Welcome to today's broadband and cable news roundup.
Time Warner Cable Inc. (NYSE: TWC)'s Business Class unit is spending $25 million to expand fiber in New York City so it can reach more of the region's emerging business locations, including the Brooklyn Navy Yard, which houses about 275 businesses over a 300-acre area. TW Cable said its new dedicated fiber lines will offer speeds of 1Gbit/s and support the company's bundle of voice, Ethernet, subscription video and high-bandwidth video transport services. The Brooklyn Navy Yard's employment center will also house a new TW Cable Learning Lab, which will provide free access to computers and broadband connections when it opens later this year.
The expansion comes as business services continue to represent a key growth engine for the cable industry. TW Cable pulled in $464 million in business services revenue in the second quarter, up 29 percent year-on-year, and putting it on pace for an annual take of $1.78 billion.
OnLive Inc. founder and CEO Steve Perlman has been ousted soon after the struggling cloud-based gaming service let go of about half its staff and sold off its assets. Gary Lauder, the lead investor in the new incarnation of OnLive, has been named chairman, and Charlie Jablonski will become COO and acting CEO, reports VentureBeat. OnLive didn't disclose the terms of the asset sale, but VC Experts Inc. estimates that its value once could have been as much as $1.9 billion if all the authorized shares listed in public filings as of March 20 were issued, according to The Wall Street Journal.
Lauder's VC, Lauder Partners LLC, holds stakes in several companies with ties to video technology, including Aereo Inc. , RGB Networks Inc. and ActiveVideo (See OnLive Stays Alive.)
Comcast Corp. (Nasdaq: CMCSA, CMCSK)-owned thePlatform Inc. has added transactional, digital video storefront capabilities to its mpx media publishing system to help its pay-TV and programming partners sell content (either as one-offs or as part of a more customized video packages) via PCs, tablets and mobile phones. Most of thePlatform's partners are already using its system to run authenticated TV Everywhere services that come with a consumer's pay-TV subscription, but this new element would enable them, for example, to sell season passes for TV shows or a movies trilogy bundle.
AT&T Inc. (NYSE: T) said its AdWorks unit will launch a multi-screen targeted advertising platform in mid-September, hoping it will help advertisers "bridge the gap between online and TV and mobile media." The AdWorks Reflection service will rely on a proprietary algorithm developed by AT&T Labs, and aggregate anonymous TV viewing data from about 10 million U-verse receivers and mobile content usage data from the company's 69 million-plus post-paid mobile phone subs. AT&T didn't disclose a vendor partner, but in January confirmed it was evaluating SeaChange International Inc. (Nasdaq: SEAC)'s Infusion platform for its advanced ad project. (See AT&T Eyes SeaChange for TV Everywhere Ad Trial .)
Hisense, a maker of low-cost HDTVs, is the latest CE company to introduce a new generation of Google TV devices. The broadband-connected Hisense Pulse with Google TV will sell for $99 and will go on sale in North America in mid-November following its launch in Germany on Aug. 31.