Archive | May 21, 2012

SeaChange Sells On Demand Group

21 May

SeaChange has sold its media services company, On Demand Group (ODG), to AVAIL-TVN for $27 million on a cash-free, debt-free basis. U.K.-based On Demand Group, specializing in content aggregation and management of VOD services, becomes part of Avail-TVN effective immediately.

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Autodesk Increasing Revenue Trend Continues

21 May

Autodesk recently reported financial results for the first quarter of fiscal year 2013. Revenue was $589 million, an increase of 11 percent compared to the first quarter of fiscal 2012. Of that only $51 million, or 8,7%, was in Media & Entertainment segment. YTD total revenue shows an increasing trend since 2010 with YTD 2012 at $2,216 million; 2011 at $1,952 million and 2010 at $1,714 million.