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 […]
The Japanese Financial Services Agency has started an investigation into KDDI over its planned purchase of Jupiter Telecommunications shares from Liberty Global, according to reports in Japanese newspapers. The FSA is asking KDDI to change the planned purchasing method for the shares to a tender offer, the report said, as the transaction in its current […]
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. […]
China Digital TV, provider of conditional access systems to China’s television market, has made a joint investment in OpenV, a leading Chinese online video company, alongside one of OpenV's existing shareholders. China Digital TV's investment will be up to $14.5 million through which China Digital TV's equity interest in OpenV would be approximately 25 per […]
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 […]
The European Commission has determined the French plan for a tax on telecom operators to finance public broadcaster France Télévisions is an administrative charge incompatible with European law, and has opened infringement proceedings against France. The Government has two months to reply to make representations.
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 […]
China Broadcasting Corporation (CBC), China’s national operator of CMMB mobile TV, CBC general manager Sun Chaohui revealed that CBC and China Mobile will officially launch mobile phone TV service in early February. CBC and China Mobile signed an agreement to cooperate by promoting CMMB service on TD-SCDMA handsets in May of last year. Although CMMB-enabled […]