0 Comments

IATA forecasts 10th year of profit for airlines in 2019

first_img Share Wednesday, December 12, 2018 IATA forecasts 10th year of profit for airlines in 2019 Posted by Tags: IATA, Statisticscenter_img Travelweek Group GENEVA — IATA is forecasting a decade in the black for airlines by the end of 2019, with the global airline industry achieving a net profit of $35.5 billion next year.This figure is slightly ahead of the $32.3 billion expected net profit in 2018, thanks to lower oil prices and solid, albeit slower, economic growth.As such, it’s expected that 2019 will be the tenth year of profit and the fifth consecutive year where airlines deliver a return on capital that exceeds the industry’s cost of capital.“We had expected that rising costs would weaken profitability in 2019. But the sharp fall in oil prices and solid GDP growth projections (3.1% in 2019) have provided a buffer,” said Alexandre de Juniac, IATA’s Director General and CEO. “So we are cautiously optimistic that the run of solid value creation for investors will continue for at least another year.”Here are the projected numbers of 2019:The return on invested capital is expected to be 8.6% (unchanged from 2018)The margin on net post-tax profits is expected to be 4.0% (basically unchanged from 3.9% in 2018)Overall industry revenues are expected to reach $885 billion (+7.7% on $821 billion in 2018)Passenger numbers are expected to reach 4.59 billion up from 4.34 billion in 2018)Passenger traffic (RPKs) is expected to grow 6% in 2019, which will outpace the forecast capacity (ASKs) increase of 5.8%, and remains above the 20-year trend growth ratePassenger revenues, excluding ancillaries, are expected to reach $606 billion (up from $564 billion in 2018)Slower demand growth for passenger traffic (+6.0% in 2019, +6.5% in 2018)Average net profit per departing passenger of $7.75 ($7.45 in 2018)More news:  Venice to ban cruise ships from city centre starting next monthAll regions, except Africa, are expected to report profits in 2018 and 2019. Carriers in North America continue to lead on financial performance, accounting for nearly half of the industry’s total profits.North American carriers are expected to deliver the strongest financial performance in 2019 with a $16.6 billion net profit (up from $14.7 billion in 2018). This represents a 6.0% net margin and a net profit of $16.77 per passenger, which is a marked improvement from just six years earlier. Net margin is up from 2018 (5.7%).Global connectivity and airfare prices are better than ever, with the number of unique city pairs served by airlines forecasted to grow to 21,332 in 2018 (up by 1,300 from 20,032 in 2017), and more than double 1998 levels. Meanwhile, the 2019 average return airfare (before surcharges and tax) is expected to be $324 (2018 dollars), which is 61% below 1998 levels after adjusting for inflation.More news:  Hotel charges Bollywood star $8.50 for two bananas and the Internet has thoughts“Air travel has never been such a good deal for consumers,” added de Juniac. “Not only are fares staying low, the options for travellers are expanding. Some 1,300 new direct links between cities were opened in 2018. And 250 million more journeys by air occurred in 2018 than in 2017.” << Previous PostNext Post >>last_img read more

0 Comments

Clarks Inn Belgaum slated to launch by the end of 2017

first_imgClarks Inn Group of Hotels has announced the signing of a distinct hotel property at the historic city of Belgaum in Karnataka on the state’s north-western border. The new property, a 60-key strategically located business hotel is currently in its last phase of development and is slated to start operation by the year end.Speaking on the latest addition, Rahul Banerjee, Associate Vice President-Operations, Clarks Inn Group of Hotels, said, “Clarks Inn witnessed one of its biggest growth year in 2016 opening and signing a total of 21 new properties, including 12 operational, with the total tally reaching 75 hotels last year spread across 17 states in India and one in Nepal. With a strong development pipeline, we are expecting another year of robust growth in 2017. And with the latest addition at Belgaum we are confident of reaching a 100 hotel portfolio milestone by the end of the year.”The 60-key Clarks Inn Belgaum will be a vibrant hotel property with strategic location that will cater to all the needs of the modern day discerning business and as well as leisure travellers. Other facilities in the hotel will be ‘Delhi Diner’, an authentic North Indian restaurant, Terrace Grill, Bar, Swimming Pool and Spa and conference and banquet facility that can accommodate up to 800 pax.With the latest addition Clarks Inn now boasts of a portfolio of 76 hotel properties, including 42 in operation, spread across 17 states in India and one in Kathmandu, Nepal.last_img read more

0 Comments

Mortgage Fraud Up 11 from Q2 to Q3 2012

first_img Agents & Brokers Attorneys & Title Companies Consumer Financial Protection Bureau Investors Kroll Factual Data Lenders & Servicers Mortgage Fraud Processing Regulation Service Providers 2013-01-24 Tory Barringer A recent report from verification services provider “”Kroll Factual Data, Inc.””:http://www.krollfactualdata.com/, shows the risk of mortgage fraud rose 1.1 percent throughout the country between the second and third quarters of 2012.[IMAGE]To assemble the report, Kroll Factual Data examined metropolitan statistical areas (MSAs) with at least 1,000 applications per quarter and isolated certain files that may contain indicators of potential mortgage origination fraud.In some MSAs, the company found the risk of fraud rose from Q2 to Q3 by more than 50 percent.””While fraud alerts declined in some MSAs, these declines were offset by significant increases in others. This spike in potential fraud is troubling, coming at the same time the mortgage industry is beginning to turn the corner,”” said Rod Bazzani, president of Kroll Factual Data. “”More importantly, the fact that red flags are rising in every area of the country highlights the continued need for lenders to remain vigilant against fraud.””Bazzani added that recently issued regulations from the “”Consumer Financial Protection Bureau””:http://www.consumerfinance.gov/–many of which are designed to ensure verification of a borrower’s “”ability to repay””:https://themreport.com/articles/cfpb-releases-qualified-mortgage-criteria-establishes-legal-protections-2013-01-10 a loan–“”raise the stakes for lenders to catch fraud or inadvertent errors that might compromise lending decisions or risk buy-back requests.””According to Kroll Factual Data, Flint, Michigan, saw the largest quarterly increase in potential application fraud, posting a 50.32 percent rise over Q2. It’s followed by: Columbia, Missouri (29.77 percent); Lancaster, Pennsylvania (28.83 percent); Tacoma, Washington (25.68 percent); and Santa Fe, New Mexico (24.24 percent).At the other end, the MSAs with the largest decreases in potential fraud were: Champaign-Urbana, Illinois (-19.55 percent); Bridgeport-Milford, Connecticut (-18.59 percent); San Francisco-Oakland, California (-18.37 percent); Birmingham, Alabama (-17.95 percent); and Cleveland, Ohio (-17.32 percent). January 24, 2013 403 Views Sharecenter_img in Data, Origination Fraud,Mortgage Fraud Up 1.1% from Q2 to Q3 2012last_img read more

0 Comments

The Byproduct of Improved Loan Performance

first_imgThe Byproduct of Improved Loan Performance in Daily Dose, Data, News Banks Mortgage Servicers Nonbanks 2016-10-10 Seth Welborn Sharecenter_img October 10, 2016 511 Views By Kendall BaerDepository institutions appear to be reducing mortgage servicing staff at a faster rate than non-bank servicers as portfolio sizes decline and loan performance improves, according to Fitch Ratings’ latest quarterly U.S. RMBS Servicer Handbook.This installment of the Servicer Handbook (the sixth that Fitch has published) contains data on key indicators through Q2 of 2016 that, when taken together, can give insight into the overall health of the mortgage market.The glaring statistic associated with the report is that banks have reduced their mortgage servicing staff by nearly half on average in the past two years. Two years ago, the average depository institution employed approximately 8,000 employees devoted to mortgage servicing. That number has dipped down to just north of 4,000.  In contrast, the report says that non-bank servicers do not appear to be in any hurry to reduce staffing levels, the number of servicing employees at these institutions has remained fairly constant on average at approximately 2,000 employees.Fitch attributes the steadiness in staffing levels to the focus these non-bank institutions are putting on growing their servicing portfolios.  Further, historically speaking, the company argues that the need for more robust staffing levels is also buoyed by the requirement that non-bank customers have for more frequent interaction.“In addition to lower mortgage delinquencies, high credit quality portfolio additions mostly brought on by origination activity are also contributing to reduced staff among bank servicers,” the ratings agency said while previewing the release. “In fact, bank servicers now manage more than twice as many mortgage loans per employee compared to nonbank servicers, a comparison not likely to change to any great degree anytime soon.” The handbook also dives into the difference in loss mitigation strategies between the two types of servicing institutionsClick HERE to view the Reportlast_img read more

0 Comments

Rep Howell votes to bring end to driver responsibility fees

02Nov Rep. Howell votes to bring end to driver responsibility fees State Rep. Gary Howell recently voted for an eight-bill legislative package to end driver responsibility fees, saying the punitive charges should never have been imposed on people in the first place.Howell, of North Branch, said the costly driver responsibility fees – which are tacked on top of court fines and costs – do nothing to improve the driving abilities of those paying them, but do keep families in deep debt and often leave breadwinners unable to work because their driving privileges have been revoked.The fees, which were conjured up by a previous administration facing a budget shortfall, have trapped many families in a vicious cycle of poverty. Howell is proud to have a role in eliminating the fees in October 2018, and immediately forgiving debt owed under the fees structure.“The Catch 22 that these fees created reduced people to living off government assistance, or driving illegally just to provide for their families,” Howell said. “With few options and huge debt, people were kept out of the workforce and unable to earn a living wage, if any at all.”In the time between when the legislation becomes law and the elimination date of Oct. 1, 2018, people who are on a payment plan to fulfill their financial obligations can take advantage of alternative methods of payments included in the bipartisan bills.“Our legislation revives a community service program that will let people pay their debts by participating in improving their neighborhoods,” Howell said. “Another option is participation in workforce development programs to give them the skills needed to succeed when they return to the job market.”The bills now go to the Senate for consideration.#####The bills are House Bills 5040-5046, 5079 and 5080. Bipartisan legislation also forgives outstanding debt Categories: Howell News,News read more

0 Comments

Michigan launches new bipartisan task force on criminal justice reform

first_img Categories: Chatfield News 17Apr Michigan launches new bipartisan task force on criminal justice reform Speaker of the House Lee Chatfield and other state and county leaders today announced the creation of the Michigan Task Force on Jail and Pretrial Incarceration, which will review Michigan’s local court procedures and history to find the most important areas of improvement.The Michigan House of Representatives has made criminal justice reform a priority in recent years, including innovative solutions like drug and veterans’ treatment courts, smart sentencing updates, and, most recently, civil asset forfeiture reform.  In order to continue those efforts, Pew Charitable Trusts began working with the speaker’s office last fall to look at significant areas of need and build a proposal for a joint task force that will bring new staff and resources into Michigan to collect and analyze data from local communities across the state.“Strong criminal justice reforms protect people’s constitutional rights, reduce crime in our local communities and lower runaway costs to Michigan taxpayers,” said Chatfield.  “Michigan has taken several major steps to improve our outdated criminal justice system, and looking at its real-world impact on the local level is the next step in improving our laws and procedures. The people of this state deserve solutions when the system fails. The information gained through this process will be invaluable in finding those failures and fixing them once and for all.“I am glad the governor has agreed to join our effort and create this task force by executive order, and I am glad to see strong leaders from so many different areas within our criminal justice system volunteer to take on this issue and make it a priority.  By working together at every level of government and across the political spectrum, we can find the best forward-thinking reforms to build a more just and fair jail system.”####last_img read more

0 Comments

Nevada Now Regulating Nonprofits

first_imgShare1TweetShareEmail1 SharesFebruary 3, 2014; Las Vegas Review-Journal, “Business Press”As of January 1st, Nevada now requires nonprofits to register with the secretary of state before soliciting tax-deductible charitable contributions within the state. Previously, Nevada had no charitable solicitation registration laws. Under the new law, a registering nonprofit must file its paperwork with the secretary of state to be listed on a registry at the time it files its articles of incorporation or annual list of officers and directors, including a copy of a Form 990, or good faith estimates if it has not completed its first fiscal year.More than 40 US states have registration requirements, most focused on transparency. The newspaper reports that the Nevada law was prompted after Hurricane Katrina prompted some to set up shop in Nevada, claiming to be nonprofit groups collecting donations for victims in New Orleans.“Nobody likes new regulations, but the sector has agreed that additional transparency is important,” said Phil Johncock, the executive director of the Alliance for Nevada Nonprofits (ANN). “Nonprofits are created in the public eye.”But the Las Vegas Review-Journal reports that although almost 15,000 nonprofit groups are registered, only 4,681 are tax-deductible organizations, according to the Alliance of Nevada Nonprofits. Accounting and legal experts tell the Review-Journal that nonprofits need to understand what they have to do, which is keep current.The registry, accessible through the secretary of state’s website, includes names and phone numbers of officers, and the name under which a nonprofit intends to solicit charitable contributions. The idea is to give the public an opportunity to look up a nonprofit and tell if it is legitimate. However, the new law doesn’t validate the group’s activities, but only that it has complied with filing requirements.The Alliance says the new system will be a challenge for smaller organizations, as about 40 percent of the state’s nonprofits bring in less than $50,000 a year. To assist them as they get in line with the new regulations, ANN has created an AB60 Compliance Tool Kit to help groups comply, and has trained more than 1,000 people, with a focus on legal and accounting staff.—Larry KaplanShare1TweetShareEmail1 Shareslast_img read more

0 Comments

ISIS Lures Young UK Women into Militant Movement as Jihadi Brides

first_imgShareTweetShareEmail0 SharesSeptember 10, 2014;Washington PostLate last fall, 19-year-old Aqsa Mahmood from Glasgow, Scotland joined the more than 60 other British women who have become part of the female sharia militant police force of the Islamic State of Iraq and al-Sham (ISIS). Controlled out of its epicenter in Syria, the jihadist group has inspired international ire after creating and releasing videos showing the beheadings of the two American journalists, Jim Foley and Steven Sotloff.Mahmood has captured the attention of the media as an educated woman who willingly left home last November only to reemerge four days later on the Syrian border. She called her parents in Scotland only to say, “I will see you on the Day of Judgment.” Months later, Mahmood would marry an ISIS militant, become a “jihadi bride,” and take on the mission as her own.As jarring and confusing as it is when Westerns join such Islamic militant movements, unfortunately Mahmood’s case is neither singular nor unique. There have been several similar cases of young British women turning to the lure of the ISIS and also enticing fellow women to join the militia.Mahmood has since become one of the 20 other young British “jihadi brides” Melanie Smith, a research associate at King’s College International Centre for the Study of Radicalization in London, is tracking through the women’s social media activity. According to the International Centre for the Study of Radicalization (ISCR), around 60 British women have joined the militant police force that enforces the strict sharia code and punishes those who disobey.“The British women are some of the most zealous in imposing the IS (Islamic State) laws in the region,” said Smith. “I believe that’s why at least four of them have been chosen to join the women police force.”Mahmood’s parents released a statement last Thursday condemning their daughter’s actions and also discussed in part how there was no “smoking gun” to explain how their “quiet and inquisitive daughter” could have become radicalized.Kalsoom Bashir, co-director of Inspire, a British Muslim education nonprofit organization, has been trying to help address the inequalities and discrimination that British Muslims experience. Among the numerous services the nonprofit offers, they provide support for women through leadership training as well as helping women create communities to educate and inform each other. Bashir says that British Muslim women who feel marginalized and lost would particularly be attracted to the sense of belonging and status espoused by ISIS, who want to create an Islamic state.“When they still feel as part of the other, and they have religious ideologies telling them that this a way to have purpose and duty, that provides a breeding ground for the next step,” said Bashir.As noted by Smith’s research, social media has been instrumental in both spreading the word about ISIS, as seen following the release of beheading videos, as well as fascinating prospective members like Mahmood. Sally Jones, a mother of two and Muslim convert, left her home in England and joined the movement after she met an ISIS militant online and married him. Mahmood had also been actively using Twitter to talk about her experiences in ISIS as well trying to recruit other women before her account was suspended. Her Tumblr is still active and regularly updated.This past Monday, an ISIS-affiliated group began issuing ominous tweet threats calling for the assassination of Twitter employees in San Francisco. The account has since been suspended. These online interactions have allowed the ISIS to create a sense of community many women may have felt was lacking, despite the efforts of organizations like Inspire. Through using social media as a vehicle to generate fear, they are piquing the interest of an isolated and interested subsector of individuals like Mahmood and inviting them into their radicalized world.—Shafaq HasanShareTweetShareEmail0 Shareslast_img read more

0 Comments

Could Universal Basic Income Make Its US Debut in Hawaii

first_imgShare98Tweet4Share58Email160 Shares“Universal Basic Income” by Ron MaderJune 19, 2017; Honolulu Civil BeatLast session, Hawaii passed a bill to explore a universal basic income for the state. The bill passed unanimously in both the houses of the state legislature. The move has received a lot of attention. State Rep. Chris Lee, who sponsored the bill, said, “I’m definitely glad to see a lot of people out there looking at this and asking the same questions.”The bill has two provisions: It asserts that all families in Hawaii are entitled to basic financial security and it establishes government offices to analyze the Hawaiian economy and other universal basic income programs and propose a pathway for Hawaii.The context articulated in the resolution is one where the automation of jobs has moved from the manufacturing sector to the services sector: “Self-driving Ubers are starting to replace taxis in some places; IBM’s Watson computer can provide basic legal advice faster and more accurately than a human lawyer; and self-checkout lines are replacing human cashiers at stores.”Rep. Lee said Hawaii has to consider this context because cost of living is very high there and residents often turn to side jobs in the service industry to make ends meet.In fact, a joint study by Oxford University and the Oxford Martin School in 2013 found that over the next 20 years, “47 percent of jobs in the U.S. are ‘at risk’ of being automated.” Dr. Martin Osborne, one of the co-authors of the study’s report, said, “We identified several key bottlenecks currently preventing occupations being automated. As big data helps to overcome these obstacles, a great number of jobs will be put at risk.” Their research highlighted jobs in “transportation, logistics, as well as office and administrative support.”Finland began a two-year trial run in 2016 with 2,000 citizens who will each receive the equivalent of $587 a month, tax-free. The pilot is only for people already receiving an income subsidy or unemployment benefits. Incidental earnings, such as from odd jobs or self-employment, will not affect the UBI payment.The Netherlands also launched a two-year test this year with 250 Dutch citizens in Utrecht and nearby cities. The participants are placed in six different test groups receiving slightly different stipend amounts under slightly different conditions. One group will receive about $1,100 a month without obligation. Another test group has the option to receive an additional $150 at the end of the month for any volunteer service, and another will receive the $150 at the beginning of the month but would have to return it if they didn’t volunteer. The fourth test group is made up of welfare recipients who will simply continue receiving their benefit, but without any work requirements. A fifth has welfare recipients who expressed interest in the $1,100 but will instead continue to receive their standard benefit. Finally, the sixth group is a control group of welfare recipients who simply want to continue receiving their standard benefit.Loek Groot, an associate professor at the Utrecht University School of Economics, who is working on the program, notes, “The Netherlands’ current welfare system wastes too much money and doesn’t do enough to help its beneficiaries.” Further, “Human behavior is always unpredictable. We want to know what motivates people, what people respond to.”According to the online news outlet Futurism, which calls 2017 “The Year of UBI,” Germany also has a two-year UBI pilot, Canada and Uganda each plan to start one, and India is debating the merits. eBay founder Pierre Omidyar is currently financing a UBI experiment in Kenya.According to the Basic Income Earth Network, the idea of a minimum income first appeared in the 16th century; by the 19th century, the idea had evolved into unconditional basic income. In 1969, President Nixon proposed the Family Assistance Plan in the U.S. to replace the AFDC, the aid program to poor families, but it was eventually rejected.Opponents of UBI worry that it will make people lazy. But Sam Altman, the president of the incubator Y Combinator, which is funding research on inverse basic incomes, said, “Maybe 90 percent of people will go smoke pot and play video games. But if 10 percent of the people go create new products and services and new wealth, that’s a huge net win.”—Cyndi SuarezShare98Tweet4Share58Email160 Shareslast_img read more

0 Comments

Planet Knowledge an ondemand joint venture betwe

first_imgPlanet Knowledge, an on-demand joint venture between video-on-demand provider VOD365 and TV app provider Vonetize, has launched on Samsung’s smart TV platform, tablets and smartphones in the UK and Ireland. Planet Knowledge offers a range of factual programming across nature, science and technology, history, education, kids, travel, adventure, lifestyle programming from content providers including Sky Vision.The content on the service is available free of charge, but viewers have the option to pay a small subscription fee to watch additional HD content without ads.The service’s backers said they would launch Planet Knowledge in additional countries in Europe next month, with further additional expansion planned through the remainder of the year.last_img

0 Comments

Ilse Howling Freeview Play the new connected TV o

first_imgIlse HowlingFreeview Play, the new connected TV offering from free-to-view digital-terrestrial TV provider Freeview is on track to launch later this year, according to Ilse Howling, managing director, connected TV, at Digital UK.Speaking at the DTG Summit 2015: Driving Global CollaborVation in London yesterday, Howling said that the testing was well under way on the first set of Freeview Play devices and that commercial discussions had begun with the next wave of manufacturing partners.“Now, as I speak, Arqiva, who, are doing the work developing the central metadata system, are in the very final stages of production. Testing has started. Panasonic and Humax are well advanced in their development and launch will be this year,” said Howling.“Freeview is primed and ready to support the new service with its heaviest-weight advertising campaign to date. I’m not naming the date today, but it is coming soon.”Howling said “well over 40, 50” manufacturers had now requested the specification for Freeview Play and that the firm is “in commercial negotiation with the next wave of manufacturers.”Freeview said earlier this year that Panasonic will be the first electronics manufacturer to launch TVs featuring Freeview Play, while Humax will be the first to launch Freeview Play set-top boxes. Vestel is also confirmed as a third initial manufacturer of Freeview Play devices.Howling gave attendees of the DTG Summit a first glimpse of the Freeview Play EPG on Panasonic TVs. This, she said, will look like a conventional EPG, but with a ‘catch-up button’ at the bottom of the display, designed to let viewers easily access on-demand content.Howling also displayed Humax’s Freeview Play box, which she suggested would retail in the UK at between £199 and £229.The news came on the same day that Freeview announced it has passed the 100 million mark for the number of Digital Terrestrial Television (DTT) TVs and boxes sold since launch.Digital UK provides operational support for the Freeview platform, including management of the Freeview electronic programme guide. It also leads on developing DTT strategy, working with its broadcast partners and industry. The BBC, ITV, Channel 4 and Arqiva own Digital UK.last_img read more

0 Comments

John Whittingdale The governmentfunded rollout of

first_imgJohn WhittingdaleThe government-funded rollout of superfast broadband in the UK has now reached more than three million homes and businesses.According to the government, the rollout of internet speeds greater than 24 Mbps to properties not covered by existing commercial networks is on track to take superfast access to 95% of the UK by 2017.Government stats claim that more than 80% of UK homes and businesses already have access to superfast speeds, and the rollout is currently reaching an additional 40,000 properties every week.“Reaching three million properties is a huge achievement. Our rollout of superfast broadband is transforming lives up and down the country as every day thousands more homes and businesses are gaining access to superfast speeds,” said culture secretary John Whittingdale.The news comes after BT recently pledged up to £129m to extend the government-led rollout of superfast broadband across the UK.last_img read more

0 Comments

John Whittingdale The UK government is examining t

first_imgJohn WhittingdaleThe UK government is examining the privatisation of Channel 4, official papers have revealed.Pictures were taken of the official documents – marked ‘sensitive’ – as a government official carried them into Downing Street.A portion of the visible text read: “Work should proceed to examine the options of extracting greater public value from the Channel 4 corporation, focusing on privatisation options in particular.”UK culture secretary John Whittingdale has recently denied active privatisation talks are taking place, but the papers reveal it is considered an option.Channel 4 is currently operated as an advertising-funded public service broadcaster.The DCMS issued a statement and said it is looking at different possibilities for Channel 4.“Channel 4 has an important remit and we are looking at a range of options as to how to continue to deliver this, including options put forward by Channel 4,” the government department said.last_img read more

0 Comments

Courteney Monroe 21st Century Fox has completed it

first_imgCourteney Monroe21st Century Fox has completed its deal to take control of National Geographic and rejigged its senior management.Courteney Monroe will become the international channels chief under the new structure and Fox International Channels exec Ward Platt will be in charge of channel distribution and commercial activity.Fox announced in September that it planned to take control of Nat Geo, forming a new group, National Geographic Partners. Widespread job cuts at Nat Geo were then announced earlier this month, with 10% of the 2,000-strong workforce facing the axe.With the Nat Geo Partners deal closed, Fox yesterday announced several senior management changes under the overall leadership of CEO Declan Moore.Courtenay Monroe becomes CEO of Nat Geo Global Networks. She is transitioning from CEO of Nat Geo Channels US and in her new role will oversee programming, marketing and operations at the portfolio of international channels, which includes the core National Geographic offering as well as Nat Geo Wild, Nat Geo People and Nat Geo Mundo. Monroe joined Nat Geo from HBO in 2012.Long-serving Fox International Channels Asia Pac and Middle East boss Ward Platt becomes COO of the new group and will oversee international operations alongside Moore.In other changes, Susan Goldberg being given an expanded role as editorial director, overseeing all publishing activities and Jeffrey Schneider takes on executive VP, business and legal affairs for the new group having formerly had the same role at Nat Geo Channels.“Upon completing the transaction to form National Geographic Partners, we are thrilled to bring these incredibly talented executives to the senior leadership team,” Declan Moore said in a statement.He added: “We’re excited to officially begin our journey to bring a new and integrated National Geographic experience to people worldwide, and I look forward to partnering with Ward Platt and working with Susan Goldberg, Courteney Monroe and Jeffrey Schneider to share the National Geographic mission with an even larger audience.”Monroe is expected to make further management changes as she takes over the international operations.Nat Geo said yesterday that it will continue to operate its programming hubs in London, New York and Washington and that National Geographic Studios will continue to be its in-house production unit.last_img read more

0 Comments

Sky has selected Cisco video software solutions to

first_imgSky has selected Cisco video software solutions to power its next-generation home entertainment system, Sky Q.Announcing the partnership at the Consumer Electronics Show in Las Vegas, Cisco said that Sky will use Cisco’s VideoGuard Everywhere security solution to support all the advanced services in the Sky Q service – including broadcast, streaming and video downloads to a range of screens.Cisco will also provide a suite of headend components, as well as set-top box middleware.“Our work with Sky on this project spans the full spectrum of Cisco video solutions. Together we are supporting video delivery, content sharing, device compatibility and rights management to create the one-of-a-kind Sky Q,” said Yves Padrines, vice president, global service provider, Cisco EMEAR.Cisco also used CES to introduce Infinite Broadcast, a multiscreen video solution for one-way and hybrid satellite and cable service providers.Turkish TV provider D-Smart is currently working with Cisco to implement the Infinite Broadcast solution, which is the third member of Cisco’s Infinite Solutions suite.Sky unveiled its much anticipated, advanced Sky Q home entertainment system in November and confirmed plans to launch an Ultra HD service later in 2016.last_img read more

0 Comments

Kunle Falodun Sony Pictures Television SPT has h

first_imgKunle FalodunSony Pictures Television (SPT) has hired Econet Media’s Kunle Falodun (pictured) as VP of distribution for Africa.Falodun began his new role in July, working out of SPT’s London office and reporting to senior VP of UK, Africa, Ireland and Iberia Mark Young.Prior to Sony, Falodun was head of business development at African broadcaster Econet, overseeing distribution of premium sports content through free-to-air network Kwese TV across sub-Saharan Africa.He was a key part of developing and establishing a commercial model for Kwese Free Sports Channel.Having moved to the UK from Nigeria in 2004, he has also worked for Optima Sports Management International (OSMI), where he ultimately became managing director of OSMI UK.“Kunle has extensive knowledge of the African media landscape and has unrivalled experience across all areas of the business – including content, distribution, local production, marketing and acquisition. As we continue to ramp up our efforts across the continent, no-one is better placed than Kunle to spearhead our development in this region.”In May, SPT hired long-serving Mediaset buyer Zelda Stewart as VP of distribution for Italy.Today’s news comes soon after Apple poached SPT’s co-presidents Jamie Erlicht and Zack Van Amburg to lead its push into original programming.last_img read more

0 Comments

Amazon has been actively exploring a possible acqu

first_imgAmazon has been actively exploring a possible acquisition of UK rights to the English Premier League in the run-up to next month’s auction, according to a report in UK newspaper The Telegraph.According to the report, citing unnamed sources, Amazon has been talking to industry figures about how it could incorporate premium football in its live sports offering in the UK.According to The Telegraph, Amazon has consulted industry experts about what is needed to create a top-tier football offering. However, there is no confirmation that the web giant has taken a decision to bid for the rights to the 2019-22 seasons.Amazon’s possible entry into the bidding could have serious implications for Sky and BT, the current holders of Premier League rights. For both, the Premier League rights are central to their consumer offering.The pair recently struck a deal whereby Sky made its sports offering available to BT TV subscribers via the integration of OTT offering Now TV into BT’s service and BT agreed to wholesale its sports channels to Sky for the first time.There has been considerable speculation that a global internet giant such as Amazon, Facebook or Google could launch a bid for top-tier football following smaller-scale experiments in live sports. Amazon last year acquired rights to ATP tennis in the UK and Ireland, beating Sky.Some observers are sceptical about the likelihood of a bid for Premier League football, however. In a column recently published by Digital TV Europe, former Sky COO Mike Darcey expressed the view that a bid by Amazon or another big web player is unlikely because the cost of replicating the strategy in multiple territories would be huge, because the streaming infrastructure required to provide a quality service is still lacking, and because the business model for the likes of Amazon – as against Sky – is unclear.Darcey also argued that an Amazon bid for a smaller slice of the rights to “test the waters” could present more of a threat to BT than to Sky.The Premier League is expected to offer seven packages in total in the auction, with 200 matches available in total. The League is hoping to raise more than the £5.14 billion (€5.77 billion) it secured under the current rights agreements with Sky and BT.last_img read more

0 Comments

Sports streaming service DAZN has teamed up with D

first_imgSports streaming service DAZN has teamed up with Discovery on a wide-ranging distribution pact that will see two Eurosport channels made available to DAZN subscribers in Austria, Germany, Italy and Spain.Eurosport 1 HD and Eurosport 2 HD will be made available in the four markets under the deal, which is the latest expansion play for the four-year-old London-headquartered SVOD.The deal comes despite Eurosport’s own OTT service, Eurosport Player, being available widely across Europe, meaning DAZN likely paid a premium for the rights.Discovery’s Eurosport holds exclusive pan-European rights to Grand Slam tennis championships; cycling’s Grand Tours; all FIS World Cup and World Championship winter sport competitions and premium motorsport series’ including Formula E, WTCR and 24 Hours of Le Mans. Eurosport also hosts Olympics coverage in Europe, with all media rights to Tokyo 2020, Beijing 2022 and Paris 2024 across more than 50 markets.Meanwhile, DAZN has exclusively sublicenced 45 Bundesliga matches from Discovery in Germany and Austria, including matches on Friday night, Sunday, Monday and relegation play-off matches from the 2019/20 and 2020/21 seasons.Eurosport content becomes available on DAZN from 1 August.John Gleasure, chief business development officer at DAZN Group, said: “This is an exciting agreement that brings Eurosport’s incredible sports content to our subscribers, and delivers 45 Bundesliga matches to the DAZN service in Germany and Austria under a two-season exclusive sublicensing agreement.“This deal underlines our commitment to providing the biggest and best sports action to fans in an accessible and affordable way, while rewarding rights holders for integrating their content on our market leading platform. We look forward to developing our partnership with Discovery.”James Gibbons, in his role as head of commercial development for EMEA at Discovery, said: “We are delighted to enter this partnership that expands the distribution of Eurosport’s channels in four European markets. We always look for new partners that help get our brands and content to more fans. In parallel, we will continue to develop and market our all-access multi-sport OTT service – Eurosport Player – for fans who want a deeper experience.”last_img read more

0 Comments

ShareTweet

first_imgShareTweet “Food is a key ingredient of the tourism experience and an important influence on people’s decision to visit a destination.“It is increasingly recognised as part of the local culture, consumed by tourists; whether it’s in local restaurants, at food festivals, local markets or on a food tour, it allows visitors to uncover our unique culinary products.“By championing the regional authenticity of our produce visitors feel a connection to the region and this will ensure they want to return for second helpings.“It would be a fantastic endorsement for the city and help attract more visitors, therefore we would urge everyone to vote and play their part in growing Derry’s reputation as a top foodie destination.” Sinead McLaughlin, President of the local Chamber of Commerce, also urged everyone to get behind the city, which is the only Northern Ireland finalist in contention for the gastronomic honours, adding:“Derry as Foodie Destination 2016 would provide the city with an opportunity to showcase local businesses and restaurants.“We have great food propositions and would love to share this experience with our visitors and tourists”.According to Jim Roddy, City Centre Manager, Derry is “well deserving” to be in the running for the top title.“This is our opportunity to recognise our restaurateurs for the amazing work they are doing to put Derry at the forefront of culinary tourism.“I would urge everyone to visit the website – www.foodiedestinations.ie – and vote for Derry to be Foodie Destination 2016,” he stated.Catherine Goligher, whose Made in Derry Food Tours are going down a treat with both local and visiting foodies, believes Derry is “punching well above its weight in terms of the food and drink offer”.“We are spoilt for choice and so lucky to have such passionate chefs, restaurateurs and producers locally.“I think we should be shouting about it more! This was the impetus to starting the food tours, and I’m delighted to say they’ve proven a success to date.“Guests have continually been pleasantly surprised by the high quality of our eateries and just how much amazing local produce we have on our doorstep.“The standard just continues to rise and after coming runner-up in Foodie Towns last year Derry is definitely going for the number one spot this time!”Organiser of Derry’s Foodie Destinations bid, Mary Blake, Tourism Manager at Derry City and Strabane District Council said:“This has been a passionate campaign but that’s hardly surprising as food is something we are all so passionate about.“It’s in our DNA and we are surrounded by an incredible natural larder from Foyle to Field.“It will be a very tough competition but we have given it our all – from the butchers, and the makers to the artisan bakers.“Our chefs and owners are committed to keeping things ‘LegenDerry and local’ and that shows on menu messaging and restaurant awards everywhere.“We poured a lot of information into our application, turned up the heat with a sizzling suppliers showcase and then stirred up a robust online campaign to get our foodies voting for Derry.”Thanking everyone who has supported the Derry bid and urging anyone who has not already voted to go to the Foodie Destinations website between now and Friday, she added:“We believe we have the recipe to be a winning Foodie Destination. Being shortlisted for this award shows that we already are.”Derry is one of the top ten finalists for Ireland’s Foodie Destinations 2016 along with The Burren in Co Clare – winners of Foodie Towns 2015, Cong, Kilkenny, Monaghan, Sligo, Leitrim, Loop Head, Boyne Valley and Dublin Coastal Villages (Malahide, Howth & Skerries).The public vote accounts for 50% of the overall score with the other 50% scored by two independent assessors who visit each destination. Judges Aoife Carrigy and Dee Laffan from the Irish Food Writers’ Guild, visited Derry last week.A number of high profile celebrity chefs have also pledged their support for Derry.They include multi award winning Michelin-starred French chef Jean-Christophe Novelli, former Coronation Street star Sean Wilson aka Martin Platt who is also a trained chef and cheese-maker, and a host of popular Northern Ireland chefs including Paul Rankin, Jenny Bristow, Paula McIntyre and closer to home, Emmett McCourt, Brian McDermott and Ian Orr, all of whom have been actively backing the campaign on social media with a host of local restaurateurs, chefs, artisan food producers and suppliers.You can vote for Derry at www.foodiedestinations.ie/city/derry up until 12 noon on Friday, September 9th 2016.DERRY BUSINESS LEADERS WHISK UP SOME FOODIE FERVOUR was last modified: September 7th, 2016 by John2John2 Tags: BUSINESS and tourism leaders in Derry are whisking up support in a final push for public votes in the coming days which could help the city be crowned Ireland’s top Foodie Destination for 2016.With the crucial online voting closing at 12 noon on Friday, September 9t, Odhran Dunne, General Manager of Visit Derry, said he was delighted the city was among ten prime destinations shortlisted in the competition and hoped to see the prestigious culinary title coming home to the banks of the Foyle.Pledging his support for the ‘LegenDerry and Local’ Foodie Destination bid led by Derry City and Strabane District Council, Mr Dunne continued:“As the runner-up in Foodie Town Ireland in 2015 the city is well placed to go one step further this year for the top title during Northern Ireland’s Year of Food and Drink 2016. DERRY BUSINESS LEADERS WHISK UP SOME FOODIE FERVOURjean claude novellilast_img read more

0 Comments

FAMILY LEFT SHAKEN AFTER PILLOW USED IN DERRY AR

first_imgFAMILY ‘LEFT SHAKEN’ AFTER PILLOW USED IN DERRY ARSON ATTACK was last modified: May 3rd, 2017 by John2John2 Tags: DS BRIAN REIDFAMILY ‘LEFT SHAKEN’ AFTER PILLOW USED IN DERRY ARSON ATTACKLOWER BENNENTT STREET DETECTIVES are investigating after an elderly woman and her adult children were left badly shaken following an arson attack on their Derry home.The deliberate happened in the Lower Bennett Street area in the early hours of this morning, Wednesday, May 3.Police say Just before 1.40 am this morning am it was reported a pillow had been placed against the gas mains of the house and set alight. ShareTweet Emergency services attended the scene and fire crews extinguished the blaze.The family, who were in the property at the time, were not injured but damage was caused to the gas mains.Investigating officer Detective Sergeant Brian Reid said: “I am appealing for anyone who witnessed the incident or anyone who has any information that can assist with the investigation to contact Detectives in Strand Road on 101 quoting reference number 76 of 03/05/17.“Information can also be passed anonymously via the independent charity Crimestoppers on 0800555 111.”last_img read more