Netflix’s chief financial officer David Wells is stepping down after seven years. Wells, who has been at the company since 2004 and CFO since December 2010, will stay with the company until a successor takes over. “After discussing my desire to make a change with Reed (CEO), we agreed that with Netflix’s strong financial position […]
Disney is the ultimate media brand and a genuine giant that is determined to be ever bigger with the takeover of 21C Fox. And many parts of the empire are still money machines. But it was a new and very small part of the group that drew some attention in the results. ESPN+ is symbolic […]
China Digital TV suffered a further drop in sales of its mostly Cloud-based conditional access. The company, which operates exclusively in China, saw net revenues decrease by 22.9 per cent to $1.5 million for the six months ended June 30th 2018 from $1.9 million for the same period of the prior year. “The decrease in […]
A series of Tweets and blogs from Elon Musk last week confirmed that the billionaire has no intention to merge SpaceX with his electric car manufacturing unit Tesla. While Tweets about ‘taking Tesla private’ created something of a storm with the Securities and Exchange Commission and the NASDAQ stock exchange – and led to a […]
India’s Ministry of Information & Broadcasting (MIB) is declining to impose special regulations or controls on kids TV. A parliamentary debate last week saw questions raised about the non-stop transmission of cartoons on both private and public channels. India’s government admitted that the exposure to kids’ channels and in particular cartoons could affect youngsters, but […]
The Academy of Motion Picture Arts and Sciences and The Linux Foundation have launched the Academy Software Foundation (ASWF) to provide a neutral forum for open source software developers in the motion picture and broader media industries to share resources and collaborate on technologies for image creation, visual effects, animation and sound. “We are thrilled […]
One of the few – and perhaps only – US manufacturer of TV displays is to close, saying it can no longer source Chinese components. Element Electronics, based in Winnsboro, South Carolina, makes TV sets and monitors including 4K models, and its branding and marketing says: “proudly assembled in America”. Element is ultimately owned by […]
Consumers have saved $3.5 billion, and more than 20 million metric tons of carbon dioxide (CO2) emissions have been avoided as a result of the voluntary set-top box energy conservation agreement among US pay-TV providers, manufacturers and energy efficiency advocates, according to a new report on the industry Voluntary Agreement for Ongoing Improvement to the […]
Lionsgate has reported revenue of $932.7 million (€816.11m) and net loss of $7.9 million, for the quarter ended June 2018. Starz reported a sequential increase of 300,000 subscribers in the quarter with gains in both traditional MVPD (multichannel video programming distributor) and OTT subscribers. The company also announced that it has entered agreements to launch Starzplay […]
Eutelsat is selling its portion of a joint-venture satellite operating over the Middle East. Eutelsat 28B, which was co-owned by Qatar’s Es’hailSat, will now be wholly-owned by the Qataris who will gain the revenue from an additional 15 transponders operated by Eutelsat. Paris-based Eutelsat says that the satellite earned revenues of about €16 million in […]