Starz Entertainment LLC was wise to walk away from the bidding for Walt Disney Co. content and let Netflix swoop in, wrote ISI Group Inc. analyst Vijay Jayant, who thinks investors in Starz parent Liberty Media Corp. over-reacted to news that won't take effect until 2017. He estimates that Netflix could be paying as much as $400 million per year, and put Starz's deal at about $250 million per year. John Malone's Liberty Media plans to spin Starz into a separate public company. (See Netflix Swipes Disney Deal From Starz.)
Synacor Inc., the Buffalo, N.Y.-based developer of TV Everywhere authentication systems and Web portals, is expanding into social gaming after notching a partnership with Zynga Inc., the creator of titles such as FarmVille and Words With Friends. The deal will help Synacor's pay-TV partners, which include Charter Communications Inc. and CenturyLink Inc., offer access to Zynga games via their customer home pages.
Video software specialist SeaChange International Inc.posted fiscal third-quarter GAAP net income of $600,000 (2 cents per share) on revenues of $39.2 million, down from year-ago revenues of $42.9 million. SeaChange also increased 2013 revenue guidance in the range of $155 million to $159 million.
Netflix has tagged the PlayStation3 as the "top platform" for development, meaning it will be the first to get new features and access to more content than other devices.
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