Walmart and Discovery Are Considering New Video Services

Walmart is in the early stages of considering the launch of a subscription video-streaming service that would compete with Amazon, Hulu, HBO and Netflix. Sources said that the retail behemoth hasn’t yet greenlit the ambitious project, which may include a lower-price monthly subscription fee, but that decision could come as early as later this summer or early fall. Discovery is also contemplating the launch of a direct-to-consumer service, priced at $5 to $8 monthly, that would include all the company’s networks. Continue reading Walmart and Discovery Are Considering New Video Services

CES 2018: Wide Array of Conference Tracks for M&E Industry

CES 2018 features 2.5 million net square feet of exhibit space that sprawls through the Las Vegas Convention Center, Sands Hotel and Casino, Aria Resort, Venetian, Monte Carlo, Renaissance, Westgate Resort, The Palazzo, Vdara and two Wynn properties. If your feet and brain rebel after walking the floor for hours, CES offers a great alternative: over 200 sessions on the industry’s most pressing issues and new technologies, featuring top creatives and executives. The 200 sessions are divided into topic-specific tracks. Continue reading CES 2018: Wide Array of Conference Tracks for M&E Industry

CES Keynotes: Intel, Ford & Huawei Focus on Smart, Mobile

CES, a massive exhibition of innovation and new products, now offers a rich program experience with more than 1,200 speakers participating in 42 different conference tracks and hundreds of individual sessions. Intel, Ford and Huawei have been announced as the featured keynote presentations. This is a smaller set of main stage keynotes than previous years and features a more traditional line-up than the past two years, when Carnival Corporation surprised in 2017 and Netflix announced itself as the world’s first global television network in 2016. Continue reading CES Keynotes: Intel, Ford & Huawei Focus on Smart, Mobile

Discovery to Purchase Scripps Networks in $14.6 Billion Deal

Discovery Communications announced it is acquiring Scripps Networks Interactive in a cash-and-stock deal valued at $14.6 billion — or $90 a share (the final deal is expected to be valued around $11.9 billion when including the assumption of $2.7 billion of Scripps’ net debt). The combined company, which will bring together cable properties representing nearly 20 percent of ad-supported pay-TV audiences in the United States, plans to produce 8,000 hours of original programming per year and 7 billion short-form video streams monthly. Continue reading Discovery to Purchase Scripps Networks in $14.6 Billion Deal

Discovery’s Snapchat, Amazon Channels to Extend Franchises

As the annual upfront ad sales season begins, Discovery Communications has made it clear it plans on a path to growth through international expansion and digital content for Snapchat and similar platforms. The company recently inked a deal to develop shows for Snapchat’s Discover platform and will also add a Snapchat channel to its sport network Eurosport. It plans Winter Olympics content for the latter outlet. Discovery also is starting a wedding-oriented Amazon channel that takes off from the “Say Yes” franchise. Continue reading Discovery’s Snapchat, Amazon Channels to Extend Franchises

Discovery Invests $100 Million in Digital Content Conglomerate

To expand its social media presence, Discovery Communications invested $100 million in Group Nine Media, a new holding company composed of NowThis, The DoDo, Thrillist, Discovery’s digital network Seeker and digital production company SourceFed Studios. In two years, Discovery will be able to buy a controlling stake in Group Nine. German media company Axel Springer will continue to be the second-largest shareholder. NowThis, The DoDo and Thrillist are said to be valued at $400 million, for a total deal value of $550 million. Continue reading Discovery Invests $100 Million in Digital Content Conglomerate