UPDATE: Items have now sold.
According to Re/code, BlackBerry announced Wednesday that it will stop internal development of smartphones, and will rely on partners for any future hardware efforts.
“The company plans to end all internal hardware development and will outsource that function to partners,” said CEO John Chen in a statement. “This allows us to reduce capital requirements and enhance return on invested capital.”
Chen also said that the company’s move to selling software is ‘taking hold,’ and that its revenue from software has doubled year-on-year.
I still remember when BlackBerries first came out, and were the device of choice for businesses everywhere. Now it seems the iPhone and other Android devices are the go to for many enterprises.
According to Bloomberg, Walt Disney Co. is said to be working with a financial adviser to look into a possible bid to acquire Twitter according to those who are familiar with the matter.
With interest in a potential deal picking up, Twitter has begun evaluating a potential sale. Salesforce.com Inc. is looking into a potential transaction as well and is working with Bank of America, who asked not to be named due to it still being a private matter.
Interestingly, Jack Dorsey, CEO of Twitter, is also on the board at Disney.
In this day and age of cord cutting, Disney may potentially be looking to keep an eye on the future.
“It’s a video distribution play,” mentioned James Cakmak, an analyst with Monness Crespi Hardt & Co. “What Disney has to think about is what is its place in a post cord-cutting world. They are investing in technology for distribution – and this would give them the platform to reach audiences around the world.”
Disney Chairman and CEO has a reputation as a strategic planner who likes to make some bold bets. His last major acquisition? Animation studio Pixar in 2006, to the tune of $7.4 billion. I’d say that worked out pretty well. Would Twitter do the same?
Might take more than 140 characters.
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Here in the States, NBC provides our coverage of the Games, and one of the areas of criticism the station always receives is how it goes about its prime time coverage. One of the Summer Games marquee events is always women’s gymnastics, and I can’t help but think how both my wife and I were disappointed to know the results ahead of time before NBC would even air them with the most recent games in Rio. Brazil even had a favorable time zone no less, only an hour ahead of New York.
Well, the next three Olympics will be in Asia. 2018’s Winter Games will head to South Korea, 2020’s Summer Games will head to Tokyo and 2022 will head to Beijing. So what will this mean for NBC, as pretty much all of those host countries will be 13-14 hours ahead of Eastern Time?
The New York Times tries to answer just that today. NBC’s primetime viewership in Rio was lower than expected. The answers to this are unknown, because for all we know, they may not even put anything on TV, and we will all just be watching through our smart devices. Technology continues to evolve at a lightning pace.
“You’d be a lot less concerned if you were in the United States or in Continental Europe,” mentions Rich Greenfield, an analyst with BTIG Research. “Ninety percent of the content from Asia will be happening when we’re asleep — and when we wake up we’ll see our Twitter feeds and news stories telling us what has already happened.”
But of course, money talks, and with the investment NBC has made over the next several years, they still continue to bank on viewers tuning in.
In a statement, Mark Lazarus, chairman of the NBC Sports group said, “The Olympics are the only events of its kind, dominating prime time for 17 straight nights, 118 Summer Olympic nights in a row,” in reference to the past Summer Olympics in which NBC had televised.
Time will only tell what NBC’s eventual ROI will be. Will you tune in readers?
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