BSkyB has reported pre-tax profits of £1 billion in the year to the end of June, as the company announced a £750 million share buy-back to appease investors following News Corporation’s failed attempt to take full control of the satellite broadcaster.
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Channel 5 enjoyed the best results once again in June, with revenues up 26% on last year.
Channel 5 has had another bumper month under owner Richard Desmond, with revenue up 14.9% compared to this time last year.
ITV1’s Britain’s Got Talent final results show banked the top programme spot in June with 12.6 million viewers.
ITV has released its interim results for the first half of the year (ending 30 June 2011), claiming “solid progress” in the first year of its five-year transformation plan under chief executive Adam Crozier.
A new In-Stat research survey estimates that over 60% of connected TV households use a TV app at least once per week.
Users are not fully engaging with their new connected TVs and OTT* video services, according to research from Analysys Mason.
Online video continues to soar, especially among younger viewers, with 68% of 18-34 year olds claiming their PC/laptop is the entertainment device they “can’t live without”.
The television on-demand market is set for huge growth, with revenues reaching $5.7 billion in 2016 – up 58% from 2010 – according to a new report by Digital TV Research.
Spending on Public Service Broadcasting (PSB) network programming across the main five PSB channels and the BBC digital channels increased by 2% in real terms in 2010 to £2.9 billion, although it was down by 12% since 2006, according to Ofcom’s PSB Annual Report.