User blog:Ootwar/Old Dominion Media updates (May 2018)

MAY 24, 2018 - New York City

Afrabcom announced today a plan to rebrand as Lastecom Sinclair, citing that "Sinclair is set to become one of their two most important brands, next to [the Afrabcom flagship brand]". Sinclair used to be a brand of Sinclair Telephone & Cable Company before it was acquired by Old Dominion Media back in 2017. Their operations in Europe also merged into three divisions: Afrabcom SW (serving Southern and Western Europe, excluding the UK), Afrabcom EE (serving Eastern Europe) and Afrabcom Nordics.

On the other news, Old Dominion Media announced a new division: Old Dominion Lifestyle and Consumer Products Group. More information about this upcoming division is yet to be disclosed, but it's purpose is "to simplify the organization and have clearer focus in each area".

Even more news, Laserium Digital Networks & Integrated Media, currently operating as a holding company for B2's assets, announced that B2 is at its sunset years and will be "retired" on July 1, 2018. The content will be sold to Netflix, Hulu, Otter Media, Disney and Amazon (collectively dubbed the B2 Content Pool) in a deal said to be worth "billions and billions". Reason for this was said to be incapability to compete and severe problems, all in technical, licensing and user experience sides. The users will be granted future access to two streaming services of their choice, due to the following statement: "the price for the Premium features in B2 was so high that it was nearly impossible to both drag in new customers and keep them hanging on B2".