The HbbTV Association and the French HD Forum will

first_imgThe HbbTV Association and the French HD Forum will run a symposium for the HbbTV community in Paris next week. The event, HbbTV in Action, will feature experts from across the world discussing the latest HbbTV accomplishments on a broad range of topics, according to the group.The symposium will take place at the Espace Landowski, in Boulogne-Billancourt, Paris from October 8-9. Panel sessions will include a hybrid TV countries review and sessions on smart TVs, opoerator boxes, the HbbTV roadmap, HbbTV in the pay TV world and ways of increasing consumer awareness.“HbbTV has grown from a European initiative to a worldwide standard. We are pleased with the quality and calibre of the organizations coming from all over Europe as well as from Africa and Australia. It is a reflection of the growing international momentum and interest in HbbTV,” said Klaus Illgner, HbbTV chairman, and Regis Saint Girons, president of the French HD Forum.“One of the key objectives of the HbbTV Association is to bring the latest in hybrid TV services to broadcasters and operators across the world. This is an exciting opportunity for those following and deploying HbbTV to learn more about HbbTV services, case studies and our technology roadmap.”last_img read more

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Philippe Dauman The continuing restructuring of Vi

first_imgPhilippe DaumanThe continuing restructuring of Viacom will cost the US-based media giant US$785 million.The company plans to write down that amount as a pre-tax charge for the first fiscal quarter of 2015. This will reflect costs relating to “underperforming programming, including the abandonment of select acquired titles, as well as costs associated with workforce reductions”.Staff and programming cuts have been vast since Viacom CEO Philippe Dauman first announced the restructure early this year. Channels including MTV, Nickelodeon and TV Land have been affected by the changes, which are expected to create annual savings of US$350 million, and all its networks have been split into two key groupsunder Doug Herzog and Cyma Zarghami.A projected US$175 million will be saved in fiscal year 2015, the company added in a press release.“This strategic realignment, which is largely completed, will allow us to sharpen our focus on driving long-term growth in a rapidly changing industry,” said Dauman. “We will transition rapidly into the future, generate substantial cost savings and continue to increase our investment in original programming to bring our audiences great content in new and groundbreaking ways.”Restructuring and further strategic acquisitions are likely to cost Viacom US$400 million this year, meaning Viacom will temporarily suspend a US$20 billion stock repurchase “in order to stay within its target leverage ratio”. Viacom claims the programme has already returned US$15 billion to shareholders since October 2010.“We remain steadfastly committed to returning capital to shareholders through stock buybacks as well as our ongoing dividend programme,” said Dauman. “This temporary pause reflects our history of sound financial management and our commitment to operating within Viacom’s target leverage ratio.”last_img read more

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