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Good news for Rupert Murdoch’s empire

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Original article by John Kehoe
The Australian Financial Review – Page: 17 : 18-Nov-16

Rupert Murdoch’s News Corporation and 21st Century Fox will benefit from plans by president-elect Donald Trump to reduce the US corporate tax rate from 35 per cent to 15 per cent. Trump’s vow to block the proposed merger of telco AT&T and media giant Time Warner will also be welcomed by Murdoch, who made an aborted takeover bid for the latter in 2014. Likewise, Trump’s election win has ensured that he will not establish a TV network that would target a similar audience to Murdoch’s Fox News.

CORPORATES
NEWS CORPORATION – ASX NWS, 21ST CENTURY FOX INCORPORATED, AT&T CORPORATION, TIME WARNER INCORPORATED, FOX NEWS, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, REPUBLICAN PARTY (UNITED STATES), DEMOCRATIC PARTY (UNITED STATES)

Guthrie defends Netflix, ABC deal

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Original article by Max Mason
The Australian Financial Review – Page: 29 : 17-Nov-16

ABC MD Michelle Guthrie has defended the public broadcaster’s deal to produce a second series of drama "Glitch" in partnership with Netflix. She has told the Screen Forever conference that ABC viewers now expect drama shows to have the same production values as those produced by subscription video-on-demand services, and notes that producing such content is becoming increasingly expensive. The co-production deal will give Netflix global streaming rights to "Glitch".

CORPORATES
AUSTRALIAN BROADCASTING CORPORATION, NETFLIX INCORPORATED, MATCHBOX PICTURES PTY LTD, FILM VICTORIA, AMC NETWORKS, SUNDANCE TV

Foxtel’s Tonagh looks within for TV content

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Original article by David Swan
The Australian – Page: 22 : 17-Nov-16

Pay-TV group Foxtel could start producing its programs in-house instead of simply licensing them, according to CEO Peter Tonagh. He says the cost of Foxtel’s content is continuing to rise, adding that the company intends to redirect more of its expenditure to exclusive content. Tonagh has also told the Screen Forever conference that there has been an increase in Foxtel subscriptions over the last 12 months, while Netflix subscriptions have fallen. He added that some consumers have cancelled their Netflix or Stan subscription after signing up to Foxtel.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, NETFLIX INCORPORATED, STAN ENTERTAINMENT PTY LTD, PRESTO ENTERTAINMENT PTY LTD, HBO

Legal row over WA lithium discovery

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Original article by Paul Garvey
The Australian – Page: 22 : 15-Nov-16

Australian-listed Kidman Resources has rejected claims by Marindi Metals that it has a binding agreement to acquire the Earl Grey lithium deposit. Marindi engaged in email discussions with Kidman in April 2016 regarding the acquisition of the latter’s lithium rights at its tenements in Western Australia, and it alleges that these discussions constitute a binding contract. Kidman subsequently commenced a drilling program which resulted in the Earl Grey discovery.

CORPORATES
KIDMAN RESOURCES LIMITED – ASX KDR, MARINDI METALS LIMITED – ASX MZN, ROX RESOURCES LIMITED – ASX RXL, TECK CORPORATION