Category archives for: Business

AMC takes $200m BBC AMERICA stake

AMC Networks the global entertainment company behind acclaimed series The Walking Dead, Mad Men, and Rectify, is paying $200 million for a 49.9 per cent share of the BBC AMERICA channel.  The agreement is structured as a long-term equity joint venture, with BBC Worldwide retaining 50.1 per cent. AMC Networks will have operational control of BBC AMERICA, including affiliate and […]

LG Display: Q3 profits up 191%

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South Korea’s LG Display reported record revenues (up 9 per cent y-o-y) which translated into a 191 per cent increase in operating profits, and with an EBITDA margin of 20 percent. A healthy trading quarter meant LG Display’s cashflow was also in positive territory, starting the quarter at Korean Won 2.2 trillion, and ending at 2.4 trillion Won. Hee Yeon […]

FCC halts US ‘super mergers’

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The Federal Communications Commission (FCC) pulled the plug on a pair of cable and DTH ‘super mergers’. The FCC cited a series of significant objections from broadcasters and content suppliers to the cablecos who do not want their confidential carriage fee contracts exposed. The decision directly affects the AT&T proposed merger with DirecTV, as well as Comcast’s merger with Time […]

Roku raises another $25m

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Roku has raised another $25 million taking the streaming media company’s total funding beyond the $150 million mark. Roku has said the new round is to provide “additional growth capital.” BSkyB announced that it had invested another $700,000 in Roku, a move that followed its earlier $12.2 million investments it made in Roku in July 2012 and May 2013. Roku […]

MTG Q3 boosted by pay-TV

Sweden’s MTG has posted a higher than expected Q3 core profit and said it still expected higher sales and operating margin for its Nordic pay-TV business this year. Operating profit excluding associated companies and non-recurring items rose to 215 million Swedish crowns ($29.5 million) from a 162 million a year ago. In a statement, the company said: “This was another […]

£3m boost to tackle digital piracy

The fight against digital piracy and counterfeit goods in the UK has been boosted by £3 million of new government funding to the City of London Police Intellectual Property Crime Unit (PIPCU). Minister for Intellectual Property (IP), Baroness Neville-Rolfe announced the government’s funding commitment to the national crime unit at the Anti-Counterfeiting Group Conference in London. The unit has now […]

Comcast broadband subs near TV customers

Comcast added 315,000 subs to its high-speed internet service as its reported earnings came in slightly ahead of expectations. The increase lifts the number of Comcast broadband subscribers to 21.6 million and suggests it could soon eclipse the number of subscribers to the company’s cable television service. Comcast has 22.4 million cable video subscribers, a number that is shrinking as […]

BBC Chief: ‘Must look at new sources of funding’

Rona Fairhead

Rona Fairhead, the new chairwoman at the BBC’s ruling body The BBC Trust, told Members of Parliament that the BBC could start charging for viewing niche or premium programming. She said such extra payments “would be an intelligent way to look forward in terms of the charter review”. Fairhead was speaking in front of the Culture Media & Sport select […]

Nokia no more

Microsoft is to ditch the Nokia brand less than a year after acquiring the Finnish mobile firm. New Nokia Lumia smartphones will instead by known as Microsoft Lumia, the company said. Nokia’s non-mobile division, which is not owned by Microsoft, will continue to use the name. The mobile operation was bought by Microsoft in April in a deal worth $7.2 […]

Ooyala acquires Videoplaza

Establishing a presence in the fast-growing video advertising market, Ooyala, a Telstra subsidiary and video streaming, personalisation and analytics specialist is to acquire Videoplaza, a specilaist in video advertising technology and monetisation. Videoplaza operates one of the world’s largest video ad serving platforms and programmatic trading solutions, delivering ads to viewers across all devices. It is used by broadcasters and […]

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