Motive Television, a leading media investment company, has raised £400k (E456k) through the subscription of new shares to retail and institutional investors. The money will be used to continue the marketing and development of its Digital Terrestrial TV ('DTT') technology business. As part of the Company's new strategic focus, it has already secured the global […]
Swedish film streaming site Voddler, still in beta, has won another $3.5 million in funding from Eqvitec Partners and brings the total amount invested to million $20.2 million. To coincide with the announcement, Voddler is also extending its beta programme to Norway. Voddler already has 420,000 users in Sweden, and the plan is to extend […]
News Corp returned to profit with $254 million for the three months to December, compared with a $6.4 billion loss a year ago – down to major asset write-downs. “Content is not just king, it is the emperor of all things digital,” said chairman Rupert Murdoch. “We’re on the cusp of a digital revolution from […]
Time Warner said its net income rose to $627 million, in the quarter ended Dec. 31, compared with a $16 billion loss in the year-earlier quarter (based mainly in writing down AOL value). The company said adjusted operating income rose 35 per cent to $1.5 billion, matching analysts’ expectations. Sales rose 2 per cent to […]
Comcast the number one US cable operator, reported a higher-than-expected quarterly profit on as it added more Internet and phone subscribers. Net profit rose to $955 million from $412 million a year earlier. Revenue rose 2.9 per cent to $9.07 billion as the cable company added a net 247,000 high-speed Internet customers and 243,000 digital […]
Virgin Media saw a record breaking 2009 with over 750 million on demand views, an increase of 50 per cent on the previous 12 months. Over 59 per cent of Virgin Media's 3.7 million TV customers are now regularly using the service, an increase of over a quarter of a million homes in a year. […]
As consumers access digital video on more devices, applications for MPEG digital video compression technology are expanding, particularly in portable devices, reports In-Stat. As a result, shipments of MPEG ICs, which support compression and decompression of digital video, will reach 2 billion units by 2013. “Compression technology continues to improve, offering lower bit rates and […]
Time Warner Cable the second-largest cable company in the US swung to a fourth-quarter profit after its year-ago results were dragged down by big write-downs related to its spin-off from Time Warner. The cable company continued losing video subscribers and overall customers during the quarter amid rising competition and a weak economy. It was able […]
Online movie rental outfit Netflix has reported results for the fourth quarter and year ended December 31, 2009. Netflix ended the fourth quarter of 2009 with approximately 12,268,000 total subscribers, representing 31 per cent year-over-year growth from 9,390,000 total subscribers at the end of the fourth quarter of 2008 and 10 per cent sequential growth […]
Satellite broadcaster BSkyB has reported strong second quarter results and confirmed that it will launch Sky 3D, Europe's first dedicated 3D TV channel, this April. As part of the final preparations for the launch, and to preview the service, Sky will become the first TV company anywhere to broadcast a live 3D TV sports event […]