News of Note—Half of Hulu subscribers pay to cut commercials; Lionsgate buys 3 Arts

News of note

> Lionsgate has acquired a majority stake in talent management and production company 3 Arts Entertainment, which will continue to operate under the leadership of its partners with an operating board. FierceVideo story

> More than half of internet users in the U.S., United Kingdom, Brazil, Japan and Germany watched video content away from their homes at least once a month, with 1 out of 6 doing so on a daily basis, IHS Markit found in a first-quarter 2018 survey. Multichannel News story

> On Tuesday, Huawei released the results of its fifth Global Connectivity Index (GCI), which included that AI could almost double the value of the global digital economy to $23 trillion by 2025 compared to $12.9 trillion last year when it accounted for 17% of global gross domestic product. FierceTelecom story


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> Qualcomm continues to work to expand its opportunities: Today, the company announced a new chip, the Snapdragon XR1 Platform, that’s designed specifically for virtual and augmented reality goggles and glasses, like the Oculus Go. The product is the latest indication that Qualcomm hopes to grow its opportunities beyond the slowing smartphone market. FierceWireless story

>  Fox CEO James Murdoch said that about 50% of Hulu subscribers are willing to pay $11.99 per month to cut down on ads popping up during streams. FierceVideo story

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