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AMC Networks takes full control of BBC America

AMC Networks has reported financial results for Q3, and also announced that is has closed a transaction with BBC Studios which sees it acquired the remaining 50.1 per cent of the BBC America joint-venture that it had not previously owned for $42 million in cash. The company said it closed the transaction for BBC Studios […]

November 8, 2024

Paramount adds subs but not profit

Paramount Global posted mixed Q3 numbers as its TV and film divisions slipped, but there was solid subscription growth and profits for streaming service Paramount+. Revenues for Q3 were $6.73 billion (€6.26bn), down 6 per cent YoY. Adjusted OIBDA was up 20 per cent at $858 million. D2C revenue was a high spot, up 10 […]

November 8, 2024

Viasat wants access to Telesat; Q2 flat

It is becoming ever-clearer that geostationary satellite operators can no longer serve new clients without access to lower orbiting satellites. SES has its mPOWER O3b fleet. Eutelsat has its OneWeb lower orbiting assets. Now California-based Viasat, which also owns London-based Inmarsat, says it wants a closer relationship with Canada’s Telesat and its upcoming Lightspeed low […]

November 8, 2024By Chris Forrester

TKO Q3 revenue up 52%

TKO Group, owner of WWE and UFC, has reported Q3 revenue of $681.2 million (€632.2m) – an increase of 52 per cent on the same quarter last year. The company revised its FY target for revenue to the upper end of the range of $2.670 billion to $2.745 billion. Ariel Emanuel, Executive Chair and CEO […]

November 8, 2024

ITV revenue down 8% impacted by Studios

ITV has reported that group revenue for the nine months to September 30th 2024 was down 8 per cent at £2.74 billion (€3.29bn) with growth in total advertising revenue (TAR) offset by the decline in ITV Studios revenue. Group external revenue was down 8 per cent at £2.32 billion. Carolyn McCall, ITV Chief Executive, commented: […]

November 7, 2024

Max adds 7.2m subs in Q3

Warner Bros Discovery (WBD) today reported financial results for the quarter ended September 30th 2024. Q3 total revenues stood ar $9.6 billion (€8.9bn), a 3 per cent ex-FX decrease compared to the same period last year. Global DTC subscribers were at 110.5 million at the end of Q3, an increase of 7.2 million subscribers vs […]

November 7, 2024

SES results ahead of expectations

Sami Kassab, an equity analyst at investment bank BNP/Paribas, summed up the latest (Q3 and year-to-date) revenue numbers from satellite operator SES and describing them as “solid… and ahead of consensus”. His comments were made despite the ever-declining income from SES’s once-vital Video division. But even in Video there was an improvement (-3 per cent […]

November 7, 2024By Chris Forrester

BT cuts revenue guidance

BT has reported H1 2024 revenue of £10.1 billion (€12.1bn), down 3 per cent mainly attributed to challenging conditions in Business, principally driven by non-UK trading in its Global and Portfolio channels. In the rest of the Group, lower CPI benefit and continued competitive markets in Consumer were broadly offset by growth in Openreach due […]

November 7, 2024

Liberty completes Sirius spin off

Liberty Media, controlled by billionaire John Malone, has reported its Q3 earnings. The company has split off its holdings in Sirius XM into a new tracking stock, Sirius XM Holdings, which simplifies ownership into a new consolidated public company. Shareholders of Liberty Sirius XM now own approximately 81 per cent of new Sirius, with former […]

November 7, 2024

TiVo OS Smart TV footprint nears 1m units

Xperi, the entertainment company and owner of TiVo, has announced third quarter 2024 financial results for the three-month period ended September 30th 2024. Revenue stood at $132.9 million (€123.5m), up from $130.4 million on the same period last year. The company ended Q3 with over 2.4 million IPTV subscriber households, continuing the trend of consecutive […]

November 7, 2024