Streaming becomes mainstream as cord-cutting accelerates

CHICAGO — Cord-cutting is not just for millennials anymore. Fed up with high prices and bloated packages, millions of Americans cut the cord on cable TV in 2017, finding refuge with a growing number of streaming services, which deliver lower prices and a competitive channel lineup over the internet. “This was really the year that cord-cutting… Please follow and like us:

Read More

Viacom stock drops amid cord-cutting fears; Paramount Pictures suffers another loss

Cord-cutting squeezed Viacom Inc. earnings as the owner of cable channels MTV, Comedy Central and Nickelodeon struggles to improve its fortunes in a more challenging media environment. Viacom said its revenue increased 3 percent to $3.3 billion in its fiscal fourth quarter, beating analysts’ expectations. However, domestic TV advertising revenue was flat and affiliate fees from… Please follow and like us:

Read More

Video streaming pioneer Roku aims to raise up to $252 million with IPO

Roku Inc., the leading maker of devices for streaming internet video on televisions, hopes to raise up to $252 million with an initial public stock offering. The Los Gatos, Calif., company’s IPO registration filing Monday came the day after the growing popularity of streaming video platforms such as Netflix was evident at the Emmy Awards, where… Please follow and like us:

Read More