Tv Business

App developer Shazam gets $40m backing from Carlos Slim

Smartphone app developer Shazam has found an unlikely ally in the form of Carlos Slim, one of the world's richest men, who is investing USD 40 million to back the development of the start-up best known for helping music fans identify catchy songs.

Reliance Broadcast Network posts Q1 net loss at Rs 28.70 cr

Reliance Broadcast Network Ltd (RBNL) today said it has narrowed its consolidated net loss to Rs 28.70 crore for the quarter ended June 30, 2012.

Panasonic loss balloons for record red ink

Panasonic's January-March losses ballooned 10-fold to USD 5 billion, completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.

Sony shares at near 32-year lows on strategy doubts

Shares in Sony Corp slumped more than 7% to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in the smartphone market against Apple Inc and Samsung Electronics.

For ads, TV might work as well as your iPad: Martin Sorrell

In an exciting new episode of Storyboard, CNBC-TV18's Anuradha SenGupta has a tête-à-tête with Martin Sorrell of WPP post the gala at Cannes Lions 2011.

Philips divests TV biz as Q1 net profit disappoints

Dutch consumer electronics giant Philips Electronics on Monday said it would divest its struggling television business as first-quarter net profit came in below expectations.