Vid-Biz: Fora.tv, Panasonic, No Good TV
Fora.tv Raises $2 Million; money bulks up the $4 million first round announced by the provider of videos of high-profile conferences back in May. (VentureBeat)
Panasonic and Sanyo in Merger Talks; agreement would make Sanyo a subsidiary of the larger Panasonic, companies looking to complete the deal by the end of the year. (The New York Times)
Mark Burnett Partners with No Good TV; famed reality TV producer to help the online video creators develop a talk show for traditional TV starring Carrie Keagan. (Variety)
ABC Hurts Disney Earnings; revenue was up 6 percent for the mouse house’s fiscal fourth quarter, but operating income dipped 4 percent as the advertising slowdown starts to show in the national market, according to CEO Bob Iger. (Multichannel News)
Piracy a “National Sport” in France; French government moving ahead with a “three strikes” anti-piracy law as a new poll shows 34 percent of people over 15 have pirated content on their media players. (TorrentFreak)
DirecTV Added Fewer Subs in Q3; satellite company added 156,000 customers fewer than the same three-month period a year earlier, total subscriber base now at 17.32 million. (CED Magazine)
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I haven’t seen many Sanyo products in the shops for years so it makes good business sense to merge Panasonic with Sanyo. Sanyo’s specialist expertise in producing rechargeable batteries for mobile phones and laptop computers would compliment Panasonic’s product line.
Update, Panasonic had planned to make Sanyo its subsidiary by the end of March through a tender offer, but this could be delayed to summer as global regulators study the impact their merger will have on the battery market.