Kristin Brzoznowski

LOS GATOS: Netflix released Q2 earnings that showed it added 1.7 million subscribers in the quarter, missing its own guidance by a wide margin.

BURBANK: FremantleMedia North America (FMNA) is acquiring Random House Studio, formerly part of trade book publisher Penguin Random House.

According to Zenith’s Online Video Forecasts 2016 report, mobile devices will overtake "fixed devices" this year to become the main platform for viewing online video. The firm is forecasting that consumers will spend an average of 19.7 minutes a day viewing online videos on their mobile devices (smartphones and tablets), compared to 16 minutes on fixed devices (both desktop computers and smart TV sets).

BOSTON: Strategy Analytics is forecasting that the Asia-Pacific region will overtake North America this year to become the world's biggest market for digital advertising spend.

BEVERLY HILLS: Netflix has renewed its family drama Bloodline for a third season, while also greenlighting a Kathy Bates-starring comedy from The Big Bang Theory creator Chuck Lorre.

SYDNEY: A new agreement between Screen Producers Australia (SPA) and the union representing Australian performers (Media Entertainment and Arts Alliance or MEAA) provides broadcasters greater flexibility to schedule and promote Australian programs than ever before.

LONDON: ITV is selling UTV Ireland to Virgin Media, which will also take over a ten-year program supply agreement with ITV Studios Global Entertainment.

GENEVA: The EBU has revealed the nominees for the 55th annual Rose d’Or Awards, which span six categories for television and online video: reality and factual entertainment, game show, comedy, sitcom, entertainment and, new for 2016, drama series.

BEVERLY HILLS: WME-IMG is set to acquire the MMA organization UFC in a deal valued at $4 billion.

A new Strategy Analytics report finds that prices for pay TV are holding steady in most countries, though the introduction of "skinny bundles" is driving the minimum cost down in places such as Canada and Denmark.