The board of UK and Ireland football broadcaster Setanta is meeting this week to assess whether it has any options other than placing the business in administration. Last week the company failed to pay the Scottish Premier League £3m (E3.4m). The SPL has had to find £3m from its own funds to distribute to the […]

beeTV, the inventors of the PCC (Personal Content Channel), have announced the completion of a Series B Fund acquisition of $8 million. The funding was led by Innogest, the largest venture capital firm operating in Italy. beeTV targets becoming the default entry system for television viewers into their world of TV entertainment. Additionally, beeTV plans […]

Kabel Deutschland (KDG) has posted its fiscal results for the year ended 31 March 2009, recording a 14.5 per cent rise in revenue to E1.37 billion. The German cable operator announced a record increase in EBITDA to E570.7 million, up 24.7 per cent compared with the 2007/08, exceeding the guidance of E565 million. At March […]

TiVo posted its second straight quarterly loss on Wednesday, but it was smaller than expected as the company reined in costs to offset sliding revenue and slowing user growth. The company said it swung to a net loss of $4.1 million from a profit of $3.6 million a year earlier. Revenue in the period, which […]

During the first three months of 2009 the “Chaînes Canal+” package commanded a 4.5 per cent share of French viewers, a 0.2-point increase from first-quarter 2008 that it says reflects the popularity of Canal+ Family and Canal+ Sport. The number of unique visitors to the new canalplus.fr website doubled to 2,354,000 in February, representing a […]

Europe’s largest entertainment group, Vivendi, has stood by its 2009 outlook said it was confident it could weather the global economic downturn as it posted a 16 per cent rise in first-quarter underlying earnings, slightly above expectations. The owner of NBC and Universal Music Group said it was on track to achieve its 2009 goals […]

From David Del Valle in Madrid The largest Spanish cable operator, ONO, ended the first quarter with a net profit of E12.06 million, 61.4 per cent up than the same period the previous year, in spite of the fact that its revenues fell by 3.2 per cent to E338 million and its subs dropped by […]

ITV saw its revenues decline 14 per cent in the first three months of this year, and said it now intended to cut costs by a further £40 million (E46m) in 2010. The firm, which announced 600 job cuts two months ago, said revenues for the January to March period totalled £425 million, down from […]

Sony has reported its first annual loss in 14 years, after being hit by a big drop in sales. It reported a loss of $1.04bn for the year to the end of March. The company blamed the global downturn and the strong yen for the loss. Worldwide sales were down 12.9%. It had previously announced […]

France’s Eutelsat, the world’s third-largest satellite operator, has raised its full-year revenue targets after posting a 5.6 per cent increase in third-quarter sales. The company said it now expected full-year sales of E925 million against E910 million previously forecast. The group had already raised its revenue guidance from E900 million to E910 million three months […]