It’s undeniable we hurt our ratings by doing that. We have to balance what we’re trying to do for viewers across the country and our business model.NBC Sports Chairman Mark Lazarus • Discussing whether or not NBC should have tape-delayed some events which ran live; specifically noting the men’s basketball finals between the U.S. and Spain, and men’s tennis finals between Andy Murray and Roger Federer. The London Olympics became the most-watched television event in U.S. history, surpassing the 2008 games in Beijing, and drew a total audience of 219.4 million viewers. The network may even turn a profit on the coverage, after initially forecasting a $200 million loss, and is now wondering if additional tape delays during future Olympics might be in their best interest. source (via • follow)
» Eating a bit of crow: Only 24 hours after Time Warner CEO Jeff Bewkes told investors that people weren’t interested in cord-cutting — when it comes to cable TV — the namesake cable company, which no longer has ties to Time Warner, announced heavy cable subscription losses alongside an increase of 72,000 new business and residential high-speed internet subscribers. The company is far from having its business model disrupted though, as it did also take in a total of $5.4 billion during the same three months. (update to note they are separate companies; thanks stphn)
The whole idea that there’s a lot of people out there that want to drop multichannel TV, and just have a Netflix or an HBO — that’s not right. Look for the data, you won’t find them.Time Warner CEO Jeff Bewkes • Once again shooting down any chance of a web-only HBO GO service, following an inquiry by a Barclay’s Capital analyst during Time Warner’s earnings call. Bewkes told investors that the 7 million additional subscribers to HBO and Cinemax in the last 6 months was proof that there was still an extremely large market for cable-exclusivity. “There are tens of millions of homes with multichannel TV… [that] aren’t currently subscribing to HBO,” said Bewkes, “That’s the opportunity.” source (via • follow)
» More than money lost: In addition to the money that the U.S. will claim from PokerStars — with $184 million being used to repay former players — the government will also seize all assets owned by Absolute Poker. “Our hope and expectation is that the proceeds of the forfeiture will be used to repay our players,” said Absolute Poker’s attorney Jerry Bernstein, but he also noted that the decision ultimately rests with authorities. Full Tilt Poker did not escape unscathed either, and plans to sell all of its assets to PokerStars as part of the settlement.
They’re more in a dictatorship mode where they say, ‘This is what you have to do or you don’t get the iPhone.’ Being arrogant with your partners in big markets doesn’t pay off.Vasyl Latsanych, Vice President of Marketing at Russian mobile carrier OAO Mobile TeleSystems • Offering his employers’ explanation for the iPhone’s extremely high price — which have reportedly topped $1000 at times — compared to other smartphones available in Russia. As the author also notes, the majority Russian consumers do not sign long term contracts for mobile service, removing any incentive for carriers themselves to help subsidize the high cost of some devices. Think this is the sort of thing investor’s were worried about last week when asking Apple CEO Tim Cook about entry barriers in emerging markets? source (via • follow)