Finance (M&A, results, venture capital, private equity, …) News

Charter residential video customers down 70,000 in 1Q 2020
May 1, 2020 – Charter Communications has reported results for the three months ended March 31, 2020. Residential video customers decreased by 70,000 in the quarter. At the end of the period, Charter had 15.6 million residential video customers.
News categories: Charter Communications, https://bit.ly/35EexJi, Cable TV, Digital TV, Results, Subscribers, USA

EU approves Canal Digital-Viasat Consumer joint venture
Apr 30, 2020 – The European Commission has approved the combination of Canal Digital, Telenor Group’s satellite pay-TV business, with Viasat Consumer, Nordic Entertainment Group’s satellite pay-TV and broadband-TV business.
News categories: Telenor, NENT Group, Jørgen C. Arentz Rostrup, Denmark, Digital TV, IPTV, MandA, Norway, Regulation, Satellite, Sweden

Comcast cable video subscribers down 409,000 in 1Q 2020
Apr 30, 2020 – Comcast (NASDAQ: CMCSA) has reported results for the quarter ended March 31, 2020. Total high-speed internet customer net additions were 477,000, total video customer net losses were 409,000 and total voice customer net losses were 89,000.
News categories: Comcast, Cable TV, Digital TV, Results, Subscribers, USA

Forthnet owners negotiating its sale to United Group
Apr 28, 2020 – Nomura has notified Forthnet of the commencement of exclusive negotiations with United Group on a proposal that United has submitted to the banks NBG, Alpha, Piraeus and Attica Bank aimed at the execution of documents for a transaction.
News categories: Forthnet, United Group, Digital TV, Greece, MandA, Satellite

Verizon FIOS video subscribers down 84,000 in 1Q 2020
Apr 24, 2020 – Verizon Communications (NYSE, Nasdaq: VZ) has reported first-quarter 2020 results. Consumer reported 84,000 Fios Video net losses in first-quarter 2020, reflecting the ongoing shift from traditional linear video to OTT offerings.
News categories: Verizon Communications, Digital TV, IPTV, Results, Subscribers, USA

AT&T U.S. down 1,035k; Vrio down 114k video subs in 1Q 2020
Apr 22, 2020 – AT&T (NYSE:T) has reported results for the first quarter of 2020. Total U.S. video subscribers were down 1.035 million in the quarter with AT&T TV NOW accounting for 138,000 of the losses. For Vrio in Latin America, net subscribers were down 114,000.
News categories: AT&T, Digital TV, IPTV, Latin America, Results, Satellite, Streaming, Subscribers, USA

605 makes strategic investment in AdScribe
Apr 21, 2020 – 605 has announced that it has made a strategic investment in AdScribe. 605 and AdScribe partnered to develop 605 PLATF0RM, a self-service, web-based application that reports TV viewership of programming and advertising by advanced, custom-defined audiences.
News categories: AdScribe, 605, Donal O'Connor, Kristin Dolan, Advertising, Big Data, Digital TV, USA, Venture Capital, Worldwide

Eros International and STX Entertainment to merge
Apr 17, 2020 – Eros International (NYSE:EROS) and STX Filmworks have entered into a stock-for-stock merger agreement to create the first publicly traded, independent content and distribution company with global reach and unique positions in the United States, India and China.
News categories: Eros International, STX Entertainment, Kishore Lulla, Robert Simonds, China, Digital TV, India, MandA, Streaming, USA

Frontier Communications agrees restructuring with bondholders
Apr 14, 2020 – Frontier Communications (NASDAQ: FTR) has announced that it has entered into a Restructuring Support Agreement with bondholders. To implement the plan, the company has voluntarily gone into Chapter 11.
News categories: Frontier Communications, Robert Schriesheim, Bernie Han, Cable TV, COVID-19, Digital TV, Finance, USA