LG Electronics has announced Q3 2016 sales of KRW 13.2 trillion (€10.8b) and operating income of KRW 283.2 billion, reflecting strong performance of its Home Appliance & Air Solution business and increased profitability in Home Entertainment, which offset sales declines and operating losses from Mobile Communications. LG Home Entertainment Company reported the highest operating profit […]
Telefónica’s pay-TV platform Movistar Plus reached 3.76 million subscribers (including 678,000 satellite subscribers from the former Digital Plus) as of June 30th, up 4 per cent year-on-year, albeit 44,000 customers fewer than the previous quarter. The company said that the reasons behind the Q3 loss are: higher prices in the basic offers; the start of […]
In what has been described as “a defining moment” for the future of television in the US, a local TV station in Cleveland is ushering in the era of Next Gen TV broadcasting with the first live ATSC 3.0 broadcast of a major professional sporting event – Major League Baseball’s World Series. Using the newly-standardised […]
It is back to square one for the Greek government seeking to auction off four TV permits to broadcast. October 26th saw Greece’s highest court (Council of State) rule that the process contravenes Greece’s Constitution. The Court ruled that the proper body to administer any broadcasting changes is the country’s National Broadcasting Council – and […]
Telenor Broadcast suffered more client erosion at its Canal Digital pay-TV division, although overall revenues were helped (up 2 per cent) by an increase in subscribers and device sales. DTH subs stood at 865,000 (down 4 per cent, and 900,000 at same period last year). Telenor Broadcast’s Q3 revenues fell back by 2 per cent […]
Dolby Labs has unveiled its Q4 and full year results, saying that Q4 revenues were $233 million (€213.3.m), about $3 million more than the high end of their expectations. Full year revenues were $1.026 billion, up 5.7 per cent on 2015. The bulk of Dolby’s revenues are from the licensing of its various IP products […]
Extensis and The International Press Telecommunications Council (IPTC), a global standards body of media, have announced the release of a new standard for video metadata that streamlines workflows and defines video metadata fields. The new standard is supported in Extensis’s digital asset management solution, Extensis Portfolio 2016. Michael Steidl, IPTC managing director, noted: “For many […]
CEO Tim Cook took the opportunity its Q3 earnings call to confirm Apple has an “intense interest” in television. Dealing with rumours swirling after the AT&T-TW deal, Cook said that Apple is “open to acquisitions of any size that are of strategic value where we can deliver better products to our customers and innovate more”. […]
Ericsson’s Board of Directors has appointed Börje Ekholm as the new CEO, effective January 16th 2017. Ekholm, a Swedish business insider and veteran board member, will consequently leave his role as CEO of Patricia Industries. “Having spent almost 25 years in different roles within Investor, I have truly enjoyed working with creating long-term value in […]
Pakistan police and agents of the country’s media regulator started seizing ‘illegal’ DTH dishes and satellite set-top boxes in and around the capital Islamabad. The Associated Press of Pakistan news agency, and reported by BBC Monitoring, says the inspection teams confiscated 1762 “illegal instruments” in their raids. The equipment was being used in “illegal business” […]