Sky maintains growth in challenging environment
British satellite broadcaster Sky has increased its subscriber base to over nine million and says it is still on track to reach its target of ten million. Revenue for the last quarter was up 5% to £1,249 million, while operating profit was up by 21% to £182, compared to a year ago.
Channel 4 attacks Google and ITV loses imagination
The chief executive of British broadcaster Channel 4 says that Google should pay for the material that it uses and invest in production. His counterpart at ITV has already branded Google a parasite. Revenues and profits at Google continue to rise above analyst forecasts in the face of recession. Rather than concentrating on enhancing their own commercial models, legacy broadcasters are simply complaining that it is unfair.
Freesat+ digital recorder to compete with Sky+
A free alternative to the Sky+ digital video recorder comes in the form of Freesat+, the satellite equivalent to Freeview+. Humax will be first to market with a high-definition capable recorder for the free satellite television platform in the United Kingdom. Digital video recorders apparently allow viewers to skip adverts, although television advertising advocates suggest that they rarely do so, despite what you might think.
NDS profits halved in changing media landscape
Pay-television technology company NDS reported profits down by 56% in the last quarter on revenues down 11% at $182 million. Of this $98 million was for conditional access systems, down 19% from $121 million in the same period a year ago. Although NDS shipped more smart cards in the quarter than a year ago, the results apparently reflected volume discounts on the renewal of contracts with large customers and differences in when revenues were recognised.
Satellite faces perfect storm as Sky falls in value
Satellite broadcaster Sky faces the combined challenges of recession, regulation and new technology. British Sky Broadcasting shares are currently trading at a ten-year low. One analyst report suggests that it will fail to meet its long term target of ten million subscribers in 2010. It says that BSkyB faces greater threats to its business model than ever before.