MPs to quiz Amazon, YouTube
Executives from Amazon and YouTube will face the Digital, Media, Culture and Sports Committee of the UK parliament on November 3rd to give evidence on the UK’s broadcasting environment, its…
Netflix ups US price, shares climb
Netflix has upped its subscription price in the US, and Wall Street approves. Teh streamer is raising its standard plan to $13.99 (€12) a month from $12.99 a month, and…
Eutelsat Q1 backlog up, but Broadcast slows
Eutelsat’s Q1 numbers (to September 30th) showed that its revenues are still under pressure, although its contracted backlog at €4.4 billion – helped by a renewed Sky Italia contract –…
Apple record quarter despite iPhone dip
Apple has posted record September quarter revenue of $64.7 billion (€55,4bn) and quarterly earnings per diluted share of $0.73. International sales accounted for 59 per cent of the quarter’s revenue.…
Intelsat/Telenor lose Canal+ business
With SES taking a larger slice of Canal+ capacity requirements, it is inevitable that there had to be a loser. That satellite operator is the Intelsat/Telenor position at 1-degree West.…
TF1 trims programming costs
French commercial network TF1 has released its Q3/2020 numbers revealing that its revenues came in better than expected. TF1’s current operating profit reached €58 million, up 170 per cent and…
Berger exits WarnerMedia, Cochrane promoted
Josh Berger, President and Managing Director, Warner Bros UK, Ireland and Spain, and President of Harry Potter Global Franchise Development, has decided to leave the company after over 30 years…
Telesat Q3 down 15%
Ottawa-based Telesat announced its Q3 and 9-months revenues for the period to September 30th, and the news is not good. Revenue for Q3 fell 15 per cent to C$202 million…
LG Q3 boosted by OLED and large screen TVs
LG Electronics has announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (€12.18bn) and operating profit of KRW 959 billion. Both sales and profits were the highest for a third…
WWE increases revenues and Networks subs
WWE has reported Q3 revenue of $221.6 million, an increase of 19 per cent on the same period last year. WWE Network, the company’s SVoD platform, saw average paid subscribers…
Antrix hit with $1.2bn verdict
The commercial arm of the Indian Space Research Organisation, Antrix, has been ordered by a US Federal Court in an arbitration to pay $1.2 billion to Devas Multimedia. The US…
BT predicts bounce back
BT has published its results for the half year to September 30th. The telco described its revenue as being “relatively resilient” at £10.59 billion (€11.74bn), down 8 per cent –…
Industry majors back Euro CTV initiative
The European Connected TV Initiative, a move focused on exploring the advertising opportunities emanating from the growth of connected TV (CTV) in Europe, has launched with support from Google, Roku,…
Comcast delivers on broadband, but TV cords still cut
Comcast has reported its best ever increases in broadband subscribers in Q3 2020. The cable company added 633,000 broadband customers, exceeding its previous record of 586,000 additions set in Q1…
Amazon hires BritBox’s Sriraman
Amazon has hired Soumya Sriraman to lead its Prime Video Channels business in the US. Sriraman was previously BritBox President & CEO for US and Canada, with news of her…
Mediaset, Atresmedia hit hard by pandemic
Spain’s largest TV groups Mediaset and Atresmedia are paying a high price as a result of the coronavirus crisis. Both companies are seeing profits sharply dropping. In the first nine…