Comcast the number one US cable operator, reported a higher-than-expected quarterly profit on as it added more Internet and phone subscribers. Net profit rose to $955 million from $412 million a year earlier. Revenue rose 2.9 per cent to $9.07 billion as the cable company added a net 247,000 high-speed Internet customers and 243,000 digital […]
Virgin Media saw a record breaking 2009 with over 750 million on demand views, an increase of 50 per cent on the previous 12 months. Over 59 per cent of Virgin Media's 3.7 million TV customers are now regularly using the service, an increase of over a quarter of a million homes in a year. […]
As consumers access digital video on more devices, applications for MPEG digital video compression technology are expanding, particularly in portable devices, reports In-Stat. As a result, shipments of MPEG ICs, which support compression and decompression of digital video, will reach 2 billion units by 2013. “Compression technology continues to improve, offering lower bit rates and […]
Time Warner Cable the second-largest cable company in the US swung to a fourth-quarter profit after its year-ago results were dragged down by big write-downs related to its spin-off from Time Warner. The cable company continued losing video subscribers and overall customers during the quarter amid rising competition and a weak economy. It was able […]
Online movie rental outfit Netflix has reported results for the fourth quarter and year ended December 31, 2009. Netflix ended the fourth quarter of 2009 with approximately 12,268,000 total subscribers, representing 31 per cent year-over-year growth from 9,390,000 total subscribers at the end of the fourth quarter of 2008 and 10 per cent sequential growth […]
Satellite broadcaster BSkyB has reported strong second quarter results and confirmed that it will launch Sky 3D, Europe's first dedicated 3D TV channel, this April. As part of the final preparations for the launch, and to preview the service, Sky will become the first TV company anywhere to broadcast a live 3D TV sports event […]
Roku, the television set-top box maker spun off by Netflix, is planning to raise $30 million in private funding this quarter and may sell shares to the public next year, Chief Executive Officer Anthony Wood said. The company, which lets customers stream movies from Netflix and Amazon.com on their TVs, along with music from Pandora […]
Verizon’s FiOS ended 2009 with a comparatively sluggish quarter, adding 153,000 subscribers for both TV and Internet services. Verizon had 2.9 million FiOS TV customers as of the end of 2009, and 3.4 million FiOS Internet customers. Year to year, Verizon boosted FiOS TV subs by 49 per cent (with a 24.5 per cent penetration […]
Sirius XM the now sole satellite radio player in the US, added 257,000 net new subscribers for the fourth quarter 2009 and reported $100 million free cash flow for the full year. Mel Karmazin (CEO) noted that 2009 is the first year ever for Sirius XM to report positive free cash flow for an entire […]
Major Spanish cableco has begun a major refinancing with a E200 million injection from existing VC backers. The company, which faces large repayments on a E3.5 billion loan, plans to negotiate to push the 2010, 2011 and 2012 amortisation schedule out to 2013. ONO initiated discussions with its main relationship banks at the back-end of […]