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 […]

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 […]