AT&T is making steady progress in rolling out its GigaPower FTTH service to more customers with its wireline region as it looks to stave off competition from cable operators like Comcast and upstart provider Google Fiber.
Comcast is in discussions to buy DreamWorks Animation SKG Inc. in a deal valued at around $3 billion, the Wall Street Journal reports.
NBCUniversal's Seeso, Sony's PlayStation Vue and Starz were among the large providers that made big SVOD service debuts during the first quarter of 2016.
Comcast is preparing to participate in the FCC's upcoming incentive auction of 600 MHz spectrum, which could pit the broadband behemoth against wireless carriers just as 5G technologies come to market. And Comcast CFO Mike Cavanagh said the company has what it takes to make 5G work.
Comcast Business continues to make a good showing amid the cable operator's overall revenue mix as it sees more mid-sized businesses purchasing its services.
After a flurry of announcements and activity at the end of 2015 regarding their planned direct-to-consumer efforts, traditional networks, broadcasters and even cable operators mostly have yet to launch their own subscription video on demand (SVOD) services. That's beginning to change, but the trend for now appears to be cautious circling of the online video industry.
Netflix appears to be taking a cue from its increasingly mobile users and is rolling out in-app billing to a selected number of Android users in "all supported regions" via Google Play, Variety reports. The move is a big change for the SVOD provider, which previously only enabled setup and billing via its own website and app.
Online services provider Akamai's move to shift the company away from a primarily CDN focus to tailoring its products toward industry verticals brought in earnings well above analyst estimates in the first quarter of 2016, posting revenues of $567.72 million, or $3.91 million above forecasts, and diluted net earnings per share of 66 cents, 3 cents higher than predicted.
Reporting its 26th consecutive month of reduced churn, Comcast (NASDAQ: CMCSA) added 53,000 Xfinity TV customers in the first quarter, along with 438,000 high-speed Internet users.
The investor rebellion against online video and social media stocks appears to be continuing after Twitter's shares fell 13 percent in after-hours trading Tuesday following a first-quarter earnings report that missed analyst estimates by over $13 million. Revenues reached just $595 million, 36 percent higher than a year ago but much lower than its high point of $641 million in the fourth quarter of 2015.