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Enders Analysis provides a subscription research service covering the media, entertainment, mobile and fixed telecommunications industries in Europe, with a special focus on new technologies and media.

Our research is independent and evidence-based, covering all sides of the market: consumers, leading companies, industry trends, forecasts and public policy & regulation. A complete list of our research can be found here.

 

Rigorous Fearless Independent

“Don’t expect Apple to sell millions of these – the manufacturing capacity isn’t there, for a start,” says Joseph Teasdale, of Enders Analysis.

“Success will be the early adopters finding new and useful ways to fit the device into their daily lives, and developers building a software ecosystem for it. Failure will be a few hundred thousand Vision Pros languishing in drawers, or being dragged out at parties as a novelty.”

He added “This is going to take a lot of time and money to get right, but the end vision is pretty compelling. Apple’s latest product gives us just a hint of something that could one day replace the other screens in our lives.”

Media analyst Claire Enders said that the parachuting in of the new COO was a “clear sign” of further cost-cutting to come at the broadcaster. “CNN has global scale in news, just as the BBC does but with thankfully a commercial model attached, albeit not the one it once had. Warner Brothers Discovery, however, is making savage cost cuts everywhere due to rising debt costs. Unfortunately, the costs of covering news is rising especially as conflicts multiply.”

Indeed, with the exception of the pandemic when advertisers stopped spending, ITV has seen its revenue increase every year over the past 10 years. “The UK broadcasting ecosystem is unlike any other in the world,” explains Tom Harrington, TV analyst at Enders Analysis. “Most countries have a number of big commercial broadcasters. In the UK there’s just ITV and it is still huge. The number of people watching TV is declining but still there’s nowhere else for advertisers to go to reach millions of people. I’m not saying it’s immune to scandal but there are very few people whose departure would hurt ITV overall – probably only Kevin Lygo, the programming boss.”

Mobile service revenue growth slowed again this quarter—now at +3%—as the impact of the 2022 price rises waned further, but a strong B2B performance for some compensated for consumer weakness.

Q2’s boost from bumper price rises will unwind over the following quarters as customers re-contract and face much lower increases next spring due to the inflation outlook.

Given the temporary nature of in-contract price rises, and the more permanent nature of elevated cost bases, new-customer pricing now appears to be edging upwards, and the case for consolidation is strengthened.

Enders is clear: there is nothing the CBI can do to convince her research firm to reinstate the membership that she cancelled in the wake of the allegations.

“I don’t want to wait for any changes. I just fundamentally believe that there is nothing to be gained.”

Furthermore, she said she felt “completely let down” by the lobbying efforts of the CBI, which Enders Analysis joined before the EU referendum in the hope of amplifying the voice of business and influencing trade issues. “They simply did not have influence on government policy. Do they now?”

The government has suspended all official contact with the CBI pending the outcome of the confidence vote.

Alice Enders, a music industry analyst at the London-based Enders Analysis, said that under the watch of Masuch, BMG had “constantly grown” as the former economics student had prioritised sound financial management and taken advantage of the benefits of being owned by the cash-rich Bertelsmann.

“A lot of it is not organic growth — it’s through investment,” she said. But she added that Bertelsmann had “put a lot of money” behind Masuch because of BMG’s “very attractive” earnings before interest, taxes, depreciation and amortisation margin of more than 22 per cent last year."