GridNetworks, provider of managed Internet television delivery services, has announced that Cisco Systems has made an investment as a strategic investor in GridNetwork's first round funding. With this latest investment, GridNetworks raised a total of $9.5 million financing. GridNetworks streams television and film content with HD clarity and high-fidelity sound to a computer or a […]

Highwinds Network Group, a multi-platform IP services and content distribution provider, has closed a $55 million round of equity financing led by General Catalyst Partners and Alta Communications. The financing will fund the infrastructure build-out of Highwinds' RollingThunder network, including a content delivery network offering. Highwinds' RollingThunder network was unveiled in conjunction with an announcement […]

Digital video recorder maker TiVo reported a narrower Q4 loss, beating expectations as it cut marketing costs and pushed its high-definition product. Its net loss decreased to $6.4 million from a year-earlier $19.5 million. TiVo is trying to drive sales of its $299 TiVo HD box rather than the free, standard-definition offer from a year […]

RTL Group, Europe’s biggest broadcaster, posted a 37 per cent decline in 2007 profit because of one-time charges including a cartel fine in Germany and comparisons to 2006 when earnings were boosted by asset sales and tax gains. Net income dropped to E563 million from E890 million euros. Sales rose 1.2 per cent to E5.71 […]

ITV lost £58 million from the call-TV crisis last year, as tumbling revenues from premium-rate services contributed to a 5 per cent decline in income and a 35 per cent slide in pre-tax profits. The UK broadcaster has reported revenues of £2.08 billion (E2.79bn) in 2007, down 5 per cent on £2.18 billion the year […]

The total of subscribers in France and its overseas departments and territories and Africa, came to 5.3 million at December 31, 2007, representing an annual net increase of 80,000. The Canal+ 'Le Bouqeut' package recorded 715,000 new home and institutional subscriptions, its best performance in 20 years. The cancellation rate for home subscriptions in France […]

Kudelski, the world’s largest supplier of digital pay-television smart cards through its Nagravision unit, said profit halved last year and earnings will decline further in 2008. The shares dropped to a five year low. Net income fell to 67.4 million Swiss francs from 138.5 million francs (E87.4m) a year earlier The Switzerland-based company said sales […]

Like its putative partner XM Satellite Radio said that it narrowed its fourth-quarter loss, helped by a 20 per cent increase in revenue. XM reported a loss of $239 million compared with a loss of $263 million in the comparable quarter a year ago. Fourth-quarter results in 2006 were reduced by a one-time charge of […]

Viacom reported a 16 per cent gain in fourth-quarter earnings as it benefited from DVD sales and a strong performance at its core cable television division. Viacom earned $559.5 million, compared with $480.8 million during the same period a year earlier. Revenue jumped 19 per cent to $4.25 billion. Philippe Dauman, Viacom's chief executive, said […]

The Belgian incumbent has claimed 305,319 year end subs for its Belgacom TV IPTV service, adding 165,654 new homes in 2007. ARPU vice was E16.10 a month. The digital subs total puts it not far behind main cable operator Telenet with about 400,000 digital homes. Total digital penetration now stands at 22 per cent.