India’s transition to digital transmission is proving to be highly beneficial for major MSO Siti Cable. Siti enjoyed a robust three months and has reported a 57 per cent growth in revenues for the quarter ending in September. It has posted a revenue of over $26.4 million. In the same quarter last year, it had […]
Paris-based satellite operator Eutelsat will deliver its Q1 numbers after the market shuts on October 29th, but most analysts expect a ‘steady as she goes’ report. Investment banker Morgan Stanley, in a note to clients, says candidly that ”very little happened in Q1” although that statement ignores the mid-September Tribunal decision to award key transmission […]
Samsung Electronics has reported a 26% jump in profit in the third quarter driven by strong smartphone sales and a recovery in its memory chip business. It made a net profit of 8.24 trillion won ($7.6bn) in the July-to-September quarter, up from 6.56tn won during the same period a year earlier. Operating profit rose to […]
For the first time in five years, the media and entertainment industry is expected to outperform the major stock market indices in 2013, according to Spotlight on Profitable Growth: Media and Entertainment, Vol. VI, a new report just released by business consultancy firm EY. Overall revenue and EBITDA dollars have continued to climb steadily for […]
Netflix is an emblematic company; emblematic of the starkly simple fact that ubiquitous fast access is rewriting the rules of pay-TV. The California company does what ‘traditional’ players like Showtime and HBO do, but does it with an aggressive price and complete control of its marketing and – in most respects – its distribution. This […]
The Berlusconi-backed Mediaset Spain commercial broadcasting business has reportedly suffered a 13.7 per cent fall in its advertising revenue during the first 9 months of this year. Mediaset Spain will unveil its formal results for the 9-months on October 30th after the closing of the Madrid stock exchange. Mediaset Spain, owner of TV channels Telecinco […]
Ericsson reported third-quarter sales down three percent to SEK 53 billion (€6.2bn), hit by exchange effects and a slowdown in major projects. Comparable sales excluding forex rose three percent from a year earlier. Operating profit improved to SEK 4.2 billion from SEK 3.1 billion a year earlier, in part thanks to a shift in Europe […]
India’s leading DTH broadcaster, Dish TV, reported improving Q2 revenues and profits, but said that subscriber growth is slowing. Dish TV’s net loss narrowed to Rs 160 million ($2.6m) from Rs. 304 million) in the same period last year. Revenues rose 2.5 per cent to $96.4 million during a quarter in which Dish TV added […]
US telco AT&T has reported that total U-verse subscribers (TV and high speed Internet) reached 10 million in the third quarter. U-verse TV had its second-highest net adds ever and best net adds in almost five years, adding 265,000 subscribers to reach 5.3 million in service. AT&T now has more pay TV subscribers than any […]
LG Electronics has revealed Q3 2013 consolidated revenues of $12.51 billion. While competitive conditions in the TV sector and an unfavourable foreign currency exchange rate affected overall revenues compared with the 2012 third quarter, sales of mobile devices increased year-over-year by 24 per cent. LG saw a 27 per cent increase in third-quarter operating profit […]