French pay-TV operator Canal Plus is facing a tough future and even though it is coping well with the threat from the likes of Netflix, “the outlook remains difficult with the likelihood that more TV platforms will emerge to compete for retail market share and content, creating a range of pay-TV alternatives for a consumer […]
LG Electronics has announced net profit of KRW 501.40 billion (€420 million) for full-year 2014, an increase of 125 per cent over 2013 net profit. Operating profit increased significantly in 2014 to KRW 1.83 trillion from KRW 1.25 trillion in 2013, an increase of 46 per cent. Full-year consolidated revenue of KRW 59.04 trillion was […]
Delivering video to any screen is one of the ‘primacy objectives’ for AT&T in its proposed acquisition of DirecTV, a strategy that will run alongside AT&T’s pursuit of OTT services with U-verse, Randall Stephenson, AT&T’s chairman and CEO, said discussing the company’s Q4 results. “When we did this deal [for DirecTV] our customers are demanding […]
Dolby Labs’ share price has crashed by as much as 11.4 per cent following the release this week of the company’s Q1 results. The fall was not expected given that the results exceeded most analysts’ forecasts. Actual quarterly revenue rose 1 per cent (y-o-y) but shareholders expected more. The day closed with a fall of […]
Internet entertainment streaming service Netflix has released Fourth-Quarter 2014 Financial Results which show that in 2014, it added a record 13.0 million new members, compared to 11.1 million in 2013, bringing its global total to 57.4 million members. In a Letter to Shareholders, Netflix said that in Q4, it added 4.33 million members, compared with […]
Indian media and entertainment company Zee Entertainment Enterprises has reported a 44.5 per cent jump in its net profit for the quarter ended December 31st 2014. The net profit for the company stood at Rs 308.61 crore (€40.3m) as against Rs 213.59 crore for the corresponding quarter of last year. Total income from operations for […]
Canada’s lead cable TV operator Shaw Communications Inc reported a 7 per cent drop in first-quarter profit, hurt mainly by a fall in video subscriptions. The company’s net income fell to C$227 million ($189.72 million), for the three months ended November 30, from C$245 million. Revenue rose 2 per cent to C$1.39 billion. During the […]
Pace has published an unaudited update for the financial year ended December 31st ahead of preliminary results to be announced on March 3rd. Highlights include: – Record Q4 revenue has resulted in a strong finish to the year. Full year revenue expected to be up 6 per cent to $2,610 million (2013: $2,469.2m) – Adjusted […]
Samsung Electronics, the world’s largest TV and mobile manufacturer, has forecast a 37.4 per cent fall in quarterly operating profit from a year earlier. In its pre-earnings guidance, the firm forecast an operating profit of 5.2 trillion Korean won (€4bn) for the three months to December. Analysts had expected an operating profit guidance of about […]
Satellite radio service Sirius XM Holdings says it will beat its 2014 revenue forecast of $4.15 billion after net subscriber additions exceeded expectations. The company reported about 1.8 million net subscriber additions for the year, above its increased forecast of 1.5 million. Sirius also forecast revenue of about $4.4 billion in 2015 and net subscriber […]