News network CNN plans to lay off “hundreds” of staff as it refocuses the business around a global digital audience, according to reports. The layoffs come as CNN is rearranging its linear TV lineup and building out digital subscription products. CNN hopes the cuts will lower production costs and consolidate teams, according to a CNBC […]
Luminate, the entertainment industry’s data partner, has unveiled its 2024 Year-End Film & TV Report. The report delivers insights surrounding the volume of TV and film content being produced in the US. This year’s report also includes streaming viewership metrics from the company’s Streaming Viewership (M) tool, along with consumer behaviour data from Luminate’s Insights […]
DE-CIX, the Internet Exchange (IX) operator, has revealed another record-breaking milestone in the amount of global data traffic being exchanged at its locations in 2024. More than 3,400 connected networks exchanged over 68 exabytes of data traffic at DE-CIX’s locations around the world, corresponding to an increase of around 15 per cent compared to the […]
The top 20 revenue generating clubs in world football made a record €11.2 billion in the 2023/24 season, according to the 28th edition of the Football Money League published by the Deloitte Sports Business Group. This marks a 6 per cent increase in cumulative revenues from the previous season, with Money League clubs reporting record matchday, […]
The UK’s Competition and Markets Authority (CMA) has launched strategic market status (SMS) investigations in a second area of digital activity: mobile ecosystems. Two investigations – one into Apple and another into Google – will assess in parallel these firms’ position in their respective ‘mobile ecosystems’ which include the operating systems, app stores and browsers […]
Japan’s Fuji Media Holdings has held an emergency board meeting after 80 advertisers, including the likes of Toyota, McDonald’s, 7-Eleven and SoftBank, said they would pull adverts from its TV channel. The company is accused of failing to respond adequately to a sex scandal involving Masahiro Nakai, a 52-year-old former star in the boyband SMAP, […]
ABS, formerly known as Asia Broadcast Satellite, has a recently appointed new CEO Mark Rigolle (who was previously CFO at SES and CEO at O3b) and announced some valuable new contracts over the past year. However, the headline numbers for the year to September 30th 2024 showed a fall of 4 per cent under what […]
LG Electronics has announced its financial results for the year 2024, disclosing a consolidated revenue of KRW 87.73 trillion (€58.6bn) and an operating profit of KRW 3.42 trillion. This marks a new record for the highest annual revenue in the company’s history. In terms of revenue, both the home appliances and the vehicle components business […]
The latest Barb viewing data shows that Gavin and Stacey: The Finale (which aired on BBC1 on Christmas Day) is at 20.9 million viewers after 28 days, whilst Wallace and Gromit: Vengeance Most Fowl (which also premiered on BBC1 on December 25th) has reached 21.6 million views after seeing a huge uplift with audiences, particularly […]
Prime Video, Starz and Warner Bros Discovery announced the launch of a new Max/Starz bundle for customers to seamlessly subscribe to both streaming services through Prime Video in the US Customers can access the ad-free Max and Starz bundle for $20.99/month, an approximate 25 per cent savings. “We are thrilled to team with Prime Video […]