Ericsson has concluded its major review of its broadcast and media solutions businesses. Having separated broadcast into Red Bee Media – which remains an Ericsson company – it is offloading 51 per cent of Media Solutions to One Equity with all assets and employees moving across to a new entity. In the review, Ericsson said […]
Leading Italian broadcasters RAI, Mediaset, Sky Italia and Discovery Italia have secured important deals for major sporting events. After six years, the UEFA Champions League returns to RAI with live and exclusive coverage of the best match of Italian teams on Wednesdays during 2018-2019. Thanks to a deal with Sky Italia, the holder of the […]
In a move that sees it further expand into the media and entertainment business, communications and media software and services provider Amdocs has entered into a definitive agreement to acquire Vubiquity, a leading provider of premium content services and technology solutions, subject to customary closing conditions. The two companies say they are excited about the […]
Telefónica, Vodafone and Orange are hiking the prices of their convergent packages in an attempt to get higher revenues. The combination of low cost promotions and the high bill they’re paying for football TV rights is driving them down a dead end in terms of profitability. To mitigate this, they increasing prices by up to […]
Research on the pay-TV channel ecosystem shows India powering revenue and profit growth for regional pay-TV broadcasters in Asia Pacific. Revenue for pay-TV channel groups owned by global media companies expanded by 4 per cent in 2017 to reach around $5 billion (€4bn) across the region, while EBITDA grew 9 per cent Y/Y to reach […]
Egypt is one of the countries aligned with Saudi Arabia which as broken off diplomatic and commercial relations with Qatar. January 30th saw an Egyptian court order Nasser Al Khelaifi, CEO of the Qatari beIN Media Group, to pay a fine of 400 million Egyptian pounds (€18.2m) on charges of the network’s “involvement in monopolistic […]
Italian operator TIM has celebrated the first year of its VoD service TimVision with 1.5 million subscribers. According to TimVision chairman, Daniela Biscarini, the customer base has grown by over 60 per cent from the end of 2016. Most of them have been acquired thanks to the Tim Smart offer that includes TimVision at no […]
Digital Catapult and Arts Council England have announced the 20 CreativeXR teams to watch out for in 2018, as they receive support in developing innovative immersive prototypes and projects. CreativeXR is a new programme enabling the UK’s arts and cultural sector to lead the field in immersive content creation and digital innovation. These CreativeXR teams […]
The UK’s ad market reached a new milestone during the third quarter of 2017 as almost one in four pounds spent on advertising went to mobile, which posted year-on-year growth of 30.7 per cent to £1.3 billion (€1.48bn), according to Advertising Association/WARC Expenditure Report data. Total ad market growth was recorded at 3.5 per cent […]
South Korea’s electronics giant Samsung reported record quarterly profits on January 30th saying strong demand for memory chips and sales of high-end displays and components for the iPhone X helped drive revenues forward. The Board of Directors of the company approved a 50:1 stock split. Samsung is the world’s largest memory chipmaker for smartphones. Net […]