While virtual reality (VR) is set to see significant growth in the next ten years, with GlobalData estimating it will become a $51 billion (€44bn) industry by 2030, the technology is still not a ‘mainstream success’. The data and analytics company notes that VR’s important role in the future of work and its part in […]

Gilat Satellite Networks, a global player in satellite networking technology, solutions and services, has reported its results for the third quarter of 2021. The company reported revenues of $49.9 million (€43.1m), a 34 per cent increase from $37.3 million in Q3 2020 and 12 per cent lower than $56.9 million in the previous quarter. Additional […]

Worldwide spending on telecommunications and pay-TV services is forecast to reach $1.5 trillion (€1.3trn) in 2021, representing an increase of 1 per cent over 2020, according to the Worldwide Semiannual Telecom Services Tracker from market intelligence firm International Data Corporation (IDC). The latest forecast is more optimistic than the May 2021 forecast as it presumes […]

Despite predictions of a pandemic peak, streaming adoption continues to gain ground in almost every single region quarter after quarter, according to the Q3 2021 State of Streaming report from Conviva. Streaming viewing time grew 21 per cent worldwide in Q3 2021 as compared to the same quarter in 2020, led by Africa, Oceania and […]

Technicolor delivered a positive third quarter 2021, and a significant improvement in profitability, despite supply constraint challenges affecting both Connecting Home and Technicolor Creative Studios. For the first nine months of the year, the Media and entertainment technologist reported: Revenues of €2,050 million, a 4.4 per cent decrease at constant exchange rate, negatively impacted by […]

Roku has reported that total net revenue grew 51 per cent year-on-year to $680 million (€588.1m) in the third quarter. ARPU surpassed the milestone of $40 (trailing 12–month basis) and grew nearly 50 per cent year–over–year. In a letter to shareholders, the company said: As the global shift to TV streaming continues, our performance demonstrates […]

ProSiebenSat.1 Media continued its revenue and earnings growth in the third quarter of 2021. The Group generated a considerable revenue increase of 15 per cent to €1.05 billion (previous year: €921 million), with the advertising business in particular growing strongly and improving even better than expected after the effects of the pandemic. In the Entertainment […]

Despite a slight decline in the worldwide mobile subscriber base resulting from the Covid-19 pandemic, mobile network operators across different markets continue to expand 5G network deployments. By the end of 2020, 264 million subscriptions were achieved, notes technology intelligence firm ABI Research, who forecast that the 5G market will continue to accelerate and reach […]

Ideal Systems has announced that is has designed, built and delivered next-generation NDI based TV studios with 4K live production and streaming capabilities for iFAST Corporation, a leading Singapore public listed wealth management fintech company. The cutting-edge facilities are located at iFAST Corp’s head office in the Ocean Financial Centre in the heart of Singapore’s […]