Roku Scores First OTT Cable Deal

Streaming video plays lead today’s cable news, from Roku Inc. 's first distribution deal with a cable network to a move by Netflix Inc. (Nasdaq: NFLX) that is angering fans of DVD rentals.

  • Roku landed its first distribution deal with a cable network -- WealthTV -- offering it for $2.99 per month. But it’s not clear how many of Roku's cord-cutting subscribers will be interested in a network that targets viewers looking for the "finer things in life." (See Roku Dials in WealthTV, TiVo, Roku Hook Up Hulu Plus and Roku 'Store' Opens With 10 Channels .)

  • The Federal Communications Commission (FCC) is expected to approve Comcast Corp. (Nasdaq: CMCSA, CMCSK)'s merger with NBC Universal today in a four-to-one vote.

  • Cablevision Systems Corp. (NYSE: CVC) debuted the cable industry's first direct-response promos shot in 3-D. While few subs may be able to view the spots in 3-D, the 2-D version is worth checking out. (See Cablevision, Verizon Set Stage for 3DTV Battle .)

  • Netflix subs are ticked that they can no longer use mobile devices capable of viewing streaming video from Netflix to add DVDs to their by-mail queue. (See TW Cable Chief Disses Netflix Streaming.)

  • Netflix and rival Redbox Automated Retail LLC must make subscribers wait 28 days to rent DVD titles from major studios, a situation that, Redbox said, contributed to poor sales during the fourth quarter.

  • Comcast Interactive Capital joined a $10 million investment round in SnagFilms, an independent producer that supplies VoD content to the MSO, as well as rival Verizon Communications Inc. (NYSE: VZ) FiOS TV.

  • Former AOL Inc. (NYSE: AOL) CEO and NBC veteran Randy Falco was named EVP and COO at Univision Communications Inc.

    — Steve Donohue, Special to Light Reading Cable

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