Apple exec to lead online sports service

A former Apple executive has been appointed as chief executive of a new online video sports service, which will be a joint venture between ESPN, Fox and Warner Bros. Discovery. Pete Distad was at Apple for ten years and before that was responsible for marketing and distribution at Hulu.
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Western Europe to lose 9 million subs

Western European countries will lose nearly 9 million television subscribers between 2023 and 2029. That would be a fall from 101 million to around 93 million, a reduction of 8%. Market penetration will be down from 58% to 53%. Sky is expected to lose nearly five million satellite subscribers but hopes to gain online customers.
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United States lost 5 million subs in 2023

Leading television service providers in the United States lost around 5 million subscribers between them in 2023. They still account for over 70 million subscribing households, but that is down from 91.5 million at the end of 2018. It adds up to over a 20 million net loss in five years.
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Why Walmart is buying Vizio

Buy n Large retail giant Walmart is buying the television operating system provider Vizio for around $2.3 billion to support the growth of Walmart Connect through the Vizio SmartCast platform. It is not so much buying a television platform as a way of knowing what customers are watching and go on to buy.
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ITV reports loss of advertising revenue

ITV, the leading British commercial broadcaster, reported that revenues for 2023 were down by 2% and profits were down by over 60%. A 15% decline in traditional advertising due to an adverse advertising market was partly offset by a 19% growth in online revenue. Having sold its stake in BritBox International to the BBC, the BritBox service in the United Kingdom will be subsumed into ITVX.
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Accedo acquires Easel

Global video solutions provider Accedo has acquired Easel TV. It will bring the Easel TV platform under the Accedo brand. The Easel TV name will be phased out and the Easel TV team will join the existing Accedo London office.
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