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Netflix Pops on Facebook Integration Buzz

Light Reading
LR Cable News Analysis
Light Reading
5/26/2011

Here's a snapshot of what's going on in the wide, wide world of cable.

  • Facebook is talking to Netflix Inc. (Nasdaq: NFLX) about integrating its social network with the video streaming service, CEO Mark Zuckerberg told the eG8 Conference in Paris, driving Netflix stock near an all-time high. (See Facebook Enters Movie Rental Business.)

  • Time Warner Cable Inc. (NYSE: TWC) jacked its broadband speeds around Whitefield, Maine, after a cable modem subscriber paying an additional US$9.95 monthly for Road Runner Turbo complained it wasn't delivering advertised speeds. (See Slow Start for TWC's Fastest Broadband.)

  • Some Skype Ltd. users with a sideline in conspiracy theory are blaming Skype's suitor, Microsoft Corp. (Nasdaq: MSFT), for today's worldwide outage. (See Microsoft to Monetize Skype With Video Ads.)

  • Shaw Communications Inc. is raising its monthly broadband consumption caps as the MSO launches new speed tiers that offer up to 250 Mbit/s in the downstream. (See O, Canada! Netflix Streaming Gets a Reprieve.)

  • We wonder if that mobile payment service Google (Nasdaq: GOOG) plans to launch for Sprint Corp. (NYSE: S) phones will make its way to Google TV and other Android devices.

  • Cable pioneer John Malone agreed to sell Australia's Austar United Communications to Foxtel for A$1.9 billion ($2 billion) in cash.

  • Rovi Corp. president and CEO Fred Amoroso is retiring, the IPG maker disclosed in an Securities and Exchange Commission (SEC) filing.

  • About 60 percent of TV viewers distract themselves with mobile phones, while 46 percent watch online video at the same time, says a new study.

    — Steve Donohue, Special to Light Reading Cable

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