Julian said “At the end of the day, you are talking about removing two fixtures between two of the best four teams in the competition."
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Trade books in the pandemic: Fair retail ending
28 May 2021The consumer books market has flourished during the pandemic: following early worries, publishers are reporting strong growth and profits
However, bookshops, the most important point of contact between the industry and readers, are facing their toughest challenge yet as ecommerce booms and continued home-working saps high street footfall
Publishers and authors are embracing new, online ways of promoting titles. These will require new ways of working, and are not substitutes for dedicated shops, which must be protected as much as possible
Tom Harrington was quoted in The Guardian on "Sony Movie Channel has been renamed Great! But how? And why?!"
27 May 2021Tom said “It’s one of those things that if you don’t watch them you assume no one else does, but actually the audience for the Sony Movie Channel is quite big."
He added “I’d say about 70% of their audience is over 55. That’s pretty old. But the audience has been stable over the past few years. And one thing about an older audience is that they’re less likely to be recording, watching it later and fast-forwarding the ads.”
James Barford was quoted in The Wall Street Journal on "The U.S. Is Back in the 5G Game"
27 May 2021James said “The big change over the past couple of years is pressure on Huawei. Even in countries where there is no formal ban, you’re going to be thinking twice."
Tom Harrington was quoted in The Times on "Streaming kings spend big in fight for eyeballs"
24 May 2021Tom said “Being the fifth, sixth or seventh-biggest content creator is not enough. People will take only a few services — there has to be consolidation.”
Francois said “The Warner-Discovery and TF1-M6 merger plans have dramatically pushed consolidation up European commercial television’s agenda. Wave after wave of consolidation in the entertainment industry has progressively dwarfed European operators. In 2010, the revenues of the region’s largest broadcaster, the RTL Group, already amounted to just 20 percent of Disney’s, and by 2020 this ratio had halved. The last decade has seen the emergence of global vertically integrated content producers and distributors, such as Netflix and Amazon, and the spread of this model to Hollywood-based studios, while the likes of Facebook and Google have grown to become direct competitors to TV channels that used to be seen as ‘licenses to print money."
Claire said “Decriminalizing the license fee could cost the BBC 10 percent of its budget, which would force deep cuts in programming and staff. But under the current timetable for reviewing public-service broadcasting in Britain, the fee is safe until 2027"
She added "They’re going to make sure this never happens again. They’re going to make sure the Diana interview is wiped from the annals of history, that they can’t make money from it again.”
Vodafone: Throwing money at the problem
21 May 2021Vodafone’s additional investment to boost a growth story that isn’t yet delivering failed to impress investors who value cashflow much more than promises for tomorrow, particularly given Vodafone’s track record with restructuring plans and product development.
It’s a surprising time to be splashing the cash with leverage still finely balanced and riding on Vodafone delivering a 10ppt turnaround in EBITDA growth next year vs last. Commercial activity looks set to continue to be dominated by EBITDA promises.
Selling a stake in Vantage Towers (temporarily) solved a leverage problem, but is creating a control problem, with the uncertain level of its future capex adding to investor concerns.
The Warner-Discovery and TF1-M6 merger plans have dramatically pushed consolidation up European commercial television’s agenda.
The first path—heralded by Bertelsmann’s RTL Group—would aim at creating
national broadcasters with the content scale to operate compelling online platforms.
An alternative path revives the never achieved idea of pan-European synergies,
leveraging increased international appetite for non-English language content—but
its champion, Italy’s Mediaset, lacks capacity to deliver.