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According to ABI Research, video-centric entertainment and richer media are the key drivers for gigabit speeds, reported Videonet. And ARRIS CTO, CPE, Charles Cheevers commented that the most pressing need for gigabit speeds is to handle multiple concurrent 4K video streams to different devices in the home, usually over Wi-Fi®.
Altice has officially closed its deal to purchase Cablevision for $17.7 billion, according to FierceCable. Altice will combine Cablevision with Suddenlink (acquired in December 2015) to form Altice USA, which will be the fourth largest cable provider in the U.S. The company will serve 4.6 million customers across 20 states.
According to Bloomberg Technology, NBCUniversal announced that the U.S. Justice Department cleared its proposed purchase of DreamWorks Animation SKG Inc. for $3.8 billion. NBCUniversal expects to close the deal in the coming months.
A new report by Parks Associates found that U.S. broadband households watch an average of 3.8 hours of Internet video on TV screens each week, according to Digital TV News. This accounts for 20 percent of all video viewed on TV screens. The report also cautioned that consumers might increasingly employ the use of ad blocking solutions while streaming video.
Netflix will be implementing a price hike for long-term customers over the course of the year, which could result in a loss of hundreds of thousands of subscribers, according to Variety. Netflix noted that it expects moderate churn following the higher prices, but also expects $520 million in additional revenue.