The CEO and CFO at troubled Australian satellite (would-be) operator NewSat have been let go from the company which is in bankruptcy administration. CEO Adrian Ballintine was made redundant last Friday and CFO Mark Spragg let go on June 3rd. The company’s administrators said the two were “surplus to NewSat’s needs”. Ballintine founded NewSat back […]
Grand View Research has published its Global Set Top Box Market analysis and Forecasts, 2015 To 2022 research report, revealing that the global STB market is expected to be driven by the emergence of digital television along with surging demand for HD channels over the forecast period. Government regulations mandating digitisation to replace cable television […]
Aircraft ‘direct-to-seat’ entertainment and connectivity for passengers while travelling, currently represents a very modest 1 per cent of revenues for the major satellite players such as Eutelsat and SES. A major report from investment banker Exane/BNP-Paribas expects revenues from in-flight connectivity to grow to 15 per cent of group revenues at Eutelsat by 2025, and […]
Multiscreen specialist SeaChange International has reported first quarter fiscal 2016 revenue of $23.2 million (€20.6m) and US GAAP loss from operations of $9.5 million compared to first quarter fiscal 2015 revenue of $24.3 million and US GAAP operating loss of $10.1 million. Excluding stock-based compensation, amortisation of acquisition-related intangible assets and earn-outs and change in fair value of earn-outs, all […]
Sling TV is launching the “Sling Latino” brand, a live and on demand, OTT streaming service, giving Spanish-speaking and bilingual viewers more choice in TV content. Available immediately, viewers can select from two base packages, “Paquete Total” (22 channels for $12 per month) or “Paquete Esencial” (16 channels for $7 per month), each with live […]
Back in January 2013 Qatari news channel Al Jazeera controversially agreed to buy CurrentTV from a group of investors including former vice-president Al Gore. The agreed fee was $500 million. The problem is that Al Jazeera had placed around $85 million in a Chancery Court-approved escrow account and neither Gore or his co-founder and former […]
US pay-radio operator Sirius-XM, which already has some 27.7 million subscribers, says it is ready for the next stage of its development. Speaking to Jessica Reif Cohen, senior media analyst at Bank of America Merrill Lynch, Sirius-XM’s CFO David Frear told delegates to the banker’s media conference that the operator had a “bunch” of science […]
Millicom, the Latin America and Africa telco and media company, has signed a Share Purchase Agreement to acquire an 85 per cent stake in Zanzibar Telecom (Zantel) from Etisalat Group. Zantel is the leading mobile telecom operator on the islands of Zanzibar with 2014 gross revenues of $82 million (€73m) and 1.7 million subscribers across […]
The Canadian Radio-television and Telecommunications Commission (CRTC) has released statistical and financial information on Canadian specialty, pay, pay-per-view and VoD television services for the broadcast year ending August 31st 2014. In 2014, revenues from these services increased by 3.1 per cent compared to the previous year, rising from 4.1 to 4.2 billion dollars. This increase […]
NanoTech Entertainment, an expert in bringing the 4K Ultra HD experience to consumers has released a version of its UltraFlix 4K Ultra HD network on the MAC OS X operating system with support for the 5K iMac. Aaron Taylor, NanoTech VP of Sales and Marketing noted “The 27-inch iMac with Retina 5K display is the […]