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Women at Work 2018

To celebrate International Women's Day on 8 March 2018 in the centenary of the partial suffrage, Women at Work 2018 promotes the goals of professional women in the UK 

Public Policy

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Brexit risks for the creative industries

Trade policy path to Brexit for the UK

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  • Apple
  • Microsoft
  • Sony
  • Media
  • Telecoms

Subscription game services will finally allow platform owners and developers to deliver truly accessible gaming experiences for all, across devices, at a lower entry price point, and curated to ensure consumer safety—both in terms of cost transparency and content types.

Consumer comfort with subscriptions should be embraced by the games industry and has already started in mobile. Apple’s Arcade subscription is the test case, providing focused all you can eat games that minimise exposure to violent gameplay, and the ‘free to play’ wild west.

Core gamers remain the most vital and profitable games customer segment, but they have been overserved and are an obstacle to broadening the reach of games. Now is the time to move beyond this group, to restructure, expand, and normalise the games market in the next decade.

  • Netflix
  • Media
  • TV

Netflix’s US business provides an insight into the patterns of the subscriber take-up of a maturing streaming service, trends that the comparatively nascent international markets may yet have ahead

Through analysis of the relationship between Netflix’s churn, subscriber additions, marketing spend and content release schedule, a clearer view of the rhythms of the streaming business become apparent

Rising churn, and correlation—such as the emphasis on returning original series during the year’s turbulent second quarter—gives guidance on Netflix’s likely future course, including its use of debt

  • BT
  • EE
  • France Telecom
  • Hutchison 3G
  • Iliad
  • O2
  • Ofcom
  • Orange
  • SFR
  • T-Mobile
  • Telecom Italia
  • Telefonica
  • Vodafone
  • Telecoms

European mobile revenues remain decidedly in decline this quarter at -2% – a slight worsening since Q2 as the full force of cuts to intra-EU calls hits 

There are signs that dual-brand strategies may be reaching their useful limit as erstwhile premium customers shift to value

There is scope for some trends to slowly improve from here, although end-of-contract notifications will impact all markets before the end of 2020, with the UK first off the blocks in Q1
 

  • DMGT
  • Johnston Press
  • Trinity Mirror
  • Media

Low-priced quality tabloid the i has been bought by DMGT for £49.6m, a 4.5x multiple on historical operating profit. The sale provides a lifeline to JPI Media as Reach has withdrawn from negotiations for the local estate

The i signals growing confidence in consumer media at DMGT after a long period rebalancing the portfolio towards B2B, and new ownership serves as an opportunity to rethink and drive the i’s online service

Although the acquisition will be reviewed by the Competition and Markets Authority (CMA), we expect the deal to pass

  • Brexit
  • Media
  • Public Policy

The polls predicting the outcome on December 12 currently imply a Conservative majority of around 18 to 100 seats, making a hung Parliament unlikely

The polls were wrong before: a 2017-sized error still yields a small working majority for Boris Johnson to get his EU withdrawal deal passed by the Commons and the UK out of the EU by the end of January and onto the FTA path

Labour had hoped for a 2017-style surge of support on the back of a big ground campaign fronted by Jeremy Corbyn, but the polls have not tightened as they did two years ago, though the party could still do well among late deciders

  • Amazon
  • Apple
  • ITV
  • Media
  • Telecoms
  • TV
  • UK Media

Amazon Channels’ aggregation of third-party streaming services enhances the consumer appeal of its wider video proposition, provides incremental revenues and increases the stickiness of the Prime shopping service

Content partners range from major players (e.g. Discovery and ITV) to the more niche (e.g. MUBI and Tastemade), who all benefit from a ready-made platform, billing relationships and a receptive subscriber base. But the revenue shares, data costs and lack of direct customer relationships remain too high a price for some

Two and a half years on from its UK launch, opportunities for live, ad-supported and bundled content are diversifying the platform, but Amazon must prioritise discovery within Prime Video to continue to flourish