Category archives for: Business

Viacom Q4 boosted by C5 buy

Viacom, owner of the Paramount movie studio and cable network MTV and Comedy Central, has reported strong Q4 profit and revenue. Revenue in Viacom’s movie business, the company’s second biggest, rose 12 per cent in the fourth quarter. A boost in affiliate fees – rates Viacom charges from cable and satellite TV operators and mobile operators for carrying its programmes […]

BSkyB completes buys, renames as Sky


BSkyB has completed its acquisition of Sky Italia S.r.l and takeover offer for Sky Deutschland AG and announced its intention to change its name to Sky, in place of British Sky Broadcasting (BSkyB) in recognition of the international scope of the business. The Company has acquired 89.71 per cent of the share capital of Sky Deutschland, with 87.45 per cent […]

ITV online revenues up 24%

ITV has reported a strong performance in terms of online, pay and interactive revenues in the first 9 months of the year, counterbalancing a decline in main channel ratings. Adam Crozier, chief executive, said that online, pay and interactive revenues would show double-digit growth again next year. VoD viewing also grew strongly, up 24 per cent to £497 million (€627m) […]

RTL Group stable Q3


RTL Group reported stable Q3 results as growth in its German and Dutch operations offset headwinds in France and at its TV production company. The broadcaster, which is majority-owned by German media conglomerate Bertelsmann, said its Q3 earnings before interest, tax and amortisation (EBITA), excluding special items, was stable at €160 million. RTL said it still expects 2014 group revenues […]

Egypt’s ERTU massive over-staffing

For decades the various bosses at Egypt’s giant public broadcaster, the Egyptian Radio & Television Union, have called for a reduction in staffing numbers. At the same time the various Chairman of the ERTU – and its government paymaster – have bemoaned the high absenteeism at the broadcaster where seemingly thousands are paid but never show up for work. One […]

Apax, Bain gatecrash PT bid

Private equity firms Apax Partners and Bain Capital have made a €7.075 billion offer for the Portuguese assets of  Oi, the Brazilian telecoms group, rivalling the €7.025 billion bid from Altice, the European cable group and the bid from Isabel dos Santos. Oi, the largest landline carrier in Brazil, said that the joint offer included two €400 million deferred payments […]

Dailymotion seeks new investor


French telco Orange is looking for a new financial partner to invest in video sharing platform Dailymotion. According to daily Le Monde, Orange has not given up the idea to expand Dailymotion internationally. Orange has spent an additional €30 million on the platform since 2013 and Dailymotion still faces strategic questions about international growth. Last February, Orange CEO Stephane Richard […]

Yahoo buys BrightRoll for $640m

Yahoo is to acquire BrightRoll, a leading programmatic video advertising platform in a $640 million deal. The transaction will combine Yahoo’s premium desktop and mobile video advertising inventory with BrightRoll’s programmatic video platform and publisher relationships to bring substantial value to advertisers on both platforms. BrightRoll is a large, growing and profitable business with net revenues expected to exceed $100 […]

Telefonica subs up, revenues down


Bundled packages – combining mobile and fixed-line phones, high speed Internet and pay TV – have stopped the subscriber decline in Spanish pay-TV market but to the detriment of revenues and profits. Telefonica is experiencing a huge growth in the number of pay-TV subscribers becoming the main driving force behind the pay-TV business with 1.6 million customers at the end […]

Xiaomi to buy Youku Tudou stake

Xiaomi, China’s largest smartphone vendor, is set to acquire Youku Tudou shares on the open market and also license content from China’s most popular video-streaming site. Joy Han, a spokeswoman for Xiaomi, and Jay Chen, a Youku Tudou spokesman, both declined to comment on the amount of the investment. Lei Jun, Xiaomi’s chief executive officer, has pledged to initially invest […]

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