Google Chief Financial Officer Patrick Pichette has said that its YouTube video site should be profitable in the not-too-distant future. “We’re really pleased both in terms of its revenue growth, which is really material to YouTube and, in the not long, too long distance future, we actually see a very profitable and good business for […]

BBC Worldwide, the BBC’s commercial arm, saw yearly revenue hit £1bn (E1.16bn) for the first time, but profit fell because of write offs on Kangaroo and damage from the collapse of its video distribution JV with Woolworths. In the year to 31 March, revenue rose 9.5%, while profits were just £85.7m. BBC Worldwide made more […]

UK AIM-listed TV-and-web gaming vendor NetPlayTV is aiming to raise £12.8 million (E14.8m), to strengthen its balance sheet and finance further growth, by offering nearly 30 percent of its equity through a new share offer. The firm bought Bingos.com, acquired Rubberduck's mobile quiz subscribers and Pitch Gaming's database, secured a Sky EPG slot and took […]

Pace has reported that the company is on target to meet management expectations for the six months ended 30th June 2009. Neil Gaydon, Chief Executive Officer commented: "Pace has continued to capitalise on its excellent position in the growing global market for digital TV technology. The strong operating performance anticipated for the full year that […]

Vevo, the planned online music video service announced by Universal Music and YouTube in April, is seeking outside investment from advertisers after signing up its second large record label. Sony Music Entertainment announced that it would join Vevo, highlighting the proposed site's "attractive, clean and intuitive environment that appeals to fans and advertisers alike". Sony […]

SeaChange International, provider of software and hardware solutions for VOD television, has announced financial results for its fiscal 2010 first quarter ended April 30th, 2009. Total revenues for the quarter were $48.9 million, which was $3.5 million or 8per cent higher than total revenues of $45.4 million for the first quarter of fiscal 2009. Net […]

Phorm, the ad technology company, posted a pre-tax loss of $49.8m in 2008, up from $32.8m in 2007. However, the company insisted the launch of its controversial behavioural ad targeting technology in the UK is on track. The company said that as at 31 December 2008, the company had net assets of $22.4m, with cash […]

American investor Len Blavatnik is offering £20m (E23.4m) to buy some time for the beleaguered sportscaster. However the BBC reports he is demanding a 51% stake in return. Blavatnik is also involved with Top-up TV, the pay-tv channel on Freeview, and is said to have strong Russian connections.

Chinese digital set-top box manufacturer Coship Electronics has received conditional approval from the China Securities Regulatory Commission (CSRC) for a private placement, the value of which Coship estimates will not exceed RMB 430 million (E45m). Approximately 77 per cent of the funds are be used to build capacity for annual production of 2 million HD […]

A year after placing shares worth £32 million (E37m), Phorm, the ad targeting company, wants to sell 19.4 percent of the company through a new share offering for £15 million. In 2007, it burned through $22.4 million cash and made a $32.8 million loss. So far the controversial system has several trials but no confirmed […]