Category archives for: Business

AT&T/DirecTV want speedy FCC approval

AT&T has asked the Federal Communications Commission (FCC) to speedily approve its planned $48.5 billion take-over of DirecTV. AT&T filed its request in Washington, and argued that its move on DirecTV is very different from the merger between Time Warner Cable and Comcast. AT&T further used the filing to rebut criticism from some of its rivals, not least Netflix which […]

Netflix an acquisition target?

Investment bankers Mediatech Capital Partners (MCP) believe that Netflix is now firmly a potential acquisition target. Porter Bibb, MCP’s managing partner, speaking on Bloomberg TV, told viewers that Netflix’s 50 million-plus subscribers – and growing – might put financial pressures on Reed Hastings, Netflix’s founder. “Netflix [share price fell] but it is still very, very vital. It has 50 million […]

Freesat in 1.9m homes

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Freesat, the subscription free satellite TV service, has maintained its 2014 momentum by adding 8,000 new TV homes in the three months to the end of September. In all, Freesat has added 32,000 new households in the first nine months of 2014; it is now available in 1.9 million households and watched by more than four million viewers every week. […]

BT Broadband jobs boost

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BT will employ a further 500 engineers to build and maintain its network amid concerns that a host of upcoming infrastructure projects will make contract workers scarce and more expensive. It brings the total recruitment this year by BT Openreach, the division responsible for the network, to around 2,400. Joe Garner, the chief executive of Openreach, said BT’s latest recruitment […]

Canal+, ITI Group review TVN options

The ITI Group and CANAL+ Group have been approached in recent months by various strategic and financial investors expressing an interest in acquiring the controlling stake in TVN Group, should it become available. In response to such interest, both the ITI Group and CANAL+ Group have decided jointly to review their strategic options regarding the 51 per cent stake in […]

Ziggo to cut 20% of workforce

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The merger of Dutch cable companies UPC Netherlands and Ziggo will result in around 900 workers losing their jobs according to daily the NL Times. The companies currently employ a combined total of around 4,500 and about 20 per cent will become redundant, with service centre temp-workers looking most likely to be laid-off. Ziggo shareholders have until November 4th to […]

BSkyB “pressure cooker” period

BSkyB’s results were better than most analysts expected, but this didn’t make life any easier for Sarah Simon, a senior analyst at Berenberg Bank, who continued her negative advice to clients, and marking down the bank’s price target for BSkyB shares from 800p to 780p. October 16th saw BSkyB’s share price fell back a few pence from 859p to 850p. […]

Technicolor to represent Warner Bros patents

Technicolor has reached an agreement with Warner Bros Entertainment to represent the studio as its exclusive IP licensing agent (outside of patent pool licensing programs) to capture the value of the studio’s patent portfolio. Technicolor is a strategic partner for Warner Bros in a broad number of areas; specifically, packaged media and initiatives related to technology and licensing. This agreement […]

Netflix net adds down

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Despite adding over 3 million members in Q3, ending the period with 53.1 million global members and $1.22 billion in revenue, Internet entertainment streaming service Netflix says net additions were lower than forecast, particularly for the US. It also said it planned substantial further expansion internationally. In its Letter to Shareholders, Netflix said it added about a million new members […]

Sky Go boosts BSkyB Q1

BSkyB has posted results for the three months to the end of September showing a record 309,000 users signing up to its Sky Go Extra service, which allows subscribers to watch programmes on portable devices when away from home. The number of On Demand downloads has more than trebled to almost 257 million in the quarter. Sky Go now reaches […]

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