Media Investment | Business
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Strategic Venue Partners has formed a new company focused on comprehensive wireless infrastructure solutions for enterprise in-building distributed antenna systems (DAS), technology suited to supporting streaming video.
Google has acquired virtual reality (VR) studio Owlchemy Labs in a deal that signals ramped-up development in the space by the search giant.

After a trend of weakness in ad sales, profits at AMC Networks took a hit in the first quarter. Higher programming and marketing costs for its domestic cable networks as well as international losses didn’t help matters.
US regulators have approved Time Warner’s sale of its only TV station, which was seen as a hurdle for gaining clearance for its proposed $85.4 billion sale to AT&T.
Viacom International Media Networks has acquired a majority interest in Porta dos Fundos, a Brazilian producer of independent short-formats.

Defense Media Activity (DMA) has awarded DigitalGlue a $10+ million contract to supply a full scope of design and engineering services, software and equipment to upgrade The American Forces Network’s (AFN) transmission systems.