Good Morning Media!

Research evidence excerpt

Good Morning Media!

Equity Research

Industry Update — June 11, 2026

Media

Our Call Steven Cahall

Good Morning Media! is our daily take on the relevant newsflow affecting the Media & Equity Analyst | Wells Fargo Securities, LLC

Steven.Cahall@wellsfargo.com | 212-214-8240

Cable sectors.

Omar Mejias

Equity Analyst | Wells Fargo Securities, LLC

Was it worth it? Fubo struck a distribution deal with NBCU after dropping its networks Omar.Mejias@wellsfargo.com | 787-370-9353

in Nov. 2025. Fubo previously said NBCU was demanding fees "egregiously above those Wojtek Majerczak

offered to other distributors". Convos ended in Feb., and there has been no update til this Associate Equity Analyst | Wells Fargo Securities, LLC

announcement. Telemundo and Universo programming was back on Fubo yesterday, while Wojtek.Majerczak@wellsfargo.com | 212-214-5480

NBCU’s English-language nets incl. NBC, Bravo, NBCSN, RSNs, and new FAST channels will

launch in the coming weeks. (Source: Company reports, CCN)

Too Sureel. WMG announced a deal to acquire Sureel AI, which uses multi-patented tech

to create “AI DNA” for each work by breaking it into components and tracing how AI

models use those elements. WMG says Sureel will strengthen its ability to ensure artists,

songwriters, and rightsholders benefit when their work is used in AI-generated works or

AI model training. Sureel’s registry holds millions of music assets, with architecture to

extend into video and image at scale. (Source: Company reports)

New iPad who dis? T introduced unlimited data day passes for celluar-enabled iPads for

$3/day. T says that speeds will be as high as the device and network conditions allow,

but T can reduce speed if there's network congestion. The day pass doesn't require an

app to get connected.