The African entertainment company MultiChoice Group Limited (MCG) recently announced its annual report for the year ending on March 31, 2024, reporting a substantial increase in its revenue from the company’s streaming video-on-demand service, Showmax. As per MCG, Showmax has delivered a revenue of US $53 million, marking a 22% increase over the previous year. […]
Showmax Reports First Revenue Figures, Noting 22% Growth Read More »
During its recent earnings call for the quarter ending March 31, software giant Oracle announced it is closing its advertising business. The decision comes amidst the company’s revenue decline to $300 million for the 2024 fiscal year. Safra Catz, CEO of Oracle, told analysts “In Q4, we decided to exit the advertising business, which had
Oracle Announces Closure of Ad Business Read More »
A division of Warner Bros Discovery (WBD), TNT Sports, has signed a 10-year agreement with the French Tennis Federation to acquire the US broadcast rights for Roland-Garros starting in 2025. This deal will establish WBD as the largest global broadcast partner for the tournament and is built on Eurosport’s 35-year partnership with Roland-Garros. Luis Silberwasser,
Warner Bros Discovery Acquires Rights for US French Open Coverage Read More »
MultiChoice, based in South Africa, compared to the previous year’s figures, anticipates a substantial decrease in profits for the current financial year. The company expects organic trading profit, excluding streamer Showmax, to decrease by up to 40%, while its organic trading profit to decline by 22-26%. In its annual report (ending on March 31), MultiChoice
MultiChoice Faces Sharp Decline in Profits Amid Economic Slowdown Read More »
Disney+ Hotstar has become the first streaming platform to offer live sports in Dolby Vision in India and the first to stream cricket in Dolby Vision worldwide. According to the company, the ongoing ICC Men’s T20 World Cup 2024, including all India matches, the Super 8s, semi-finals, and finals, will be streamed live in Dolby Vision
India’s Disney+ Hotstar First to Stream Live Sports in Dolby Vision Read More »
According to the sources, Shari Redstone, the non-executive chairman of Paramount Global and President of National Amusements, has terminated discussions regarding the latest offer for Paramount Global from the consortium led by Skydance and RedBird Capital. This decision places Paramount Global’s future into a new period of uncertainty. A spokesperson for National Amusements, the Redstone-run
Is the Skydance, Paramount Global Deal Cancelled? Read More »
With new advertising options, Google TV enables advertisers to incorporate connected TV (CTV) inventory into their media buys. This addition is part of Google TV’s free live TV experience, launched last year. A Google spokesperson confirmed the launch of the Google TV network in a recent blog announcement. Through a simple opt-in, brands can include
Google TV Launches New FAST Advertising Options Read More »
Pay TV giant Canal+ has entered into an agreement with Barcelona-based technology company Titan OS, a technology, entertainment, and advertising company to utilize its smart TV OS for distributing a variety of its brands and the Canal+ application to Philips smart TVs across Europe. Notably, the rollout will encompass ten countries, including Switzerland, Austria, Czech
Titan OS Announces Partnership with Canal+ Read More »
UKTV, a BBC Studios-owned commercial broadcaster, has announced that its new masterbrand, U, will launch on July 16. The masterbrand will consolidate UKTV’s free-to-air channels, resulting in the formation of U&Yesterday, U&Dave, U&Drama, and U&W. Currently known as UKTV Play, the operator has confirmed that its free streaming service will undergo a transition to become
UKTV Announces July 16 Launch for ‘U’ Masterbrand Read More »
Amazon announced on June 6 that it signed an agreement to acquire certain assets from MX Player, a streaming platform owned by Times Internet. This indicates a trend towards consolidating India’s highly competitive video streaming market. Furthermore, Amazon’s existing video services, including Prime Video and MiniTV will be further complemented with the addition of MX
Amazon Secures Deal for Video Streaming Platform MX Player Read More »
