LG Electronics has announced third-quarter 2020 consolidated revenue of KRW 16.92 trillion (€12.18bn) and operating profit of KRW 959 billion. Both sales and profits were the highest for a third quarter in 62-year history of LG Electronics. Led by strong growth in home appliances and home entertainment, overall sales increased 7.8 per cent and operating […]
WWE has reported Q3 revenue of $221.6 million, an increase of 19 per cent on the same period last year. WWE Network, the company’s SVoD platform, saw average paid subscribers hit 1.6 million, an increase of 6 per cent. Digital video views were 9.2 billion, an increase of 3 per cent, and hours consumed were […]
The commercial arm of the Indian Space Research Organisation, Antrix, has been ordered by a US Federal Court in an arbitration to pay $1.2 billion to Devas Multimedia. The US federal court for the Western District (in Washington) has confirmed an arbitration award made by the International Court of Commerce on September 14th 2015, in […]
BT has published its results for the half year to September 30th. The telco described its revenue as being “relatively resilient” at £10.59 billion (€11.74bn), down 8 per cent – largely attributed to the impact of Covid-19 including reduced BT Sport revenue and a reduction in business activity in its enterprise units, and declines in […]
The European Connected TV Initiative, a move focused on exploring the advertising opportunities emanating from the growth of connected TV (CTV) in Europe, has launched with support from Google, Roku, Fincons Group and IPONWEB. Working and collaborating
Comcast has reported its best ever increases in broadband subscribers in Q3 2020. The cable company added 633,000 broadband customers, exceeding its previous record of 586,000 additions set in Q1 2007. But video customers declined by 273,000 in the period, an improvement over the 427,000 it lost in Q2 and slightly higher than the 222,000 […]
Amazon has hired Soumya Sriraman to lead its Prime Video Channels business in the US. Sriraman was previously BritBox President & CEO for US and Canada, with news of her departure from the role coming just 3 weeks ago. Sriraman now becomes the US head of Amazon’s Prime Video Channels, which operates access to OTT […]
Spain’s largest TV groups Mediaset and Atresmedia are paying a high price as a result of the coronavirus crisis. Both companies are seeing profits sharply dropping. In the first nine months of the year, Mediaset saw its profits fall by 34 per cent to €103.2 million, down €53.8 million. In Atresmedia’s case the reduction is […]
In the first nine months of the year, Orange Spain saw its revenues fall by 5 per cent to €3.7 billion with residential revenues even declining more with a cut of 6.5 per cent. The ongoing pandemic, along with the tough commercial battle in the market and the entry of new low-cost companies, has brought […]
Channel 4 has published its Annual Report 2019, describing the year as “a transformational year for the organisation as it delivered the biggest structural change in its history – opening new bases in Leeds, Glasgow and Bristol – and continued to grow its digital viewing and revenues at pace”. Channel 4’s digital views on All […]