Sky’s British and European Q1 results were in the main better than expected. Equity analysts praised the pay-TV broadcaster’s broadband efforts which resulted in the best growth (+133,000) for two years. The market’s view is that Sky’s “aggressively priced” dual-play offering is resonating with consumers, and not just established DTH clients. Sky’s European numbers were, […]
French media and entertainment group Vivendi has asked the Autorité des Marchés Financiers (French securities regulator) for an inquiry subsequent to the release of what it terms ‘false information’ suggesting there had been a 10 per cent drop in the number of Canal+ subscribers for September 2015, which negatively impacted its share price. Vivendi was […]
Online entertainment service Netflix has suggested it may move into the news genre as it refines its content portfolio, but has discounted a move into sports. The comments came during Netflix’s Q3 2015 Results Earnings Call. Ted Sarandos, Chief Content Officer, said that the service was definitely being more adventurous in terms of the genres […]
London-based satellite operator Avanti is issuing 2 million new shares, at the price of just 1p a share, to its employee benefit’s trust. The shares will be awarded to staff as part of the company’s plans for share option distribution. Avanti has suffered some negative press just lately, not least in the form of how […]
Malaysia pay-TV operator Astro reported consolidated revenues of MYR2.7 billion ($64m) for the first six months of the financial year ending January 31st 2016, with a growth rate of 4 per cent year-on-year. The firm’s advertising income grew by 5 per cent to MYR305 million (€56.5m). As to subscription gains, Astro added over 426,000 net […]
DVR specialist TiVo reported a better-than-expected rise in quarterly revenue, boosted by higher subscriptions. The company’s total subscriptions rose 26 per cent to more than 6 million in the second quarter ended July 31st. The company revenues were up 6 per cent to $99.10 million. TiVo, whose clients include DirecTV, is trying to partner with […]
Toshiba has posted a net loss of 37.8bn yen (€286m) for the year to March. The delayed result follows the sale of its stake in Finnish firm Kone, in a bid to bolster its balance sheet amid the recent accounting scandal. The sale of the 4.6 per cent stake in the lift manufacturer was worth […]
Envivio, a provider of software-based video processing and delivery solutions, has announced financial results for the quarter ended July 31st 2015. “We are pleased by our second quarter results and our significant progress towards profitability. Revenues of $11.7 million were driven by strong order momentum resulting from several large Tier 1 customer wins, combined with significant […]
French media giant Vivendi has released its Q2 numbers showing organic growth up 1.3 per cent, helped by solid growth in its music business (up +4.5 per cent). But strip out the music and other non-broadcast activity, leaving just Canal Plus, and the picture is more depressing. Canal Plus suffered zero per cent organic revenue […]
Hong Kong-based AsiaSat saw an 8 per cent fall in revenues for its half-year trading period ending June 30th. It blamed the poor results, released on August 27th, on “rough” local market conditions and delays in obtaining licenses to operate its latest pair of satellites. On the much more positive side it saw its all-important […]