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This week, Popular Mechanics reported on the renovation of the Daytona International Speedway motorsports stadium as part of the Daytona Rising project that includes revamped seats, entrances and concourses. The newly renovated stadium also features Wi-Fi®, provided by ARRIS, with 350 access points and available throughout the concourses, suites and neighborhoods along the nearly mile-long front-stretch.
Fox Sports signed a five-year partnership with NextVR to create virtual reality (VR) coverage of top sporting events, reported Variety. In January, NextVR and Fox Sports covered the Premier Boxing Champions matches in VR; and now, they are teaming up again during Fox’s coverage of the Daytona 500.
WIRED reported that BBC Three embraced the digital world by moving to an online-only platform. The new online-only BBC Three content will initially feature two themes, The Best Of and The Daily Drop, available through iPlayer, smart TVs and game consoles.
A recent report from ARK Investment Management projected Netflix’s subscriber base will hit 175 million in 2020, up from 75 million in 2015, reported FierceOnlineVideo. The growth in subscribers is attributed to Netflix’s rapid expansion in the international markets, increased broadband penetration, and its growing content library that caters to new audiences.
Finally, according to Business Bureau's New Media Book 2016, the pay-TV market across Latin America is expected to grow with the addition of 20 million new subscribers by 2019, reported Rapid TV News. Business Bureau also noted that pay-TV penetration rates are highest in Venezuela and Argentina, with more than 80 percent of households subscribing to pay-TV in these countries.