Video streaming reached a “turning point” in Q2, said Scott Maddux, TiVo vice president-content strategy and business, on a webcast last week, noting the number of video streaming services consumers watch now averages 9.9. “That’s a lot of services to navigate,” Maddux said. “The burden on the consumer is getting pretty heavy in terms of remembering where their shows are and how to find the next big thing."
U.S. holiday spending will reach $1.3 trillion during November-December, said eMarketer analyst Andrew Lipsman on a Thursday webinar on holiday shopping trends. Holiday sales will “maintain high growth” at 7% year on year, but dollars won’t stretch as far, Lipsman said.
AT&T continues to grow its subscriber base, adding a net 708,000 postpaid phone customers in Q3, the company reported Thursday. AT&T was the first of the big three wireless carriers to report. The company also said its 5G mid-band spectrum now covers 100 million POPs, with 130 million expected year-end. AT&T’s stock price rose 7.72% Thursday to close at $16.74, the company's best day on Wall Street in two years.
Carriers are deploying stand-alone 5G, but there are challenges carriers are struggling with in early deployments, speakers said Wednesday during a TelecomTV virtual summit. So far, there have been only about 30 deployments of stand-alone 5G worldwide, said Robert Curran, Appledore consulting analyst. That’s “not that large of a number, but it is a start,” he said.
Paid account sharing could bring Netflix 15 million additional U.S. and Canadian paid sharers and a million new members, Cowen analyst John Blackledge wrote investors Wednesday, after its Tuesday announcement it will begin rolling out its Profile Transfer globally early next year to more broadly monetize account sharing.
Chandra Holt stepped down as CEO of Conn’s and resigned from the board, effective immediately, the company announced Tuesday. Former CEO and current board member Norman Miller will be interim CEO, it said. Shares hit a 52-week low Tuesday at $6.22before closing 14.8% down at $6.91.
Wedbush Securities’ concerns over FuboTV’s “cash burn” and its ability to raise capital to “extend its cash runway” were assuaged somewhat by Monday’s announcement that the virtual MVPD folded its Fubo Gaming subsidiary and ceased operation of its Fubo Sportsbook, effective immediately, analyst Michael Pachter wrote investors Tuesday.
The renewed application from Chinese company Sailed Technology asking the U.S. District Court for Western Washington to compel discovery from Amazon for a patent infringement case in China is the culmination of “a seven-year litigation campaign against Amazon, consisting of dozens of lawsuits in China and three lawsuits here in the U.S.,” said Amazon’s response Monday (docket 2:22-cv-01396). Sailed seeks to serve subpoenas on Amazon for deposition testimony and documents connected with a case brought in an intellectual property court in Nanjing, China, in which Amazon Echo and Fire products are alleged to have infringed one or more Sailed patents (see 2210110001).
U.S. District Judge Maryellen Noreika in Wilmington, Delaware, signed an order Thursday (docket 1:22-cv-01341) granting Averon’s motion for leave to file under seal its complaint alleging AT&T and mobile sign-in app ZenKey “misappropriated” its trade secrets.
Companies wasted no time jumping on the new consumer hearing aid category Monday, the date the Food and Drug Administration’s rule establishing over-the-counter (OTC) hearing aids as a regulatory category took effect. Best Buy and Walmart, looking to grow their health and wellness businesses, outlined their hearing aid efforts in Monday posts.