Net neutrality-related conditions, as well as Netflix (NFLX)-demanded “remedies,” may emerge as key before regulators sign off on the proposed AT&T-DirecTV Group merger. AT&T (T) and three cable and wireless trade groups in April filed separate lawsuits challenging the Federal Communications Commission’s new Internet regulations. The FCC, though, is likely to ask AT&T to accept net neutrality-related merger conditions to win approval of the
Netflix (NFLX) shares got a boost on the stock market today as Wall Street sees reasons why the streaming video service will stay ahead of rivals. Bank of America upgraded Netflix on Tuesday from neutral to buy with a price target of 722. That’s a 30% premium from Monday’s closing price. The analysts said Netflix’s strong original content library will fuel further subscriber growth in the U.S. and internationally as well as fend off competitive
Netflix may be the dominant player in the streaming video arena, but Hulu is on an aggressive path to become master of its domain. The site outbid Amazon (AMZN) and Yahoo (YHOO) for “Seinfeld” reruns last week, shelling out a reported $180 million. (Netflix (NFLX) is said to have passed on the 20-year-old sitcom.) Now Hulu is cranking up the publicity machine for the J.J. Abrams-produced “11/22/63,” its most high-profile original