Analysts at Nomura Securities have upgraded UK cable operator Virgin Media from ‘Neutral’ to ‘Buy’, while investment bank Goldman Sachs also repeated its previous advice to ‘Buy’. The two banks have come into line with other analysts from Barclays Capital and Deutsche Bank, all of which have recently favoured Virgin’s stock. The news helped push […]
Meanwhile Virgin is launching its first cloud-based services to business customers as part of a drive to double revenues from its enterprise division in the next five years. Virgin said it would “shake up” the cloud computing market with easy-to-use technology and clear advice. The cloud itself is often a cause for confusion for consumers […]
UPC Austria customers in Vienna, Graz and Klagenfurt will be able to receive Sky Deutschland’s premium channels after the two operators struck a distribution agreement. From next week UPC will begin offering the Sky Film, Sky Sport and Sky Bundesliga packages to its Digital TV Plus customers. The cable operator will charge an introductory fee […]
DISH Network, the number two US DTH platform, has bid for Hulu to add it to a growing portfolio of content delivery platforms that includes Blockbuster. Headed by Charlie Ergen, DISH has reportedly offered more than Yahoo or Amazon with a figure said to top $1.9 billion. However, such is the frenzy for the $500 […]
Investors in News Corporation have been urged to vote against the re-election of his James Murdoch as a company director by an influential advisory group. Pirc, the pensions industry organisation which advises shareholders on corporate governance issues, said: “In light of his close association with the phone-hacking scandal we are advising shareholders to oppose James […]
Mobile firm 3 has warned that it may begin running out of capacity in UK urban areas by the end of next year if spectrum auctions do not go ahead. Networks increasingly face congestion as the demand for data soars. Auctions to free up space for next generation mobile services are earmarked for mid-2012 although […]
UK media regulator Ofcom has fined Noor TV £75,000 for “extremely serious” breaches of its rules, and that the channel provided no detailed evidence of any compliance procedures. Noor TV beams its channel to Muslim viewers living in Europe and is licensed by Ofcom. The breach was in regard to a programme, “Saturday Night Special” […]
Paramount Pictures has become the latest studio to consolidate many of its distribution operations to reflect the growing importance of international markets and new digital platforms through which people watch movies. Under the new structure, unveiled by studio chairman Brad Grey, DVD, digital and television licensing will be merged into a newly created umbrella division […]
The Hollywood studio where Atlanta burned in Gone With The Wind, and Citizen Kane was filmed, is up for sale. The Culver Studios, owned over the years by Cecil B DeMille, RKO, Howard Hughes and Lucille Ball’s Desilu operation and was ‘home’ to people like Joseph Kennedy, David O Selznick, and productions such as Peyton […]
Although governments are keen to reap the benefits of high-speed Internet access, they need to reform regulations to help those building networks to provide it, according to a senior Google executive. Delivering a keynote address at the Broadband World Forum in Paris, Kevin Lo, Google’s general manager of access, told delegates: “Regulation can get in […]