Netflix Says That Game Engagement Tripled in 2023

3 months 2 weeks ago
Netflix said that user engagement with games on the service tripled in 2023. Engadget: "[Despite] games still being small, and certainly not yet material relative to our film and series business, we're pleased with this progress," the company said in its earnings report on Tuesday. As an example, the company pointed to the addition of the Grand Theft Auto trilogy to the service last year, although it isn't clear how much the trilogy, which only arrived on Netflix on December 14, helped drive engagement in the final two weeks of the year. Netflix said that Grand Theft Auto has become its "most successful launch to date" in terms of installs and engagement. It didn't say how many people had downloaded the trilogy since it was released on the platform, however. Some customers had signed up for Netflix just to play the Grand Theft Auto games, the company said.

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Alaska Air CEO Says Loose Bolts Found in 'Many' Boeing Jets

3 months 2 weeks ago
Alaska Air Group found loose bolts on "many" of its Boeing 737 Max 9 aircraft following the midair blowout of a panel on one of its planes earlier this month, the carrier's chief executive officer said in an interview with NBC. Bloomberg: The accident has prompted some "very tough, candid conversations" with Boeing about the planemaker's operations, Alaska CEO Ben Minicucci told NBC in the interview, which aired late Tuesday. "I am angry. I'm more than frustrated and disappointed," he said. "My demand on Boeing is what are they going to do to improve their quality programs in-house?" US safety regulators ordered all Max 9 planes grounded following the Jan. 5 incident, which left a gaping hole in the side of a jet and forced an emergency landing. No one was seriously injured. Minicucci said there was a "guardian angel" on the flight. Manufacturing quality at Boeing is facing deep scrutiny from regulators, customers and the planemaker itself in the wake of the blowout. While Alaska and United Airlines Holdings, another large operator of the Max model, have performed inspections on some of the aircraft, they're awaiting final specifications from the Federal Aviation Administration and Boeing before the planes can fly again. "Boeing is better than this," Minicucci said. "Flight 1282 should never have happened."

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Ebay To Eliminate 1,000 Jobs, or 9% of Full-Time Workforce

3 months 2 weeks ago
Ebay said Tuesday that it plans to lay off 9% of the company's workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. From a report: Jamie Iannone, Ebay's CEO, told employees in a letter published on a corporate blog, that the company will also "scale back the number of contracts we have within our alternate workforce over the coming months." Iannone said the job cuts are necessary because Ebay's "overall headcount and expenses have outpaced the growth of our business. To address this, we're implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our customers around the world. Shortly, we will begin notifying those employees whose roles have been eliminated and entering into a consultation process in areas where required."

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Apple Dials Back Car's Self-Driving Features and Delays Launch To 2028

3 months 2 weeks ago
Apple, reaching a make-or-break point in its decade-old effort to build a car, has pivoted to a less ambitious design with the intent of finally bringing an electric vehicle to market. Bloomberg: After previously envisioning a truly driverless car, the company is now working on an EV with more limited features, according to people with knowledge of the project. Even so, Apple's goal for a release date continues to slip. With the latest changes, the company looks to introduce the car in 2028 at the earliest, roughly two years after a recent projection, said the people, who asked not to be identified because the deliberations are private. Apple's secretive effort to create a car is one of the most ambitious endeavors in its history, and one of its more tumultuous. Since it began taking shape in 2014, the project -- codenamed Titan and T172 -- has seen several bosses come and go. There have been multiple rounds of layoffs, key changes in strategy and numerous delays. But it remains one of the company's potential next big things -- an entirely new category for the device maker that could help reinvigorate sales growth. Apple's revenue stalled last year as it contended with a maturing smartphone industry and a slowdown in China, its biggest overseas market.

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Netflix is Going To Take Away Its Cheapest Ad-Free Plan

3 months 2 weeks ago
Although Netflix no longer allows new or returning members to sign up for the ad-free Basic subscription that costs $11.99 per month, company executives told investors while reporting its earnings results today that it's retiring the plan in some countries where ad-supported plans are available. It's starting with Canada and the UK in the second quarter of this year. From a report: That leaves subscribers with Netflix's $15.49 per month option as Netflix's cheapest ad-free plan. Going from $11.99 to $15.49 per month is a pretty big jump, and means there's really no middle ground for ad-free plans. Otherwise, subscribers will have to pay $6.99 per month for its ad-supported basic plan or $22.99 per month for the Premium tier. Netflix stopped letting new subscribers sign up for its Basic plan in Canada last year before rolling out the change to the US and UK.

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Biden Aims To Stop Countries From Exploiting Americans' Data for Blackmail, Espionage

3 months 3 weeks ago
The Biden administration is preparing an executive order that seeks to prevent foreign adversaries from accessing troves of highly sensitive personal data about Americans and people connected to the US government, Bloomberg News reported, citing documents. From the report: The administration plans to soon unveil the new executive order, which will direct the US Attorney General and Department of Homeland Security to issue new restrictions on transactions involving data that, if obtained, could threaten national security, according to three people familiar with the matter, who asked not to be named as the details are still private. The draft order focuses on ways that foreign adversaries are gaining access to Americans' "highly sensitive" personal data -- from genetic information to location -- through legal means. That includes obtaining information through intermediaries, such as data brokers, third-party vendor agreements, employment agreements or investment agreements, according to a draft of the proposed order. In addition, organizations owned, controlled or operated by "countries of concern" are often obligated to hand such data over to the government when asked.

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FTC Bans TurboTax From Advertising 'Free' Services, Calls It Deceptive

3 months 3 weeks ago
The Federal Trade Commission ruled in a final order and opinion Monday that TurboTax, the popular tax filing software, engaged in deceptive advertising and banned the company from advertising its services for free unless it is free for all customers. CNN adds: By running ads for "free" tax services that many customers were not qualified for, the tax filing software violated the FTC Act and deceived consumers, the agency said. The FTC had first sued Intuit, TurboTax's owner, for its deceptive advertising in 2022. The FTC staff alleged most tax filers couldn't use the company's "free" services -- "such as those who get a 1099 form for work in the gig economy, or those who earn farm income." TurboTax advertising their products as free misled those customers, according to the FTC. The FTC Administrative Law Judge D. Michael Chappell announced the initial decision in September, which the commission upheld Monday. Intuit had appealed to the FTC as part of the process. In a statement Monday, Intuit said it has appealed "this deeply flawed decision" to federal circuit court outside of the FTC. "Absolutely no one should be surprised that FTC Commissioners -- employees of the FTC -- ruled in favor of the FTC as they have done in every appeal for the last two decades. This decision is the result of a biased and broken system where the Commission serves as accuser, judge, jury, and then appellate judge all in the same case," an an Intuit spokesperson said.

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Gummy Vitamins Are Just Candy

3 months 3 weeks ago
Gummy vitamin supplements have surged in popularity, with sales projected to double to $14 billion by 2027. However, experts warn that the candy-like taste and texture increase risks of overdosing, especially among children, as calls to Poison Control for melatonin overdoses have jumped 530% in a decade. Formulating vitamins into gummies also leads to faster nutrient degradation from heat, light and moisture than pills. Testing shows gummy vitamins often contain far more or less of ingredients than labels state. While some sweetness makes supplements appealing, gummies mimic candy too closely at the expense of safety and reliability. The Atlantic: A recent analysis of melatonin and CBD gummies yielded similar results: Some contained as much as 347 percent the amount of those substances stated on the label. Because the FDA generally does not regulate supplements as drugs, such wild variability is accepted in a way that it isn't for actual pharmaceuticals. (In 2020, the FDA granted the first-ever Investigational New Drug Application for a gummy medication, though no such product appears to have come to market.) "If you have something that you need a specific amount of every time you take it, gummies are not the way to go," says Pieter Cohen, a doctor at Cambridge Health Alliance, in Somerville, Massachusetts, and the lead author of the melatonin-CBD research. Taking too much of a supplement is generally not as dangerous as taking too much of a prescription drug, but, as Breuner noted, many supplements taken in sufficient excess can still be toxic. When I asked Cooperman what advice he had for people trying to navigate all of this, his answer was simple: "Don't buy a gummy." Perhaps the rise of gummy supplements was inevitable. The supplement industry has become so big in part because it can promote its products as, say, boosting the immune system or supporting healthy bones, without subjecting them to the strict regulatory demands imposed on pharmaceuticals. Supplements blur the line between food and drug, and gummy supplements -- designed and marketed on the premise that healthy stuff can and should taste as good as candy -- only intensify that blurring. Cohen, for one, thinks the distinction is worth preserving. Calcium supplements should not go down as easy as Haribos. That may be a bitter pill to swallow, but not everything can taste like candy.

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Google Chrome Gains AI Features Including a Writing Helper

3 months 3 weeks ago
Google is adding new AI features to Chrome, including tools to organize browser tabs, customize themes, and assist users with writing online content such as reviews and forum posts. The writing helper is similar to an AI-powered feature already offered in Google's experimental search experience, SGE, which helps users draft emails in various tones and lengths. With the built-in Chrome writing tool, Google said users could potentially compose business reviews, RSVP messages, rental inquiries, and posts for online forums. TechCrunch adds: The still-experimental feature will be accessible in next month's Chrome release by right-clicking on a text box or field on the web and then choosing "help me write." To get started, you'll first write a few words and then Google's AI will jump in to help.

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China Quietly Pulls Draft Gaming Rules From Website

3 months 3 weeks ago
Beijing has quietly pulled the proposed curbs on the video game industry from the official website, weeks after the draft guidelines wiped tens of billions of dollars off the market value of local titans. From a report: The link to the draft rules was no longer accessible as of this morning, Haitong Securities reported earlier on Tuesday. Shares of Tencent and NetEase jumped on the news. "This could possibly indicate that there will be further changes in the new measures," wrote Haitong analysts in the note. The move follows Beijing also removing a key official -- the head of the publication bureau of Communist Party's Propaganda Department -- over the handling of the release of the draft rules, which caught investors and gaming giants by surprise.

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We Need To Talk About Franklin Templeton

3 months 3 weeks ago
FT Alphaville: Making fun of corporate brands embarrassing themselves online is like shooting fish in a barrel. It's not hard, but washing off the resulting splatter of blood, scales, innards and half-digested crab is, so no one wins. Honestly though, what the hell Franklin? Really? OK maybe Alphaville should tread carefully here, given some readers see our ~cough~ somewhat different approach to news and commentary as at odds with mainFT's brand. But like Meb Faber we prefer our trillion-dollar asset management groups to be boring. Stick to solid, sober and purportedly smart investing. Don't tweet that 60/40 retirement portfolios should include "assets" where it gleefully says "speculation is a feature, not a bug." Especially when said asset manager was famously named after Benjamin Franklin, because according to founder Rupert Johnson he "epitomised the ideas of frugality and prudence when it came to saving and investing." We get that Franklin needs to revamp itself. Despite a spate of aggressive M&A swelling its assets to $1.4tn, its share price has sagged over the past decade, giving it a current market cap of $13.6bn. That's less than AppLovin, Domino's Pizza and the world's biggest producer of frozen potato chips. It's only barely enough for inclusion into the S&P 500. Beyond the obvious and well-documented challenges of being a very traditional active asset manager in a world that mostly loves alternatives and passive funds, Franklin also has a rep for being a bit old-fashioned. Promoting crypto therefore probably seems like an obvious, fellow-kids way to seem more cool and edgy.

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Palworld Embroiled in AI and Pokemon 'Plagiarism' Controversy

3 months 3 weeks ago
Steam's newest hit survival game, Palworld, has been accused of plagiarising designs from Pokemon, as social media users negatively highlight its creator's historical association with generative AI tools. VideoGamesChronicle: Palworld by Japanese studio Pocketpair released into early access on PC and Xbox on Friday, and immediately became a breakout success, with its creator claiming 2 million sales in 24 hours. The huge launch exposure inevitably reignited discourse that has followed Palworld since its announcement, around its character designs' apparent similarities to Pokemon. Although the gameplay of Palworld is closer to survival games like Ark and Rust than Game Freak's series, many social media users have noted the obvious influences its character designs have taken from the Nintendo series. Following Palworld's release on Friday, some X users collated perceived similarities between Palworld's 'Pals' and Pokemon. "It's not even subtle about its rip offs, how much else has it stolen?" wrote one user. Another added: "I want to like Palworld, but I don't know if I can support running existing Pokemon through a fusor and passing them off as 'new' IP." The situation is further muddled in the eyes of some by Pocketpair's historical relationship with generative AI tools. Artist Zaytri noted on X that one of its previous titles was 'AI: Art Imposter,' a game which literally utilises an AI image generator as its core mechanic. The user also highlighted multiple historical X posts by Pocketpair's CEO Takuro Mizobe, in which he appeared to praise the potential of AI image generators for content creation.

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Netflix Buys Rights To WWE's 'Raw,' Its First Big Live Event

3 months 3 weeks ago
Netflix has acquired the exclusive rights to Raw as well as other programming from World Wrestling Entertainment, marking the streaming service's first big move into live events. From a report: Raw will air on Netflix in the US, Canada, Latin America and other international markets beginning in January 2025, after the expiration of the WWE's domestic deal with Comcast. The company will also become the exclusive home outside the US for all WWE shows and specials, including Smackdown and NXT, as well as pay-per-view live events like Wrestlemania, SummerSlam and Royal Rumble. The pay-per-view events will be included at no additional cost for Netflix customers. After attracting more than 200 million customers by offering films and TV shows on-demand, Netflix has now committed to offering three hours of live wrestling a week starting next year. The company hopes the deal will bring in millions of loyal WWE viewers and provide a boost for its fledgling advertising-supported plan. Netflix has been dabbling in live events for the last year, airing a live comedy special, as well as a golf match, but this is the first long-term rights deal. The WWE is the latest major live event to shift from cable TV to streaming. Ultimate Fighting Championship, which like WWE is owned by TKO Group Holdings, offers many of its matches on ESPN+, while the National Football League sold Amazon the rights to Thursday Night Football. A playoff game on Comcast's Peacock just delivered the largest streaming audience for any professional sports event in the US. The deal 10-year deal is valued at more than $5 billion, CNBC reported.

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EFF Adds Street Surveillance Hub So Americans Can Check Who's Checking On Them

3 months 3 weeks ago
An anonymous reader quotes a report from The Register: For a country that prides itself on being free, America does seem to have an awful lot of spying going on, as the new Street Surveillance Hub from the Electronic Frontier Foundation shows. The Hub contains detailed breakdowns of the type of surveillance systems used, from bodycams to biometrics, predictive policing software to gunshot detection microphones and drone-equipped law enforcement. It also has a full news feed so that concerned citizens can keep up with the latest US surveillance news; they can also contribute to the Atlas of Surveillance on the site. The Atlas, started in 2019, allows anyone to check what law enforcement is being used in their local area -- be it license plate readers, drones, or gunshot detection microphones. It can also let you know if local law enforcement is collaborating with third parties like home security vendor Ring to get extra information. EFF policy analyst Matthew Guariglia told The Register that once people look into what's being deployed using their tax dollars, a lot of red flags are raised. Over the last few years America's thin blue line have not only been harvesting huge amounts of data themselves, but also buying it in from commercial operators. The result is a perfect storm on privacy -- with police, homeowners, and our personal technology proving to be a goldmine of intrusive information that's often misused.

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Google and AT&T Invest In AST SpaceMobile For Satellite-To-Smartphone Service

3 months 3 weeks ago
AT&T, Google and Vodafone are investing a total of $206.5 million in AST SpaceMobile, a satellite manufacturer that plans to be the first space-based network to connect standard mobile phones at broadband speeds. Fierce Wireless reports: AST SpaceMobile claims it invented the space-based direct-to-device market, with a patented design facilitating broadband connectivity directly to standard, unmodified cellular devices. In a press release, AST SpaceMobile said the investment from the likes of AT&T, Google and Vodafone underscores confidence in the company's technology and leadership position in the emerging space-based cellular D2D market. There's the potential to offer connectivity to 5.5 billion cellular devices when they're out of coverage. Bolstering the case for AST SpaceMobile, Vodafone and AT&T placed purchase orders -- for an undisclosed amount -- for network equipment to support their planned commercial services. In addition, Google and AST SpaceMobile agreed to collaborate on product development, testing and implementation plans for SpaceMobile network connectivity on Android and related devices. AST SpaceMobile boasts agreements and understandings with more than 40 mobile network operators globally. However, it's far from alone in the D2D space. Apple/Globalstar, T-Mobile/SpaceX, Bullitt and Lynk Global are among the others.

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NASA Finally Unlocks Canister of Dust From 4.6 Billion-Year-Old Asteroid

3 months 3 weeks ago
NASA announced Friday that it finally got a canister of asteroid dust open, four months after it parachuted down through the Earth's atmosphere into the Utah desert. The Guardian reports: The space administration announced Friday that it had successfully removed two stuck fasteners that had prevented some of the samples collected in 2020 from the 4.6bn-year-old asteroid Bennu, which is classified as a "potentially hazardous" because it has one in 1,750 chance of crashing into Earth by 2300. Most of the rock samples collected by Nasa's Osiris-Rex mission were retrieved soon after the canister landed in September, but additional material remaining inside a sampler head that proved difficult to access. After months of wrestling with the last two of 35 fasteners, scientists in Houston managed to get them dislodged. "It's open! It's open!" Nasa's planetary science division posted on Twitter/X. The division also posted a photograph of dust and small rocks inside the canister. According to the Los Angeles Times, the team designed custom tools made from a specific grade of surgical, non-magnetic stainless steel to pry it open -- all without the samples being contaminated by Earthly air. Nasa said it will now analyze the nine-ounce sample.

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CDC Now Encouraging Doctors To Consider More Blood Testing For 'Forever Chemicals'

3 months 3 weeks ago
An anonymous reader quotes a report from ABC News: Doctors are now being encouraged to consider more blood testing for PFAS, also known as "forever chemicals," according to guidance released (PDF) by the Centers for Disease Control and Prevention (CDC). The federal agency is recommending providers have a discussion with their patients regarding consumer and environmental exposures to large levels of the chemicals, and if blood testing may be of benefit. "This information is intended for individuals and communities around the country, who are concerned about exposure to PFAS to have productive conversations with their medical providers" Dr. Aaron Bernstein, Director of CDC's National Center for Environmental Health (NCEH) and the Agency for Toxic Substances and Disease Registry (ATSDR), told ABC News. "Over 90% of people in this country have been exposed to PFAS and many, many communities around the country there have been very high exposures. And we've learned more and more in recent years about how exposures to PFAS may increase risk for many disease" he added. The new guidance advises providers to consider an individual's exposure history; the results of PFAS testing from a patient's water supply, food sources, or other exposures; and whether those results can inform regarding ways to reduce future exposures. Most Americans are exposed to PFAS through drinking water, according to Bernstein, who also notes that many municipal water agencies are already testing for PFAS, and those test results are typically publicly available. [...] While blood tests for PFAS may help guide exposure reduction or provide psychological relief to patients, such tests do not help identify the source of exposure, nor can they be directly linked to a health condition. There are also currently no approved medical treatments available to reduce PFAS in the body, according to the CDC. "A PFAS level is one piece of data that needs to be taken in a broader context. We need to understand the individual's health history, their family history, what other exposures they may have that might increase the risk of diseases that can also be associated with PFAS," Bernstein said. "What is clear is that this is an evolving landscape [...] we are at a point in time that both the science around PFAS, the accessibility of testing, and what is being tested for is changing. We are committed at CDC to stay on top of it and update this information as needed."

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Modder Recreates Game Boy Advance Games Using the Audio From Crash Sounds

3 months 3 weeks ago
Kevin Purdy reports via Ars Technica: Sometimes, a great song can come from great pain. The Game Boy Advance (GBA), its software having crashed nearly two hours ago, will, for example, play a tune based on the game inside it. And if you listen closely enough -- using specialty hardware and code -- you can tell exactly what game it was singing about. And then theoretically play that same game. This was discovered recently by TheZZAZZGlitch, whose job is to "sadistically glitch and hack the crap out of Pokemon games. It's "hardly a ready-to-use solution," the modder notes, as it requires a lot of tuning specific to different source formats. So while there are certainly easier ways to get GBA data from a cartridge, none make you feel quite so much like an audio datamancer. After crashing a GBA and recording it over four hours, the modder saw some telltale waveforms in a sound file at about the 1-hour, 50-minute mark. Later in the sound-out, you can hear the actual instrument sounds and audio samples the game contains, played in sequence. Otherwise, it's 8-bit data at 13,100 Hz, and at times, it sounds absolutely deranged. "2 days of bugfixing later," the modder had a Python script ready that could read the audio from a clean recording of the GBA's crash dump. Did it work? Not without more troubleshooting. One issue with audio-casting ROM data is that there are large sections of 0-byte data in the ROM, which are hard to parse as mute sounds. After running another script that realigned sections based on their location in the original ROM, the modder's ROM was 99.76 percent accurate but "still didn't boot tho." TheZZAZZGlitch later disclaimed that, yes, this is technically using known ROM data to surface unknown data, or "cheating," but there are assumptions and guesses one could make if you were truly doing this blind. The next fix was to refine the sound recording. By recording three times and merging them with a "majority vote" algorithm, their accuracy notched up to 99.979 percent. That output ROM booted -- but with glitched text and a title screen crash. After seven different recordings are meshed and filtered for blank spaces, they achieve 100 percent parity. You can watch the video describing this feat here. Used source code is also available under the file name "gbacrashsound_dumper.zip."

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IT Consultant Fined For Daring To Expose Shoddy Security

3 months 3 weeks ago
Thomas Claburn reports via The Register: A security researcher in Germany has been fined $3,300 for finding and reporting an e-commerce database vulnerability that was exposing almost 700,000 customer records. Back in June 2021, according to our pals at Heise, an contractor identified elsewhere as Hendrik H. was troubleshooting software for a customer of IT services firm Modern Solution GmbH. He discovered that the Modern Solution code made an MySQL connection to a MariaDB database server operated by the vendor. It turned out the password to access that remote server was stored in plain text in the program file MSConnect.exe, and opening it in a simple text editor would reveal the unencrypted hardcoded credential. With that easy-to-find password in hand, anyone could log into the remote server and access data belonging to not just that one customer of Modern Solution, but data belonging to all of the vendor's clients stored on that database server. That info is said to have included personal details of those customers' own customers. And we're told that Modern Solution's program files were available for free from the web, so truly anyone could inspect the executables in a text editor for plain-text hardcoded database passwords. The contractor's findings were discussed in a June 23, 2021 report by Mark Steier, who writes about e-commerce. That same day Modern Solution issued a statement [PDF] -- translated from German -- summarizing the incident [...]. The statement indicates that sensitive data about Modern Solution customers was exposed: last names, first names, email addresses, telephone numbers, bank details, passwords, and conversation and call histories. But it claims that only a limited amount of data -- names and addresses -- about shoppers who made purchases from these retail clients was exposed. Steier contends that's incorrect and alleged that Modern Solution downplayed the seriousness of the exposed data, which he said included extensive customer data from the online stores operated by Modern Solution's clients. In September 2021 police in Germany seized the IT consultant's computers following a complaint from Modern Solution that claimed he could only have obtained the password through insider knowledge â" he worked previously for a related firm -- and the biz claimed he was a competitor. Hendrik H. was charged with unlawful data access under Section 202a of Germany's Criminal Code, based on the rule that examining data protected by a password can be classified as a crime under the Euro nation's cybersecurity law. In June, 2023, a Julich District Court in western Germany sided with the IT consultant because the Modern Solution software was insufficiently protected. But the Aachen regional court directed the district court to hear the complaint. Now, the district court has reversed its initial decision. On January 17, a Julich District Court fined Hendrik H. and directed him to pay court costs.

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Sony Ends $10 Billion Merger With India Media Giant Zee

3 months 3 weeks ago
Sony has scrapped plans for a $10 billion merger of its Indian unit with Zee Entertainment, "ending a deal that could have created one of the South Asian nation's biggest TV broadcasters," reports Reuters. From the report: The collapse of the deal in content-hungry India creates more uncertainty for TV broadcaster Zee in particular as competition heats up, with Disney, also seeking to merge its Indian businesses with the media assets of billionaire Mukesh Ambani's Reliance. Zee told Indian stock exchanges Sony was seeking $90 million in termination fees for alleged breaches of their merger agreement and emergency interim relief by "invoking arbitration." Zee said it denies all claims made by Sony and would take appropriate legal action. Sony said in a statement certain "closing conditions" to the merger were not satisfied despite "good faith discussions" with Zee, and the companies had been unable to agree upon an extension by their Jan. 21 deadline. "After more than two years of negotiations, we are extremely disappointed ... We remain committed to growing our presence in this vibrant and fast-growing market," it added. While neither Sony nor Zee elaborated on Monday on which conditions had been unfulfilled, a stalemate over who will lead the combined company had put the merger in danger. Zee had proposed that CEO Punit Goenka take the helm, but Sony balked after he became the subject of an investigation by India's market regulator. Zee said on Monday Goenka had been "agreeable to step down in the interest of the merger." A source with direct knowledge however said Sony was not keen to proceed unless Goenka backed out before the closure of the merger, rather than after the deal had been sealed as he had proposed.

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