Residents in north London and South Wales, are to be the first to try next generation broadband in the UK. Exchanges in both areas are to become pilot sites where the fibre-based broadband will be tested. Once they are upgraded, home users should be able to go online at speeds of up to 40 megabits […]
From Colin Mann in Cannes VOOM HD Holdings, which distributes high-definition programmer VOOM HD Networks, and production house Infinite Frameworks (IFW), have sealed a deal to co-produce and distribute up to $20 million worth of high-definition programming over the next five years. VOOM and IFW will each invest up to $10 million in production and […]
From Colin Mann in Cannes TeliaSonera International Carrier is launching a new media distribution service consisting of a content publishing platform together with an extensive IP network. MPS Broadband has been selected as the exclusive partner to provide the publishing platform which will underpin a portfolio of new services for the distribution of video and […]
Virgin Media shares rose by a quarter after the group said it had persuaded its 10 biggest creditors to support moves to rearrange its debt of more than £4bn (E5bn). Worried by the banking liquidity crisis Virgin brought forward the negotiations as it sought to roll back its major repayments by two years. Virgin Media […]
From Colin Mann in Cannes Programming production and distribution company Starz Media has revealed a key expansion of its partnership with Xbox LIVEwhich will significantly grow its digital distribution presence internationally. The new digital rental deal will make a range of anime movies, classic horror films and other popular titles from Starz Media's catalogue available […]
From Colin Mann in Cannes Viacom CEO Philippe Dauman has identified new media as an area where the company was breaking new ground but stressed that the content had to come first, not the means by which it was distributed. “Our focus is on utilising digital platforms not to replace the TV experience but to […]
From Colin Mann in Cannes Programming production and distribution company Starz Media has revealed a key expansion of its partnership with Xbox LIVEwhich will significantly grow its digital distribution presence internationally. The new digital rental deal will make a range of anime movies, classic horror films and other popular titles from Starz Media's catalogue available […]
Viacom cut its full-year profit forecast on Friday as the softening economy has clouded its ability to make accurate advertising projections. CBS also expects full year profit to fall in the mid-teens range and it will write down the value of its licenses by $14bn. Later, National Amusements, an entity that controls executive chairman Sumner […]
Legal music downloads have outstripped pirated tracks for the first time in the UK, according to a survey by Entertainment Media Research (EMR). The EMR survey of 1,500 consumers found that 51% legally purchased digital downloads. It’s the first time this figure outweighed the number of those who download illegally, which fell to 39% from […]
Silicon Valley's most successful VC Sequoia Capital called an emergency meeting for its portfolio companies and is bringing back messages it sent to entrepreneurs in 2000. Sequoia partners presented a long analysis of how the United States economy got to this point. It is not a "normal crisis," they warned, and it will take a […]