Multi-screen video software company SeaChange International has reported a net income for the third quarter of $0.4 million, compared to a loss of $2.9 million in the year-ago quarter. Last year’s third quarter net loss included a $2.4 million restructuring charge. Revenues for the quarter grew 9 per cent to $53.4 million from $49.1 million […]
Apple may have to change the name of its iPad in China, after discovering that a mistake by its lawyers means it does not own the rights to the trademark. The company is facing a £1 billion court case for trademark infringement and a possible ban on selling iPads in two Chinese cities. The “IPAD” […]
Chase Carey, president/COO and deputy chairman of News Corp, made has told the UBS Global Media & Communications event that News isn’t happy to remain a minority shareholder in BSkyB, so if takeover is out then selling their stake is real possibility. During the Q & A session Carey signalled that the $15 billion-worth of […]
Eutelsat Communications announced the refinancing of Eutelsat Communications’ existing €1.765 billion credit facilities which were due in June 2013. The refinancing will take place through: – The issuance of 7-year senior unsecured bonds (the “Bonds”) for a total of €800 million by Eutelsat S.A.; and – A new 5-year bullet senior unsecured term loan for […]
BskyB finance director Andrew Griffith told the UBS conference the Competition Commission’s judgment that Sky Movies is anti-competitive in on-demand movies “was perplexing… The movies market has never been more competitive.” “Sky has never traded on exclusivity. Every movie that’s ever been on Sky Movies has had a theatrical release and has been in Asda […]
A Washington, DC, technology innovation think tank has released a study refuting claims that Congress’s efforts against online piracy would “break the Internet” and usher in censorship, suggesting these are “completely unfounded and without merit”. The Information Technology and Innovation Foundation study addresses criticism of the proposed PROTECT IP Act and the Stop Online Piracy […]
The Indian Media and Entertainment industry registered revenues of $16.3 billion in 2010 and is expected to be in excess of $25 billion in the next four years, according to an Ernst & Young’s report. The study shows that India’s growing digital media consumption and favourable demographics are key drivers for the media and entertainment […]
Sky Sports has acquired almost the entire BBC Formula One presenting team, including Martin Brundle and David Croft, to front its coverage of the motor racing championship next season. Brundle, the BBC’s former F1 television commentator, and Croft, who anchored coverage of the sport on Radio 5 Live, will be part of a Sky Sports […]
“TiVo has just crossed an inflection point,” says a positive “buy” note from investment bank UBS. The point, says the bank, occurred two weeks ago in its then latest numbers and in which TiVo reported the first net subscriber gain after many years of lost viewers. The growth was helped by subscriber take-up in the […]
Last week, hard drive manufacturer Western Digital said its Thailand production lines were beginning to return to normal. That’s the good news. The bad news is that the floods severely impacted October’s supply chain of many other classes of consumer electronics items. “As flood waters progressively travelled from the northern region southwards and inundated Central […]