Digital TV technology specialist Pace has acquired Latens Systems, the Belfast-based specialist in software-based Conditional Access/DRM and Middleware solutions for the pay-TV market in a £28.75 million (E32.72m) cash deal, of which £10 million is deferred and payable in 2012 subject to the achievement of conditions. Latens offers its solutions across cable, IPTV, DTH,and DTT, […]
Liberty Global has swung to a third-quarter profit — its third quarterly profit in the past year after a string of losses. The company benefited from changes in currency values and growth in Western Europe. Subsidiary UPC strengthened its operations in western Europe, has seen revenue grow as more customers subscribe to bundles of two […]
News Corp has reported revenue in its fiscal first quarter was $7.43 billion, up from $7.2 billion in the previous year. Net income was $775 million up from $571 million last year. Rupert Murdoch chairman said, “Our global cable network programming business continues to lead News Corporation’s financial and operational momentum.” Meanwhile, MySpace, the social […]
Results conferences have given media conglomerate chiefs to respond to analyst fears that OTT services will see their subscription bases decline because of cord cutting. Time Warner did allow that it predicted subscribers to HBO will fall by about 1.5 million by the end of 2010, but stressed that they did not believe the reason […]
By any measure Paris-based Eutelsat’s latest numbers (for its Q1 to Sept 30) are impressive. Overall revenues are up 12.9 per cent to €285.6 million, while all its divisional metrics are also in extremely positive territory. Video is up 8.1 per cent, Data and value-added revenues are up 23.5 per cent and Eutelsat’s “multi-usage” division […]
Vince Cable, the UK Business Secretary, has issued an intervention notice on News Corp’s bid to acquire the 61 per cent of BSkyB shares that it does not already own. The notice requires that Ofcom investigates the public interest consideration of media plurality and submits a report by December 31st. The European Commission will investigate […]
Time Warner has said it will be one of the first studios to run a VoD platform providing films at the same time as the theatrical release. It says it may launch as soon do so by next summer, charging $30-$50 per film in the US. “We’re near agreement with our distributors on the right […]
DirecTV has reported an increase in third quarter 2010 revenues of 10 per cent to $6.03 billion, operating profit up 10 per cent to $1.48 billion up on $868 million in last year’s third quarter. DirecTV reported third quarter net income increased 31 per cent to $479 million. “For the fourth consecutive quarter, DirecTV achieved […]
The Ashes highlights are likely to be screened on terrestrial television after all, after ITV made a late bid to land the rights from Cricket Australia. BBC has consistently declined to place a bid, arguing that the £1 million (E1.14m) price tag was too high. There was also a scheduling issue: the contract for live […]
Zain, Kuwait’s largest telecoms company, have agreed to sell a controlling stake in the company to Etisalat, the United Arab Emirate’s operator, in what would be one of the biggest deals on record in the Middle East. Given that Zain owns 10 per cent of its own shares, the deal would give Etisalat a 51 […]