Time Warner raised its profit outlook for 2009 boosted by better than expected results at its cable channels and films division, even as it reported a 40 per cent lower net income for the third quarter. The owner of CNN and the Warner Bros movie studio said it will take a $100 million charge for […]
SeeSaw, Arquiva's VoD service based on Kangaroo technology, has appointed Channel 4’s Matt Rennie as commercial director. Previously, Rennie worked in a business development role at Channel 4, where he led content distribution, managing commercial relations with distribution partners such as YouTube and Virgin Media. He joins a senior SeeSaw management team that includes chief […]
Paramount has sent a blunt letter to the FCC outlining its view on online piracy. It notes that it has evidence that following the worldwide release of Star Trek the movie was illegally downloaded by some 5 million IP addresses, each taking their files from one of six copies of the film illegally recorded by […]
The video search company blinkx is offering increased stakes to existing shareholders to raise £5 million (E5.5n) after burning through £13 million of its cash reserve in the past year on infrastructure costs. blink has seen its cash reserve plummet from $32 million to $10.7 million in the year to the end of September. In […]
According to the NYT NBC and Comcast have moved closer to a deal giving control of NBC Universal to Comcast, and a formal announcement could be made sometime next week. It says the two companies reached a tentative agreement that Comcast would own about 51 percent of NBC Universal, contributing several billions of dollars in […]
Cisco has announced a definitive agreement to acquire the set-top box business of DVN Limited. Listed in Hong Kong with major operations in China, DVN is a market and technology expert in digital cable solutions in China. Under the terms of the agreement, Cisco will pay up to $44.5 million for the set-top box business […]
The European Parliament and Council will include in its Telecoms Reform Package an entitlement for all broadband customers in all 27 EU states to be put through a “fair and impartial procedure” before being disconnected. The outcome is a compromise agreed after intense lobbying from ISPs in one side and rights holders on the others. […]
News Corp Chief Executive Rupert Murdoch said he doesn’t plan to rush into any huge acquisitions, including NBC, as News raised its fiscal 2010 earnings outlook following better-than- expected first-quarter results amid an improving ad market. The company declined to comment on the Travel Channel negotiations, citing disclosure agreements. Murdoch said the company will be […]
Ofcom has confirmed that Lord Burns will be the next chairman of Channel 4, and will join the broadcaster’s board immediately for a handover period before Luke Johnson’s departure in January. He will join Channel 4 immediately as chairman-designate, working with Johnson to find a new chief executive to replace Andy Duncan. Duncan is expected […]
Liberty Global's third-quarter loss – its fifth in a row – narrowed on higher sales and smaller effects of foreign-currency exchange. Chief Executive Mike Fries said the company demonstrated consistent growth in operating cash flow in the first three quarters of the year and expects to be at the high end of its forecast for […]