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Business 12 Apr 2019 | 2:25 AM

Disney+ undercuts Netflix with US$7 price, launching costly battle

LOS ANGELES: Walt Disney Co.’s new streaming service will cost $7 a month when it debuts Nov. 12, a gambit that the entertainment giant can undercut Netflix Inc. in an increasingly crowded field.

Property 21 Jul 2018 | 12:00 AM

Disney prevails in the Fox hunt

DISNEY always gets its happily ever after. Comcast Corp backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc on Thursday morning, allowing Walt Disney Co to proceed with its own US$85.1bil acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt).

Advertising & Media 16 Dec 2017 | 12:00 AM

Murdoch solves empire succession by selling the empire

NEW YORK: For decades, investors, analysts, busybodies, columnists and gossips have loved to chew over the ultimate media-dynasty question: When Rupert Murdoch was at long last forced to step down – whether for age, coup or scandal – which of his children would assume the throne of his vast empire? James or Lachlan or Elisabeth? Now we know the answer.

Corporate News 12 Dec 2017 | 12:21 AM

Comcast drops $40b bid for Fox assets, leaving Disney in pole position

NEW YORK: Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

Technology 10 Aug 2017 | 1:11 AM

Facebook makes biggest move to date for TV viewers with expanded video

SAN FRANCISCO: Facebook Inc on Wednesday made its biggest move to date to compete in the television market by expanding its video offerings with programming ranging from professional women's basketball to a safari show and a parenting programme.

Business 15 Dec 2016 | 12:00 AM

Fox to stick with initial price for now in Sky bid

LONDON: 21st Century Fox Inc may announce a formal bid for Sky Plc as soon as today, people familiar with the matter said, and is hoping shareholders will accept its opening offer of £10.75 per share.

Business 06 Aug 2014 | 7:53 AM

Xiaomi unseats Samsung to gain China's smartphone throne

BEIJING: China's Xiaomi Inc took China's smartphone crown in the second quarter after the Beijing-based firm replaced Samsung Electronics Co Ltd as China's largest smartphone vendor, according to data from Canalys.

Business 26 Jul 2014 | 6:56 AM

BSkyB to pay US$9bil to create Sky Europe

LONDON/PARIS: Britain's BSkyB has agreed to pay $9 billion to buy the Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.