Panasonic is headed for a $10.24 billion loss this year (in the 12 months to March 31st) and is engaging on a significant restructuring of its giant electronics businesses. A year ago it managed a $6.2 billion loss, described then as being the worst-ever, has been exacerbated this year by the problems caused by the […]
Sky Deutschland has confirmed it had passed the three million subscriber mark. The broadcaster has also secured €300 million of working capital, underwritten by parent News Corp. The three million mark was actually passed just before the end of last year (3,012,000) although only confirmed on February 2nd. Its net subscriber growth was an impressive […]
San Francisco-based film and TV noise-reduction specialists Dolby Labs has reported a decline in profit for Q1, as revenues decreased and operating expenses rose. Nevertheless, earnings for the quarter came in ahead of analysts’ expectations. First-quarter net income was $73.16 million (compared to $86.4 million for the same period last year). For Q1 Dolby generated […]
BSkyB has a cheeky habit of under-promising and over-delivering on its results. It isn’t such a bad habit, but often catches out the analysts. Sky’s half-year numbers, revealed on January 31st, declared 6 per cent revenue growth to £3.4 billion, EBITA growth up 16 per cent and Earnings per Share up 20 per cent. Hard […]
Sky announced a slowdown in the number of subscribers joining its television services in the three months to December 31st with 40,000 sign-ups, down from 140,000 during the same period the previous year. But the existing base bought more broadband and telephone packages and underlying profits grew 15 per cent to a record £601 million […]
Chellomedia Dutch premium channels Film1 and Sport1 have announced a 7 per cent growth in subscriber numbers bringing the total to 490,000 for the year ended December 2011. Chellomedia says the growth in subscribers is mainly driven by innovation and commitment to add features to the Film1 service all of which are designed to enhance […]
BSkyB unveils its Q2 numbers on January 31st, and most observers see continued progress for the broadcaster, although with net TV subscriber additions being somewhat less than this same time last year. Investment banker Morgan Stanley forecasts net TV subs growing by 69,000 (140,000 this time last year). This slower growth might also affect HD […]
Time Warner Cable continued to add high-speed Internet customers but lose pay-TV subscribers in Q4 2011, as the second-largest cable operator in the US navigated “rapid changes in technology in the consumer marketplace”, according to chief executive Glenn Britt. Residential high-speed Internet revenues were up 8.6 per cent on the addition of 117,000 customers, and […]
Michael Fries, chief executive of Liberty Global, has said that a smart pricing strategy and a presence in select European markets have helped the media company and broadband provider grow, despite Europe’s larger economic woes. “We’re big believers in Europe. And our products, as you know, are relatively inexpensive. And we have grown right through […]
AT&T U-verse TV added 208,000 subscribers to reach 3.8 million in service in Q4 2011. As U-verse scales, the US telco sees margins improve. In the fourth quarter, the AT&T U-verse High Speed Internet attach rate was 90 per cent and about half of new subscribers took AT&T U-verse Voice. About three-quarters of AT&T U-verse […]