Kudelski launches OpenTV takeover bid
Friday, February 27th, 2009As part of its 2008 financial results, Kudelski announced its intention to acquire the remaining share of 35% of OpenTV. OpenTV said it will consider the bid.
As part of its 2008 financial results, Kudelski announced its intention to acquire the remaining share of 35% of OpenTV. OpenTV said it will consider the bid.
In 2008, Channel managed to maintain the audience of Channel4’s portfolio of channels to 11,9%, but it was severely affected by the shrinking TV advertising market, especially at the end of 2008. It also expects further declines in 2009.
Channel 4 announced a massive restructuring and internal cost-savings project which was implemented in the fourth quarter of 2008 and included cuts in the workforce of around 25 percent of total staff. Along with additional cuts in non-programming areas such as marketing, cost savings of over £50mln were achieved in the year. A further £75mln of cost savings have been targeted for 2009.
Görler Telekom, a Kathrein company, has taken over the German STB maker Technotrend.
Technotrend products are aimed at all the products related to TV & PCs. Most of its products are sold in Germany via retail and specialist consumer electronics stores.
Kathrein had 2008 revenues of €1,3bn. It is a worldwide leading antenna manufacturer (mobile, broadcast). It is also active in STB receivers (mainly for the free to air market), and in cable tv infrastructure.
Though blu-ray is growing, the DVD market, which fell 6.3% last year, might no longer attract as much audiences as on-demand content. According to Adams media research, online movies and TV shows as well as cable and satellite companies’ video-on-demand services grew 19% last year.
Consequently, studios are taking defensive steps by targeting this new market. Further more, selling or renting movies electronically is a good business. Studios collect about 70% of the $4.99 that cable companies charge viewers to rent a movie vs. 30% for selling a DVD.