Beijing – Renren Inc., one of the leading real-name social networking internet platforms in China, has announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2012. In the fourth quarter of 2012, total net revenues were US$48.8 million, a 48.8% increase from the corresponding period in 2011; online game revenues were US$25.9 million, a 116.5% increase from the corresponding period in 2011; gross profit was US$31.0 million, a 34.2% increase from … [Read more...] about China’s Renren announces financial results
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CNBC Asia Pacific appoints Pauline Seow to regional ad sales team
Singapore – CNBC has appointed Pauline Seow to its Asia Pacific team as Regional Sales Director of Advertising Sales for Hong Kong, Taiwan and the Philippines. Seow will report to Junji Sumitani, Vice President, Advertising Sales, CNBC Asia Pacific, and will be based in Hong Kong. She will assume her new role immediately. Seow will lead the development of integrated solutions across CNBC platforms spanning digital, TV, mobile and events. In addition, she will … [Read more...] about CNBC Asia Pacific appoints Pauline Seow to regional ad sales team
Liberty Global to acquire Virgin Media
Englewood, Colorado – Liberty Global, Inc. and Virgin Media Inc. have entered into an agreement, subject to shareholder approvals, to which Liberty Global will acquire Virgin Media in a stock and cash merger valued at approximately USD$23.3 billion. The deal between the two companies was made with several objectives, including being one of the world’s leading broadband communications company covering millions of homes across 14 countries. The combined company will focus on the … [Read more...] about Liberty Global to acquire Virgin Media
Asia-Pacific Broadcasting Union joins ITU-T and FOBTV
The Asia-Pacific Broadcasting Union (ABU) has been inducted by the ITU-T as a sector member. ITU-T is one of the three sectors of the International Telecommunication Union and focuses on development of telecommunication standards (telephony, mobile, IPTV, etc). ITU-T is also active in other areas such as ICTs, broadband connectivity and audio visual media accessibility. ABU is already an active member of the Radiocommunication and Development sectors of the ITU. The Union is also now a member of … [Read more...] about Asia-Pacific Broadcasting Union joins ITU-T and FOBTV
Aussie telco wins copyright case
Optus has won its bid to air live sports content via its TV Now mobile TV service. This week, the New South Wales Federal Court found Optus did not breach the Copyright Act by showing last year's NRL and AFL matches live online with TV Now. The mobile service lets Optus customers record free-to-air television from their smartphone or computer and watch it on the same devices with a delay as little as two minutes. Justice Steven Rares cited "time-shifting provisions" in the Copyright Act that let … [Read more...] about Aussie telco wins copyright case
Spanish armada arrives in Vietnam
Singapore – MP & Silva has entered a deal with the Sociedad General de Produccion y Explotacion de Contenidos S.I. to distribute the rights of the first division of Spanish football La Liga in Vietnam, until 2015. This latest agreement will see the company become the exclusive distributor of three seasons of La Liga in Vietnam across all platforms, including cable, satellite, terrestrial, Web TV, IPTV and mobile. MP & Silva is already distributing the rights of the league to Indonesia. La … [Read more...] about Spanish armada arrives in Vietnam
