Feeds

Alba's Net TV dog dies expensive death

Regular TVs are selling well

  • alert
  • submit to reddit

High performance access to file storage

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

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

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.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.