Sydney - Ten Network Holdings announced today it posted a record $A1 billion ($US902 million) in revenues for the fiscal year ending Aug. 31 and confirmed a recasting of its board after Canada's CanWest Global Communications Corp. converted its 55% economic interest in the company to a majority stake. Ten reported consolidated annual revenue grew by 12.5% but earnings before interest, taxation, depreciation and amortisation (EBITDA) at the television division rose just 3.5%. Revenues at … [Read more...] about Australia’s Network Ten breaks the $A1 billion barrier
asian entertainment news
SmarTone-Vodafone rolls out mobile TV service FoneTV in Hong Kong
Hong Kong - Hong Kong mobile operator SmarTone-Vodafone has launched mobile TV service FoneTV to bring programs to mobile customers in high definition using HD Wide technology on QVGA streaming via SmarTone-Vodafone’s high speed HSPA network. FoneTV offers 12 channels ranging from news, finance, music, movies, animation and live traffic cams. The content is refreshed frequently with short, “snack size” programs being offered. The exclusive i-Console enables customers to switch … [Read more...] about SmarTone-Vodafone rolls out mobile TV service FoneTV in Hong Kong
Mariner Financial set to grab Beyond International
Sydney - Mariner Financial looks set to take over Beyond International Limited after BIL's board accepted an offer of $A74.6 million ($US67.3 million), beating an earlier bid of $A72.8 million ($65.7 million) by Malaysian-based private equity firm Navis Media. Cementing its prospects of winning control of the TV producer/distributor, Mariner bought more than 5 million shares in Beyond, raising its stake to just under 20%. Beyond Chairman Ian Ingram is associated with Mariner, an investment firm … [Read more...] about Mariner Financial set to grab Beyond International
STAR beefs up programming and production team
Hong Kong- STAR has appointed Todd Lituchy as President, Entertainment. Based in Hong Kong, he will oversee STAR’s program planning, production, network creative services, research and scheduling functions. Lituchy joins the company at the end of 2007 and will report to Laureen Ong, COO, STAR. Adding to STAR’s team in Hong Kong are David Searl, Senior Vice President, Production, and Donovan Castillo-Mohlman, Vice President, Program Strategy and Acquisitions. Reporting to Lituchy, … [Read more...] about STAR beefs up programming and production team
Galleon Holdings acquires Phoenix Investment Global for foothold in China
London – Galleon Holdings plc, the AIM-listed intellectual property owner and developer in the entertainment sector, has acquired Hong Kong-based media solutions company, Phoenix Investment Global Ltd for an initial £1.5 million ($US3.1 million). A deferred £500,000 ($US1 million) will be payable subject to, inter alia, two of Phoenix’s broadcast customers in South East Asia entering into exclusive arrangements on certain mobile phone services. Also, an additional £3.5 million … [Read more...] about Galleon Holdings acquires Phoenix Investment Global for foothold in China
Singapore mobile TV trial TV2GO brings Bloomberg TV on board
Singapore-based DVB-H mobile TV trial TV2GO, run by PGK Media, has added Bloomberg Television to its current trial offerings. Starting from November 2007, the channel will be broadcast live on the latest mobile TV phones including Nokia’s N92 and N77, as well as Samsung’s P930 and F510. Bloomberg TV adds to TV2GO live channels in the genres of News, Sport and Entertainment including CNBC Asia Pacific, ESPN STAR Sports and WOW!TV by Kamera. TV2GO also supports various real-time … [Read more...] about Singapore mobile TV trial TV2GO brings Bloomberg TV on board