Leaked from today's 404 episode:
Time Warner Cable CEO Rob Marcus reiterated his confidence in getting regulatory approval for the $45.2 billion deal with Comcast, and he explained that Time Warner Cable shareholders and customers will both benefit from the deal.
Speaking at the Deutsche Bank Media, Internet & Telecom Conference in Palm Beach, Florida on Wednesday, Marcus said he expects the deal to close by the end of the year. And he didn't express any worry that regulators would take issue with it.
"I have every confidence that the deal will close," he said. "We wouldn't have signed … Read more
Maker Studios could be valued at $500 million or more based on takeover discussions Disney is holding with the YouTube network, according to a report by Recode.
No deal is certain, Recode reported, citing people familiar with the matter. A representative for Maker Studios said the company doesn't comment on rumor or speculation, and Disney didn't immediately respond to a message seeking comment.
YouTube multichannel networks appear to be a hot commodity lately, with news of a soaring valuation for Maker coming a day after Machinima, a company that produces gaming videos, disclosed Warner Bros. led an $18 million financing round. … Read more
Comcast has often managed to be the target of abuse and, on a good day, gallows humor.
It regularly features in the Consumerist's list of worst American companies. Indeed, just three years ago, Comcast encouraged its staff to vote so that it wouldn't be named Worst Company in America.
But, now that it is proposing a merger with Time Warner Cable, things will certainly get better. The new Timecast (or Corner) will be a joy to do business with.
Your cable box will be automatically renewed every six months and installed by a happy, well-dressed employee. The box … Read more
Apple's long-neglected set-top box may finally get a revamp this year, but for now you can get a $25 gift card for iTunes to binge on Oscar movies if you don't mind buying the current hockey-puck Apple TV.
As reported by 9to5 Mac, Apple is offering a $25 iTunes Gift Card that can be redeemed at the iTunes Store, the App Store, or the iBooks Store to anyone who purchases an Apple TV from now until Wednesday in an Apple US retail store or at its online store.
The terms and conditions of the deal say it's … Read more
Following the massive success of "The Lego Movie," it sounds like block-based blockbusters -- a pun no one could possibly refrain from using -- are a sure-fire recipe for Hollywood success. Up next: the Minecraft movie.
Dropping a bombshell on Twitter in the form of a sneaky 128-character admission, Minecraft creator Markus "Notch" Persson revealed that he and Mojang, the studio the 34-year-old Swedish developer formed to manage the title and its expansion, are working with Warner Bros. Pictures to develop a film around the game.
Someone is trying leak the fact that we're working … Read more
Time Warner Cable and Comcast will go before the Senate Judiciary Committee on March 26 to discuss their merger plans.
Comcast made public earlier this month its plan to merge with Time Warner Cable in a deal valued at $45.2 billion. The deal would combine the two largest cable providers in the US, but speculation abounds that several antitrust concerns will need to be remedied before the deal can move forward.
commentary Comcast proposes to take over Time Warner Cable in a $45 billion deal. It claims the merger would benefit consumers. Nonsense!
One perspective on this is the distinction between conduit and content. Verizon's optical fiber or Comcast's coaxial cable is the conduit over which video, Internet, and telephone services are carried to our homes. The television programs we watch are the video content.
At the local level, there is conduit competition between the cable company (Comcast or Time Warner Cable) and the telephone company (Verizon or AT&T). But there's no competition between Comcast and … Read more
Comcast and Time Warner Cable, the country's biggest cable companies, on Thursday agreed to unite in a $45 billion deal that will create a pay-television giant with approximately 30 million subscribers, controlling nearly a third of the pay-TV market and more than half of the market for "triple play" packages combining video, Internet, and voice telecom services.
It's a huge deal, if it survives. It would mean a payday for Time Warner, massive new reach for Comcast, and a shift in the balance of power between distributors and video programmers -- but what does it mean … Read more
That's because we're talking about a snow job of epic proportions.
Comcast has presented the proposed $45.2 billion combination, which would cobble together the country's biggest and second biggest cable and Internet companies, as being pro-consumer. I would expect nothing less. In a blog post, Executive Vice President David Cohen offers a boilerplate list of particulars, but the gist is that since Comcast and Time-Warner Cable don't compete to serve customers in any ZIP code in … Read more