Just a year after HTC
acquired majority stake in Beats Electronics for $300 million, the company has decided to change its mind. Beats is buying back 25 percent of the shares sold to HTC for $150 million, the same price they initially sold them for. The decision has been marked as part of a "realignment" effort for Beats, which will now "provide Beats with more flexability for global expansion." How that will occur and why they didn't understand this concept a year ago is a bit confusing to me, however even with 25% stake in the company, HTC will be the largest outside shareholder in the company.
HTC will also be able to still have exlusivity to the Beats Audio technology found in their devices. However, things won't turn out so good for them as they are planning to post a $4.8 million loss at the end of this deal. HTC has said that they are selling the shares back due to lack of consumer interest in the audio technology in their phones. Many critics have also said that even with Beats Audio in phones like the HTC Rezound, they were unable to tell a difference in audio quality. For me, using the Rezound and the HP TouchPad, I can attest that having the tech in a mobile device makes my music stand out, especially in high-end car stereo systems.
I suppose the good news out of all of this is that if HTC isn't fully bought into the deal they thought was great a year ago, they won't have to lose all of their $300 million when Beats becomes overtaken by other headphone companies like Monster and Soul by Ludacris. Both of these companies offer new, ground-breaking, affordable headphones of all shapes and styles, without compromising audio quality or over-emphasizing the bass of a song for absolutely no reason.
On top of Hulu's great moves as of recent, like
bringing original foreign programming to the network and introducing a brand new video player with a 10-second rewind, Hulu is continuing their progress by adding more content this week. Larry King, who has been off the air since December 2010, has brought a half-hour interview series to Hulu and Hulu Plus, in a multi-year licensing and distribution agreement.
The new talk show,
Larry King Now, will show up on Monday through Thursday, sometime in the early evening, according to reports, and we've seen the first couple of episodes pop up around 7PM Eastern Time. So far, the guests have been Seth MacFarlane, Meghan McCain and Matthe McConaughey. King has said that his series will continue the same style as that of his CNN show, Larry King Live, in that he will offer up a mixture of high-profile people from political figures to celebrities. The show also looks to incorporate both content and social media into his new show.
Check after the break for King's and Hulu's thoughts on the new deal.
Verizon has realized that small businesses are in desperate need of IT support and feel that they are in the right position to solve the problem. Actually, they feel they are in the right position to brand a solution from another company:
Best Buy's ailing Geek Squad service. The two companies have teamed up to create IT Help Desk, a 24/7 computer solution service in which Geek Squad Agents will take phone questions and solve a myriad of computer problems.
Janet Schijns, vice president of vertical solutions and channels for Verizon Enterprise Solutions, said,
Technology innovation continues to unlock value and create revenue opportunities for small and medium businesses, which are the lifeblood of the U.S. economy. Our new offering allows business owners to tap into today's sophisticated wireless and advanced technologies with the peace of mind that trusted tech support is readily available anytime the need arises.
Verizon seems to think it is a partnership made in heaven. What does Best Buy think of someone wanting the aid of their Geek Squad service? Hit the break.
While Sony prepares the
PlayStation 4, and Microsoft prepares the next Xbox, EA prepares for the PC. EA CEO John Riccitiello recently said in an interview with CNBC,
Just five years ago people said that the PC game business was in a radical state of decline because NPD said it was down 10 percent, 20 percent, 30 percent, year-in year-out... The fastest growing platform for video games today is the PC, but it's growing through subscriptions, through micro transactions and through downloads.
That is a little hard for me to believe - kind of. It all depends on what we consider PC gaming. If we are counting games like
, then I can totally understand why he believes that. SimCity Social SimCity Social has seen huge growth over the past few weeks since launch. Riccitiello also believes there is huge growth in the full title business as well. In regards to FIFA 12,
We had five million players that first week and it's now july, and we've had no fewer than four and a half million players since then.
So, is it possible that PC is gaining traction? Hit the break for more.
It's been almost 2 weeks since Viacom pulled all of its content off of DirecTV, but there is good news for DirecTV customers: the negotiations are over and you can now watch your Nickelodeon again. What happened to get Viacom back on the provider? An agreement worth $600 million per year for seven years to Viacom, a gain of over 20 percent above their previous agreement.
This is less than Viacom had hoped. The original request was for a 30 percent increase, which DirecTV refused to pay, prompting the provider to end their partnership and removing their network suite from the provider. To add insult to injury, Viacom decided to punish everyone for DirecTV's very reasonable decision not to accept a 30 percent increase in licensing fees, by blocking access to its own streaming services. Even
Jon Stewart, who works for Viacom, thought the move was insane, mocking it on his show.
So, what did DirecTV have to say about the agreement? Hit the break for a quote.
It doesn't matter how exciting the launch of a product is, if there are hardware problems, there is no way to overcome it. Whether it be
Canon's sensor housing crack or a tablet whose screen is far below the quality it should be, no software patch can solve it. It becomes an even bigger problem when the product in question is in such high demand that you cannot find a retailer to take back the broken one because they do not have another with which to swap it out.
That is the week Google has been having with their new Google Nexus 7 tablet. Announced at Google I/O last month and launched this month, the Nexus 7 was marketed directly to compete against Amazon's Kindle Fire; a $200 Android-powered, 7-inch tablet. While Amazon went with familiar hardware, specs that were nearly identical to the BlackBerry PlayBook, Google decided to try and be more exciting. The problem is that the screen has caused them a collection of problems.
From loose screws to touch sensitivity issues, Google's screen fails are detailed after the break.