I had a whole other column lined up today around Aereo and its first day at the Supreme Court, but then things started going off on the online video front like popcorn in an air popper.
AT&T's consumer wireline segment continues to be driven by U-verse growth and the first quarter of 2014 was no exception, with revenues growing 28.3 percent year-over-year to $3.5 billion.
Ericsson said sales declined by 7 per cent to 47.5 billion krona (€5.2 billion/$7.2 billion) in the first quarter of 2014 compared to the previous year when adjusted for currency, although the Sweden-based equipment manufacturer said efforts to improve its profit margin are having a positive impact.
AT&T continues to make inroads with U-verse. The company added 200,000 U-verse video subscribers in the first quarter of 2014 and noted that churn for the product is very low. In addition, AT&T touted the fact that U-verse is now a $14 billion annualized revenue stream for the company, growing at almost 30 percent year-over year.
AT&T Mobility plans to launch an upgraded version of the Cricket prepaid brand in the second quarter, according to AT&T CFO John Stephens. AT&T closed on its $1.2 billion acquisition of Leap Wireless' Cricket brand and 4.5 million customers last month.
AT&T Mobility surprised the market by reporting 625,000 postpaid subscriber net additions in the first quarter, more than analysts had expected and the carrier's best first-quarter postpaid performance in five years.
Netflix has stepped up the argument in favour of 'strong net neutrality', even as it negotiates connectivy deals with ISPs on both sides of the Atlantic to ensure decent services for its end-users. It's a war of words that will continue, and there is clearly a great deal at stake for both sides. However, beyond the commercial bun fights over who should pay and how, much more needs to be clarified; the devil with net neutrality is in the detail.
AT&T jumped into the online video space with both feet Tuesday, announcing a joint venture with the Chernin Group. The Tier 1 provider committed more than $500 million to fund SVOD services, advertising and other online streaming initiatives.
AT&T announced a new, $500 million joint venture with The Chernin Group, a Hollywood production company for TV shows and movies, to target the over-the-top online video space--and AT&T specifically mentioned mobile as a key element in its efforts to expand into OTT online video.
AT&T's $500 million agreement to launch an over the top (OTT) video venture with The Chernin Group reflects the telco's move to enhance its growing video business with another option that plays into the consumer desire for content and higher bandwidth broadband services.