Sinclair debuts streaming service for its local TV stations

Sinclair debuts streaming service for its local TV stations
NEW YORK — Sinclair Broadcast wants to “Stirr” up streaming. The nation’s largest owner of television stations launched a free, ad-supported streaming service Wednesday drawing on local news, sports and other programs from the 191 TV stations it owns in 89 U.S. markets. Sinclair said the motivation behind Stirr is in part to help viewers “access the local news and... Read More

Netflix raising prices for 58M US subscribers as costs rise

Netflix raising prices for 58M US subscribers as costs rise
SAN FRANCISCO — Netflix is raising its U.S. prices by 13 per cent to 18 per cent, its biggest increase since the company launched its streaming service 12 years ago. Its most popular plan will see the largest hike, to $13 per month from $11. That option offers high-definition streaming on up to two different internet-connected devices simultaneously. Even at... Read More

‘Smarter’ rules would ensure all digital players pay for CanCon, panel told

‘Smarter’ rules would ensure all digital players pay for CanCon, panel told
OTTAWA — Federal lawmakers need to make foreign content providers, such as Netflix, YouTube and Amazon Prime, pay their fair share into producing Canadian content, Canada’s broadcast regulator and its public broadcaster argued this week. What that share looks like, however, remains uncertain as the federal government moves to tear down and rebuild the country’s broadcast and telecom regulations. In written submissions... Read More

Halifax digital studio gets provincial payroll rebate of up to $1.5 million

Halifax digital studio gets provincial payroll rebate of up to $1.5 million
HALIFAX — A Halifax-area digital studio is getting a payroll rebate of up to $1.5 million over five years. Nova Scotia Business Inc., the provincial government’s business development agency, says REDspace Inc. will get the incentive to expand its operations in Bedford. The company specializes in mobile, web, video and gaming for media brands and networks including Turner, NBC and Sony... Read More

Stingray Group drops takeover offer for U.S. company Music Choice

Stingray Group drops takeover offer for U.S. company Music Choice
MONTREAL — Stingray Group Inc. has dropped its takeover attempt of Music Choice. Montreal-based Stingray, which provides music and in-store media, had made the unsoliticited bid for the U.S. company in August last year. The offer was worth US$120 million. Music Choice produces music programming and music-related content for digital cable television, mobile phone and cable modem users. Stingray chief executive... Read More

Verizon reaches deal to continue carrying Disney channels

Verizon reaches deal to continue carrying Disney channels
Verizon customers can continue to watch ESPN, ABC and other channels owned by Disney after the two companies announced a deal over programming fees. The telecommunications giant and the entertainment company said in a joint statement Sunday: “Verizon and The Walt Disney Company have reached a broad-based distribution agreement.” The statement said details would be released in the coming days.... Read More

Virgin Galactic aims to reach space soon with tourism rocket

Virgin Galactic aims to reach space soon with tourism rocket
MOJAVE, Calif. — Richard Branson’s Virgin Galactic is gearing up to finally send its tourism rocket ship to the edge of space. If successful, it would be a major step toward the long-delayed dream of commercial space tourism. The next test flight could come as early as Thursday with two pilots taking Virgin Space Ship Unity high above California’s Mojave... Read More

Tencent Music shares rise on first trading day

Tencent Music shares rise on first trading day
NEW YORK — Shares in Chinese streaming music giant Tencent Music Entertainment are up 8 per cent to $14.11 on their first day of trading. The company’s initial public offering of 82 million shares was priced at $13 a share and is expected to raise between $1.07 billion and $1.23 billion. The stock is listed on the New York Stock... Read More

Cohen Media Group purchases Landmark Theatre chain

Cohen Media Group purchases Landmark Theatre chain
LOS ANGELES — An Oscar-winning production and distribution company is getting into the movie theatre business. Representatives from the Cohen Media Group say Tuesday the company has purchased Landmark Theatres, the nation’s largest independent theatre chain. Landmark Theatres has 252 screens in 27 cities and has been under the ownership of Todd Wagner and Mark Cuban’s 2929 Entertainment since 2003.... Read More

Mayweather, DJ Khaled settle over digital coin promotions

Mayweather, DJ Khaled settle over digital coin promotions
WASHINGTON — Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities. The Securities and Exchange Commission said the cases are its first involving charges for violating rules on touting investments in so-called initial coin... Read More