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Businesses

Walmart In Talks To Buy Vizio For More Than $2 Billion (investing.com) 31

According to the Wall Street Journal, Walmart is in talks to buy TV manufacturer Vizio for more than $2 billion. Shares of Vizio jumped 36% after the report, while Walmart's shares were down about 1%. From the report: Walmart, including its Sam's Club chain, has historically been Vizio's largest customer. Vizio is historically the largest television brand sold at Walmart by sales. The deal talks demonstrate the importance of consumer data and ad space for major retailers as they build out their ad businesses and compete with Amazon. In addition to being an e-commerce behemoth, Amazon is among the biggest ad players in the U.S. behind Google parent Alphabet and Facebook owner Meta Platforms. Amazon has also been building its own smart TV business. Developing...
Movies

Streamer Plex Launches Its Long-Promised Movie Rentals Store (techcrunch.com) 27

Sarah Perez reports via TechCrunch: Fresh on the heels of its $40 million fundraise, streaming media company Plex is today announcing its expansion into a new business: a movie rentals storefront. The addition, which will initially be offered to U.S. customers, will give the streamer another means of generating revenue beyond its subscription products and ad-supported streaming -- a diversification that will prove critical as the ad market continues to be unpredictable.

At launch, the marketplace will offer movies from top studios, including WB, Paramount, MGM, Lionsgate and A24, which means Plex users will be able to rent titles like "Barbie," "Wonka," "Aquaman and the Lost Kingdom," "Mission: Impossible -- Dead Reckoning," "The Color Purple," "Expend4bles," "PAW Patrol: The Mighty Movie," "Hunger Games: The Ballad of Songbirds and Snakes," "Mean Girls" and others. Plex says there will be just over 1,000 titles available to rent starting at $3.99, but the number of titles will grow over time. Titles will also move in and out of windows, so the number of rentals will fluctuate over time, as well. [...]

Once users rent a movie, they have 30 days to watch. After starting the rental, you'll have 48 hours to finish viewing it, similar to other marketplaces. The movie will also appear in the "Continue Watching" section on Plex's home screen if you don't finish watching it upon your first go. The company plans to add more studio partners to its movie rentals store over time, it says. [...] The new movie marketplace will launch across platforms, Plex notes, including its apps on Amazon Fire TV, Apple TV, Android TV/Google TV, Roku, smart TVs (LG, Hisense, Samsung, Sony, VIZIO), game consoles and Apple and Android smartphones and tablets.

Desktops (Apple)

Apple Officially Splits iTunes For Windows Into Apple Music, TV, and Devices Apps (macrumors.com) 31

An anonymous reader quotes a report from MacRumors: The Apple Music, Apple TV, and Apple Devices apps that Apple has been testing for Windows machines have officially launched, ending a long preview period and bringing an end to the iTunes app on some computers. The Apple Music, Apple TV, and Apple Devices app are part of Apple's effort to split iTunes on PC into multiple platforms to mirror how these apps work on Macs. On Windows 10 and later, PC customers can download the three separate apps to manage devices and access Apple Music and Apple TV content. Microsoft first announced plans for Apple Music and Apple TV apps for the Microsoft Store back in October 2022, so the split from iTunes has been in the works for more than a year.

The Apple Music app gives Windows users a way to listen to and manage music from their iTunes library, including iTunes Store purchases, while the Apple TV app allows users to watch and manage movies and TV shows from iTunes. Both of the apps also give access to Apple's streaming services, Apple Music and Apple TV+. The Apple Devices app is designed to allow PC owners to update, back up, and restore and manage their iPhones and iPads, and sync content from their PCs. Using the standalone apps requires Windows 10 or later, and all three apps must be installed to transition away from iTunes. After the apps have been added to a PC, iTunes is used only to access podcasts and audiobooks. The iTunes library should not be deleted, because it is used by the Apple Music and Apple TV apps.

Television

Funimation is Shutting Down, And Taking Your Digital Library With It (theverge.com) 48

Funimation is shutting down on April 2nd, 2024. The anime streaming service will start migrating existing subscribers to Crunchyroll -- a move that will not only affect subscription prices, but will also wipe digital libraries. From a report: A support page on Funimation's website says the service will automatically transfer existing subscribers to Crunchyroll, noting that the transfer "may vary depending on your specific payment platform, subscription type and region." But the page -- unhelpfully -- doesn't say how much subscribers will have to pay following the transition, only that legacy subscribers will see a price increase. You'll have to check your email to see how much you'll have to pay.
Television

Disney Plus' Restrictions on Password Sharing Are Now Rolling Out To US Subscribers (theverge.com) 54

Disney Plus has started to inform subscribers about new changes to its terms of service that will, among other things, make it harder for people to access the service using log-in credentials that aren't actually theirs. From a report:The updated terms come a few months after Disney Plus implemented similar measures for its Canadian subscribers and just days after Hulu sent out similar notices to users about changes to its own TOS and its plans to stop password sharing in the coming weeks. Like Hulu's terms of service, the changes to Disney Plus' agreement are dated January 25th and are already in effect for new customers. Per Disney Plus' emails, existing subscribers can expect the new restrictions to go into effect on March 14th.
Television

Warner, Fox, Disney To Launch Streaming Sports Joint Venture (variety.com) 31

Fox, Warner Bros. Discovery and Disney are planning to launch a new streaming joint venture that will combine all their sports programming "under a single broadband roof," reports Variety. The move "will put content from ESPN, TNT and Fox Sports on a new standalone app and, in the process, likely shake up the world of TV sports." From the report: The three media giants are slated to launch the new service in the fall. Subscribers would get access to linear sports networks including ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, Fox, FS1, FS2, BTN, TNT, TBS, truTV and ESPN+, as well as hundreds of hours from the NFL, NBA, MLB and NHL and many top college divisions. Pricing will be announced at a later date.

Each company would own one third of the new outlet and license their sports content to it on a non-exclusive basis. The service would have a new brand and an independent management team. The concept surfaces as traditional media companies are grappling with the migration of sports -- the last TV format that generates steady crowds and sustained ratings -- to streaming venues.

The concentration of top sports under one roof would be significant. Between them, ESPN and Warner have most rights to the NHL and the NBA, while Fox, Warner and ESPN control at present the majority of rights to Major League Baseball. Only the NFL would enjoy a large presence with entities that are not a part of the joint venture, with "Sunday Night Football" at NBCUniversal, "Thursday Night Football" at Amazon and a Sunday afternoon game at CBS.

Youtube

YouTube Has Become One of the Biggest Pay TV Services in the US (businessinsider.com) 31

Google has been trying to break into TV for close to two decades. It's here now: Its YouTube TV offering has become one of the biggest pay-TV services in the US. Business Insider: YouTube TV -- which, like conventional pay TV, sells a bundle of dozens of channels -- now has "more than 8 million" subscribers, YouTube CEO Neal Mohan announced Tuesday morning. That makes YouTube the fourth-largest pay TV service in the country, behind Charter and Comcast (14.1 million each) and DirecTV, at around 11 million.

YouTube last disclosed subscriber numbers in 2022, when YouTube TV had 5 million customers. It likely got a meaningful boost last fall when it started selling the NFL's Sunday Ticket service as an add-on to its basic package of TV channels. YouTube's ascent into the mainstream of pay TV represents a couple of things. For starters, it shows you that YouTube and its owner Google have been persistent and patient about trying to crack TV, and its enormous twin revenue streams: subscriptions and ads.

Youtube

YouTube Says a Vision Pro App Is 'On the Roadmap' (theverge.com) 21

After declining to allow their iPad app to run on the Vision Pro before launch, YouTube now says it has an app on its roadmap. "We're excited to see Vision Pro launch and we're supporting it by ensuring YouTube users have a great experience in Safari," said YouTube spokesperson Jessica Gibby. "We do not have any specific plans to share at this time, but can confirm that a Vision Pro app is on our roadmap." The Verge reports: Gibby didn't give a date for this roadmap, so we'll have to wait and see what YouTube does here -- it could just tweak the iPad app, or it could do a lot more. One thing YouTube and Apple have not done yet is figure out support for the large library of 360 and VR video on YouTube right now -- YouTube has had 3D support since 2011 and 360 support since 2016, but none of it works on the Vision Pro. (Here I am interviewing Michelle Obama at the White House in 360 in 2016!)

I asked Apple if YouTube's 360 and 3D videos will ever work on the Vision Pro during our review, and Apple spokesperson Jackie Roy basically told me they aren't good enough, saying that "much of this content was created for devices that do not deliver a high-quality spatial experience. In some cases, this content could also cause motion discomfort. We've focused our efforts on delivering the best spatial media experience possible including spatial photos and videos, Apple Immersive Video, and 3D movies available on Apple TV." Tough! I asked YouTube if this new app will support VR and 360 video on the Vision Pro and have not heard back yet.

Social Networks

The Atlantic Warns of a Rising 'Authoritarian Technocracy' (theatlantic.com) 70

In the behavior of tech companies, the Atlantic's executive editor warns us about "a clear and coherent ideology that is seldom called out for what it is: authoritarian technocracy. As the most powerful companies in Silicon Valley have matured, this ideology has only grown stronger, more self-righteous, more delusional, and — in the face of rising criticism — more aggrieved." The new technocrats are ostentatious in their use of language that appeals to Enlightenment values — reason, progress, freedom — but in fact they are leading an antidemocratic, illiberal movement. Many of them profess unconditional support for free speech, but are vindictive toward those who say things that do not flatter them. They tend to hold eccentric beliefs.... above all, that their power should be unconstrained. The systems they've built or are building — to rewire communications, remake human social networks, insinuate artificial intelligence into daily life, and more — impose these beliefs on the population, which is neither consulted nor, usually, meaningfully informed. All this, and they still attempt to perpetuate the absurd myth that they are the swashbuckling underdogs.
The article calls out Marc Andreessen's Techno-Optimist Manifesto for saying "We believe in adventure... rebelling against the status quo, mapping uncharted territory, conquering dragons, and bringing home the spoils for our community..." (The Atlantic concludes Andreessen's position "serves only to absolve him and the other Silicon Valley giants of any moral or civic duty to do anything but make new things that will enrich them, without consideration of the social costs, or of history.")

The article notes that Andreessen "also identifies a list of enemies and 'zombie ideas' that he calls upon his followers to defeat, among them 'institutions' and 'tradition.'" But the Atlantic makes a broader critique not just of Andreessen but of other Silicon Valley elites. "The world that they have brought into being over the past two decades is unquestionably a world of reckless social engineering, without consequence for its architects, who foist their own abstract theories and luxury beliefs on all of us..." None of this happens without the underlying technocratic philosophy of inevitability — that is, the idea that if you can build something new, you must. "In a properly functioning world, I think this should be a project of governments," [Sam] Altman told my colleague Ross Andersen last year, referring to OpenAI's attempts to develop artificial general intelligence. But Altman was going to keep building it himself anyway. Or, as Zuckerberg put it to The New Yorker many years ago: "Isn't it, like, inevitable that there would be a huge social network of people? ... If we didn't do this someone else would have done it."
The article includes this damning chat log from a 2004 conversation Zuckerberg had with a friend:

Zuckerberg: If you ever need info about anyone at Harvard.
Zuckerberg: Just ask.
Zuckerberg: I have over 4,000 emails, pictures, addresses, SNS
Friend: What? How'd you manage that one?
Zuckerberg: People just submitted it.
Zuckerberg: I don't know why.
Zuckerberg: They "trust me"
Zuckerberg: Dumb fucks.'

But the article also reminds us that in Facebook's early days, "Zuckerberg listed 'revolutions' among his interests." The main dangers of authoritarian technocracy are not at this point political, at least not in the traditional sense. Still, a select few already have authoritarian control, more or less, to establish the digital world's rules and cultural norms, which can be as potent as political power...

[I]n recent years, it has become clear that regulation is needed, not least because the rise of technocracy proves that Silicon Valley's leaders simply will not act in the public's best interest. Much should be done to protect children from the hazards of social media, and to break up monopolies and oligopolies that damage society, and more. At the same time, I believe that regulation alone will not be enough to meaningfully address the cultural rot that the new technocrats are spreading.... We do not have to live in the world the new technocrats are designing for us. We do not have to acquiesce to their growing project of dehumanization and data mining. Each of us has agency.

No more "build it because we can." No more algorithmic feedbags. No more infrastructure designed to make the people less powerful and the powerful more controlling. Every day we vote with our attention; it is precious, and desperately wanted by those who will use it against us for their own profit and political goals. Don't let them.
  • The article specifically recommends "challenging existing norms about the use of apps and YouTube in classrooms, the ubiquity of smartphones in adolescent hands, and widespread disregard for individual privacy. People who believe that we all deserve better will need to step up to lead such efforts."
  • "Universities should reclaim their proper standing as leaders in developing world-changing technologies for the good of humankind. (Harvard, Stanford, and MIT could invest in creating a consortium for such an effort — their endowments are worth roughly $110 billion combined.)"

Displays

James Cameron Loves Apple's Vision Pro. But Will It Be Addictive? (vanityfair.com) 127

James Cameron tells Vanity Fair's Nick Bilton that his experience with Apple's Vision Pro "was religious. I was skeptical at first. I don't bow down before the great god of Apple, but I was really, really blown away... I think it's not evolutionary; it's revolutionary. And I'm speaking as someone who has worked in VR for 18 years." He explained that the reason it looks so real is because the Apple Vision Pro is writing a 4K image into my eyes. "That's the equivalent of the resolution of a 75-inch TV into each of your eyeballs — 23 million pixels." To put that into perspective, the average 4K television has around 8 million pixels. Apple engineers didn't slice off a rectangle from the corner of a 4K display and put it in the Apple Vision Pro. They somehow compressed twice as many pixels into a space as small as your eyeball. This, to people like Cameron who have been working in this space for two decades, "solves every problem."

But even with all this wonder, with 23 million pixels that are so clear and crisp that you can't tell reality from a digital composite of it.... the more I've used the Apple Vision Pro over the past two weeks, the more one glaring problem revealed itself to me. It's not the weight (which is a problem but will come down over time), or the size (which will shrink with each iteration), or the worry that it will drive us to consume more content alone (almost half of Americans already watch TV alone). Or how tech giants like Meta, Netflix, Spotify, and Google are currently withholding their apps from the device. (Content creators may come around once the consumers are there, and some, like Disney, are already embracing the device, making 150 movies available in 3D, including from mega-franchises like Star Wars and Marvel.) And it's not even the price, because if Apple wanted to, the company could subsidize the cost of the Apple Vision Pro and it would have about as much financial impact as Cook losing a nickel between his couch cushions.

I'm talking about something that I don't see a solution for... I can see a day when we all can't imagine living without an augmented reality. When we're enveloped more and more by technology, to the point that we crave these glasses like a drug, like we crave our iPhones today but with more desire for the dopamine hit this resolution of AR can deliver. I know deep down that the Apple Vision Pro is too immersive, and yet all I want to do is see the world through it. "I'm sure the technology is terrific. I still think and hope it fails," one Silicon Valley investor said to me. "Apple feels more and more like a tech fentanyl dealer that poses as a rehab provider." Harsh words, but he feels what we all feel, a slave to our smartphone, and he's seen this play before and he knows what the first act is like, and the second act, and he knows how it ends.
  • Political blogger Taegan Goddard says the Vision Pro "offers a glimpse of how we might use computers in the future. If you're skeptical — and many people are — you need to try it before drawing any conclusions. It's hard to explain unless you've worn it. But I can assure you, it's mind-blowing."
  • Apple CEO Tim Cook tells Bilton "You can actually lay on your sofa and put the displays on your ceiling if you wish. I watched the third season of Ted Lasso on my ceiling and it was unbelievable!"
  • Dan Ives, a senior analyst at the investment firm Wedbush Securities, tells Bilton, "We think a few years from now it'll resemble sunglasses and be less than $1,500."

Android

Amazon Confirms Fire TV Is Dropping Android (9to5google.com) 43

According to a job listing spotted by AFTVNews, Amazon makes it clear that the company plans to ditch Android for its own "VegaOS" operating system. "The new platform is said to rely on React Native and would require new apps to be built," reports 9to5Google. From the report: As spotted by AFTVNews, a job listing from Amazon was looking for a "Fire TV Experience Software Development Engineer." The job listing's description makes it abundantly clear that a key part of the role is focused on the transition from Android to the rumored "VegaOS," because it quite literally says that's what is happening, with Amazon saying that Fire TV is transitioning from "FOS/Android" (Fire OS/Android) to "native/Rust" and even explicitly mentioning React Native. The listing, which has since been removed, provides extremely strong evidence of Amazon's plans, which is probably why it was so quickly removed.
Software

Apple Vision Pro To Launch With Over 600 Apps and Games (techcrunch.com) 83

An anonymous reader quotes a report from TechCrunch: The pace is picking up for the Apple Vison Pro apps ahead of the spatial computing device's Friday launch as developers ready their apps for the new platform. While just last week, only 150-plus apps had been specifically designed for the Vision Pro so far, according to a third-party analysis of the App Store, Apple announced today that more than 600 new apps and games are being readied for the Vison Pro ahead of its debut. These join the more than 1 million already compatible apps across iOS and iPadOS, the company says. [...]

The company says more than 600 apps and games have been designed to take advantage of the Vision Pro's capabilities and its 3D user interface that's navigated using your eyes, hands and voice. Several streaming apps have already announced their support, including Disney+, ESPN, MLB, PGA Tour, Max, Discovery+, Amazon Prime Video, Paramount+, Peacock, Pluto TV, Tubi, Fubo, Crunchyroll, Red Bull TV, IMAX, TikTok and MUBI. The PGA Tour Vision app offers a golf game with real-time shot tracking across models of real golf courses, while the NBA app will allow streaming up to five broadcasts live or on-demand at once, Apple notes. Red Bull TV will include 3D maps of races. Soccer fans will also be able to stream MLS Season Pass via Apple's own Apple TV app. That app will offer access to Apple's Originals, more than 200 3D movies and Apple Immersive Video.

Youtube

YouTube Says It Has More Than 100 Million Premium and Music Subscribers (variety.com) 48

YouTube has announced it has surpassed 100 million YouTube Music and YouTube Premium subscribers globally. Variety reports: The 100 million figure includes uses who are on free trials, according to YouTube. The company didn't break down how many are on YouTube Music versus YouTube Premium, the subscription service for ad-free viewing, background listening, offline video downloads and full access to YouTube Music. In November 2022, the company said YouTube Music and YouTube Premium topped 80 million paying subscribers combined.

The announcement comes after Alphabet, in reporting fourth-quarter 2023 earnings, boasted that YouTube and Google subscription services generated more than $15 billion in revenue last year. That includes YouTube Premium and YouTube Music, as well as YouTube TV and Google One cloud storage.

Youtube

YouTube TV's Now Lets You Customize Your Multiview Experiences (theverge.com) 21

Google has confirmed to Cord Cutters News that you can now customize what games you can watch in your Multiview window. The keyword here is "games" because this feature is still limited to just sporting events at this time. From the report: One of YouTube TV's best features is the ability to offer the option to watch up to four sporting or news events at once on the same screen. The only downside has been the fact that customers have been unable to pick what games are in these windows. Instead, YouTube TV gives you a number of premade multiview options to pick from. Now, though, YouTube TV seems to be testing your ability to pick what games you want on your TV.

Yesterday, YouTube TV started to give some NBA League Pass subscribers the ability to pick which games they want to watch from a handful of games in a list. From there, YouTube TV would create a multiview channel for you to watch the games you pick. Google says this feature is coming to all devices that support multiview and you can only create these channels from preselected NBA games. Sadly, you can't pick any channel you want but only from a list of preselected games to create your own multiview channel.

Television

Halo's Trailer for Season 2 Teases More Covenant (youtube.com) 30

Halo — the TV series — launches its second season on February 8th. But today a trailer premiered during halftime of the pre-Super Bowl football playoff.

Gizmodo reports: Even though the Covenant are the other side of Halo's ongoing conflict, the first season of Paramount+'s TV series largely represented them through a human proxy named Makee. With the upcoming second season, the coalition of alien races is set to become a more prominent threat, and that means they'll be getting more proper screentime.
IGN had written that Season 1 "isn't a perfect adaptation of the games, but it ultimately succeeds in expanding the series' mythology and taking a more character-driven approach to Master Chief's adventures." This week Paramount+ also released a 28-minute compilation of "Epic Battle Scenes from Season 1, a season which reportedly cost $200 million to film.

And now the entertainment site Collider reports on what comes next: While on the set for Halo Season 2, Collider's Steve Weintraub and some other reporters got the chance to sit down with stars Schreiber and Kate Kennedy to discuss how the show will further flesh out the Covenant in the upcoming episodes. Part of that involves expanding their arsenal with new vehicles like the corvette, a class of ships used in the Halo canon by the Covenant for reconnaissance, stealth, and much more. Kennedy placed it among her favorite Season 2 set designs, saying... "It's huge, and what the set guys did for it, and the art department, is really, really impressive. They turned it around so quickly, and it's, like, awe-inspiring, it's huge."

Aside from making the Covenant more formidable, Season 2 will also focus on making them more understandable. Part of that involves diving into the thought process of key players within the alien faction, including two that Schreiber could tease. "Yeah, we definitely go into the Covenant mind-state, mentality," he said... In future seasons, Schreiber believes Halo will only continue to develop the Covenant, their motives, and the relationships and allegiances within the coalition as the story of intergalactic war unfolds.

Television

Netflix Adds Generative AI To Competitive Risk Factors in Its Annual Report (variety.com) 18

In a change that reflects AI's growing influence -- and potentially disruptive power -- in Hollywood, Netflix added generative AI to the list of potential risk factors on its annual report filed with the SEC. From a report: In Netflix's 10-K report filed Friday, it added this new section to the long section of risk factors (which are required under SEC rules) in the section about video competition: "[N]ew technological developments, including the development and use of generative artificial intelligence, are rapidly evolving. If our competitors gain an advantage by using such technologies, our ability to compete effectively and our results of operations could be adversely impacted."

Netflix also added this wording: "In addition, the use or adoption of new and emerging technologies may increase our exposure to intellectual property claims, and the availability of copyright and other intellectual property protection for AI-generated material is uncertain." Aside from those two sections, the risk factors on Netflix's 10-K for 2023 -- totaling some 10,000 words -- remained largely the same. To be sure, the changes here are very small, in the grand scheme of things. And keep in mind that these are all the potential risk factors that companies like Netflix must communicate to investors.

Piracy

Streaming Pirates Are Hollywood's New Villains (bloomberg.com) 160

Illegal subscription services that steal films or TV shows bring in $2 billion a year in ads and subscriber fees (non-paywalled link). From a report: Ever since taking on Netflix at its own game, old Hollywood has struggled to turn a profit in streaming, with the likes of Disney+, Peacock and Paramount+ losing billions of dollars each year, sparking concerns on Wall Street that the services will never be as profitable as cable once was. But the age of streaming has been a boon for some unintended winners: pirates that use software to rip a film or television show in seconds from legitimate online video platforms and host the titles on their own, illegitimate services, which rake in about $2 billion annually from ads and subscriptions.

With no video production costs, illicit streaming sites such as myflixer and projectfreetv have achieved profit margins approaching 90%, according to the Motion Picture Association, a trade group representing Hollywood studios that's working to crack down on the thousands of illegal platforms that have cropped up in recent years. Initially the rise of legitimate online businesses such as Netflix actually helped curb digital piracy, which had largely been based on file uploads. But now piracy involving illegal streaming services as well as file-sharing costs the US economy about $30 billion in lost revenue a year and some 250,000 jobs, estimates the US Chamber of Commerce's Global Innovation Policy Center. The global impact is about $71 billion annually.

In the US, which counts almost 130 subscription piracy sites, the MPA estimates that the top three combined have about 2 million users paying $5 to $10 per month for films, TV shows and live sports. Analysts say the user number could soar as the cost of subscriptions from legitimate companies such as Walt Disney approach $20 per month as they seek to bolster the finances of their streaming platforms. "Some of these pirate websites have gotten more daily visits than some of the top 10 legitimate sites," says Karyn Temple, the MPA's general counsel. "That really shows how prolific they are."

Television

Netflix is Going To Take Away Its Cheapest Ad-Free Plan (theverge.com) 105

Although Netflix no longer allows new or returning members to sign up for the ad-free Basic subscription that costs $11.99 per month, company executives told investors while reporting its earnings results today that it's retiring the plan in some countries where ad-supported plans are available. It's starting with Canada and the UK in the second quarter of this year. From a report: That leaves subscribers with Netflix's $15.49 per month option as Netflix's cheapest ad-free plan. Going from $11.99 to $15.49 per month is a pretty big jump, and means there's really no middle ground for ad-free plans. Otherwise, subscribers will have to pay $6.99 per month for its ad-supported basic plan or $22.99 per month for the Premium tier. Netflix stopped letting new subscribers sign up for its Basic plan in Canada last year before rolling out the change to the US and UK.
Businesses

Netflix Buys Rights To WWE's 'Raw,' Its First Big Live Event (bloomberg.com) 80

Netflix has acquired the exclusive rights to Raw as well as other programming from World Wrestling Entertainment, marking the streaming service's first big move into live events. From a report: Raw will air on Netflix in the US, Canada, Latin America and other international markets beginning in January 2025, after the expiration of the WWE's domestic deal with Comcast. The company will also become the exclusive home outside the US for all WWE shows and specials, including Smackdown and NXT, as well as pay-per-view live events like Wrestlemania, SummerSlam and Royal Rumble. The pay-per-view events will be included at no additional cost for Netflix customers.

After attracting more than 200 million customers by offering films and TV shows on-demand, Netflix has now committed to offering three hours of live wrestling a week starting next year. The company hopes the deal will bring in millions of loyal WWE viewers and provide a boost for its fledgling advertising-supported plan. Netflix has been dabbling in live events for the last year, airing a live comedy special, as well as a golf match, but this is the first long-term rights deal. The WWE is the latest major live event to shift from cable TV to streaming. Ultimate Fighting Championship, which like WWE is owned by TKO Group Holdings, offers many of its matches on ESPN+, while the National Football League sold Amazon the rights to Thursday Night Football. A playoff game on Comcast's Peacock just delivered the largest streaming audience for any professional sports event in the US.
The deal 10-year deal is valued at more than $5 billion, CNBC reported.
Businesses

Sony Ends $10 Billion Merger With India Media Giant Zee (reuters.com) 3

Sony has scrapped plans for a $10 billion merger of its Indian unit with Zee Entertainment, "ending a deal that could have created one of the South Asian nation's biggest TV broadcasters," reports Reuters. From the report: The collapse of the deal in content-hungry India creates more uncertainty for TV broadcaster Zee in particular as competition heats up, with Disney, also seeking to merge its Indian businesses with the media assets of billionaire Mukesh Ambani's Reliance. Zee told Indian stock exchanges Sony was seeking $90 million in termination fees for alleged breaches of their merger agreement and emergency interim relief by "invoking arbitration." Zee said it denies all claims made by Sony and would take appropriate legal action. Sony said in a statement certain "closing conditions" to the merger were not satisfied despite "good faith discussions" with Zee, and the companies had been unable to agree upon an extension by their Jan. 21 deadline.

"After more than two years of negotiations, we are extremely disappointed ... We remain committed to growing our presence in this vibrant and fast-growing market," it added. While neither Sony nor Zee elaborated on Monday on which conditions had been unfulfilled, a stalemate over who will lead the combined company had put the merger in danger. Zee had proposed that CEO Punit Goenka take the helm, but Sony balked after he became the subject of an investigation by India's market regulator. Zee said on Monday Goenka had been "agreeable to step down in the interest of the merger." A source with direct knowledge however said Sony was not keen to proceed unless Goenka backed out before the closure of the merger, rather than after the deal had been sealed as he had proposed.

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