23 maj: UPDATE: UK's NICE Gives Final OK for Bayer's Xa..
23 maj: Scottish Widows Calls On Oil Majors To Improve Fracking - FT
23-05-2012 09:13:00

UPDATE: BSkyB Gets Reprieve On Movie Business After Netflix Debut

Relateret indhold

--BSkyB won't have to alter movies business

--Regulator says Netflix debut weakens BSkyB's dominance

--Virgin Media says it strongly disagreees

(Adds Virgin Media comment from the seventh paragraph.)

By Max Colchester and Lilly Vitorovich

Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- The U.K.'s competition regulator said Wednesday that British Sky Broadcasting Group PLC (BSY.LN) won't have to alter its movies business as the pay-television operator's stranglehold on newly-released films has been weakened by the arrival of U.S.-based Internet movie service company Netflix Inc. (NFLX).

The Competition Commission launched an investigation into BSkyB's dominance in the U.K pay-TV movie market in 2010. In a preliminary finding last August, it concluded a lack of competition meant subscribers to Sky Movies were paying more than they should be.

However, in a revised opinion published Wednesday, the watchdog said that Netflix's arrival in the U.K. and Ireland in January led U.K.-based online-video rival Lovefilm, a unit of Amazon.com Inc. (AMZN), to cut its prices to entice customers and boost competition in the sector. The commission also changed its stance on the importance that consumers attach to watching the latest movie releases, concluding that customers actually want to access a large range of cheap films.

"Competition between providers of movie services on pay TV has changed materially and, as a result of these changes, consumers now have much greater choice," said Laura Carstensen, Chairman of the Movies on Pay TV market investigation. The competition watchdog said it would not be launching any action follow the publication of its revised opinion. Nevertheless, Carstensen said that competition in the pay-TV retail market overall is "ineffective."

In a statement, BSkyB said it noted the findings of the investigation and would continue to engage with the Competition Commission.

In its preliminary findings last year in August, the Competition Commission said it was looking to change the way BSkyB operates its Sky Movies business to allow rivals such as Virgin Media Inc. (VMED) and BT Group PLC's (BT.A.LN) BT Vision to compete on a more equal footing. At the time, the regulator said would-be rivals were unable to bid successfully against BSkyB for the rights to show movies from all six major Hollywood studios in the first subscription pay-TV window because BSkyB's large base of subscribers gave it a financial advantage. On Wednesday the competition watchdog said that Netflix and Lovefilm had already acquired the rights to several movies and that barriers to entry would continue to fall as they gain in scale.

In a statement, Virgin Media said it strongly disagrees with the provisional findings by the Competition Commission, stating that Netflix and Lovefilm have done little to impact Sky's grip on the market.

"Sky's control of movie rights is restricting competition in the U.K., leading to higher prices, reduced choice and less innovation," a Virgin Media spokesman said.

BSkyB counts News Corp.'s (NWS) as its biggest shareholder with a 39.1% stake. News Corp. also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

-By Lilly Vitorovich, Dow Jones Newswires; 44-20-7842-9290; lilly.vitorovich@dowjones.com; Twitter: @LillyVitorovich

(END) Dow Jones Newswires

May 23, 2012 03:13 ET (07:13 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
21 jan
NFLX
Tænker at skyde mig selv i låret med en svært rusten bolt pistol
1
21 jan
NFLX
House of Cards sæson 3, skal nok fungere som en mindre kurstrigger. :)
1

Fondsbørsmeddelelser

GE Wind nåede ikke sit mål for 2014

23-01-2015 15:10:52
Hullet fra tredje kvartal blev ikke lukket, og General Electrics vinddivision, GE Wind, nåede ikke sit møllemål for 2014. Til gengæld ventes der vækst i år. Det..

Novo/analytikere: Kursmålet løftes - NY

23-01-2015 09:02:04
Flere analytikere ser nu mere positivt på kursmålet for Novo Nordisk, efter medicinalselskabet sent torsdag fik de europæiske sundhedsmyndigheders godkendelse t..

Aktier/tendens: Festen ventes at fortsætte

23-01-2015 08:42:45
Festen på det danske aktie marked - og de øvrige aktiemarkeder - ser ud til at fortsætte fredag til tonerne fra orkesteret i Frankfurt, der spillede op til fest..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Græsk venstreparti misser absolut flertal trods valgsejr

Relaterede aktiekurser

Ford Motor Co (DE) 14,91 -0,8% Fald i aktiekurs
Amazon.com, Inc 312,39 0,7% Stigning i aktiekurs
Netflix Inc 437,46 2,1% Stigning i aktiekurs
BT Group PLC 64,57 1,5% Stigning i aktiekurs
BT Group PLC 431,10 0,0% Aktiekurs uændret
Ford Motor 13,24 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
26. januar 2015 07:22:50
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150121.1 - EUROWEB1 - 2015-01-26 07:22:50 - 2015-01-26 07:22:50 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x