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 […]
Telefónica Spain's Imagenio service added 48,725 pay-TV subscribers in the fourth quarter of 2009, taking its customer base to 702,980, up 14.8 per cent year-on-year. It said that the now had a pay-TV market share of 17 per cent, based on coverage that was limited to only 60 per cent of Spanish households. Telefónica said […]
Convergence and innovation were the keys to success and record sales of Packs, Belgacom TV has stated. In 2009, the Belgacom Group reported a net profit of E904 million. Didier Bellens, CEO of the Belgacom Group said “Not only did we obtain many new customers, but existing customers remained loyal to us, despite the fierce […]
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 […]
Sirius XM posted strong Q4 results thanks to additional subscribers and severe cost cutting. Quarterly earnings came in at $14.2 million, up from a loss of $245.8 million a year earlier. More than 257,000 net new customers were added leaving Sirius to close the year with 18.8 million subs, slightly less than the 2008 number. […]