Viacom Inc posted a better-than-expected profit, boosted by the film division. The New York-based owner of MTV Networks, Paramount movie studios and Nickelodeon cable channels said its second quarter profit fell less than 1 per cent to $434 million down from $437.3 million a year earlier. Revenue rose 13 per cent to $3.19 billion ahead […]
Disney has made its first acquisition in social networking buying Club Penguin, which operates an online virtual world for children, for a fee that could eventually rise to $700 million.The deal bolsters its presence in digital entertainment. Unlike social networking sites for older audiences, such as MySpace and Facebook, Club Penguin has a subscription-based business […]
Czech telco VOLNY has launched its IPTV service in the Czech Republic called VOLNY TV. The service offers nearly 40 Czech and foreign TV stations, as well as first-run movie channels, video-on-demand, HBO Digital, the VOLNY Album, which enables on-line viewing and sharing of photos published on the Internet, games and radio. VOLNY TV also […]
Tiscali will be launching its new IPTV service in Italy in late October. Reports state that Tiscali TV will access three RAI channels; RAI Fiction, Rai Cultura and RAI Junior. Tiscali TV subscribers will also be offered PVR features that will allow for on demand access to these channels and to RAI 1, RAI 2 […]
Graeme Oxby has replaced Alan Gow as MD of Virgin Media. He will report to Neil Berkett, Virgin Media’s chief operating officer and will be responsible for driving Virgin Mobile’s consumer proposition and additionally its integration with Virgin Media.
As predicted Virgin Media is to delay its auction in the hope credit market turbulence will settle to allow private equity suitors to finance bids of up to $23 billion (E16.8bn). The UK company had set a deadline of next week for initial offers, after an approach by Carlyle kicked off an auction. But its […]
Setanta says it has already signed up 2.5 million customers for its Setanta Sports package. Of those 2.5 million, 1.4 million are Virgin Media customers who had taken up the offer of adding Setanta Sports to their XL basic subscription package. The remaining 1.1m are paying £9.99 (E15) per month to access Setanta Sports via […]
The BBC is adding commercials to broadband video news clips on its BBC News web site when viewed outside the UK. In a message to web site visitors, the BBC said the technical quality of the video was being improved for overseas users “so that anyone anywhere in the world with a high speed internet […]
Qualitative consumer research, conducted by Evolution Digital, a provider of integrated IP Hybrid devices and IP Video solutions for the global cable industry, shows that pay-TV subscribers are eager for a new way to have access to both traditional cable TV channels and popular OTT services, and want cable set-top box technology to simplify their […]