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 […]
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 […]
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 […]
Cable Europe, welcomed the decision of the European Commission to address the monopolistic way in which copyright collecting societies are organised in Europe. Cable Europe called for a new copyright collecting system that stimulates the development of new digital content services, and ‘future proofs' collections. Cable operators in Europe regard the Commission's decision (to order […]
BT Vision has confirmed it will be offering sports channel Setanta Sports 1 on a subscription free basis. If users sign up to the Bronze, Silver or Gold packages, which start at £14 (E18) a month, they will receive Setanta Sports 1 free of charge. This gives access to Setanta Sports 1's 46 live Barclays […]