Apollo Global Management announced that Outerwall would be split into three separate businesses, with longtime CFO Galen Smith named CEO of Redbox. James Gaherity and David Maquera were promoted to CEO positions of the Coinstar and ecoATM businesses, respectively.
Time Warner — a major supplier and generator of content to multichannel video program distributors — has projected a sub decline from 1% to 1.5% for the year. CEO Jeff Bewkes thinks it’s closer to 2%. Yet, speaking to an investor group recently, Bewkes embraced OTT video.