IP settop vendor Amino returned to operating prof

first_imgIP set-top vendor Amino returned to operating profitability last year, posting gross profits of £14.5 million (€17 million), up 16% for the full year ending November 30.Chairman Keith Todd said the company was taking advantage of the increasing popularity of IP-based TV services from both traditional pay TV operators and pure OTT providers. The company has seen particularly strong growth in North America and also in western Europe, where it secured deals with Telecom Italia for the Cubovision service and, more recently, with Vodafone Netherlands for IPTV set-tops.Full year revenue was up 18% to £51.8 million, while EBITDA rose by €3.8 million to €4.4 million.“Amino has delivered a good performance in what has undoubtedly been a challenging year for the global technology industry,” said Todd. “This year Amino has returned to operating profitability, delivered improvements in margin, generated encouraging revenue growth and significantly strengthened its cash position. All of this has been enabled by a rigorous focus on operational management and by the market’s growing acceptance of our stronger, simplified product range.”last_img read more

Disney will launch a branded ondemand service on

first_imgDisney will launch a branded on-demand service on the Lovefilm streaming service in the UK.Disney inked a deal with BSkyB earlier this year that gave it the latest movie titles, exclusively, in the first pay TV window for a the new Sky Movies Disney service and for the pay TV operator’s mobile and on-demand services.Disney Movies on Demand on Lovefilm will offer its subs the chance to access a raft of the studio’s classic and newer features and titles include Wall-E, Ratatouille, Chronicles of Narnia: Prince Caspian, Dumbo and Bedknobs and Broomsticks.Lovefilm already has a programming deal with Disney, but these titles will be added in a branded section on its service as well as being available as part of the wider Lovefilm library. It launches today.Simon Morris, chief marketing officer at Lovefilm said: We are thrilled to enhance our relationship with the launch of Disney Movies on Demand, and even more excited about bringing our members so much new content in the process.”last_img read more

Jørgen Madsen Lindemann MTG president and CEO Mo

first_imgJørgen Madsen Lindemann, MTG president and CEO.Modern Times Group (MTG) has decided to write down the value of its Ukrainian pay TV service, Viasat Ukraine, because of continuing economic uncertainty in the country. MTG is writing down 100% of the value of the goodwill value of its 85% stake in the platform via Viastrong Holding. The company said it will include net non-recurring charges of SEK154 million (€17 million) related to the stake in its second-quarter results. The charges comprise a SEK160 million non-cash net impairment related to Viasat Ukraine and SEK70 million of organizational and restructuring costs, offset by a SEK76 million net gain from the recently completed sale of an 80% stake in Swedish open-access fibre-to-the-home network operator Zitius to TeliaSonera.According to the company, the decision was taken due to the uncertain economic outlook in Ukraine and the devaluation of the Hryvnia. Viasat Ukraine accounted for less than 1% of MTG’s net sales in 2013.MTG said its organizational restructuring, costing SEK70 million, would deliver annual cost savings of approximately SEK40 million, which would be reinvested in business intelligence and data analysis.“The impairment of the Ukrainian assets reflects the current situation, but make no mistake that we remain committed to the operations and see substantial long term potential for the business, not least given the scale of the country and the upcoming TV digitalisation process,” said Jørgen Madsen Lindemann, MTG president and CEO.“The sale of Zitius in Sweden has generated a healthy return on investment for us, and the broader changes we have made are all about optimising our set-up so that we can continue to invest in the Group’s growth and development.”last_img read more

In 2020 some 107 million homes worldwide will hav

first_imgIn 2020, some 107 million homes worldwide will have at least one next-generation, high dynamic range (HDR) capable TV, according to new research.The Strategy Analytics report claims that annual worldwide sales of HDR-enabled TVs in 2020 will reach 58 million units with penetration of HDR TVs in the US set to reach nearly 25% of homes.
”TV manufacturers like Samsung and LG are keen to maximise the revenue potential of this new technology. HDR can make a noticeable difference for most viewers so there is an opportunity to accelerate the TV upgrade cycle,” said David Watkins, director, connected home devices at Strategy Analytics.Despite this, the research firm says that many viewers are “confused about Ultra HD and 4K TV”, with 15% of surveyed European consumers claiming that Ultra HD TV services are available from their TV service – even though few Ultra HD services are currently available.David Mercer, vice-president and and principal analyst at Strategy Analytics said: “The TV industry has put a great deal of effort into establishing the next generation of TV technologies. The challenge now is to communicate the benefits of these enhancements to viewers and to reduce the uncertainty which could stall growth of new services.”last_img read more