Federal regulators April 25 formally approved Charter Communications’ $88 billion acquisition of Time Warner Cable. The union creates the third-largest cable operator after Comcast and AT&T/DirecTV with 17.3 million subscribers. The new Charter also boasts the second-largest broadband penetration with 19.4 million households.
Lionsgate April 25 announced it is licensing select movies to Valve Corp., a Bellevue, Wash.-based video game publisher and social media platform distributor. Specifically, Lionsgate is distributing more than 100 titles through the company’s Steam transactional digital platforms, which include virtual reality. Transactional video-on-demand rentals are priced from $3.99.
Sony Pictures Home Entertainment April 25 announced a multiyear agreement with Vega Baby Films to distribute and market the Singapore-based film finance, production and distribution company’s films globally in both physical and digital formats.