Net revenues for the six months ended June 30, 2008 increased 45 per cent to $528.9 million, compared to the first half of 2007. Operating income for the first half increased $62.8 million to $142.7 million. Net income increased $48.2 million to $82.5 million. Michael Garin, CME's Chief Executive Officer, commented: “The outstanding second quarter […]

Leveraging blinkx's patented video search technology, blinkx Remote filters out video spam, illegal clips, and inappropriate material that has been falsely tagged and will find only full length, legally available, episodes of TV programmes. blinkx does not have partnership deals with broadcasters to operate the service, but uses publicly available programme data in the same […]

In connection with this acquisition, CME will also enter into a consulting agreement with Krassimir Guergov, a well know media entrepreneur in Bulgaria who will continue to provide his expertise and advice for the development of TV2, Ring TV and the other broadcasting properties of CME in Bulgaria. Michael Garin, CME's Chief Executive Officer, commented: […]

The lawsuit, comes two months after the television networks complained in a letter to the closely held website that it violated copyright laws by running unauthorised clips and full-length programs. After receiving the letter, the lawsuit charges, “Redlasso, in fact, did not stop reproducing, publicly performing or publicly displaying the network’s programming and content.” Redlasso […]

The ISPs though have rejected demands from the music industry to cut people’s connections if they ignore repeated warnings. An estimated 6.5 million Britons were involved in illicit music downloads over last 12 months, a trend estimated to cost the music industry up to £1 billion in the next five years. The firms have also […]

MTV South Europe, one of the seven divisions of the global music TV network present in 146 countries, plans to create a network of branded hostels for young tourists. Presenting MTV Italia's autumn program schedule in Milan, CEO Antonio Campo Dall'Orto said that the broadcaster is “sounding out several global entrepreneurs in the hotel business” […]

But the groups said the waiver _will give the largest motion picture production companies veto power over the connections which are used to connect set-top boxes, receivers, high definition televisions, home theatre systems, digital video recorders and other consumer electronics devices, the groups said in their comments. This veto power will give media companies leverage […]

Seven public-interest and consumer groups have called on the Federal Communications Commission (FCC) to turn down Hollywood_s request to take control of consumers' TV sets But the groups said the waiver _will give the largest motion picture production companies veto power over the connections which are used to connect set-top boxes, receivers, high definition televisions, […]

Three former top executives of AOL are backing a new online video venture being launched aimed at creating a new outlet for documentary feature films, a category that has struggled to gain mainstream attention. Founded by AOL Vice Chairman Emeritus Ted Leonsis, the site, SnagFilms, will offer about 200 feature-length films initially, with about 750 […]