Movie studios are looking for a way to offer home rental of films shortly after they open in theaters, and Apple is pushing to make iTunes the platform. Napster founder Sean Parker has a similar goal with Screening Room. — [Anousha Sakoui and Alex Webb / Bloomberg]
Microsoft is partnering with Qualcomm on technology that will allow Windows software to run on mobile-oriented ARM chips. The company also announced a broad collaboration with Intel in security, virtual reality, gaming and voice activation. — [Ina Fried / Recode]
The Trump transition team is adding two more Silicon Valley advisers, both associates of Peter Thiel: Mark Woolway, the acting CFO of Zenefits, and Kevin Harrington, a managing director at Thiel Capital. — [Rolfe Winkler / Wall Street Journal]
Testifying before skeptical, but not outright hostile, senators, the CEOs of AT&T and Time Warner (with support from Mark Cuban) portrayed their proposed $85 billion merger as a competitive counterweight to tech and cable companies. — [Cecilia Kang / New York Times]
Fitbit is buying the software assets of struggling smartwatch maker and one-time Kickstarter success story Pebble for less than $40 million and discontinuing its hardware products. — [Lauren Goode / The Verge]
On the latest episode of Recode Media with Peter Kafka, Burnie Burns, co-founder of Rooster Teeth, talks about creating shows like “Red vs. Blue” in the pre-YouTube days of online video. — [Eric Johnson / Recode]
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This article originally appeared on Recode.net.