MTG, the Nordic pay-TV broadcaster, saw sales of SEK1.49 billion (€159m) in the second quarter, up 3 per cent year-on-year. EBIT was flat at SEK185 million. Pay-TV in the emerging markets saw revenue growth of 12 per cent to SEK303 due in part to the consolidation of Trace, which helped lift wholesale mini-pay channel sales […]
July 17th was a tough day for Intelsat shareholders, with the satellite operator’s Common share price falling to a 52-week ‘low’ touching just $8.69. It finished the day at $8.71 a share, but this is down dramatically over the past month or so. Back three months and the share price was at $12.59, but confidence […]
Rovi Corp shares dropped the most in three years after a judge ruled in favour of Netflix in the latest patent lawsuit defeat. A US District Court judge issued a ruling granting Netflix motion for summary judgment on five of Rovi’s patents, finding them invalid. The patents in question were related to features and functionality […]
Streaming giant Netflix saw subscriber additions rise nearly 94 per cent year on year to about 3.3 million in the second quarter, beating the company’s forecast of 2.5 million. The service now boasts 65 million global subscribers – with 42 million of those in the US. Netflix posted revenue of $1.64 billion (€1.5bn), an increase […]
Zee Entertainment Enterprises has announced in principle it will acquire a 100 per cent equity stake in Sarthak Entertainment which operates ‘Sarthak TV’, the number 1 GEC in Odia language. The acquisition shall be from current shareholders of Sarthak Entertainment Private Limited, subject to requisite regulatory approvals, as an all-cash deal at a consideration of […]
The voice of the audiences who pay for the BBC must be heard in the BBC’s Charter Review debate following the agreement reached with the Government on the BBC licence fee, BBC Trust Chairman Rona Fairhead said, launching the BBC Annual Report and Accounts for 2014/15. The report shows that in 2014/15 the BBC continued to […]
BBC Worldwide, the Corporation’s commercial arm, has published its 2014/15 Annual Review, announcing stable headline results, record returns to the BBC and continuing investment and transformation plans for the business. Results are significantly impacted by the deal struck in October 2014 to form an equity partnership with AMC Networks for BBC AMERICA, making the channel, […]
Swedish telco Com Hem has reported its Q2 2015 numbers. Commenting on the results, Anders Nilsson, CEO at Com Hem, said: “Overall, the business has delivered a strong set of results during the second quarter of 2015. Revenue grew by 4 per cent compared to the corresponding quarter last year with underlying EBITDA growing by […]
London Live, the local TV channel launched by Evgeny Lebedev’s media company, saw a loss of £11.6 million (€16.3m) in the year to the end of September, according to results made available by parent company ESI Media The TV business, which earlier this year cut about a third of staff, claims that it is on […]
Motive Television, the digital television technology group, has reported an increase in losses for 2014. Full-year revenues declined 2.4 per cent to £1.14 million (€1.6m) and losses before tax jumped to £12.5 million from £3 million the year before. The company said sales levels were flat as it focused on development activity, while costs increased […]