Digital Music Reach Record High with $4.51 Billion in Sales
Submitted by Jitendra Tiwari on Thu, 03/19/2015 - 11:53
Report from RIAA or the Recording Industry Association of America on Wednesday revealed that in 2014 the sales of digital music formats reached $4.51 billion. In the total share of music business, downloads and audio- streaming services currently account for sixty four percent. That is surely a record high.
Gannett Decides to Split Its Print and Broadcast Businesses
Submitted by Apoorva Prasad on Wed, 08/06/2014 - 12:06
On Tuesday the break in print and television companies related to the media industry remained persistent as Gannett Company announced its plans of spinning off its division of newspaper into a separate company in the coming year that includes USA Today.
AT&T has approached satellite TV firm DirecTV about possible acquisition
Submitted by Dinesh Chandra Gaur on Thu, 05/01/2014 - 13:11
According to a Wall Street Journal (WSJ) report, bigwig US carrier is apparently mulling the takeover of DirecTV; and has already approached the satellite TV firm about a possible acquisition.
The WSJ report, citing information shared by unidentified sources, said that AT&T's possible acquisition deal with DirecTV will likely be worth approximately $40 billion, which is the present market capitalization of DirecTV.
FT: Comcast, TWC in early stage talks to sell 3 million subscribers to Charter
Submitted by Kohia Dennison on Mon, 04/21/2014 - 09:29
The Financial Times has revealed in a Sunday report that bigwig cable TV operators Comcast and Time Warner Cable (TWC) are negotiating the prospective sale of 3 million of their subscribers to smaller rival Charter Communications.
According to the report, the talks which Comcast and TWC are currently holding with Charter are in early stages; with the potential deal being valued at approximately $20 billion.
Netflix CFO: Comcast deal not incremental enough to change Netflix’s earnings forecasts
Submitted by Sudarshan Tandon on Wed, 03/05/2014 - 12:01
In an assertion which implies that video-streaming company Netflix's financial forecasts have not been affected by its recently-signed deal with Comcast, Netflix CFO David Wells reiterated his company's earnings projections on Tuesday, at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco.
On Australian Trading Debut Nine Entertainment’s Shares Fall
Submitted by Kunal Garg on Fri, 12/06/2013 - 12:47
Share prices of Nine Entertainment Co. dropped as much as 3.4 percent on their stock market debut, roughly 14 months after U. S. funds Apollo Global Management LLC (APO) and Oaktree Capital Group LLC (OAK) took control of the broadcaster in a debt-for-equity swap. Australia's second-biggest free-to-air broadcaster's share dropped to A$2 at 2:24 p. m. in Sydney compared to an offer price of A$2.05 a share.
