MCN Newswire: T-Mobile Not Worried About Cable Ops; Viacom Stock Climbs on Affiliate Revenue Forecast, NBC Olympics, Comcast Providing Video Description Services for Winter Games
WHY THIS MATTERS:John Legere did not reveal many details about the OTT service T-Mobile is planning after its Layer3 TV acquisition, saying only that the deal will help strengthen its other video initiatives and "will enable us to bring the Uncarrier philosophy to video."
WHY THIS MATTERS:On a day when the Dow Jones Industrial Average officially entered market correction territory, and despite disappointing revenue growth in its fiscal first quarter, Viacom stock soared Thursday after the programmer increased its forecasts for distribution revenue growth.
WHY THIS MATTERS:The integrated narration of the visuals will include descriptions of elements such as actions, facial expressions, clothing, event locations and on-screen graphics, and follows similar work done for the 2016 Summer Games in Rio.