agreement
Latest
Former ARRI exec pleads guilty to hacking into rival CEO's e-mail account, faces jail time
There's some Oscar-worthy drama brewing in California, where ARRI executive Michael Bravin has pleaded guilty to hacking into a high-level e-mail account at rival camera maker Band Pro Film and Digital. In a plea agreement filed yesterday with a US District Court, Bravin admitted to intentionally accessing a corporate e-mail account belonging to Amnon Band -- Band Pro's President and CEO. More details after the break, including a potential connection to RED's Jim Jannard.
Clearwire announces deal with China Mobile to accelerate TD-LTE deployment
The world's largest mobile operator and the heretofore scrappy WiMAX provider have linked arms to accelerate the rollout and adoption of time-division LTE (TD-LTE) across China. While there's little chatter about an infrastructure build-up itself, China Mobile and Clearwire have established an agreement "to cultivate a robust device ecosystem that supports multi-mode, multi-band devices with minimum component complexity and cost," with particular emphasis on the common 2.5GHz spectrum. More specifically, the collaboration will work to build up a high volume of TD-LTE chipsets and devices for commercial availability in 2012. If Sprint were to purchase (or make a significant investment in) Clearwire, this deal could be especially important, but for the time being, the company is finding some independence from the uncomfortable love triangle that's brewing between itself, Sprint and LightSquared. While there's no telling what sort announcement will come on October 7th, it's nice to see Clearwire secure an international lover that's willing to commit to a shared LTE vision. You'll find the full PR after the break.
ESPN's new Monday Night Football deal includes 3D broadcasts, WatchESPN app
Just hours before the 2011 NFL season kicks off, the ESPN and the NFL announced a new eight year extension for Monday Night Football that runs from 2014 to 2021 and most notably to us, includes a provision for 3D broadcast rights. The new deal covers items from new studio programming (beginning this season) to availability of games on the WatchESPN mobile app to the Pro Bowl we still won't watch. According to the LA Times, the pricetag for ESPN -- before it's passed on to the cable / satellite company and eventually ends up on your bill in a rate increase -- is around $1.9 billion per season, up from $1.1 billion previously. While this should help quell ideas that ESPN 3D might be axed after its removal from U-verse, the bad news is it could still be a ways off, as we're told 3D broadcasts are expected when the extension takes effect in 2014. Sadly, 3D early adopters are probably used to waiting, with unbundled retail availability of Avatar still pending for 2012, this is just one more item to add to your calendar.
LightSquared inks multi-year deal with PowerNet Global, quest for LTE domination continues
Unless you've been living under a rock, you've probably heard of a little start-up called LightSquared and its ambitious plans to blanket these great states in 4G LTE. You may likewise have caught wind of its announcement earlier this year of a fistful of anonymous wholesale partnerships. The LTE wholesaler is now making public a multi-year agreement with Cincinnati-based carrier PowerNet Global, bringing high-speed voice and data to its customer base. The announcement comes on the heels of Sprint's 15-year agreement with the wholesale provider and a recent partnership with NetTalk, proving it's going to take more than a little yellow buck to keep LightSquared down. Full PR after the break.
FCC hails spectrum alliances with Canada and Mexico, seeks to reduce border conflicts
It's not every day that the FCC enters into new multinational agreements, so you'll have to forgive us for getting excited over the latest communique between Chairman Julius Genachowski and his counterparts in Canada and Mexico. After much negotiation, the regulatory heads have created a framework to resolve frequency conflicts along our nations' borders. While the deal with Mexico only applies to the 700MHz spectrum, the agreement with Canada also covers the 800MHz range. By reducing interference and maximizing spectrum allocation, Genachowski believes "these arrangements will unleash investment and benefit consumers near the borders by enabling the rollout of 4G wireless broadband service and advanced systems for critical public safety and emergency response communications." Once the policies become official mandates, license holders must coordinate and implement techniques to mitigate signal interference or face some nasty regulatory intervention. If you're a sucker for policy, just leap the break for the full press release.
Sprint and LightSquared confirm agreement, 15 years worth of LTE network sharing and more
The rumors were true, but given the long, torrid affair between these two it shouldn't be a surprise. Sprint and LightSquared have confirmed their intentions to the world, stepping into a whopping 15 year agreement that will be worth $9 billion in cash for Sprint and will save LightSquared an estimated $13 billion. LightSquared will have the right to sell access to Sprint's burgeoning LTE network, while Sprint can also piggy-back on the other's existing capacity where needed. Additionally, LightSquared will be able to roam on Sprint's current 3G network, opening new doors for one while helping the other accelerate its apparent transition to LTE. This is of course good news for Sprint and naturally for LightSquared, which is trying desperately to put the whole GPS fiasco behind it. The loser? Clearwire, we'd say -- and WiMAX in general.
ZTE emerges from carrier shadows with direct sales strategy in UK
In spite of Nokia still reeling from its direct sales-induced hangover, ZTE is pursuing this very sales model with hopes of bolstering its brand recognition -- and it's going to start with the tea and crumpets crowd of England. Following a recently-inked deal, unlocked ZTE handsets will be sold to British consumers through Brightpoint's online and retail distribution channels. While far from mainstream (despite 60 million units sold in 2010), the Chinese manufacturer is looking to escape its private-label shackles and "become a household name synonymous with high quality smartphones and tablets." Of course, the company must contend with a trending consumer preference for carrier-subsidized handsets, blamed by the bigwigs in Espoo as the reason for Nokia's direct-to-consumer pains. Still, if the Shenzhen-based company finds any luck, Londoners will soon discover scores of Amigos, Blades and Skates popping up on the Tube. Hungry for more details? Just follow the link after the break for the full PR.
Nokia and Accenture seal Symbian handover deal
The Is have been dotted, the Ts have been crossed with a flourish, and pretty soon Nokia will have very little indeed to do with its formerly beloved Symbian OS. Oh sure, the company promises to keep it going with such standout devices as the Oro, but responsibility for developing and supporting Symbian is being wholly handed over to Accenture, along with 2,800 employees. When announced back in April, the deal called for 3,000 Nokia worker bees to make the jump over, so we suspect a few more (hopefully voluntary) redundancies are making up the difference with the new number. Now that everything's been finalized, you can expect the switchover to take place in "the early part of October." Accenture promises to care for its ailing patient through 2016, after which point even the most die-hard of fans will have to make the switch to a mobile OS from the 21st century. Full PR after the break.
LightSquared and Sprint reportedly sign 15-year LTE agreement
Apparently Sprint's none too concerned about recent complaints from the likes of John Deere and the federal government about LightSquared's potential interference with GPS signals. A letter obtained by Bloomberg reveals that Sprint has signed a 15-year deal with Falcone and co., agreeing to share network expansion costs in return for a slice of the sweet LTE service. According to the document, "LightSquared and Sprint will jointly develop, deploy and operate LightSquared's 4G LTE network." The report comes on the heels of rumors of a $20 billion agreement between the two companies. Unfortunately for both parties, no amount of billion dollar bills will shake impending scrutiny from the FCC.
iTunes Match not coming to the UK until 2012?
Music collectors in the US will be able to subscribe to Apple's iTunes Match service this fall, but it looks like our friends across the pond will have to wait a little longer before lofting their libraries up to the cloud. According to sources within the British recording industry, licensing negotiations between Apple and the country's major labels have only just begun and likely won't be concluded until 2012. A spokesman for the Performing Right Society, an organization that protects the rights of musicians and songwriters, likened the situation to the launch of iTunes, which only spread to international markets some 14 months after launching in the US. Speaking to the Telegraph, Forrester Research vice president Mark Mulligan echoed these predictions, while offering some insight into the industry's approach: "Apple's cloud music service will not launch in the UK until at least quarter one of 2012. These types of negotiations take a long time... For one thing the UK arms of all the major record labels are biding their time and waiting to see how the service affects download sales in the US before they sign up to anything." Neither Apple nor any of the major labels have commented on the negotiations, but if things drag on we'd be willing to share our cloudy iTunes in exchange for a crack at Spotify.
Perfect World acquires Cryptic Studios
We've been on pins and needles since Atari announced two weeks ago that it was planning to sell off Cryptic Studios. Champions Online and Star Trek Online players were worried about the future of their titles, generating many rumors as to what might happen next . Today, we know the answer. Perfect World Company has inked a deal to purchase Cryptic from Atari. Euro Investor has the full agreement between the two companies, which details the specifics of this $50+ million purchase. The Chinese firm, which already has a host of MMOs under its umbrella, is taking over 100% of Cryptic's equity from Atari. Perfect World's Michael Chi thinks that this will give the company more credence in the western market: "We are very pleased to sign the agreement to acquire Cryptic Studios. This strategic acquisition will add attractive game titles to our portfolio, which will help us further penetrate into the U.S. and global online game markets. More importantly, Cryptic Studios' highly reputable development team and its technology platform will further strengthen our well-established R&D capabilities. We deem this as another noteworthy achievement of our global expansion efforts." Hopefully, this deal will mean nothing but good things for Cryptic, which is also deep into development with Neverwinter. [Thanks to everyone who sent this in!]
European Commission regains sanity, cancels €22 million SYMBEOSE project
Last November, to the surprise and dismay of many, the European Commission decided it needed to stimulate some homegrown innovation in the mobile space and pulled together €22 million in a public/private investment designed to help Symbian get ahead. It was intended to turn Nokia's former lover into the Embedded Operating System for Europe (hence the name SYMBEOSE), but alas the breakup between Symbian and the Finnish mobile maker was too much to overcome. The EC has decided, quite rightly, that there's no sense in continuing its symbtopia project, and now a member of Neelie Kroes' team has confirmed the entire venture has been cancelled. European taxpayers (two of whom you see on the right) will also be glad to know that no money has exchanged hands, so the bullet has been well and truly dodged. Guess that's why they're looking so happy. [Thanks, Danijel] Update: Nokia has confirmed the foregoing in a statement, which you can find after the break.
The AT&T / T-Mobile senate hearing: deciphering the war of words
Over the course of the next year, AT&T and its opponents will be in the ring, duking it out in a war of words in attempt to convince the government that a $39 billion takeover of T-Mobile by AT&T should or should not take place. Consumers have the most to win or lose here, yet we are resigned to watching from the sidelines as both sides lob countless facts and stats at each other like volleys in a tennis match. If you look at the merger process as a stairway to climb up, AT&T is still near the very bottom. Every rung will be full of intense scrutiny as it is: if the two companies are allowed to merge, the national GSM market becomes a monopoly, and the wireless industry as a whole would shift to only three national players plus a handful of less-influential regional carriers. The carrier's going to blow as much as $6 billion if the merger is not approved -- almost enough to buy Skype -- it can't just expect to put up some feel-good facts and stats to win the hearts of the decision-makers. AT&T has to be absolutely sure it'll come out victorious in the war, else it risks losing the trust (and money) of its shareholders. But to accomplish such a feat, it has to be on top of its game. There was no better time to show off what it's made of than last week's Senate Judiciary Committee hearing conducted by the Subcommittee on Antitrust, Competition Policy and Consumer Rights. When the Committee entitles a hearing "Is Humpty Dumpty Being Put Back Together Again?," it's either exercising a sense of humor or a preconceived notion of the merger due to the implication that Ma Bell is simply reforming. CEO Randall Stephenson appeared as a sacrificial lamb, going before Congress and his opponents to explain his side of the story, answer hardball questions, and endure a hard-hitting round of criticism. Continue reading as we take you topic by topic and examine what he -- and his opponents -- had to say about the merger.
Netflix seals deal to stream Miramax movies, starting in June
Netflix has just gone and scooped up another big content deal for itself. The movie streaming service has tied the knot with Miramax on a multi-year agreement to allow streaming of films from the latter's extensive library. Pulp Fiction, The English Patient, Kill Bill, and hundreds of others will be added to the Netflix Watch Instantly catalog on a rotating basis, starting next month. This marks the first time Miramax flicks have been available on a digital subscription service. An agreement between these two companies was last rumored in March, with a five-year term and $100 million price being mooted as the likely parameters for getting it done. Neither outfit would disclose the cost to Netflix, but the benefit to you, dear subscriber, is pretty obvious. Full PR after the break.
Reuters: a failed takeover of T-Mobile would cost AT&T as much as $6 billion
AT&T's proposed acquisition of T-Mobile was a big deal as soon as it was announced, but now Reuters has unearthed some more context to lend it even more cruciality. We already knew that in the event of AT&T&T-Mobile failing to garner regulatory approval, AT&T would owe Deutsche Telekom, the current owner of T-Mo USA, $3 billion in cash, some spare AWS spectrum, and a roaming agreement "on terms favorable to both parties." Reuters' sleuths say that the spectrum in question is worth $2 billion and the roaming deal a further $1 billion, bringing the total breakup payout to a hair-raising $6 billion. Given the wording of the two companies' deal, we don't expect the roaming part of that settlement would be free for T-Mobile (so $6b looks to be a bit of an over-estimation), but the fact remains that AT&T is staking a whole lot of moolah on this takeover going through. Whether it does or not, Deutsche Telekom's René Obermann (above left) looks assured to still be laughing this time next year -- but will the same be true of AT&T's Randall Stephenson?
Cellular South inks deal with LightSquared, gets LTE with stroke of a pen
Cellular South just dropped a nugget, announcing it's hopped aboard with LightSquared to provide nationwide LTE service to its 900,000 subscribers. In turn, the 4G wholesaler promised to bring coverage to rural communities (and offer satellite service for those in really distant locales). Cellular South joins Cricket, Best Buy Connect and SI Wireless as the latest to add LTE coverage the easy way, though they're left waiting for the network to come online sometime in 2012. Meanwhile, LightSquared continues working to resolve those pesky GPS concerns, with a final report due to the FCC on June 15th. PR after the break. [Image courtesy Flickr]
Samsung sells HDD division to Seagate for $1.375 billion
We're firmly of the belief that SSDs are our future and Samsung would seem to agree. The Korean electronics giant has just announced that it's selling its hard disk drive-manufacturing arm to Seagate Technology for a neat $1.375 billion in equal measures of cash and stocks. As a result, Samsung Electronics will own approximately 9.6 percent of Seagate and get to nominate one new member to join Seagate's Board of Directors, while the two companies have further agreed to deepen their strategic relationship with related cross-licensing and supply stipulations. Samsung will provision Seagate's solid state drives with NAND flash memory, whereas Seagate will furnish Samsung's PCs and consumer electronics products with hard disk storage. The deal is expected to complete in full by year's end and you can read all about it in Seagate's press release after the break. [Thanks, Pavel]
Motorola and Huawei drop pending lawsuits, enter into new info-sharing agreement
After months of fighting on the playground, Motorola and Huawei have finally come to an agreement to settle their differences once and for all. Both parties have now dropped their pending lawsuits, with Motorola originally accusing Huawei of stealing trade secrets from its former employees, and later on Huawei getting all worried about Motorola leaking confidential information over their partnership to the rivaling Nokia Siemens Networks. The new agreement will now allow Motorola "transfer its commercial agreements with Huawei to NSN for a fee," which would then permit NSN use this info to service Motorola's networks that utilise Huawei's equipment. Aww, isn't it nice when money solves everything? Press release after the break.
iRobot agrees to provide US Navy with bomb disposal and recon bots in a deal worth up to $230 million
iRobot may still be best known as the creator of the homely Roomba vacuum-cleaning drone, but savvy readers will know the company's endeavors span a pretty broad range of robot-related activities. One of those has now borne fruit in the shape of a multiyear agreement with the US Navy for the provision of "portable robotic systems" that can identify and dispose of explosives while also performing a bit of reconnaissance work in their spare time. The announcement doesn't tell us the particular model(s) or number of bots that will be provided, but there is clarification to say that iRobot will be responsible for providing spares, repairs, training, and accessories along with the hardware, with the total revenue for the company potentially swelling to $230 million over the full course of the contract, which lasts through 2015. Our guess is that the "throwable" robot shown off a couple of weeks back would be a good candidate for this task, though we doubt it'll be thanking us for endorsing it for such perilous work.
Cricket ties up with LightSquared for LTE roaming agreement
Throwing a little caution to the wind over brewing GPS interference concerns, Cricket -- the CDMA budget carrier that specializes in contract-free plans -- has hooked up with LightSquared to deliver additional LTE service through a roaming agreement that'll supplement its own rollout "over the next few years. " All told, the moves should bring it up to technological speed with archrival MetroPCS, which deployed LTE last year (beating Verizon to market, actually) and currently has a pair of Samsung-sourced handsets on the market to take advantage of it. For LightSquared's part, this is exactly the type of deal they've been looking to ink: the company has expressed no interest in lighting up a retail-facing carrier of its own, instead offering wholesale LTE deals to other carriers -- like, say, Cricket -- who don't necessarily have the spectrum, the time, or the budget to roll out 4G in earnest. Follow the break for LightSquared's press release. [Thanks, Mark]
