Roku, the streaming specialist, has reported that Q1 platform revenue stood at $755 million (€703m), up 19 per cent YoY. Gross profit was at $388 million, up 15 per cent. Streaming households hit 81.6 million, a net increase of 1.6 million from Q4 2023. Streaming hours were at 30.8 billion, up 5.7 billion hours YoY. […]
US media conglomerate Comcast has reported its Q1 results. Net income rose 0.6 per cent to $3.86 billion (€3.6bn) compared with $3.83 billion a year earlier. EBITDA declined 0.6 per cent to around $9.4 billion. The company’s revenue grew to $30.06 billion, up 1.2 per cent on the same period last year. Comcast reported that […]
The US Federal Communications Commission has voted to restore a national standard which it suggests will ensure the Internet is fast, open, and fair. The decision to reclassify broadband service as a Title II telecommunications service allows the FCC to protect consumers, defend national security, and advance public safety. Through its actions, the Commission says […]
The International Development Committee of the UK House of Commons has launched a new inquiry on the future funding of the BBC World Service. BBC World Service provides news to radio, TV and digital audiences around the world in 42 languages including English, reaching a global audience of 318 million people. It is chiefly funded […]
An invisible DNA marker that links criminals to crime scenes is playing a key role in helping UK digital infrastructure provider Openreach clamp down on cable thefts. The number of incidents, which often cause widespread phone and broadband disruption, dropped last year across the UK by more than 30 per cent. But Openreach’s security team […]
Film exhibition, distribution, production, and on-demand streaming company Curzon and streaming service, production company, and film distributor MUBI have become the newest hybrid members of trade bodies the British Association for Screen Entertainment (BASE) & DEGI: The Digital Entertainment Group International. They join the dynamic community of BASE and DEGI, uniting with more than eighty-five […]
Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), has announced the appointment of Richard Perkett as its Chief Product Officer (CPO). Perkett brings over 25 years of experience in product management, product marketing, engineering, and user experience (UX) to Amagi, with a proven track record of leading SaaS-centric product […]
LG Electronics has announced first-quarter 2024 consolidated revenue of KRW21.09 trillion (€0.014tn) and operating profit of KRW1.33 trillion. The company’s home appliance sector achieved record-breaking revenue and double-digit operating profit margins. The EV components sector, a key driver of future growth, continued its steady expansion. Both the TV and business solutions sectors experienced year-on-year sales […]
United Group (UG), the multi-play telecommunications and media company in Southeastern Europe, has achieved record financial results for the financial year 2023. The group delivered 7 per cent growth in both revenues and EBITDAal to €2.79 billion and €988 million respectively. Adjusting for the impact of the sale of the group’s tower portfolio in August […]
Eutelsat has invested in a new space-based venture fund managed by Seraphim Space Ventures. Eutelsat joins Japan’s SkyPerfect JSAT along with Japanese telco NEC in the new fund. The fund (Seraphim SSV II) says it will be focused on investing in Seed and Series A-stage companies. Seraphim said the SSV II fund aims to build […]