Light Reading

Cablevision May Cook Up a Netflix Competitor

Jeff Baumgartner
LR Cable News Analysis
Jeff Baumgartner

Welcome to the cable news roundup, T.G.I.F. edition

  • Cablevision Systems Corp. (NYSE: CVC) is planning to launch a subscription video-on-demand (VoD) service that would compete with Netflix Inc. (Nasdaq: NFLX) and be developed along the lines of Streampix, the new subscription-based streaming video service from Comcast Corp. (Nasdaq: CMCSA, CMCSK) that provides access to a range of new TV episodes and large library of older movies, notes BTIG Research analyst Richard Greenfield in a blog post (registration required). Greenfield believes Cablevision is also developing the service in part to counter the products expected to emerge from the Verizon Communications Inc. (NYSE: VZ)-Redbox Automated Retail LLC joint venture. Cablevision has not announced any such plan, but did reveal Thursday that its spike in capital spending in 2012 does include cash to fund an expansion of its VoD library. (See Verizon & Redbox Target Netflix and Cablevision Cranks Up the Capex.)

    Update: Cablevision isn't commenting about future initiatives involving video streaming, but industry sources familiar with the company's plans tell Light Reading Cable that the MSO is not pursuing some sort of subscription-based Netflix or Streampix knock-off.

  • HBO GO, the premium programmer's popular TV Everywhere platform, will be offered on the Kindle Fire with the debut of the new season of True Blood on June 10, HBO co-President Eric Kessler said Thursday at an event hosted in New York City by Multichannel News and Broadcasting & Cable. HBO's already developed apps for Roku Inc. boxes, iOS devices, Samsung Corp. Smart TVs and the Xbox 360, among others.

  • Highlighting the importance of Web and multi-screen video, Discovery Communications Inc. (Nasdaq: DISCA, DISCB, DISCK) has acquired Revision3 , an Internet video firm founded in 2005 that claims to have 23 million monthly viewers spanning 27 "digital channels." Discovery is paying about $30 million for Revision3, according to PaidContent. YouTube Inc. and Roku Inc. are among the platforms distributing Revision3's menu of original programming.

  • TiVo Inc. (Nasdaq: TIVO) is close to completing its integration of Comcast Corp. (Nasdaq: CMCSA, CMCSK)'s video-on-demand (VoD) service in Boston, reports Engadget. TiVo Premiere DVRs sold at retail have access to the MSO's conventional VoD service in the Bay Area. (See Comcast Presses Play on TiVo VoD .)

    — Jeff Baumgartner, Site Editor, Light Reading Cable

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    User Rank: Light Beer
    12/5/2012 | 5:34:04 PM
    re: Cablevision May Cook Up a Netflix Competitor

    Smart move by Discovery. And handsome value per employee ($30m/50) if a fraction of the ratio over at Facebook ($95b?/3k). Good for Louderback, and Cali Lewis et al.

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