“Dance is an integral part of Indian culture from ancient times,” says Bala Devi Chandrashekar speaking about her dance performance in Paphos on Wednesday. “It is an act presented while praying, at birth, weddings, death and any occasion of celebration, contemplation and introspection,” she adds.A research scholar and a passionate, committed teacher of Bharatanatyam, Bala Devi is presenting the ancient Indian dance called Bharatanatyam to the Paphos after a performance in Nicosdia on Tuesday, aiming to present ancient messages which hold eternal value irrespective of religious beliefs, region or language and present an ancient Indian classical dance.The type of dance presented is one she has been studying for a long time. As a Professor of practice in Asian performing arts, Bala Devi is bringing to Cyprus an act which was also presented at the Unesco headquarters in Paris that is based on the over 1,000-year-old Brihadeeswara temple Thanjavur in Tamil Nadu, India.“Bharatanatyam is an ancient Indian temple dance,” she says, “practised and presented by ancient temple dancers, to help people connect the body, mind and soul with the divinity in and around us. It is the ultimate form of yoga; where the body is trained only to be forgotten about.”In the Paphos event, renowned Indian classical and traditional musicians Kyprianos Paraskeva and Ravi Saundanker will take part.Paraskeva will play the sitar and his style of playing is based on vocal emulation rather than instrumental. This is a relatively new style developed and handed down by Ustad Villyat Khan in the 20th century and now hugely popular. Joining him, Saundanker, an IT professional by trade, is a musician from Maharashtra who’s now settled in Cyprus. Playing the tabla, he’s performed widely in India and Europe in festivals, universities and recitals.This will be an unusual performance for Cyprus, enriching not only the cultural scene but the historical too as Bala Devi says there is a lot of commonality between the people of Cyprus and India in terms of ancient culture, heritage, arts and the confluence of cultures.In her first visit to the island, she is excited to contribute to strengthening the India-Cyprus relationship through her dance. Bharatanatyam Exponent Bala Chandrashekar’s ConcertConcert and performance with Bala Devi Chandrashekar who is a Bharatanatyam dancer and teacher based in Princeton, New Jersey, United States. June 19. Attikon Theatre Evagora Pallikaridi, Paphos.7pm-9pm. FreeYou May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoSmart Tips DailySeniors With No Life Insurance May Get A $250,000 Policy If They Do ThisSmart Tips DailyUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboola
Moody’s investor service said Bank of Cyprus’ sale of nonperforming exposures (NPEs) to Apollo Global Management LLC, is credit positive in its Monday’s Credit Outlook.Bank of Cyprus announced on August 28 it had agreed to sell a portfolio of loans with a gross book value of €2.8 billion to Apollo Global Management LLC, a global alternative investment manager.The loans are predominantly NPEs in the bank’s corporate and small and midsize enterprise portfolio totalling €2.7 billion and are secured with real estate collateral. According to Moody’s, the sale, for a consideration of €1.4 billion, will significantly reduce the bank’s nonperforming exposures and increase its capital buffers upon completion, a credit positive.It also pointed out that this is Bank of Cyprus’ first sale of NPEs as part of its effort to accelerate the de-risking of its balance sheet and the largest sale of NPEs in Cyprus, whose banks are saddled with significant volumes of problem loans.Moody’s also said that after the completion of the NPEs sale, Bank of Cyprus’ NPE/gross loan ratio will improve to 38%. The sale to Apollo is equivalent to six quarters of organic NPE reduction, with the bank reporting an additional €435 million of NPE reduction during second-quarter 2018. The sale accelerates the bank’s balance sheet de-risking and reduces net NPEs to €2.7 billion, a 7 2% decline since peak NPEs of €9.9 billion in December 2014.The €1.4 billion consideration, Moody’s added which is equivalent to 48% of the portfolio’s gross balance sheet value, and the associated transaction costs resulted in a €135 million loss in first-half 2018 results, with Bank of Cyprus reporting a net loss of €54 million. The €135 million loss’ immediate effect on capital is negative, reducing the bank’s Common Equity Tier 1 (CET1) ratio by 80 basis points. Net of this effect, the bank reported a CET1 ratio of 11.9% as of June 2018. However, completion of the transaction will add 140 basis points because risk-weighted assets will decline, leading to a 60-basis-point net positive effect.The rating agency also pointed out that following completion of the NPE sale and the disposal of the UK subsidiary, the bank’s pro forma CET1 ratio will increase to 14%.You May LikeCalifornia Earthquake AuthorityEarthquake insurance that fits your future plansCalifornia Earthquake AuthorityUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboola
Categories: Lucido News 25Oct Rep. Lucido testifies on bills to protect Michigan drivers State Rep. Peter Lucido this week testified before the House Transportation and Infrastructure Committee in support of two bills that clarify rules for drivers and ensure their safety.The first bill stipulates that a license plate is to be considered “clearly visible” when the plate is free from any obstruction.“I would never think in a million years I would have to talk about a license plate obstruction,” said Lucido, of Shelby Township. “But it’s obvious that we need some clarity in the law.”District Court Judge William Hackel III of Macomb County brought the idea of clarifying the law to Lucido.The current statute is very broad. Law enforcement can conduct a traffic stop if the individual’s license plate has a foreign object that obstructs any portion of the license plate regardless the circumstances or construction of the vehicle.The second bill requires the drivers training curriculum to include instruction on what to do when pulled over by law enforcement.This bill requires that people going through drivers training be taught what to do if they are pulled over and how to react to police officer commands, which is not a current educational requirement.Lucido said it recently became law in Illinois to require drivers education to teach students the proper procedure when pulled over by police.House Bills 4705 and 4881 remain under consideration by the House Transportation and Infrastructure Committee.###
Categories: Crawford News 23Aug Rep. Crawford: Oakland Co. schools resume with record investment, increased focus on career prep Students headed back to school across Oakland County will be supported by record state funding and a renewed emphasis on preparing for the workforce, Rep. Kathy Crawford, of Novi, said today.“This is what consistent, responsible budgeting delivers – being able to prioritize funds toward things that matter most to our taxpayers,” said Crawford, who serves on the House Education Reform Committee. “Once again, our area school districts will be properly funded and better equipped to prepare our students for successful futures.”In Crawford’s last two years in the Michigan House, she has helped deliver an estimated $9.4 million funding increase for the Oakland County school districts she represents. That includes an increase of at least $120 per student in the state’s basic foundation allowance, which will be provided in the new academic year.The foundation increase this coming school year amounts to an estimated $538,938 for Northville Public Schools, $549,639 for Novi Community Schools, $1,317,741 for South Lyon Community Schools and nearly $1,602,681 for Walled Lake Consolidated Schools.With this increase, every school district in Michigan will receive at least $7,871 per student in the state’s basic foundation allowance this academic year. The annual per-student foundation allowance increase is the largest in 15 years.Michigan’s commitment to education goes well beyond the basic foundation allowance. The state also is allocating $100 million for the Marshall Plan for Talent, designed to expand and improve skilled trade career opportunities for students.“This record funding also continues the progress that has been made when focusing on Michigan’s most in-demand jobs by making sure future graduates are more than capable of filling them,” Crawford said. “Our students will have the opportunity to make Michigan’s future even brighter by bringing their experience and expertise learned in the classroom to the table.”More money will go to early literacy and special education programs this year on the heels of last year’s significant increase in funding for students who are considered at-risk either financially or academically.School safety also is a high priority with $25 million set aside statewide for grants to improve building security, plus additional resources to expand the OK2SAY school safety tip reporting system.
Categories: Albert News,News 06Dec Michigan House approves Rep. Albert’s plan helping state police retirees The state House today overwhelmingly approved Rep. Thomas Albert’s plan designed to ensure Michigan State Police retirees get their promised benefits while controlling long-term system costs.“These reforms will help troopers and taxpayers, which is a ‘win-win’ situation,” said Albert, of Lowell. “We’re another step closer to changes that will help Michigan State Police employees retire with the benefits they have been promised and have earned.”Albert worked with the Michigan State Police Troopers Association and other groups to help build support for the plan.The legislation updates state law to reflect the most recent collective bargaining agreement, helping preserve retirement benefits for troopers, sergeants, commanders and other employees. The legislation also includes significant changes to make retirement system costs more sustainable and predictable moving forward, Albert said, while preserving retirement benefits.Changes include lower payroll growth assumptions to reflect current trends, and a schedule to pay off retirement system debt by 2038, the same target date for eliminating unfunded liabilities in other state employee retirement systems. Debt will be paid off more along the lines of a fixed-rate car or home loan – a predictable system that lowers the risk of taxpayers getting stuck with unexpected, ballooning payments in later years.House Bills 6475-81 advance to the Senate for further consideration.###
Share26TweetShare14Email40 SharesBy The original uploader was Bando26 at English Wikipedia [CC BY-SA 3.0], via Wikimedia CommonsJune 28, 2016; Christian Science MonitorBefore you throw out those eggs that have passed their “best by” date, ask yourself if you know what exactly that label means. NPQ has written about the massive issue of food waste before. In the United States alone, 40 percent of food, equaling $165 billion, is thrown out or wasted, and some of that loss could have been prevented through basic education about food expiration, or a change in food labels altogether. A coalition of lawmakers, advocates, and industry groups is campaigning to clarify and “standardize” food labels through the Food Date Labeling Act, introduced by Representative Chellie Pingree (D-ME). Sen. Richard Blumenthal (D-CT) has introduced companion legislation in the Senate.“One of the most common arguments people seem to have at home is about whether or not food should be thrown out just because the date on the label has passed. It’s time to settle that argument, end the confusion and stop throwing away perfectly good food,” said Pingree.According to research in Europe and Britain cited by Food Safety News, food labels create confusion and cause about 20 percent of food waste. Food manufacturers create the labels, but, depending on the product, the labels often don’t in fact pertain to the safety of the food. Rather, they refer to the optimal taste of the product, misleading consumers into believing their food is unsafe to eat once it passes that “use by” date.According to the bill, in the United States, the labels cause up to 90 percent of individuals to throw out edible food. One consumer may understand a “best by” date as meaning a product expires after that date, while another may interpret the label as a soft cut-off point. Many consumers treat all such phrases as expiration dates.In an interview with the Christian Science Monitor, Sally Greenberg, the executive director of the advocacy group, National Consumers League, said, “Many consumers believe that…it’s a federal government label, and it’s actually a manufacturer label dealing with optimal freshness, or maybe optimal taste.” Greenberg’s group is part of the coalition supporting the act. Under the proposed legislation, this variety of verbiage would be replaced with uniform phrases on food packaging. One would be a voluntary “quality date”; the item within is “best if used by” that date, but is still acceptable for consumption afterward, even if the quality of the product has begun to deteriorate. A product would also have a “safety date” to serve as an official warning that consuming the product after this date would be harmful.Over the past several decades, food safety has become a serious concern due to the possible impact it could have on the environment. “For a while, we’ve been really focused on food safety,” said the director of the Harvard Food Law and Policy Clinic, Emily Broad Lieb. “There was a sense of, ‘When in doubt, throw it out.’ I think now we’ve woken up to this landscape of 40 percent of the food we produce in the U.S. gets thrown away.”Though some might be unnerved by increased government involvement in regulating food labels, NPQ reported that France, and, more recently, Italy, have taken an even bigger step in addressing food waste by mandating that supermarkets donate any unused food to charities. Denmark launched its first food waste supermarket, not unlike similar stores in the United States. And the “ugly fruit and vegetable” trend continues to encourage consumers and grocery stores to use imperfect produce; currently, most gets thrown away. Along with this legislation, efforts to raise awareness of the food waste issue may help us to make better use of our food supplies.—Shafaq HasanShare26TweetShare14Email40 Shares
Share46Tweet2Share40Email88 SharesNovember 16, 2016; ABC News (Associated Press)Recently, seven fifth-grade candidates found themselves in the running for Connecticut’s “kid governor” to promote student interest in government and civics. The program includes lessons about government, community engagement and community issues. California, Connecticut, and New York are revising their social studies frameworks to include civics and participatory skills. Illinois, one of a number of states with no civics requirement, recently added one. Discovering Justice recruits volunteers to help teachers run action-oriented civics projects to teach good citizenship. At Lowell High School in Massachusetts, students focused on rising Islamophobia after Muslim students were bullied. Students discovered that ignorance—lack of education—was at issue and created a plan to develop accurate information.These states, education-focused nonprofits, and schools, particularly charter schools, are attempting to prepare better-engaged citizens. Ted McConnell, executive director of the Campaign for the Civic Mission of Schools, says, “Basic civics knowledge is wanting throughout our country.” Civics education receives less attention than it did in earlier decades. What is taught in classroom is what is funded, and the advent of high-stakes testing, teaching frameworks, and the civics-deficient Common Core has seen civics education elbowed aside for STEM-related studies. Yet, the National Assessment of Progress in Education still tests students in civics in grades 4, 8, and 12. Students are assessed in civic knowledge, intellectual skills, and civic disposition.Weak civics knowledge equals weak civil political participation. In 2014, “only 23 percent of U.S. students scored as ‘proficient’ in civics,” according to the National Assessment of Educational Progress. Is this, then, an opportunity for parents to revisit the Common Core and its relationship to civic education? Some civics proponents believe that parental involvement can be problematic; apparently parents like civic education as long as it teaches their children to think as they do. “Often, teachers are scared of parents,” says John Broome of the University of Mary Washington in Fredericksburg, Virginia, whose dissertation focused on adolescent civic learning. “Teaching anything, teaching social studies, civics or not, is political.”Civics education has certainly moved into the political arena. A group of fourteen states, all with Republican governors, have instituted a mandatory one-hundred-question civics graduation test. (The goal, according to the conservative Joe Foss Civic Education Initiative, is that all fifty states adopt the test in 2017, the 230th anniversary of the U.S. Constitution.) Many believe this need for civic instruction has been apparent for years but was underscored by low voter turnout and vitriolic tone of the recent presidential race. After the results, proponents of civics and new converts want more in classrooms. But the election’s results should not drive the push for increased civics education. The process is what’s important.In its broadest definition, “civics education” means all the processes that affect people’s beliefs, commitments, capabilities, and actions as members or prospective members of communities.Civics doesn’t create Republicans. Civics doesn’t create Democrats. What it should do is to create an ongoing citizenry that is engaged, involved, and eager to participate on their terms. They participate in our democratic process by being involved, valuing and understanding our voting process and even completing the census, which is probably the most civic-minded thing citizens can do. Civics is much more than voting; there is discourse, participation, and the basic understanding that people can disagree without being disagreeable.The NAEP civics assessment defines civic dispositions as “the traits of private and public character essential to the preservation and improvement of American constitutional democracy.” It outlines five:Becoming an independent member of society;Assuming the personal, political, and economic responsibilities of a citizen;Respecting individual worth and human dignity;Participating in civic affairs in an informed, thoughtful, and effective manner; andPromoting the healthy functioning of American constitutional democracyThe goal of civics education is to create civic minded pupils, not political pupils.—Mary Frances MitchnerShare46Tweet2Share40Email88 Shares
Share8Tweet24Share2Email34 Shares“Don’t let your ethics slip” by We Are NeoOctober 11, 2017; KPCC 89.3A nonprofit fundraising tactic broadly employed for years across America has come under scrutiny in San Francisco.Southern California Public Radio-KPCC reports that the San Francisco Ethics Commission is exploring strict new limits on “behested payments,” where local elected officials partner with community-based nonprofits to raise money for their pet causes, often approaching individuals and companies that do business with local government.The proposal under consideration would bar public officials from asking any person or group to donate to a civic or charitable cause if the person or group has business before that official, according to KPCC.The story comes on the heels of recent reports of more than $31 million in donations requested and raised by Los Angeles Mayor Eric Garcetti, setting a statewide record and raising conflict of interest concerns among ethics experts. San Francisco’s proposal to restrict such payments is designed to reduce corruption and conflicts of interest, reports the station, with a penalty of $5,000 for each violation levied on the politician, but not the donor.It would be the first such regulation anywhere in California, city staff told KPCC. Government watchdogs view behested payments as a way to skirt contribution limits. Unlike campaign contributions, there’s no ceiling on behested payments, so donors can give as much as they want, buying influence and currying favor with local mayors and councilmembers, who take credit for raising money for charity.Meanwhile, local nonprofits enjoy the benefits of donations they would be unlikely to secure on their own, and many of them view the practice as a critical component of their overall fundraising strategies. With very rare exceptions, nobody questions the worthiness of the causes that reap the benefits of behested payments. It has been a common practice among nonprofit fundraisers and their political patrons for years, although it’s not well known among the general public.Many of the contributions Garcetti has solicited for the Mayor’s Fund and other causes are from companies doing business with the city, such as real estate developers and utility franchisees. These are the type of donations regulators in San Francisco are trying to ban, calling it “soft corruption.”San Francisco’s Board of Supervisors would have to approve any proposed ordinance dealing with behested payments, limiting their own fundraising. Another option would be to place the changes on the June 2018 ballot and ask voters to decide. If that measure becomes law, it will go far beyond the lax reporting requirements in Los Angeles.—Larry KaplanShare8Tweet24Share2Email34 Shares
International producer and distributor IMG Media is launching a 24-hour sports channel after striking a deal with electronics giant Panasonic Avionics Corporation.The channel – Sport 24 – will initially be available for airline passengers and cruise line passengers after the two companies inked deals with Gulf Air and Norwegian Cruise Liners.The channel will be broadcast via satellite and will air live coverage of the 2012 Summer Olympic Games, The Barclays Premier League, and Bundesliga, The Masters, The Open Championship and the Ryder Cup, Formula 1, Roland Garros and the Australian Open.Richard Wise, senior vice president, IMG Media, said: “Sport 24 will revolutionise the way passengers watch live sports on airlines and cruise ships. For the first time ever viewers will be able to enjoy the greatest sporting events live while travelling on business or holidaying abroad. Sport fans will no longer have to miss their favourite team, or event on this new dedicated sports channel.”
Qatar Telecom (Qtel) has selected service monitoring company Mariner’s IP monitoring solution, Mariner xVu.Qtel will use Mariner xVu for its Mozaic TV service, which delivers over 200 channels to 60,000 subscribers. The deal is the first for Mariner in the Middle East.Mariner said xVu offers Qtel video service monitoring of each subscriber. Statistics collected by external data sources are compiled and configured as status indicators on Mariner NetworkVu.“With this product enhancement, we can integrate with a new external data source and maximise NetworkVu’s ability to make quality assurance more cost-efficient and much less developmentally intensive,” said Curtis Howe, president and CEO of Mariner. “Probe integration is about creating greater value for the customer and bringing service-oriented monitoring to the edge network and the home.”
Channel 4’s on-demand service 4oD has launched on UK free-to-air satellite platform Freesat. The service joins BBC iPlayer, ITV Player and YouTube apps on Freesat’s
French football club Paris Saint-Germain (PSG) has partnered with Base79, which will manage the team’s video content on YouTube. Base79 – an international network for video creators, content owners and brands – will manage PSG’s YouTube content on a global and a local basis and will also support PSG’s programming strategy to “create and grow its original content.”Base79 said it will optimize PSG’s YouTube channel by maximising revenue through digital video syndication, premium international and local advertising sales, and advanced rights management of all official PSG video content on the platform.All new content will also be added in English, with the existing French-language content on the YouTube channel to also be translated into English to reach a wider international audience.“Paris Saint-Germain, like other European Football Clubs, has a global audience which wants to be able to connect with their favourite team beyond the activity on the pitch,” said Base79’s executive vice-president of international John Robson.“We have extensive experience in supporting sports brands, from creating content to growing their audience. As YouTube is the most dominant online video platform, it is an essential tool for clubs and organising bodies in football to connect with and serve their audience online; giving the fans content they’ll enjoy and want to share via the YouTube platform.”
Music video streaming service Vevo has cut a deal with internet service provider Yahoo.The content deal means Yahoo will get access to 75,000 music videos for its Yahoo Screen and omg! platforms in the UK.The UK deal follows similar agreements between Yahoo and Vevo in France, Italy and Spain.Vevo, often called the “Hulu for music videos”, is an online music platform owned by Universal Music, Sony Music and Abu Dhabi Media.
Italy’s Mediaset has criticised banks for undervaluing its Premium pay TV service amidst moves to strike a pay TV alliance with international partners. Mediaset said that any assessmenet of the profits or losses made by the Premium unit were entirely speculative, as it did not break down the income of the unit in its results, although it also said that in the absence of Premium, Mediaset would have achieved a better result in its consolidated financial statement for last year.Mediaset’s statement followed a of the Premium business by Mediobanca Securies. Mediobanca estimated the value of the unit at €300 million.The bank said that forging an alliance wth partners could be complicated by the ownership structure of Spain’s Digital+, in which Mediaset has a 22% stake. It also said that there would likely be an expensive battle for rights to Italy’s Serie A football between Premium and Sky Italia.The broadcaster said that banks had made “dated and divergent assumptions” without having access to the real numbers and that any valuation of the Premium business had to take into account the strategic value of the asset and its leadership in innovative services including streaming and video-on-demand.It has been widely reported that Mediaset is attempting to forge a pay TV alliance covering its Italian and Spanish activities with Al Jazeera and Canal+. Financial daily Il Sole 24 Ore last week reported that Mediaset had already signed a Memonrandum of Understanding with Al Jazeera, a report that was denied by the broadcaster.
Al Jazeera has started broadcasting in the DVB-T2 format and in MPEG-4 on the Boxer TV digital-terrestrial platform in Sweden as network operator Teracom begins the process of clearing the 700MHz band.Al Jazeera will broadcast in parallel in DVB-T and MPEG-4 during the transitional period ahead of the clearance of the 700MHz band in Sweden which, as in other European countries, is being cleared for mobile operators’ use.The 700MHz clearance will take place between this month and April 1 next year.The change will affect viewers of free TV as well as pay TV subscribers. The major free TV channels – SVT1, SVT2, Barnkanalen, SVT24, Kunskapskanalen, TV4 and TV6 – will not be affected and will continue to be available via legacy equipment.
Alistair ThomFreesat has launched a live audience measurement service, offering real-time viewing behaviour data about free-to-air TV audiences in the UK.The service, which is aimed at channel executives and other decision-makers, captures anonymous data from more than 100,000 connected Freesat set-top boxes, whose users have opted in to share the data.Running on an audience attribution platform developed by TVbeat, the service shows viewer behaviour across channels and programmes “to a high level of granularity”.The service can return behavioural information related to live linear, time-shifted and on-demand viewing, and can be segmented by users’ location, viewing duration and resolution.Freesat managing director, Alistair Thom, predicted the service will have a “significant and positive effect on the broadcast industry” and will benefit viewers by letting broadcasters respond to their preferences.“Ultimately this real-time, granular measurement system will help to maintain a robust free-to-air TV market in the UK,” he claimed.TVbeat founder, Robert Farazin, said: “With Freesat’s deep, raw datasets, and TVbeat’s fast and efficient platform we are able to process and contextualise data and provide insights which will be of immense value to broadcasters and programme makers both now and in the future.”
Pay TV operators can defend their revenues and continue to grow, but they need to tap into the growing demand for SVOD and cater to the tastes of ‘content connoisseurs’ – one of five ‘TV tribes’ that marketers must now address – according to research by Ampere Analysis for TV technology outfit Nagra.Despite growth in OTT TV and SVOD – subscription video-on-demand – in particular, pay TV will continue to account for the bulk of pay video revenues for the foreseeable future, according to Ampere.While cord-cutting and the rise of SVOD is particularly pronounced in North America, losses here are more than offset by high growth in emerging markets like China and India, with more mature markets in Europe and elsewhere continuing to grow but at a slower rate than previously.While the US lost 555,000 pay TV subs in Q1 this year, China gained 4.726 million and India 1.977 million, according to Ampere. Overall, global pay TV numbers are expected to top one billion by 2022, with subscription OTT crossing the 500 million threshold. Pay TV will continue for the vast bulk of pay video revenues, even though OTT revenues will grow faster.Ampere argues that pay video provider now have to target five distinct ‘TV tribes’ – ‘TV traditionalists’, ‘super spenders’, ‘broadcast bingers’, the ‘digitally detached’ and ‘content connoisseurs’ – with two, ‘content connoisseurs’ and ‘TV traditionalists’ – being of key importance.To combat the OTT threat, says Ampere, pay TV operators should look to cater to the growing base of high-spending ‘content connoisseurs’ that accounted for 24% of the market in Q1. This group comprises young, wealthy, high-spending consumers of pay TV and especially SVOD and spends an average of US$70 a month on pay video services.According to Ampere, content connoisseurs are more likely to churn from pay TV than other groups, but are still the most likely group to subscribe to pay TV services, with three quarters taking a service. They have less interest in premium sports than hardcore pay TV users.To retain this market, the analysts say, pay TV operators need to offer ‘self-stack bundles’ rather than pay TV-lite ‘skinny bundles’. Content connoisseurs, they say, want to assemble their own à la arte service “combining TV channels, multiple SVOD services, channel-branded OTT, and music streaming” and “want to tap into new services as they become available”. They also want to consume TV on multiple devices. In bad news for multi-play operators, they are typically “less likely to get tied in with a triple-play bundlesThe other key tribe for pay TV operators in this five-tribe universe are TV traditionalists, which form a bedrock of the pay TV subscriber base. For this group – middle-aged, middle-market and fans of sports – scheduled viewing remains key. TV traditionalists comprise 18% of the market and spent an average of US$60 in Q1.“Most importantly for operators, they are less likely to churn than anyone else – just 9% switched provider in the last six months, less than one third of the churn rate of content connoisseurs. Keeping this tribe happy matters to secure stable, recurring revenues,” said Ampere.Broadcast bingers – 23% – are low spenders that favour box-sets, while super spenders – 17% – are high-spending linear TV aficionados that talk about their favourite shows on social media. The digitally detached – 18% – hare hard-to-reach older consumers that have little interest in pay TV and content.
Pay TV operators globally are still seeing growth, the subscriber additions for the last quarter of 2017 exceeding growth for the same period the previous year, according to Informitv’s Multiscreen Index.The 100 leading television services in the Informitv Multiscreen Index added a total of 4.33 million television subscribers in the last quarter of 2017, compared to 3.70 million in the previous quarter and 4.03 million in the last quarter of 2016. The gain of almost 1% was slightly up on the previous six quarters, according to the research group.The Asia Pacific region led the way, adding .35 million subscribers, which is fewer than in the preceding two quarters but about the same number as in the comparable quarter a year previously.The top 10 providers in the region added 1.65 million subscribers, mostly in India. Dish TV and Videocon d2h, which have since merged, added 360,000 subscribers between them.Services in the Americas region added 480,000 subscribers, improving on a decline in the previous two quarters and bringing this region to the same level as the previous year.The top 10 services in the US gained 84,600 subscribers, largely through the contribution of the DirecTV Now online service, which added 362,000 subscribers.Satellite services grew fastest, adding 1.87 million subscribers worldwide. That is despite DirecTV losing 147,000 satellite subscribers, which was the largest loss among services in the index. The greatest gain was for Canal+ Africa, which added 658,000 subscribers, taking its total to 3.46 million. The service added 516,000 in the same quarter the previous year.The Multiscreen Index comprises 100 leading multichannel television and video services that collectively account for around 440 million subscribing homes worldwide.“Although there is a popular perception that pay television subscriber numbers are falling, they are continuing to grow worldwide at a rate of around 1% a quarter,” observed Dr William Cooper, the editor of the Informitv Multiscreen Index.“Much of the growth is in developing economies. Although average revenues are lower, there is still significant potential, with worldwide gains of around 10% forecast over the next five years.”
The largest pay TV providers in the US – representing about 95% of the market – lost 415,000 net video subscribers in the second quarter, marking their lowest combined Q2 loss since 2014.This is according to Leichtman Research, which said the subscriber losses incurred by the US operators this year compared to a larger reduction of 660,000 subscribers in Q2 2017.Gains by internet-delivered services like Sling TV and DirecTV Now and reduced losses the main US telco operators helped to bring about the improved Q2 figure.However, subscriber losses widened among cable and satellite operators year-on-year.The top six cable companies lost about 275,000 video subscribers in Q2 2018, compared to a loss about 190,000 subscribers in Q2 2017, according to the research.Satellite TV services lost about 480,000 subscribers in Q2 2018, compared to a loss of about 470,000 subscribers in Q2 2017 – the heaviest loss the US satellite TV market has incurred in any quarter.US telco providers lost about 45,000 video subscribers in Q2 2018, compared to a loss of 270,000 subscribers in Q2 2017, with AT&T U-verse reporting net video additions for the first time since Q1 2015.Internet-delivered services added about 385,000 subscribers in Q2 2018, compared to about 270,000 net additions in Q2 2017.“The two publicly reporting Internet-delivered pay TV services now have over 4 million subscribers,” said Bruce Leichtman, president and principal analyst for Leichtman Research Group.“This newer segment of the industry has helped to mitigate overall pay TV losses, while also contributing to a share shift from traditional services. This shift is both a product of consumers opting for more economical services, as well as changes in providers’ strategies.”
Linear and catch-up TV remains “by far the top medium” for global display advertising spend, despite decreasing viewing times, according to WARC’s latest Global Ad Trends report.The research claims that linear TV attracted more than US$140 billion in ad investment in 2018 across 12 key markets – more than double that of mobile internet ad spend, which came in second place at US$58 billion.WARC estimates that linear TV accounted for 41.9% of total display advertising across Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Russia, UK and US. This marks a 1.0% year-on-year increase in spend and compares to mobile internet’s 16.8% ad share.“Linear TV’s core strength is reach, and whilst daily viewing time has fallen worldwide in recent years – coinciding with the steady rise in internet penetration – advertiser demand has not diminished,” according to the report. However, it did add that “linear TV’s dominating position has been eroding since 2009, mostly at the expense of mobile.”Daily time spent viewing linear TV fell to one hour 54 minutes during the first half of 2018, down four minutes from 2017 and 21 minutes from 2012, according to WARC. This coincides with a steady rise in internet penetration.Despite this, the cost-per-thousand (CPM) price of TV ad spots increased in WARC’s key markets this year – ranging from a 14% rise in India, to a 4% rise in the US and a 1% increase in Japan.WARC’s Media Allocation Report, which draws from campaign data from over 15,000 case studies, shows that successful, high-budget campaigns invest more in TV and allocate less to digital. Globally, alcoholic drink brands and financial services companies were found to be the biggest spenders on TV advertising.“TV is a stalwart of the advertising industry, used to deliver effective brand building campaigns with positive return on investment to a mass, engaged audience,” said James McDonald, data editor, WARC.“Addressable TV will be the next stage of evolution, though the US$1 billion spent worldwide this year is a fraction of total TV investment. As live TV still accounts for the majority of daily video consumption, the lure for advertisers is leveraging consumer data to get the right message in front of the right people at the right time.”