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Verizon announces new streaming partnership with A&E Networks
Verizon Communications Inc. said on Wednesday that it has signed a new partnership with A&E Networks to give Verizon customers free access to stream content from A&E, including from Lifetime, the History channel and Viceland. A&E is co-owned by Walt Disney Co. , Comcast Corp.'s NBCUniversal and Hearst Communications. This deal follows a similar Verizon announcement last month that the company had entered a deal with the National Football League to stream games beginning in January. Verizon will provide its customers with A&E content across its media brands, including Yahoo and AOL. The deal also gives Verizon first rights to content from A&E's in-house branded content agency 45th & Dean. "This partnership expansion is yet another example of how we're fueling our new Oath media brands," said Brian Angiolet, Verizon's chief media and content officer, in a statement. Shares of Verizon were down nearly 2% during intraday trade on Wednesday and have declined close to 4% in the trailing 12-month period. By comparison, the S&P 500 index is up 20% and the Dow Jones Industrial Average is up almost 25%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 2-Verizon to pay $2.25 bln to NFL for 5-year streaming deal- source
NEW YORK, Dec 11 (Reuters) - Verizon Communications Inc
will pay around $2.25 billion for a five-year partnership
with the National Football League that allows users to stream
games on its Yahoo and go90 platforms as well as on mobile
devices, a source told Reuters on Monday.
Under Armour appoints new CFO, gets VP of digital product
Under Armour Inc. late Monday said it named acting Chief Financial Officer David Bergman its permanent CFO, and in a separate statement announced a couple of departures from and one addition to its executive team. The company said it has appointed Michael La Guardia vice president of digital product, responsible for leading digital product development, working with other teams, "to manage the successful creation and execution of Under Armour's digital products." La Guardia was most recently head of product for Yahoo Finance and Yahoo Sports. Under Armour also said MyFitnessPal co-founders Mike Lee and Albert Lee will depart Under Armour in January "to pursue their next entrepreneurial ventures." Under Armour bought the platform in 2015. Under Armour shares were flat in the late session after ending the regular trading day up 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Canadian charged in Yahoo hacking case pleads guilty in U.S.
Nov 28 (Reuters) - A Canadian accused by the United States
of helping Russian intelligence agents break into email accounts
as part of a massive 2014 breach of Yahoo accounts pleaded
guilty on Tuesday, the U.S. Justice Department said.
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