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Stock Market & Financial Investment News

News Breaks
February 3, 2014
11:38 EDTGOGO, ENTJudge allows suit over Gogo 'monopoly' to proceed, GigaOM reports
A federal judge in San Francisco refused to throw out a class action suit brought by travelers who claim that WiFi provider Gogo's (GOGO) long-term contracts with major airlines violate anti-trust laws, according to GigaOM. Complainants in the suit say Gogo competitor Row44, a subsidiary of Global Eagle Entertainment (ENT), charges only $5 per flight, the report noted. Reference Link
News For GOGO;ENT From The Last 14 Days
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October 15, 2014
11:03 EDTGOGOGogo selected to provide in-flight Wi-Fi on United's two-cabin jet fleet
Gogo (GOGO) announced that it has been selected by United Airlines (UAL) to bring its in-flight Internet service to United's two-cabin regional jet fleet. Installation of Wi-Fi services, which will involve more than 200 aircraft, is expected to begin later this year. The United Express aircraft will be the first regional jets in the United States to be outfitted with Gogo's ATG-4, which more than triples the peak speeds to an aircraft when compared to Gogo's original ATG service that launched in 2008. Additionally, United and Gogo have agreed to partner on offering in-flight entertainment on two-cabin regional jets, beginning early next year, enabling passengers to watch movies and television shows on their Wi-Fi enabled devices. Along with regional jet Wi-Fi and personal device entertainment, late next year, United plans to begin a trial of Gogo's 2Ku satellite Wi-Fi on five of the carrier's aircraft that operate its p.s. "Premium Service" between New York JFK and Los Angeles and New York JFK and San Francisco. These aircraft currently offer Gogo's ATG-4 product.
08:34 EDTENTGlobal Eagle acquires content assets from Purple Media
Global Eagle Entertainment announced that it has acquired the content assets of South Indian distributor Purple Entertainment for distribution to the airline in-flight entertainment market. Purple Entertainment has an exclusive agreement with SUN TV, the largest media company in India for South Indian content, to license movie and TV programming to airlines. The company also has extensive and long-standing relationships with some of the most important studios in Southern India.

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