The launch of a campaign to clamp down on social media firms has got off to a rocky start, as the culture secretary, Matt Hancock, admitted it was likely to be two years before there was any new law. In a round of media interviews, Hancock said there was no date for legislation, but it […]
Sony’s new CEO, Kenichiro Yoshida, will host the multimedia company’s Investor Relations Day in Tokyo on May 22nd. Each of Sony’s eight key divisions will present to analysts and explain their mid-term 3-year strategies from now to 2021. Analysts reporting ahead of the event say they expect Yoshida, who was previously CFO prior to his […]
British households are paying for broadband services that are, on average, 51 per cent slower than advertised, according to analysis from consumer body Which?. Results generated from 235,000 uses of the Which? broadband speed-checker tool show that, on average, customers are paying for speeds of up to 38 megabits per second, but actually only receiving […]
Entertainment conglomerate Vivendi has reported first quarter 2018 revenues of €3.109 billion, up 16 per cent, with the company’s Canal+ Group pay-TV operation showing the continuation of recovery with a total of 15.3 million subscribers (+620,000 year-on-year). The user growth recently reported by the major streaming platforms continues to support the strong increase in Universal […]
The fallout from Eutelsat’s disappointing Q3 numbers, released May 14th, continue to reverberate. Indeed, while the results themselves were simply flat, one analyst now says they were “struggling to pick out any positive trends with any of [Eutelsat’s] main operating segments”. The equity analysts at Berenberg Bank add that the market’s focus on Eutelsat’s “Other” […]
Mediacorp has announced an organisational change and key appointments to enable its pivot to consumers and create a better brand experience for them. The company is creating an integrated marketing organisation that brings together the majority of its marketing and communications personnel under the leadership of media veteran Debra Soon, who assumes the newly created […]
The US Senate has voted to overturn the Federal Communications Commission’s (FCC) Restoring Internet Freedom Order which replaced previous net neutrality legislation, passing a bill that has little chance of advancing in the House but offers net neutrality supporters and Democrats a political rallying point for the midterm elections. Democrats forced the May 16th vote […]
21st Century Fox has revealed that its Executive Chairman Lachlan Murdoch will serve as Chairman and Chief Executive Officer of the proposed new ‘Fox’, which will be formed after shareholder and regulatory approval of the proposed transaction between 21CF and The Walt Disney Company. Lachlan’s brother James, currently Chief Executive Officer of 21CF, is not mentioned […]
RTL Group, the German-based TV entertainment company, has reported modest Q1 growth in the face of currency headwinds, highlighting the challenge they face to streamline and modernise. Reported Group revenue was stable at €1,416 million (up from €1,405 million in Q1 2017), as higher revenue contributions from Mediengruppe RTL Deutschland and RTL Nederland were partly […]
Cisco has reported Q3 results for the period ended April 28th 2018. The US tech giant reported third quarter revenue of $12.5 billion (€10.6bn), net income on a generally accepted accounting principles (GAAP) basis, and non-GAAP net income of $3.2 billion. “We are executing well against our strategy, our innovation pipeline has never been stronger, and […]