Smaller SVODs risk failure if they don’t partner up says Moody’s analyst

Smaller SVODs must partner up or set themselves up for acquisition in order to survive, an analyst at Moody’s has said. Neil Begley, senior VP, corporate finance group at credit ratings agency Moody’s has argued that longer term success will be difficult for smaller players in SVOD and that they are “probably going to need […]

Moody’s study: a tale of two telco markets

European and US telcos are experiencing contrasting fortunes, with Europe’s players seeing prices rising thanks to their ability to sell converged bundles of TV, broadband and telephony while US operators suffer from increasing wireless competition, according to credit ratings agency Moody’s. According to a report on the sector by Moody’s US telcos’ revenue growth will […]

Moody’s: Liberty Global profitability goals ‘ambitious’

While its European unit’s profitability is likely to improve this year, Liberty Global’s target of 7-9% growth in operating cash-flow in the 2015-18 period “remains ambitious”, according to an assessment by credit ratings agency Moody’s. According to Moody’s, the international cable outfit is under pressure to deliver higher growth in profitability from this year after […]

Viacom corporate crisis weighs on confidence

Moody’s has said the outlook for Viacom is now negative, citing weak results and an ‘unprecedented corporate governance crisis’. The influential credit ratings agency further warned that the media giant’s rating could be downgraded if the decline in its performance is not arrested, and the company continues to make ‘ill afforded dividend payments in the […]

TV business needs ‘total overhaul’ to beat Netflix

Traditional content creators and channels need to totally overhaul their businesses if they want to effectively combat Netflix and the other disrupters in the market, according to new research. Credit ratings agency Moody’s says the era of pay TV being the “most stable, predictable and highest-margin segments of the US media industry is rapidly eroding”. […]

Moody’s reiterates B1 rating for Telecable

Credit rating agency Moody’s has reiterated its B1 credit rating for Spanish cable operator Telecable, which is owned by UK investment outfit Zegona Communications and operates in the Asturias region of north-western Spain. Moody’s said that the company had a strong position in its regional market, which had to be offset against the modest scale […]

Satellite operators set to rebound, says Moody’s

Satellite operators should return to growth this year, boosting their creditworthiness, according to a report by credit ratings agency Moody’s. Moody’s expects aggregate organic revenue growth of 3% at constant currency for major satellite players Eutelsat, SES and Inmarsat. It also expects a higher growth rate for emerging markets broadband specialist Avanti Communications Group. The […]

Moody’s gives first-time B1 rating to Spain’s Telecable

Moody’s Investor Service has given a first-time credit rating of B1 to Spanish regional cable operator Telecable, owned by UK investment outfit Zegona Communications. Moody’s assigned a first-time B1 corporate family rating (CFR) and a B2-PD probability of default rating (PDR) to the Asturias region operator, and a B1 rating and loss given default (LGD) […]

Cost of Scripps’ TVN deal could reach US$2bn, say analysts

Financial analysts have said the cost of Scripps Networks International’s deal for TVN could rise to US$2 billion (€1.89 billion) if it moves for the outstanding shares in the Polish broadcast group. Having bought 52.7% of TVN, SNI is required by Polish law to move for an additional 13% of its stock, and has the […]

Moody’s places SFR-Numericable under review for downgrade

Credit rating agency Moody’s has placed SFR-Numericable under review for downgrade following its joint offer with majority owner Altice to buy out the 20% stake in the company still held by Vivendi for €3.9 billion.  Numericable-SFR intends to acquire half of Vivendi’s stake through a share buyback programme which is to be submitted to Numericable-SFR’s […]

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