Vevo announces Abu Dhabi investor

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Vevo, the online premium music video servcie from Sony and Universal has announced that the Abu Dhabi Media Company will be an investor in the joint venture. The Abu Dhabi Media Company will join Sony Music Entertainment and Universal Music Group as founding shareholders in Vevo. “It’s an honor to bring in such a solid investment partner, [...]

Middle Eastern Media Giant Backs Upcoming Music Video Site VEVO

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VEVO , the YouTube-powered “Hulu for music videos” which to date was a joint venture between Universal Music Group and Sony Music Entertainment , is gaining a new founding shareholder. VEVO has just announced a ’strategic’ investment was made by Abu Dhabi Media Company (ADMC), a giant of a media company with headquarters in Abu Dhabi, capital of the United Arab Emirates. reports MediaMemo .

Laporan Kuartal Ketiga Sony Ericsson: Sedikit Tanda-tanda Kebangkitan?

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17 October 2009jjlifeblogLeave a commentGo to comments Hari ini Sony Ericsson merilis laporan keuangan dan hasil penjualan selama kuartal ketiga (Q3) tahun 2009. Hasilnya agak sedikit menggembirakan. Kerugian memang masih diderita oleh Sony Ericsson, tapi jumlah kerugiannya mulai mengecil, tidak sebesar kerugian pada kuartal sebelumnya. Jumlah penjualan juga sedikit meningkat, tapi tetap saja masih jauh dari rekor pada tahun sebelumnya. Paling tidak, ada sedikit tanda-tanda kebangkitan di tenga

Sony Ericsson Disappoints: Can It Handle the Pressure?

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Five. That’s the number of consecutive quarters mobile phone maker Sony Ericsson now has reported earnings losses. The latest financial erosion came on Friday when the joint venture between Sony Corp. (SNE) and Ericsson (ERIC) stunned investors and analysts with a loss of 164 million euros ($245 million) in the ...(227 words)

Sony Ericsson continues streak of poor earnings

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Joint mobile phone venture Sony Ericsson has reported poor earnings once again this morning, although the loss was more narrow than expected by Wall Street analysts. For the Q3 2009, losses amounted to euro 164 million (about $245 million USD). Last year, for the same period, losses came to euro 25 million. Revenue was crushed as well, dropping from euro 2.8 billion to 1.6 billion year-on-year. Handset units rose to 14.1 million, up 2 percent for the quarter but still down 45 percent for
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