Feeds

Alba's Net TV dog dies expensive death

Regular TVs are selling well

  • alert
  • submit to reddit

SANS - Survey on application security programs

Alba's draining foray into Internet television cost it £17.9 million in charges to close the venture.

The company's Bush Internet portal was folded last week into ITV Digital and Alba has ended production of all Net TVs and set-top boxes.

The charge meant Alba reported losses of £12.3 million for the six months to 30 September. Sales slipped from £170 million to £162 million because of the failure of Bush Internet TV hardware.

Alba said Bush Internet portal registered users had increased from 115,000 in early July to approximately 170,000, but it didn't think the continuing rate of increase was sufficient to bring the portal to profitability within a sensible time.

John Harris, chairman, said: "This now draws a line under the negative financial impact of Bush Internet."

In June the company said it had sold just a third of the integrated Internet-TVs it expected to shift. Only 180,000 punters, out of a forecast 500,000 coughed up for the device. The price had been cut to £99, down 33 per cent, to shift the things.

Elsewhere in Alba's consumer electronics portfolio, regular couch potato products under the Goodmans, Alba Radio and Bush Radio brands sold well in the six month period. ®

Related Story

Alba's Net TV is a dog

Top three mobile application threats

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.