Disney+, the entertainment giant's streaming service, reports it has 10 million subscribers after being active for two days. Chief executive Bob Iger has predicted Disney+ will attract from 60 million to 90 million subscribers around the world by 2024.
Nickelodeon will produce original movies and series for Netflix under a multi-year agreement the companies announced that also reportedly includes a "music-based" "SpongeBob SquarePants" spin-off focusing on the Squidward character. The deal, reported to be worth about $200 million, will involve Nick creating content based on familiar characters as well as new ones.
The House Communications Subcommittee is scheduled to mark up a new version of the Satellite Television Extension and Localism Act Reauthorization renewal legislation today that expands the provision for negotiating retransmission consent fees to let smaller pay-TV companies bargain collectively. The Senate Commerce Committee postponed its scheduled markup of a STELAR renewal bill pushed by Chairman Roger Wicker, R-Miss.
Consumers in Europe and the US that have stopped subscribing to pay-TV services use more than twice as much data as average broadband subscribers, passing half a terabyte per month, analytics firm OpenVault says. Consumption is growing across the board, but usage patterns vary between those with unlimited plans and those with usage-based billing.
Bravo will allow a handful of brands to mix with attendees and promote their wares at its three-day "BravoCon 2019," which will feature stars from many of the channel's original shows. Brand activity will include PepsiCo supplying drinks and State Farm sponsoring a "She Shed" relaxation area.
Comcast will begin selling a broadband service to businesses in Charleston, S.C., that can reach theoretical download speeds of 100 gigabits per second, the company announced, saying it has completed a $14 million fiber upgrade in the region. The service, fed by a 122-mile fiber ring, would exceed the standard the government set by 4,000 times.
CNN will air the newly released documentary "Linda Ronstadt: The Sound of My Voice" on New Year's Day at 9 p.m. for its TV debut. The movie, a co-production of CNN Films, chronicles the story of the legendary singer who released a multitude of hit singles and three albums that reached the top of the charts.
Instagram has rolled out Reels, its answer to video-streaming app TikTok that lets users make and share 15-second videos set to music. The service is available only in Brazil, where Instagram is popular and TikTok isn't quite yet, which Instagram hopes will give Reels a chance to grow a user base.
The eight largest cable companies netted 831,917 subscribers during the quarter ending Sept. 30, a 14% year-to-year increase, Leichtman Research Group reports. Cable providers now own about two-thirds of the marketplace for high-speed internet, since telecoms shed roughly 226,000 wireline subscribers during the period.
Strong demand for the Disney+ streaming service on its opening day contributed to outages and other glitches for viewers, problems that were reportedly fixed by the afternoon, sources said. The company said third-party servers faced unexpected traffic from those who had joined ahead of the launch as well as first-time subscribers.
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