Amazon has revealed that its LOVEFiLM DVD-by-mail rental service will cease to operate in the UK on October 31st. The online shopping giant cited a “decreasing demand” for DVDs and Blu-rays as customers increasingly move to streaming movies and TV series instead. LOVEFiLM was founded in 2002 and acquired by Amazon in 2011, when it […]
China Digital TV used the occasion of its Q2 numbers by saying that it was working to regain its position on the New York Stock Exchange. The NYSE has started the delisting process for China Digital because the average trading price in the Chinese company’s shares has fallen below the Exchange’s continued listing requirements. China […]
Colombian authorities have reportedly hit América Móvil and Telefónica’s Movistar with a 4.7 trillion Pesos (about $1.55bn) fine for alleged unauthorised use of the country’s public infrastructure. Journalist Alan Burkitt-Gray, writing in Capacity & Global Telecoms Business, says that the Colombian authorities are willing to accept further negotiations as to the payment period. Otherwise the […]
STV has announced its new chief executive ahead of the departure of Rob Woodward. ITV’s Simon Pitts is expected to take the helm at the Glasgow-based broadcaster in January 2018. Woodward announced in April that he would be leaving the company after ten years to seek “fresh challenges”. Pitts is currently ITV’s managing director of […]
Cairo-based satellite operator Nilesat has seen profits squeezed over the first six months of this year. For the period January 1st – June 30th, its net profit was $36.7 million, down 30.7 per cent on the same period last year which saw net profits of $40.05 million. The company said in a statement to the […]
HomeGrid Forum has announced that Dr. Leonard Dauphinee has taken over from Donna Yasay as the Forum’s President. As Vice President and Chief Technology Officer of the Broadband Group at MaxLinear, a promoter member of the Forum, Dauphinee is responsible for the technology roadmap of its Broadband business. In his CTO role, he owns the […]
A meeting of the DVB Steering Board has approved the new specification for DVB TTML subtitling systems. The specification enables the delivery of next generation subtitles in transport streams for broadcast television services, based on W3C Timed Text Markup Language (TTML). The new specification complements the bitmap based subtitle solutions, which have been in use […]
News Corp posted a $817 million (€692m) year loss on the back of big falls in the value of newspapers in the UK and Australia and write offs on Australian pay-TV platform Foxtel. Revenue was $8.14 billion, down 2 per cent from $8.29 billion last year, on falling print advertising revenue and foreign currency fluctuations, the […]
Viacom International Media Networks Italia has ended the year to September 2016 with a profit of €2.4 million. Revenues in the same period grew to €52.8 million, according to the recently approved financial report, whose results were published by business daily ItaliaOggi. The highest contribution came from Nickelodeon (€13.7 million), followed by MTV (€12.7 million) […]
Altice is scoping a bid for number two US cable operator Charter Communications, according to reports. CNBC claims Altice is working with banks to finance a cash and shares offer. Altice would reportedly seek to finance a large part of the deal with debt, but it is by no means certain Liberty Media, which owns […]