Market research firm Infonetics Research has released excerpts from its latest Home Networking Devices vendor market share and forecast report, which tracks residential gateways; broadband routers; HomePlug Powerline adapters; multimedia over coax (MoCA) set-top boxes (STBs), optical network terminals (ONTs), and coax-Ethernet adapters; and HPNA/G.hn adapters. “Among the wide variety of gear we track for […]
Netflix’s stock surged yesterday as ‘active investor’ Carl Icahn revealed that his funds have acquired a 10 per cent stake in the business. Netflix shares actually tripped two circuit breakers in their rapid rise, triggering a temporary suspension of the stock. When shares resumed trading, they finished the day up around 14 per cent. Icahn […]
The market response on BSkyB’s quarterly numbers, released this morning, is highly favourable. Morgan Stanley’s comments were typical, saying that despite market fears of new competition “TV adds continued to grow with 20,000 net additions (Morgan Stanley’s forecast was 10,000). This puts into perspective recent concerns that Sky might suffer a fall in net adds […]
James Murdoch’s seat on the board of pay-TV group BSkyB was opposed by just 5 per cent of voting shareholders at the company’s annual investor meeting in London. There was no repeat of the rebellion at last year’s meeting in reaction to his handling of the News of the World phone-hacking scandal. Making his first […]
UK electrical retailer Comet is to go into receivership next week jeopardising 6,500 jobs. Private equity firm OpCapita, which owns the 240-store business, has lined up restructuring specialist Deloitte to act as administrator. OpCapita bought Comet last year for just £2, plus a £50 million dowry from its French owners Kesa Electricals. Two weeks ago, […]
Kim Dotcom has confirmed plans for Mega, a service to replace his shut down file-sharing website Megaupload. Mega is expected to use encryption methods which will mean only users will know what they are uploading. Dotcom is awaiting a decision in March whether Dotcom should be extradited from New Zealand to the US to face […]
Japanese consumer electronics make Sharp admitted that there was “material doubt” about its ability to stay in business as it warned of a second year of record losses. The century-old Japanese company said it expected to end the financial year to March with a net loss of Y450 billion ($5.6bn), worse than the Y250bn loss […]
Subscribers to the BT Vision channel topped 750,000 after 21,000 new sign-ups. Last quarter, BT’s YouView Internet TV service also launched with its core offering to be its recently acquired football and rugby packages. BT has reported that its pre-tax profit rose 9 per cent in the three months to September 30th to £602 million […]
Pay-radio operator Sirius-XM is on a roll. Its Q3 results show that its subscriber base grew by a record 446,000 to a new record total of 23.4 million. Revenue grew 14 per cent to $867 million. The company paid down $107 million of debt, helping reduce the broadcaster’s overall debt level to the lowest since […]
Italian commercial broadcaster Mediaset has a 63 per cent share of the TV advertising market (earning €2.05 billion/year), while its main rival, public broadcaster Rai, has only 23 per cent (€680 million). The figures from the Nielsen 2012 study also show that pay-TV operator Sky Italia has an 8 per cent market share (€258 million), […]