Later today, the collective eyes of the sports world will be fixated on game 1 of the World Series pitting the Chicago Cubs against the Cleveland Indians. As many have pointed out, the 2016 World Series matchup was seemingly lifted out of a movie as both the Cubs and the Indians currently sport the longest World Series championship droughts in the majors. The Indians haven’t won a title in 67 years but the hapless Cubs have it way worse, without a title to their name in 107 long and frustrating seasons.
Netflix and AT&T/Time Warner are set to go to war. Fresh from its $80 billion takeover of Time Warner, AT&T has announced an internet-only streaming service, DirecTV, that is aimed squarely at Netflix subscribers.
That would always be seen as a threat by Netflix CEO Reed Hastings. But after AT&T’s takeover of Time Warner, the company now owns big-name content producers like HBO and CNN, and the internet pipes that deliver those to the consumer. That’s a dangerous combination.
AT&T just announced that DirecTV, the internet-only streaming service coming next month, will include upwards of 100 channels for $35 per month. AT&T CEO Randall Stephenson made the announcement on stage at the WSJ.D Live conference.
Worryingly for Netflix (and the future of net neutrality), Stephenson also said that the $35 per month will include unlimited mobile data so you can watch any of your channels on the go.
Remember last week when Samsung was hit with a class action lawsuit over “economic injuries” resulting from the Galaxy Note 7 fiasco? At the time we told you it would be the first of many suits filed as a result of Samsung’s defective Note 7 and the company’s mishandling of the ensuing global recall(s). More lawsuits are indeed inevitable, and now the biggest class action lawsuit so far has been filed in Samsung’s home country. What’s more, the new suit coincides with increased pressure from analysts advising shareholder to vote against approving Samsung Vice Chairman and heir apparent Jay Y. Lee’s seat on the board. More →
AT&T’s long-rumored DirecTV service is going to launch next month, the company has revealed. AT&T chief Randall Stephenson announced the news as part of a discussion surrounding AT&T’s $80 billion takeover of Time Warner. With the promise to provide a traditional cable viewing experience, but without needing a cable box and for a “radically lower” price, this could be a big move.
It seems like we can’t go a single day without new negative developments in Samsung’s ongoing Galaxy Note 7 saga, but Monday morning brings at least one positive tidbit along with all the negatives. To briefly recap the situation yet again, Samsung launched its best ever smartphone this past August, but a defect caused a small number of devices to explode without warning. Samsung recalled the phone and issued replacements that were believed to be safe, but then they began to explode without warning as well. The company was left with no choice but to discontinue the phone and recall all handsets, old and new.
On to the new developments on Monday morning. First, the bad news: Samsung still reportedly has absolutely no idea what caused the Galaxy Note 7 to explode. But the good news is that the company is planning to offer even more benefits to consumers who stay loyal to the brand next year. More →
Following numerous reports of an imminent deal, AT&T on Saturday night announced that it plans to acquire media giant Time Warner for $107.50 per share, or $85 billion. The deal, which represents a healthy premium over Time Warner’s $89.48 closing price on Friday, includes cash and stock and will be financed in part by a $40 billion loan. Should the deal be approved by regulators, AT&T will take control of HBO, CNN, TNT, Warner Bros. studio and the rest of Time Warner’s assets. More →
Following rumors earlier this week of an imminent deal, The Wall Street Journal is now reporting the AT&T has reached an agreement to acquire Time Warner. AT&T will reportedly pay between $105 and $110 per share for Time Warner, making the deal worth more than $80 billion. Time Warner shares closed at $89.48 on Friday after spiking on rumors that a merger deal with AT&T could be announced as soon as this weekend. According the WSJ, AT&T and Time Warner’s boards are meeting this afternoon and the final merger proposal could be announced later on Saturday. More →
Yesterday, we heard rumors that AT&T is thinking about an acquisition of Time Warner, the cable company that owns HBO and CNN, among other channels. A WSJ report this morning upgraded the urgency, saying that a deal could happen as soon as this weekend.
But according to other WSJ sources, Apple is also interested in Time Warner, and is “monitoring the situation.”
If you live in an AT&T area, chances are you’re not in love with the level of control the company already has over your internet and TV service. But according to a new report, things are about to get even worse.
Samsung’s battle to regain the trust of consumers after its Galaxy Note 7 ordeal will be a long and grueling one. There’s no question whatsoever that the company grossly mishandled things after reports of exploding handsets first started to emerge. Instead of recalling them and taking its time to investigate the cause of the Note 7 fires, Samsung rushed to issue replacement phones — and we all know what happened next.
A recent survey found that a whopping 40% of current Samsung phone owners in the US said they would never buy another Samsung phone, but opinions are heated right now so that figure is almost certainly inflated. If any company has the marketing budget and the product catalog to endure this debacle, it’s probably Samsung. And as the company begins its daunting climb, some good news has already emerged in its home country of South Korea. More →
Earlier today, the FCC reached a $48 million settlement with T-Mobile over its abuse of the word “unlimited.” The FCC found that T-Mobile was throttling data users on unlimited plans without properly warning or communicating with them.
As a result, T-Mobile is having to give away $35 million of “consumer benefit,” which really means free data and discounted accessories for all.
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