Shares in Facebook have hit record highs after its latest financial results smashed expectations, with profits rising threefold. The first quarter numbers beat analysts’ forecasts with the social network, also the owner Instagram, reporting net profits of $1.5 billion compared to over $500 million in the same period last year. Total revenue rose to $5.4 billion […]
On the heels of World Intellectual Property Day, the Office of the United States Trade Representative (USTR) has released the 2016 Special 301 Report on the global state of intellectual property rights protection and enforcement. “Intellectual property is a critical source of economic growth and high-quality jobs for the United States, and it is more […]
Satellite communications giant Intelsat reported that its Q1 revenues topped $552.6 million ($602 million same period last year) in the three months to March 31st, and a slight improvement on market expectations. Intelsat said that its contracted backlog now stands at $9.3 billion (down from $9.4 billion as at December 31st). President/CEO Steven Spengler said […]
According to Stan McCoy, President and Managing Director, MPA EMEA – the European arm of the Motion Picture Association of America – there isn’t one tool that will fix online content piracy, suggesting that it requires a flexible response, encompassing court action, consumer education and technological solutions as well as promoting consumers’ access to legal […]
Time Warner Cable reported an increase of 21,000 basic video subscribers in the first quarter ahead of its$78.7 billion merger with Charter Communications. Revenue increased 7.2 per cent (the best Q1 in eight years) and cash flow increased 8.2 per cent (best in six years). High-speed data customer additions were 314,000 and phone subscribers increased […]
Bloomberg is reporting that Mexico’s media giant Televisa is looking to buy Megacable Holdings, one of its main rivals in pay-TV in Mexico. The green light has reportedly been given by Mexico’s Federal Telecoms Institute regulator, which has said that a merged company would not dominate in pay-TV (despite Televisa reportedly already commanding a 60.6 […]
The weakest performer in the US media sector and embroiled in a lawsuit that challenges the competency of main owner Sumner Redstone, Viacom managed to report a March quarter profit on lower revenues. Viacom’s net earnings were $303 million in the second quarter, compared to a loss of $53 million a year ago, when the […]
SFR has confirmed that it will launch five new sports channels, including one premium, one dedicated to multi sports, one for extreme sports, one for sports news (operated by NextRadio TV) and one for 4K events. Launching in June, the sport channels will not be exclusive to SFR subscribers, and will also be distributed on […]
SintecMedia, a provider of broadcast management software, has announced that SintecMedia’s management team and Francisco Partners, a global technology-focused private equity firm, have acquired SintecMedia from its existing shareholders, including Riverwood Capital. SintecMedia, which manages the business of multi-platform TV, is a business software partner for over 150 of the world’s top TV and media […]
Discovery Communications has confirmed an agreement to acquire a minority stake in RugbyPass – a digital content platform that reaches rugby fans across 23 Asian markets. To further boost the RugbyPass offering to fans, select content from Discovery-owned Setanta Sports Asia will be immediately available to all RugbyPass subscribers. Launched in Asia in February this […]