Nine Entertainment has announced a 6.4 per cent dip in its profits to December 2014 blaming a tightening ad market. It announced an $88.8 million profit, while overall revenues fell 1.9 per cent to $829 million.
CEO, David Gyngell, put a positive spin on the results saying, “In what has been a difficult advertising market Nine Entertainment has reported a solid result”.
Gyngell said Nine had increased its overall share of the metropolitan free-to-air TV advertising revenue from 38.7 to 39.2 per cent. And this came when the market contracted three per cent in the six months to December 2014.
He said the company had ambitious plans to take 40 per cent of ad revenues over the coming 12 months. This, he said, would be done through the launch of new programs and acquisitions. Gyngell cited Stan – Nine’s JV with Fairfax Media – as an example of where new monies would come from.
A spokesperson for Goldman Sachs agreed Nine’s coming 12 months looked rosy for ad revenues as it had the rights to the current Cricket World Cup, coming Ashes series and the Rugby World Cup. The spokesperson also predicted better ad revenues all-round for the first six months of 2015.
Locked down Victorians who don’t currently have an Optus Sport subscription will have complimentary access to Optus Sport from this weekend to enjoy the UEFA Champions League tournament plus access to premium health and fitness content through the Optus Sport app. UEFA Champions League – the world’s premier continental football tournament – kicks off at […]
Torrens University Australia has launched ‘Career Crush’ via VCCP Sydney and Lash, to help match students with a career they’ll love. Career Crush is an online quiz that determines prospective students’ personal strengths, passions and aspirations to match them with the careers and courses they’re most compatible with. One of the toughest decisions young people […]
Pedestrian Group has partnered with Nine subsidiary Mi9 New Zealand to offer NZ brands the opportunity to partner with the likes of Business Insider Australia, Pedestrian.tv and Gizmodo Australia. Next month, Mi9 New Zealand will be representing Pedestrian Group in the NZ market, offering clients the opportunity to work with leading youth publications including Lifehacker […]
ViacomCBS Networks International (VCNI), a division of ViacomCBS, is launching a premium streaming service internationally, appealing to audiences of all ages. The new SVOD service will start its international roll-out early in 2021, offering exclusive premieres of all new SHOWTIME series, including Halo and American Rust. CBS All Access originals will also premiere exclusively on the new service, such […]
As part of a larger project to refine their brand with partner branding agency Re, Optus have engaged experimental creative studio FutureDeluxe to explore how the iconic ‘Yes’ brand mark behaves in a sophisticated 3D environment. FutureDeluxe have produced a series of 8x idents and a number of static key visuals which will be used […]