hospital.
The subscriber base for Mediacom Communications' 1 Gig Internet, which provides gigabit broadband, has passed 50,000 in two years, the cable company said. Mediacom is expected to begin testing a 10 Gig symmetrical platform next year, technology it developed in partnership with NCTA--The Internet & Television Association as well as other tech organizations.
The Communications Subcommittee of the House Committee on Energy and Commerce unanimously cleared legislation that would extend the Satellite Television Extension and Localism Act Reauthorization law and add a retransmission fee provision mandating that broadcasters bargain in good faith with collectives of smaller operators. Republicans who verbally dissented from parts of the measure agreed to allow the entire Commerce Committee to hash out a final version.
Lawmakers have recently introduced several bills in Congress aimed at bringing high-speed broadband service to more communities. State officials and advocates analyzed the potential effectiveness of three proposals: The Broadband Speed Act, The Community Broadband Mapping Act and The Broadband Parity Act.
The Federal Communications Commission has released an additional $13.5 million in Connect America Fund II grants for rural broadband projects in three states. The agency allocated more than $1.9 million to Hankins Information Technology in California and about $11.6 million to Newmax for builds in Idaho and Washington.
Verizon Media has partnered with MGM Resorts International to offer live betting on Yahoo Sports through the BetMGM platform for anyone who is in New Jersey, the only state that allows sports wagering through remote mobile apps. The Verizon unit has created Yahoo Sportsbook for those of legal age with plans to expand to other states when the laws allow.
Viacom CEO Bob Bakish spelled out the streaming strategy after the company merges with CBS telling CNBC that it will employ a "multi-pronged" plan of selling content to third parties as well as retaining programming for its own streaming services such as CBS All Access and Showtime.
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