Adobe Systems is cutting 750 jobs, while reports say it is halting development of its Flash Player plug-in for mobile devices. The firm said the job cuts were being made in Europe and North America and represented more than 7 per cent of the company’s workforce. The Flash mobile plug-in works on Android devices and […]
RTL has reported that Q3 revenue rose 6.6 per cent year on year in the third quarter to €1.24 billion thanks to a boost in TV ad sales in Germany, France and the Netherlands and growth at FremantleMedia. Earnings before interest, tax and amortisation rose 8.3 per cent year on year to €144 million. The […]
IPTV delivery solutions specialist Minerva Networks has enhanced its ability to deploy TV services across multiple networks and devices with the acquisition of privately-held TVBLOB. Headquartered in Milan, Italy, TVBLOB develops software products for the delivery of entertainment services on consumer electronics devices combining legacy television with Internet media sources. The company has successfully deployed […]
KIT Digital, a software solutions and technology services provider for multi-screen, multi-platform video management and delivery, has reported record quarterly results for the period ended September 30th, 2011. Q3 results increased 29 per cent sequentially to a record $62.3 million from $48.2 million in the previous quarter, and increased 124 per cent from $27.7 million […]
Intelsat, the world’s leading provider of satellite services, has reported results for the three months ended September 30th, 2011. It had revenue of $652.9 million and a net loss of $0.4 million. Included in the quarterly results were a $20.2 million pre-tax non-recurring charge from a loss on previously unconsolidated affiliates and a $42.7 million […]
Iran’s state broadcaster has transmitted an interview with the country’s police commander warning companies, businesses and private individuals that they must not advertise on “foreign satellite TV networks”. Officially, watching satellite TV in Iran is illegal and dishes and receiving equipment can be – and often is – confiscated. However, a growing number of channels […]
Dish Network’s third-quarter earnings rose 30 per cent as increased equipment, merchandise and rental revenue supported a double-digit jump in sales. Meanwhile its former unit EchoStar swung to a loss amid sharply higher costs. The satellite-television operator has been working to diversify its business in the face of a maturing US subscription television market and […]
Carphone Warehouse is giving up on its Best Buy chain of electrical goods megastores in the UK. The chain was a joint venture with the US parent – America’s biggest seller of consumer electronics – and came about as part of the deal where Best Buy US paid £1.1 billion to take a 50 per […]
Time Warner has bid about $1.4 billion for Netherlands-based entertainment producer Endemol. The debt-laden producer of ‘Big Brother’ has been trying to restructure its debts for more than a year and Time Warner is reportedly ready to put up another $100 million in fresh working capital. A few days ago, Endemol gained permission from its […]
Dan Goldberg, CEO at Ottawa-based Telesat, has reported flat revenues for the nine month period to September 30th, but he stated that new craft coming on stream next year will boost income for the satellite operator. Two satellites are due for launch in 2012: Nimiq-6 and Anik G1. Telesat’s revenues were $585 million for the […]