Your guide to what’s happening this week in the media, entertainment and technology industry.
Comcast ends Fox pursuit
Comcast has announced that it has dropped its bid for Twenty First Century Fox’s assets in order to focus on its planned acquisition of Sky. According to Advanced Television, the decision means Disney will be able proceed with its offer of $71.3 billion for Fox’s entertainment properties, which include a 39% stake in Sky.
Netflix misses subs target
Netflix’s share price plummeted after the streaming giant missed its own forecast by more than a million subscribers, reported the Guardian. Netflix shares fell 14% to $346.05 following the publication of the company’s second-quarter results on Monday.
Vivendi shuts down Studio+
Studio+, the mobile-based short-form content platform launched by Vivendi two years ago, will close down. The service faced stiff competition from French rival Blackpills, which offered a similar service. According to Digital TV Europe, Studio+ delivered a loss to date of €48 million with less than 2,500 subscribers. The closure follows the news that Vivendi-owned on-demand service CanalPlay is also to be wound down.
BBC: Improvements needed for 4K streaming
The BBC has revealed details of its 4K UHD iPlayer trial, concluding that improvements in encoding and computational power are needed before 4K streaming becomes a practical option for broadcasters, reported Broadcast. The trials included the Royal Wedding in May, the World Cup and Wimbledon.
Telia set for Bonnier acquisition
Nordic and Baltic telecoms operator Telia has inked a deal for Bonnier’s broadcasting business as it seeks to boost its TV content, according to a Reuters report. Bonnier’s TV assets include TV4, C More and Finnish MTV.
EVS CEO departs
Live production specialist EVS has announced that the company’s Chief Executive Managing Director Muriel De Lathouwer has mutually agreed to step down effective 10 July. Chairman Pierre De Muelenaere take charge on an interim basis, reported TV News Check.
Jünger Audio to restructure
Jünger Audio has announced a restructure as part of insolvency proceedings. According to TVB Europe, Jünger says it intends to continue its search for new investors and that business activities will continue without restrictions.