Netflix has posted erratic results in its latest financial results statement for Q2 2019. The streaming giant had expected to grow its user base by 5 million last quarter but could only manage 2.7m new subscribers. Despite this, Netflix still increased average paid memberships by 24% YOY while ARPU increased 3% year over
year on a reported basis. Operating margin of 14.3% (up 250 bps year over year) was also higher than its beginning-of-quarter forecast.
C4's VOD service, All4, served 915m views over the year; digital revenues climbed 11% to £138m.
TiVo today reported financial results for the first quarter ended March 31, 2019. Earlier, the Company also announced a plan to split its Product and IP Licensing businesses into two separate independent companies.
“We had a solid quarter with a strong focus on company execution,” said Raghu Rau, Interim President and Chief Executive Officer. “Management has, and will remain, focused on driving growth with profitability by executing the previously announced five
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ITV, the UK’s biggest commercial broadcaster, has today released its financial and performance results for 2018 and reports that long-form online video views on ITV Hub, Hub+ and other ad-supported platforms have increased 32% from 337 million hours in 2017 to 446 million hours last year. ITV Hub, the company’s AVOD service, now has 27.6m registered users – up from 21.3m in 2017. Its SVOD service, Hub+, now has 265,000 paying users (a tripling in
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On January the 7th, the BBC announced plans to reinvent its iPlayer service with the aim of “…making it a destination in its own right, with box sets, live programming and archive titles that champion quality UK content and offer great programmes for longer.”
A related consultation document recognises that in the future, “BBC iPlayer will be the main way that audiences watch BBC television programmes and not just a catch-up
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Eschewing the tradition of trying to predict what’s going to happen over the next year, here instead are some OTT industry developments that I think we’ll be talking about in 2019.
Synamedia, the largest independent video software provider, today announced that Sky, Europe’s leading media and entertainment company, has taken a stake in the business, joining majority shareholder the Permira funds.
Sky’s shareholding reinforces Synamedia’s position as a strategic long-term technology partner to a growing roster of market-leading pay-TV operators and media companies worldwide.
Both Sky and its parent company Comcast are long-time Synamedia customers as well as strategic development partners.
Andrew Griffith, Sky’s
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Barclays Corporate Banking has announced a doubling of its SVOD (subscription video on demand) fund to support UK TV producers.
The £100m fund was launched in March 2017 in response to the rapidly evolving TV production landscape, with the rise of subscription services such as Netflix and Amazon Prime Video changing the way that original programming is financed.
Conventional TV production loans are usually repaid as the content is delivered with the broadcaster paying the
