Category archives for: Business

Sky to enter mobile sector


UK pay-TV operator Sky is set to add a range of mobile voice and data services to its customer offering for the first time following agreement of a new partnership with Telefónica UK which will see it become a Mobile Virtual Network Operator (MVNO). Under the terms of the multi-year deal, Telefónica UK will give Sky wholesale access to 2G, […]

Cabsat deals dominate European media M&A

According to new PwC analysis of M&A deals across the European entertainment and media industry in 2014, the rebound in deals value since the post financial crisis trough has been far more marked than the recovery in deal volumes. Aggregate media deal value in 2013 and 2014 was three times the annual levels of 2010-2012 – an increase that reflects […]

Viacom down, Nikelodeon mobile


Viacom’s first-quarter earnings fell as the company’s domestic ad revenues fell 6 per cent. Net earnings were $500 million down 9 per cent from $547 million a year ago. Total revenue increased 5 per cent to $3.34 billion. Operating income for Viacom’s Media Networks unit, which includes Nickelodeon and MTV, was down 1 per cent to $1.104 billion in the […]

​Sky Europe’s numbers shape up

Jeremy Darroch will unveil his latest set of numbers for his Sky Europe trio of pay-TV broadcasters on February 4th, and one market analyst admits it could be a “bit of a mess”. The criticism is not about the numbers themselves but for the market to get a handle on a new set of benchmarks. This is the first quarter […]

Canal+ continues to suffer

French pay-TV operator Canal Plus is facing a tough future and even though it is coping well with the threat from the likes of Netflix, “the outlook remains difficult with the likelihood that more TV platforms will emerge to compete for retail market share and content, creating a range of pay-TV alternatives for a consumer base that was already price […]

LG 2014 profits up 125%


LG Electronics has announced net profit of KRW 501.40 billion (€420 million) for full-year 2014, an increase of 125 per cent over 2013 net profit. Operating profit increased significantly in 2014 to KRW 1.83 trillion from KRW 1.25 trillion in 2013, an increase of 46 per cent. Full-year consolidated revenue of KRW 59.04 trillion was mainly boosted by a 24 […]

AT&T “future multi-screen”

Delivering video to any screen is one of the ‘primacy objectives’ for AT&T in its proposed acquisition of DirecTV, a strategy that will run alongside AT&T’s pursuit of OTT services with U-verse, Randall Stephenson, AT&T’s chairman and CEO, said discussing  the company’s Q4 results. “When we did this deal [for DirecTV] our customers are demanding video to be delivered across […]

London Live to cut third of work force


London Live, the struggling London city TV station, is set to cut 20 jobs, around a third of its staff, with the cost-savings to be re-invested in programming content. The channel, owned by Evgeny Lebedev, is making the cuts to its news and current affairs team.  “As the business develops, we are able to assess where our resources are best […]

Imagine acquires RGB Networks

In a move that boosts its end-to-end video distribution capability with Dynamic Ad Insertion, Just-in-Time Packaging and Cloud DVR Technology, advertising management and video infrastructure solutions specialist Imagine Communications has signed a definitive agreement to acquire the assets of RGB Networks, Inc., a leading provider of multiscreen video delivery solutions based in Sunnyvale, California. The transaction, subject to customary approvals […]

Liberty Global’s Fries renews consolidation call

Mike Fries, president and CEO of cable MSO Liberty Global, has reiterated his call for industry consolidation better to compete with global players. Fries’ refrain, regularly expressed at industry events such as ANGA COM, was aired during an interview on CNBC at the World Economic Forum in Davos, where he also shared his thoughts on the Net Neutrality debate in […]

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