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Embattled pay TV operator i-Cable makes another attempt to turn around a decade of losses with Guangdong network tie-up

I-Cable Communications, Hong Kong’s biggest pay TV operator, on Tuesday formalised a partnership with Guangdong Radio and Television (GRT) that will allow it to air programmes to the Chinese TV group’s customers.But analysts are circumspect about the benefits of the tie-up on i-Cable’s bottom line, saying it is unlikely to yield any long-term “material” benefit.Irene Leung Shuk-yee, chief operating officer of i-Cable, said that the deal with GRT also involves joint production of TV shows,… Source link

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China 

Big companies on alert in countdown to China’s consumer rights TV show

China is gearing up to skewer companies it accuses of treating consumers badly in a yearly event that has previously named and shamed firms from Apple to Nike.State-run China Central Television (CCTV) will on Friday evening broadcast its annual consumer rights show, similar to CBS network’s 60 Minutes in the United States, that tends to be a mix of undercover reports and song-and-dance routine.Known as “315”, in reference to global consumer rights day on March 15, the show is usually greeted… Source link

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Car sales, TV sets and the McDonald’s McRib – what consumer spending tells us about the health of the US economy

The McDonald’s McRib is a barbecue-flavoured, pork-based sandwich introduced in the 1980s and made available for only a very brief period each year. For fast-food fans, the tangy but elusive sandwich has a cult-like status and has spawned many dedicated McRib locator websites, just so devotees can pinpoint their best opportunity to get their hands on the treat.Surprisingly, the presence of the McRib has also been linked to improved equity performance. When the seasoned, sauce-dripping sandwich… Source link

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Hong Kong’s troubled pay TV operator i-Cable sees shares plunge as it gives rejected funding plan a second go

Shares of troubled i-Cable Communications, Hong Kong’s biggest pay TV operator, tumbled the most in 11 weeks after the firm revived a fundraising plan to place new stocks with investors. The stock slumped 7.8 per cent to 10.6 Hong Kong cents at Monday’s close, the steepest decline since November 12. About 26.5 million shares changed hands, almost three times the three-day average, according to data compiled by Bloomberg. The sell-off came after shareholders rejected a similar rights-issue plan about two weeks ago. i-Cable said in an exchange filing over the…

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Vietnam 

VNĐ800m for 30-second TV ad in Việt Nam – Japan Asian Cup 2019’s quarterfinal match – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam’s players celebrate after making it through to the quarter-finals. — VNA/VNS Photo Hoàng Linh Viet Nam News The national broadcaster has increased the price by VNĐ200 million compared to the Việt Nam-Jordan knock-out match, which matched the same rate the corporation was charging for the World Cup 2018 final between Franch and Croatia and only lower than the record of VNĐ950 million for the AFF Cup 2019 final between Việt Nam and Malaysia in December 2018. The Việt Nam-Japan match will take place at 8pm (local…

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Baidu seeks to play catch up in mobile app race with bet on world’s most-watched TV show

Baidu is looking to attract more users to its flagship mobile app by partnering with the world’s most-watched TV show through the coming Lunar New Year holiday, as the Chinese search engine operator seeks to catch up to its competitors Tencent and Alibaba Group. Baidu will be the exclusive “red packet” partner of state broadcaster China Central Television’s (CCTV) Spring Festival Gala, the Beijing-based company said on Thursday. Since 1983, viewing at least part of the Gala has been a national tradition. Last year’s show drew more than one billion…

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Hong Kong’s struggling pay TV provider, iCable, enters China through deal with Guangdong CableTV Network in bid to revive fortunes

Hong Kong’s biggest pay TV operator, which has racked up losses of more than HK$2 billion (US$254.9 million) in the past decade, is set to broadcast its shows to viewers in China for the first time, thanks to a new partnership with Guangdong CableTV Network. The embattled i-Cable Communications said it has signed an agreement with Guangdong CableTV Network that will allow it to air programmes to 14 million mainland Chinese pay TV users. “We hope this agreement will bring our business back on track,” said Irene Leung Shuk-yee, the…

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Pay TV operator i-Cable sinks 32 per cent after investors balk at US$88 million fundraising plan

Shares of Hong Kong’s biggest pay TV provider i-Cable Communications fell as much as 32 per cent in early trading on Monday after it announced plans to raise HK$691.7 million (US$88.3 million) via a rights issue. I-Cable fell to a low of 12.1 HK cents before rising to 12.6 HK cents at the lunch break. It had closed at 17.7 HK cents on Friday. The plunge came after the company on Sunday night announced plans to issue 6.35 billion shares, offering one share for every existing share at 10.9 HK…

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Singapore 

Cheeky diner hijacks smart TV at eatery to play gay porn clip, Singapore News

Would you like a dash of adult entertainment with your meal? While diners slurped bowls of pig organ mee sua at a Changi Road eatery last Sunday night (Oct 7), a video of men getting intimate with each other played on the wall-mounted TV. In a 12-second-long video clip that was shared on reddit, two customers can be seen staring at the television in shock. When his female companion froze when she looked up at the screen, a male diner followed her gaze and got an eyeful of gay porn.…

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