PwC: internet video set to overtake DVD revenues

Internet video revenues will overtake physical home video for the first time this year, according to a major new international study by PricewaterhouseCoopers. PwC’s Global Entertainment and Media Outlook 2017-2021 claimed that global internet ad revenues exceeded TV ad revenues for the first time last year – with “major digital tipping-points” occurring or due to […]

PwC: the future of video is mobile first

The future of video is mobile-first, with 70% of 18-24year-olds now claiming that their phone is the primary place that they view video content, according to new US research. PwC’s ‘Videoquake 4.0: Binge, stream, repeat – how video is changing forever’ report claims that the mobile viewer is “changing content creation and curation” with 91% […]

Cost concerns driving US cord cutting

Traditional media “is being tested like never before” according to new research that shows 16% of US consumers surveyed have ditched pay TV this year, and 23% have scaled down their subscription. About a fifth of consumers surveyed in the latest PWC Videoquake 3.0 report added they plan to cut the cord this year in […]

BBC to cut 1,000 jobs

The BBC will cut more than 1,000 jobs as the UK pubcaster aims to reduce costs. BBC director general Tony Hall announced the cuts today saying they were down to an unexpected increase in the number of families refusing to pay the licence fee that funds the organisation. The cuts are expected to save £50 […]

IMG Media bids €3 billion for Serie A rights

Sports and fashion media business IMG Media has reportedly offered €3 billion (US$4 billion) to the Italian football league to secure the rights to advise and manage TV rights for the Serie A. According to Italian press reports, IMG Media put in the offer for the three seasons from 2015 to 2018 and said it […]

Turner slashing Asia Pac workforce by 30%

Having radically restructured its EMEA business, Turner International is reorganising its Asia Pacific division along similar lines and cutting headcount by almost a third. Steve Marcopoto (pictured), president and MD Turner International Asia Pacific, told staff about the changes today. Turner said the job losses, which follow a review undertaken with management consultancy firm PWC, […]

Cord cutting won’t hit pay TV for five years

Cord-cutting will have a minimum impact on pay TV for the next five years at least, according to PwC. Following its sponsorship of a debate between Columbia Business School and the Virginia Commonwealth University Brandcenter on the question of whether advertisers and the media industry should worry about cord-cutting, PwC came down on the side […]