Verizon has announced it has now over one million subscribers to its fibre FiOS IPTV service. In Q4 2007, the service gained 226,000 customers, for a year-end total of 943,000. The company is now the tenth largest provider of television services in the US. Launched in September 2005, FiOS TV offers hundreds of digital video […]
MPEG-4 technology specialist Neotion has received a capital injection of E6 million. The prime investor is General Satellite Corporation (GSC), a fast-growing digital television receiver manufacturer. GSC has a strong presence in what Neotion describes as Strategic Emerging Markets where MPEG-4 is set to spread rapidly, including Europe, Eastern Europe and Russia, where the positioning […]
German broadcaster ProSiebenSat.1 said adjusted core earnings more than doubled in the third quarter mainly thanks to the acquisition of SBS broadcasting. Earnings before interest, tax, depreciation and amortisation rose to E124.8 million. As expected by the company, a E120 million fine imposed by Germany’s cartel office for anti-competitive practices in the marketing of advertising […]
Avail Media, provider of IPTV and advanced media services to broadband operators, has closed the final tranche of a $25 million Series B equity round. First time investor Valhalla Partners joined Columbia Capital, Novak Biddle Venture Partners, and Pioneer Ventures in the round. The financing, along with $5 million in debt financing from a strategic […]
Digital video recorder maker TiVo has reported a narrower quarterly loss as its revenue and subscriptions increased, and it issued a forecast that was more optimistic than estimates. The net loss was $8.24 million, for its fiscal third quarter compared with a loss of $11.1 million, a year earlier. Revenue rose to $75.5 million from […]
Spotzer Media Group, provider of multi-media video advertising campaigns, announced the closing of a E10 million financing led by Sierra Ventures of Menlo Park, California. European Directories, operator of leading yellow page publishers in nine countries, also invested. Spotzer will primarily use the new capital to extend its innovative rich media advertising services into the […]
Setanta Sports has raised an extra E130 million to finance its assault on BSkyB’s dominance of football coverage. The funding has come from a share issue to existing backers – including Doughty Hanson and Balderton Capital, the private equity firms, and Goldman Sachs – and will be used to bid for rights acquisitions such as […]
Ericsson, the Swedish telco supplier, lost another 11 per cent market value on Tuesday after it told an investors fourth-quarter earnings would come in at the lower end of expectations. It issued a shock profit warning last month. That warning wiped out a quarter of the Swedish company's market capitalisation – about $15 billion (E10.1) […]
From David Del Valle in Madrid Spain’s largest cable company ONO has declared a loss of E186 million in the first nine months of the year as a result of the extra costs for the acquisition of its former rival Auna. However it achieved well EBITDA of E480 million, up 17.8 per cent, and with […]
From David Del Valle in Madrid The Ministry of Industry and the Pro DTT Association, ImpulsaTDT, have signed an agreement to invest E6 million in the promotion of DTT to boost the DTT take-up during the Christmas campaign. Both parties will launch joint media campaigns and other marketing (sponsorship of conferences, events, fairs) to raise […]