Comcast grows revenue and profit thanks to broadband boost July 25, 2019 Comcast has posted a rise in revenue and profit for the second quarter as an increase in broadband customers helped offset a decline in its TV business. The US media group posted revenue of $26.9bn (£21.5bn) in the three months to the end of June, up 24 per cent on the same period last year. [...]
Sky puts Netflix in its sights as it doubles investment after Chernobyl success June 12, 2019 Sky has unveiled plans to double its investment in original programming as it looks to build on the success of hit show Chernobyl and take on streaming services such as Netflix. The company said it has secured backing from new owner Comcast to launch Sky Studios, a new Europe-wide development and production division. Read more: [...]
Firms to make it easier for mobile and broadband customers to switch June 3, 2019 Broadband, phone and pay TV companies have signed up to a string of new measures that will ensure customers are treated fairly, as regulator Ofcom continues its crackdown on poor customer service. BT, Vodafone, O2 and Sky are among the companies that have committed to helping customers get a good deal and switch providers easily [...]
Netflix raises prices by 20 per cent as it blames $15bn production budget May 30, 2019 Netflix is raising the prices of some of its subscriptions by as much as 20 per cent as it prepares to ramp up investment in new TV shows and films. The streaming service is increasing the cost of its standard plan, which allows users to watch on two screens, by £1 to £8.99, while the [...]
Netflix and Amazon cash in on British streaming market with double the revenue of UK services May 29, 2019 Netflix and Amazon’s revenues from UK streaming customers last year was £1.1bn, twice the amount the Britain’s biggest broadcasters made from their own streaming platforms. Netflix made around £693m in revenues from its UK subscriber base of 10m people last year, while Amazon generated £400m from 7.7m subscribers to its Prime Video platform. The figures, [...]
Galliford Try shares rise as it rebuffs £950m Bovis offer for housebuilding arm May 28, 2019 Home builder Bovis today revealed that talks for a £950m merger deal with Galliford Try’s housing business have collapsed. Read more: Galliford Try rejects takeover bid from rival Bovis Homes Bovs homes said this morning the two firms are "no longer in discussions" after its revised proposal to snap up Galliford Try’s Linden Homes and Partnerships [...]
Cobra Beer founder Lord Bilimoria set to be appointed next CBI president May 26, 2019 Cobra Beer founder and second referendum backer Lord Bilimoria is the leading candidate to become the next president of the Confederation of British Industry (CBI). The entrepreneur has been lined up to replace Tesco chairman John Allan at the helm of the influential business lobbying group, Sky News reported. Read more: Cobra's Lord Karan Bilimoria [...]
The Sky’s the limit May 23, 2019 I’ve always been fascinated by the media. That’s just as well I suppose, as I run a reputation management firm. But I am constantly intrigued by its influence, its reach, the way it works – and always, always the stories going on behind the scenes. So it was a genuine pleasure to welcome Jeremy Darroch, [...]
Netflix signs Pinewood Studios deal as it ramps up investment in British shows May 19, 2019 Netflix has reportedly signed a deal to lease a third of the space at Pinewood Studios as it looks to ramp up its investment in British TV shows. The US streaming giant is set to take roughly 150,000 square feet of space at the famous film studios in Buckinghamshire, the Sunday Telegraph reported, citing sources. [...]
Huawei snaps up top Sky News journalist as senior spin doctor May 15, 2019 Embattled Chinese tech firm Huawei has hired a veteran Sky News journalist as its new senior spin doctor as it ramps up efforts to quash accusations of spying. Senior Sky News editor Paul Harrison, who previously served as the network’s royal and business correspondent, has said he will join Huawei in a senior communications role [...]