Virgin Media, the UK's sole significant cable operator, is completing its long road to restructuring its debt taken on through consolidation. Eamonn O'Hare, finance director, says scheduled repayments have been reduced from £4.8 billion (E5.5bn) by 2012 to £325 million by 2013, and there is no single payment over £200 million before 2015. He says […]
Netflix’s first-quarter income rose 44 per cent as the movie subscription service added 1.7 million more customers. The service has picked up more than 5 million subscribers in the past 18 months as more households are embracing Netflix’s DVD-by-mail and Internet video packages. Netflix ended March with nearly 14 million subscribers and expects to add […]
An upturn in online advertising helped profits at Internet firm Yahoo almost treble in the three months to the end of March. Net profit rose to $310 million from $118 million in the same period a year ago. The company’s takings were helped by its search and advertising partnership with Microsoft and sale of the […]
BlackArrow, a global provider of advanced advertising solutions for New Television platforms, has closed $20 million in Series C financing. The round was led by strategic investor NDS Group – and included existing investors Cisco Systems, Comcast Interactive Capital, Intel Capital, Mayfield Fund and Polaris Venture Partners. This financing provides new capital to expand product […]
SeaChange International has published financial results for its fourth quarter and full year ended January 31, 2010. Total revenues for the fourth quarter were $53.0 million, $1.0 million lower than fourth quarter 2009. Total revenues for all of 2010, ended January 31st, were $201.7 million, which was $0.1 million lower than total revenues of the […]
Gerhard Zeiler, the chief executive of Channel Five’s parent company RTL, has said that the group remains “100 per cent” committed to the UK commercial broadcaster despite last year’s loss, noting that it will be a “valuable asset” in the expected consolidation of the UK TV market. Five reported an overall loss of £37 million […]
Archie Norman, the new chairman of ITV, has said that developing its own content would be crucial to the future of the commercial broadcaster, as full-year figures showed the company had returned to profit. Figures for the year to December 31st showed ITV turned to a pre-tax profit of £25 million (E27.5m) after a loss […]
UK STB manufacturer Pace has reported revenues increased 52 per cent to £1.133 billion (E1.248bn) in the year to end-December 2009, up from £745.5 million the previous year. Profit before tax was up 405 per cent to £69.9 million. Neil Gaydon, CEO, said: ‘In 2009 Pace delivered exceptional growth and record results and is now […]
Europe’s largest entertainment group Vivendi posted better-than-expected sales and operating profit for 2009, boosted by a buoyant performance at its games and telecoms divisions. But the owner of Universal Music Group, the world’s biggest record company that competes with EMI and Sony, said net profit was hit by a surprise provision for possible damages in […]
The Kudelski Group, owner of Nagravision and OpenTV, has announced its 2009 annual results. Following the completion of the transition of selected large accounts to the service model in the first half 2009, the Kudelski Group delivered strong second half results, both in terms of top line and profitability. Total revenues including other operating income […]