Virgin Media Profits Up Thanks To Digital TV Drive
Virgin Media have announed a great 4th quarter in 2010 where they hit over one billion (pounds) in sales, partly thanks to their push into tv-on-demand content, powered by their rebranded TiVo box.
Virgin Media pushing on-demand tv
Virgin have gained subscribers to it’s cable service which now number four million plus. The number subscribed to higher data tariffs of 20Mb plus grew by 40% as well, now numbering 780,000. The rise according to Virgin was down to the new TiVo box and on-demand service.
The company are looking to push the service this year and get a lead in the internet-connected TV market and get one over on rival Youview who have delayed their launch until 2012.
Chief Exec. of Virgin Media, Neil Berkett said:- “The way in which customers are watching their entertainment is changing and we’re at the leading edge of that,” said Mr Berkett. “We’ll take advantage of any delay in competitors’ products.”
Looks like, in the UK at least, Sky have a serious rival. And Virgin are arguably beating them for streaming on demand.
Virgin Media reports record £3.8bn revenue – Media Week Online
The quad-play (TV, internet, mobile and fixed line telecoms) company also said its fourth quarter revenue has exceeded £1bn for the first time, representing a 6.6% hike year-on-year. Average revenue per user climbed 4.9% to a record £47.51. However, the …Virgin Media boasts 5.8% rise in revenue – Techradar.com
Virgin Media has shone a light on its fourth quarter earnings, announcing that 2010 was its “best ever” year. The cable company saw strong growth last year, with revenues up 5.8 per cent. Subscriptions for Virgin Media’s fixed-line service were 17,100, but …Virgin Media eyes lead in internet TV race – Financial Times
Virgin Media , which launched its next-generation television service … speeds to cope with the plethora of digital devices in the home and bandwidth-heavy online video. The number of cable customers rose 1.6 per cent to 4.8m. Of those, about 3m …
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