MBA Urges Alignment of Standards Clear RepWarranties Framework

first_img June 20, 2013 407 Views MBA Urges Alignment of Standards, Clear Rep/Warranties Framework Agents & Brokers Attorneys & Title Companies Fannie Mae FHFA Freddie Mac Investors Lenders & Servicers Mortgage Bankers Association Service Providers 2013-06-20 Tory Barringer A new concept paper from the “”Mortgage Bankers Association””:http://mbaa.org/default.htm (MBA) calls for the alignment of underwriting standards and clear representations of warranties as a major step in secondary market reform.[IMAGE]The paper is the fourth in the group’s “”five-part series””:http://www.mbaa.org/Advocacy/Issues that lays out immediate steps the Federal Housing Finance Agency (FHFA) and the GSEs can take to “”ease the transition into a new secondary mortgage market regime.”” The final paper will be released in the coming weeks.In the paper, MBA suggests that FHFA set the parameters for acceptable underwriting criteria by both Fannie Mae and Freddie Mac and then allow them to offer credit terms within that boundary. Both enterprises should also be [COLUMN_BREAK]required to synchronize their underwriting engines by the end of the year for all mortgage terms and products offered.””If we are to have a fully functioning secondary market that provides sustainable access to credit for qualified borrowers, then the development of transparent and consistent credit underwriting standards are of the utmost importance,”” said MBA chairman Debra W. Still, CMB. In addition, MBA calls for greater clarity in both of the GSEs’ representations and warranties framework. According to the association, the new framework should hold lenders responsible for the factors they control (origination and servicing practices, for example). It should also provide a clear definition for what constitutes a material underwriting breach and should require a causal link between that breach and the loan default.Finally, the paper calls for the establishment of a performance benchmark after which representations and warranties are extinguished.””Confusion and uncertainty around representations and warranties standards continues to cause lenders to add their own overlays to the existing GSE credit standards,”” said Bill Cosgrove, CMB, vice chairman for the association. “”As a result, lenders are only offering mortgages to those with the most pristine credit for fear that any borrower default will trigger costly repurchasing requests. This is a major contributor to the tight credit environment that is holding back the housing recovery.””center_img in Secondary Market Sharelast_img read more

Read More →

LUANG PRABANG Laos – Villa Maly the scrupulously

first_imgLUANG PRABANG, Laos – Villa Maly, the scrupulously refurbished former residence of a Laotian prince and princess, opens Oct. 1 as the royal capital’s most discriminating new hotel.The 33-room boutique property is anchored by the 1938-built residence of Princess Khampieng and Prince Khamtan, a grandson of the 19th century’s King Zakarine. The residence is located in a neighborhood of garden homes that was once a royal enclave and today ranks as one of Luang Prabang’s most exclusive development zones.“The pulse of history beats firmly in this grand old residence,” said Eric Merlin, CEO of the hotel’s owner, the Apple Tree Group. “We’ve honored the provenance of this old home by calling in one of Indochina ’s foremost interior designers to creatively reinterpret Maly as a hotel that feels more like a residence.”To manage the transition, Eric Verschelden moved from Saigon to Luang Prabang for on-site development work that lasted more than a year. Around the anchoring historic home, now known as Plumeria (frangipani), he grouped six, additional buildings – each as intimate and comfortable as the annexes of a family compound.Like Verschelden’s favorite European hotels, each room will stand as an individual testament to continental aesthetics that reigned in the 1930s and 1940s. The style trades on a melding of familiar, classic lines and the panache of vibrant tropical colors and appeal.“Above all, we’ve strived for a singular, contemplative experience that aspires to great durability,” said Verschelden. “We’ve imagined Villa Maly as the place Hemingway would have stayed had he journeyed to Luang Prabang, or Marguerite Duras. We’ve got great literary ambitions.”At the entrance, a stylized jasmine lotus bloom serves as both a fountain and a harbinger of the profuse gardens cultivated about the compound. Each of the buildings are named for a flower — Plumeria, Lotus, Heliconia, Hibiscus, Passiflore, Gardenia, Amarante, Orchide.The royal family’s pool remains in its original location, imagined anew with alternating swaths of black and white mosaic tile and framed by an exquisite deck of tropical hardwood.Verschelden designed the furnishings for each of the rooms and sourced their construction at his own shop in Vietnam .“The idea was to create a hotel that defies labeling,” he said. “It’s not merely colonial, or merely art deco, or merely tropical Asian. It’s more distinctive, a place we hope our guests won’t confuse with any other place they’ve ever stayed.”The bathrooms’ walls and floors, surfaced in squares of black slate, provide a dramatic counterpoint to the softer tones of the rooms. The mouths of big bellied jars hold the sinks against boldly colored consoles for mirrors and fixtures.The hotel features four classes of rooms, with the 28 superior rooms and five deluxe rooms giving up views of either the pool or garden. The amenities cater to very sophisticated expectations. Flat screen TVs and WiFi connections are de rigueur in every room.Outside, Le Café sprawls across a commodious wooden terrace, shaded by a great awning, and features dishes rooted in both Laos and Europe . Le Bar is the hotel’s complement for beverages.In Plumeria, Le Salon features a range of beauty treatments, including pedicures, manicures and hair dressing.The hotel’s distinctive character merges effortlessly into this singular city and a country that the New York Times called out as the hottest travel destination for 2008. As the residence of a notable colonial era official, the hotel’s appeal extends beyond its exquisite aesthetics to the historical.The historic home, Plumeria, was built in 1938 for His Royal Highness Khamtan (1909-1968) and Princess Khampieng (1911 – 1994). The royal couple raised four children in the house while Khamtan served as prefect of the provinces of Vientiane , Luang Prabang and Sayabouri. He died in a plane crash; his wife lived in the house until her death.ABOUT THE APPLE TREE GROUPVilla Maly is owned and operated by the Apple Tree Group, a French-owned, Ho Chi Minh City-based company with interests in tourism and hospitality, real estate and construction and import and distribution all over Southeast Asia . Its hospitality properties also include La Residence Hotel & Spa in Hue , Emeraude Classic Cruises on Halong Bay and the Press Club in Hanoi , as well as the Kamu Lodge on the Mekong River near Luang Prabang.For room reservations, contact Villa Maly at (85 6) 7 253 902 /3/4 or resa@villa-maly.comlast_img read more

Read More →

Rep Hughes legislation allows retired teachers to return to classroom

first_img05Mar Rep. Hughes legislation allows retired teachers to return to classroom Categories: Hughes News,News Tags: #SB center_img Legislation sponsored by state Rep. Holly Hughes, R-Montague, allowing retired teachers to return to the classroom to substitute teach in the districts that they retired from has been passed by the Michigan House of Representatives.House Bill 4059 allows school districts to re-hire retired teachers in “critical shortage” subjects, as well for temporary substitute teaching jobs, while giving teachers the ability to earn up to one-third of their retirement pay without losing their pension or health care benefits.  The legislation was needed because a similar law authored by Hughes in her first term expired July 1, 2014.“Our children deserve to be taught by the best and brightest each day, and when a teacher is out sick, or when a district has difficulty finding a permanent teacher to fill these critical subjects, at times, our kids’ education can suffer,” said Hughes.  “Retired teachers know the material, know the schools, and in many cases, know the kids, so to prevent them from assisting our districts in a time of need just doesn’t make sense.”The legislation garnered wide support from various stakeholders as it worked its way through the House of Representatives.  It passed the House 108-2.It now goes to the Michigan Senate for further consideration.#####last_img read more

Read More →

Rep Sheppard releases December indistrict meeting schedule

first_img29Nov Rep. Sheppard releases December in-district meeting schedule State Rep. Jason Sheppard, R-Temperance, invites residents of the 56th House District to meet with him during one of three informal meetings scheduled this month.“I enjoy having these opportunities to meet face-to-face with residents and answer any questions they might have about state government,” Rep. Sheppard said. “Hearing about the things that matter to people here in Monroe County helps me do a better job representing our district in Lansing.”The times and locations are as follows:Friday, Dec. 2, from 7:30 to 8:30 a.m. at Tim Horton’s, 107 Cabelas Blvd. E. in Dundee.Monday, Dec. 5, from 8:30 to 9:30 a.m. at Dena’s Family Restaurant, 15391 S. Dixie Highway in Monroe.Monday, Dec. 12, from 7:30 to 8:30 a.m. at Gander’s Family Restaurant, 4219 Luna Pier Road in Luna Pier.For those unable to attend, Rep. Sheppard’s legislative office can be reached at any time by phone at (517) 373-2617, by email at JasonSheppard@house.mi.gov and online at RepJasonSheppard.com.### Categories: Sheppard Newslast_img read more

Read More →

House committee approves Rep Whiteford special education bill

first_img Categories: News,Whiteford News 30Mar House committee approves Rep. Whiteford special education bill Legislation sponsored by state Rep. Mary Whiteford to allow intermediate school districts (ISDs) to hire the best-qualified special education teachers was approved today by the House Education Reform Committee.Current law requires ISDs to give preferential treatment during the hiring process to candidates who were previously employed as special education teachers with another school district or state agency.“What’s best for education as a whole is hiring teachers with outstanding abilities, not necessarily the candidates who previously worked for another school district,” said Whiteford, of Casco Township. “This legislation will allow our ISDs to do what’s best for the students in these programs and empower our schools to make local decisions and not be limited by senseless regulations.”Whiteford’s legislation was supported by testimony from Allegan Area Educational Service Agency Superintendent William Brown during the committee’s Feb. 23 meeting.House Bill 4166 advances to the House for consideration.#####last_img read more

Read More →

Rep Calley welcomes Delton Kellogg High School Marching Band to state Capitol

first_img Categories: Calley News State Rep. Julie Calley welcomed 50 students and their families to the Capitol to celebrate their recent trip to Honolulu, Hawaii, where they marched in the Pearl Harbor Memorial Parade on Dec. 7, 2017.The Delton Kellogg High School Marching Band was selected after receiving recommendations from various state and local music educators to perform in the Pearl Harbor remembrance ceremony. They were one of two bands selected from the state of Michigan. The band raised nearly $85,000 from donations and hosted eight events around their community.After touring the Capitol, the students were honored on the House floor by Rep. Calley, met with the director of the Michigan Veterans Affairs Agency, James Redford and Senator Mike Nofs of Battle Creek.“This group has participated in many local events geared toward veterans,” Rep. Calley said. “I am confident their service in the Pearl Harbor Parade will impact them for years to come.” 22Mar Rep. Calley welcomes Delton Kellogg High School Marching Band to state Capitollast_img read more

Read More →

Rep Coles plan to prioritize asset management for roads signed into law

first_img Legislation introduced by state Rep. Triston Cole to help determine how to best spend available money on roads, bridges and other parts of the transportation system has been signed into law.Cole’s plan calls for the Transportation Asset Management Council (TAMC) to be moved to the Michigan Infrastructure Council. The goal is to revitalize the state’s crumbling infrastructure.“The Michigan Infrastructure Council prioritizes roads and determines how to best spend available money on roads and bridges. This is a unified plan that is a step forward in fixing Michigan’s transportation system,” said Cole, of Mancelona. “Additionally, TAMC requires an inventory of what assets each area has to ensure the work being done includes any aging unseen infrastructure.”House Bill 5408 is now Public Act 325 of 2018.### Categories: Cole News,News 03Jul Rep. Cole’s plan to prioritize asset management for roads signed into lawlast_img read more

Read More →

Rep Whiteford to sit down with local residents

first_imgState Rep. Mary Whiteford invites local residents to join her for local office hours on Monday, Oct. 15.Office hours are an opportunity for people to address the representative face-to-face with any questions or concerns about state government.“I have so much respect for the people of Allegan County, and I am humbled that they selected me as their representation in Lansing,” said Whiteford, of Casco Township. “It is my responsibility to listen to their concerns, and help find solutions. I look forward to yet another opportunity to do so.”Meetings will take place at the following times and locations:9:30 to 10:30 a.m. at Saugatuck City Hall, located at 102 Butler St. in Saugatuck11:30 a.m. to 12:30 p.m. at Fennville District Library, 400 W. Main St. in Fennville5:30 to 6:30 p.m. at Otsego City Hall, 117 E. Orleans St. in OtsegoNo appointments are necessary to attend office hours. If you are unable to attend, but would still like to share thoughts or ideas with the representative, please contact her office at (517) 373-0836 or MaryWhiteford@House.MI.gov.### 27Sep Rep. Whiteford to sit down with local residents Categories: Whiteford Newslast_img read more

Read More →

Rep Webber House approves plan to help preserve jobs in Oakland County

first_img With strong bipartisan support, the state House today approved a plan sponsored by Rep. Michael Webber helping preserve jobs in Oakland County and elsewhere in Michigan.The bipartisan plan would allow Tenneco to keep Michigan Economic Growth Authority credits originally awarded to Federal-Mogul to keep jobs within the state. Tenneco finalized a deal to acquire Federal-Mogul in 2018, and transferring the credits will help the company preserve employment without any additional costs to taxpayers.“This is the smart thing to do for Michigan, its economy and its taxpayers – and it’s particularly important for Oakland County, since the company has a large presence here in Southfield,” Webber said.“Companies change hands,” said Webber, of Rochester Hills. “It’s just a reality in this day and age. This plan reflects that reality while protecting taxpayers and making sure the Legislature has proper oversight moving forward.”Tenneco has retained Federal-Mogul’s Michigan-based jobs, so the company should be able to claim the existing MEGA credit connected to those jobs, according to Webber.“Oakland County is grateful to the Michigan House of Representatives, especially Reps. Michael Webber and Jason Sheppard, for approving legislation to restore Federal-Mogul’s tax credits following the iconic auto supplier’s purchase by Tenneco,” said Mike McCready, deputy director of Oakland County’s Department of Economic Development & Community Affairs. “They are saving hundreds of jobs across the state of Michigan today.”The MEGA credit involved in this legislation is capped at $12 million. Webber’s bill specifically ensures the tax credit can’t be amended to last longer or cost more – an important protection for taxpayers.The legislation applies only to the Tenneco case. The Legislature will maintain oversight on a case-by-case basis moving forward, because each company acquisition is unique.Webber sponsors House Bill 4190 in the package. His bill – along with House Bills 4189 and 4191– now advance to the Senate for further consideration. ### 22May Rep. Webber: House approves plan to help preserve jobs in Oakland Countycenter_img Categories: News,Webber Newslast_img read more

Read More →

Shocking Chart Reveals Precipitous Increase in State Abortion Restrictions

first_imgShareTweetShareEmail0 Shares January 2, 2014; Washington PostAnyone watching the reproductive rights field over the last year knows that the battleground has been largely in the states, but now we have a graphic exhibition of how true that is. NPQ has covered this in several newswires over the past year, as seen here and here. Using information compiled at the Guttmacher Institute, the Washington Post’s “WonkBlog” published a chart yesterday revealing the sharp increase over the past three years in state-based restrictions on abortions. In fact, more restrictions were added over that period than in the entire previous decade.According to this data, in 2013, 70 laws aimed at tightening abortion laws were passed in 22 states, making that year second only to 2011 in terms of new abortion restrictions. In fact, as many of these restrictive measures were passed in the last three years as were passed in the entire decade before that. —Ruth McCambridge  ShareTweetShareEmail0 Shareslast_img read more

Read More →

States and the Work of Healthcare Navigators Making It as Difficult as

first_imgShareTweetShareEmail0 SharesApril 2014; California HealthCare FoundationThe conservatives who dislike government regulation and usually fight against government licensing apparently love regulation and licensing when it comes to the navigators who help people access health insurance on state and federal health exchanges. Although the first year of Affordable Care Act enrollments has come to a close, state legislatures are taking all sorts of aim at reining in healthcare navigators beyond the standards included within the federal regulation.The examples are endless. The Georgia assembly recently passed legislation that would end the University of Georgia Health Navigators program by making it illegal for employees of state-funded institutes to use state funds for navigator services in the healthcare exchange. According to David Bradford, a public policy professor at the university, the legislation would even prevent any state entity, specifically mentioning the University of Georgia system, from applying for funding to evaluate how the exchanges are working. Although there are some differences between the assembly bill and the one passed by the state, with Republicans dominating both chambers and a Republican governor, it seems unlikely that Georgia will walk this back.Pennsylvania legislators are considering additional restrictions on the navigators. One of the sponsors of the pending legislation, State Senator John Eichelberger, issued a memorandum explaining his concern that navigators were likely to give incorrect information about insurance plans, inaccurately tabulate incomes to see if consumers qualified for subsidies, and violate consumers’ privacy. Republicans, who are unlikely to favor much regulation, relying on the self-correcting mechanisms of the market and the judgments of consumers, seem to be energetic in Pennsylvania, Arizona, and other states in promoting consumer protection regulation to guard against insufficiently monitored and regulated navigators.There is a problem with the functions of navigators, but it doesn’t appear to be one of insufficient regulation or oversight. As NPQ pointed out, when the navigators grants were first announced by the White House, they were very late in the process, only several weeks before the start-up of the federal and state exchanges, followed by an even later distribution of training materials by the Department of Health and Human Services. Immediately upon the announcement of the navigators grants, congressional Republicans and some state attorneys general announced investigations of the navigators, forcing them to spend time and effort defending themselves before they had even done anything. Add to that the mess of the exchange websites, and it is nothing short of extraordinary that the navigators accomplished what they did in helping millions sign up for health insurance.A study by the California HealthCare Foundation earlier this year documented the problems of both consumers and navigators. Not only did consumers and navigators struggle with the websites, but they also struggled with the complexity of the offerings and the documentation. Clearly California’s navigators could have benefitted from more training, but the Affordable Care Act process, including state programs such as Covered California and the various state Medicaid programs, was a compilation of complexity, much of it required by the Rube Goldberg legislation that made it through Congress.“I think we oversold simplicity,” Frank Mecca, executive director of the County Welfare Directors Association of California, said. “As it turns out, it is not as simple as we thought.” In truth, Mecca, his colleagues, and the navigators were presented with a program of stunning complexity and told to make it work.The California study seems to have been misreported in the press to some extent. A look at the findings of the actual study reveals the following:Most people were relieved to have gotten health insurance.Many people had significant gaps in knowledge even after they had enrolled—just like most consumers dealing with the arcane, almost uninterpretable world of insurance, health or otherwise.People “with fluctuating income or who receive payments in cash had difficulty figuring out future earnings or averaging their incomes”—nothing at all surprising about that.Choosing a plan was difficult, weighing premiums, deductibles, copays, and total out of pocket costs—again, not surprising.Applicants found documentation requirements challenging, especially for Medi-Cal applicants who had to provide proof of income, proof of residence, and immigration information.Consumers had mixed experiences with the state’s call center.Latino applicants had specific fears about whether they would face problems with their immigration status, and they were frightened by rumors that enrolling in Medi-Cal would mean the loss of their homes.Vietnamese- and Mandarin-speaking applicants were not able to use the online applications and often had to rely on English-speaking family members and friends for help.“Counselors” felt that they could have benefitted from more training and were concerned about their limited abilities to help Medi-Cal applicants.The report’s recommended solutions were all common sense: better communications with consumers, improvements to the Covered California website, more outreach and education, and more support for the counselors, navigators, and even insurance agents.This all adds up to the following: efforts that were nothing less than heroic by navigators, other counselors, and insurance agents to make a complex program work; specific challenges and obstacles for lower-income consumers who had to deal with the specific issues of Medi-Cal (Medicaid); and revelations that had the ACA not been legislated into virtual impossibility, the nation would have had a much easier time extending health insurance coverage to the millions of people in need.—Rick CohenShareTweetShareEmail0 Shareslast_img read more

Read More →

Legal Representation in Housing Court Gaining Traction as Evictions Abound

first_imgShare14TweetShareEmail14 SharesSeptember 13, 2016; NextCityMatthew Desmond’s book Evicted has stirred a new awareness of the problem of eviction. Since most journalists and scholars have never had firsthand experiences with eviction, the revelations of Desmond’s book opened new eyes to the downward spiral of low-income tenants from rent burden to substandard conditions toward homelessness. But Desmond’s prescriptions for how to address this social need have still received less attention than they deserve.Making housing subsidies a universal need-based entitlement was remedy number one in Desmond’s book. NPQ addressed the need for universal housing subsidies in an article from its nonprofit newswire, “Why Aren’t Housing Vouchers Like Food Stamps?” Recently, there’s been some attention to Desmond’s second prescription: universal representation in eviction court. A story in NextCity highlights some of the progress being made in providing legal support to tenants in NYC housing court.“More New Yorkers Facing Eviction Are Getting Lawyers” describes how, with City of New York support, 27 percent of tenants in New York’s Housing Court now have legal representation, up from one percent just a year before. NYC City Council is also considering a bill to guarantee legal representation for all tenants in Housing Court. How can NYC afford to pay $3,000 for each tenant that gets representation? It turns out that keeping tenants in housing is cheaper than supporting them in the homeless system.No matter how simple or complex a case may be, here’s a factor to keep in mind: While the city might pay $3,000 for representation that keeps a family in their existing apartment, if instead they’re evicted and end up cycling in and out of homeless shelters, that same family might cost the city more than $43,000 per year, according to a study by the Right to Counsel Coalition.NPQ’s stories on the Baltimore Rent Court and on eviction reform highlighted the fact that eviction court is designed by and for landlords’ attorneys. Tenants who naively believe they will have a chance to raise a defense or offer an explanation for nonpayment are often disappointed when a magistrate declares “writ to issue” and a smiling attorney moves to the next case. Without representation, few tenants have an opportunity to present evidence in the form of documents and witnesses because they don’t know how courts work. One especially pernicious practice is the “hallway agreement” where the landlord’s attorney tells the tenant, “Give me the money and you won’t have to appear in front of the judge”—then dismisses the tenant and gets a default judgment for possession and a claim for money damages. Magistrates who attend the same Bar Association meetings and social events as the landlords’ attorneys often have little in common with unpolished witnesses often accompanied by children.NYC is not the only place considering expansion of civil representation at the point of eviction. “D.C. Bar Foundation Funds New Project To Provide Counsel To Tenants In Subsidized Housing” tells how Washington is getting new resources to address eviction representation.While these innovations are promising, the problem of eviction continues to grow. At a meeting of the Cuyahoga Affordable Housing Alliance last week, a representative of Cleveland’s Housing Court told the group of advocates that there was a dramatic upsurge of eviction filings in 2016. Advocates told him that there was a similar upsurge in families turning up at homeless shelters. One day later, the Columbus Dispatch ran a story about the Licking County Court’s upsurge in eviction activity under the title, “Evictions still on rise in Licking County despite recovery.” An informal poll of legal services attorneys on the Housing Justice Network is beginning to gather data on evictions per capita, per household, and per renter household from Metro areas around the country.—Spencer WellsShare14TweetShareEmail14 Shareslast_img read more

Read More →

BBC Worldwides linear channels portfolio is under

first_imgBBC Worldwide’s linear channels portfolio is under scrutiny as new CEO Tim Davie looks to focus the business and exploit its premium programming catalogue – without struggling with “mid-tier” offerings.Speaking at the FT Digital Media conference this morning, Davie defended brands like BBC Earth, but said there were “other offers further down in the middle ground” where BBC Worldwide would have to “make some choices.”“I’m not going to struggle with propositions that are in the mid-tier that really aren’t match-fit. We’ve got a brilliant business selling to other channels. I think you’re going to see us make more clear choices in that,” said Davie.Though he did not give details about which particular channels or territories he was referring to, as he is “only three weeks in the job”, Davie stressed that BBC Worldwide’s channels have “really got to pass muster.”“You can’t say ‘I wish it passed muster.’ If in the sales presentation you’re peddling a little hard, I would suggest you’re in deep trouble. You have to actually believe it…[or] the audience are going to be brutal with you.”On the plus side, he argued that BBC Earth, which draws from the BBC’s rich Natural History catalogue is a “credible offer” that can also include merchandising and live event tie-ins. He also praised Worldwide’s recent deal with Foxtel in Australia for a new premium channel, which he said would have “high-end, top-end content.”Outlining his overall strategy for BBC Worldwide, Davie said that he wanted to focus the business, arguing that its recent restructure along geographic lines was the “best way of exploiting the ideas within our business.”“I wanted to really take a look at the business immediately when I came in and said ‘let’s focus’. What are the brands, what are things we need to do, and be slightly less drawn-in to more divergent activities, which I actually think aren’t the route to sustainable growth. Short-term you might make a turnover, but that’s not my style,” said Davie.He said that in a world that now includes OTT offerings like Netflix, content owners have more possibilities and options and argued that the BBC’s core programming brands were still “massively under-exploited” on the global stage.“As someone who has got a brilliant unparalleled catalogue of high-end content, outside the UK I can essentially make some choices with a view to maximise revenue for the UK license fee payer and build the BBC brand. I’ve never had a better queue of people that want that content. Now there is a balance between the windowing, the exclusivity and where do I extract most value from that. There’s not one size fits all.”last_img read more

Read More →

BBC Three controller Zai Bennett is leaving the UK

first_imgBBC Three controller Zai Bennett is leaving the UK pubcaster to become director of Sky Atlantic.The news comes after the BBC announced that youth-skewing BBC Three will move to an online-only service.Bennett joined the BBC in 2011 and as boss of youth-skewed BBC Three has overseen shows including The Call Centre, Life And Death Row, Tough Young Teachers and comedy show Bad Education.Bennett said this morning: “I’ve hugely enjoyed working at BBC Three, but this felt like an opportunity I couldn’t turn down. I leave BBC Three on top form with its highest ever viewing share and six nominations at this year’s BAFTAs. I will miss working with the outstanding channel and commissioning teams, the BBC is lucky to be home to some of the most creative and inspiring people in television and it’s been a privilege to learn from them in my time here.”BBC director of television, Danny Cohen, added: “Zai has been a fantastic controller of BBC Three and has led the channel to great success, in terms of quality, awards and audience performance. He’s a true gentleman and I will miss working with him.”The BBC said in March it will transition linear channel BBC Three to an online service subject to approval from the Trust that governs its activities. This immediately posed questions over Bennett’s future and he later wrote that the move was “slightly perverse” in an article for UK newspaper The Guardian.Danny Cohen also admitted the linear future of arts and culture BBC Four cannot be guaranteed.Meanwhile, Sky has been aggressively ramping up its line-up of original programming for Sky Atlantic and its other in-house entertainment channels. Recent Sky Atlantic commissions include comedy drama Mr Sloane and Sky recently inked a comedy codevelopment pact with FX Networks.Former Sky Atlantic boss Elaine Pyke left last year to join New Pictures, the All3Media-backed indie producer set up by Company Pictures cofounder Charlie Pattinson.Julia Barry has been overseeing the network as acting channel director since Pyke departure, but a Sky Atlantic spokesman told DTVE’s sister title TBI that she will return to Sky’s marketing division when Bennett takes up the director post.last_img read more

Read More →

Sky Deutschland reported strong customer growth an

first_imgSky Deutschland reported strong customer growth and record retention levels in Q1, but said its EBITDA earnings slid to negative €8.6 million.The results come after Sky Deutschland reported positive full year EBITDA for the first time in 2013 in its last earnings call, though it said that it expects to repeat this in full-year 2014, with EBITDA expected to fall in the range of €70m to €90m, supported by a “continued strong increase” in total revenues.Sky’s subscriber base increased by 64,000 year-on-year in the quarter, reaching a total of 3.73 million at the end of March. Gross additions were 145,000, which Sky said reflected the expanding underlying demand for Sky’s products. Meanwhile quarterly annualised churn rate decreasing to 8.8% – the lowest in the company’s history.“We had a strong start to 2014. Never before has Sky seen higher levels of customer loyalty. With solid gross additions, churn rates at record lows and a steadily growing number of customers across all product categories, we have clearly shown the increasing appeal of our outstanding entertainment offering,” said Sky Deutschland CEO Brian Sullivan.Sky finished the quarter with 2.11 million Premium HD customers and 1.58 million Sky+ customers. Some 443,000 also subscribed to a second smartcard.In terms of online offerings, Sky said that the number of customer sessions for Sky Go grew significantly by 58% to reach 24 million over Q1 2014.Total revenues grew by 16% year-on-year to €421 million, driven by higher subscription numbers and revenues. However, costs rose year-on-year to €429 million due to Bundesliga rights costs. EBITDA for the quarter was negative €8.6 million, compared to positive €5.8 million for the same quarter last year, while net income for the first quarter amounted to negative €53 million.last_img read more

Read More →

ViaccessOrca will give a technical presentation o

first_imgViaccess-Orca will give a technical presentation on ‘Architectures and Protocols Powering Illegal Content Streaming Over the Internet’ at IBC this year. Executive vice-president of marketing, products, and security, David Leporini, will give the presentation in the Emerald Room at the RAI on September 10, at 11:00.“In today’s OTT multiscreen world, content service providers are challenged when it comes to ensuring maximum viewer engagement on a wide range of devices while protecting premium content. Big data has become instrumental in helping service providers address these important market issues,” said Leporini.The talk is designed to give insights into pirate content platforms, covering the various architectures and protocols used in this context.Leporini will also talk on a panel discussion titled ‘What Can ‘Big Data’ Offer to Content Everywhere?’ at the IBC Content Everywhere hub on September 13 at 13:00.Elsewhere at IBC, Viaccess-Orca will host two panels at its stand, the first on the topic of cloud TV, the second on security.Viaccess-Orca will exhibit at IBC on stand 1.A51last_img read more

Read More →

Some 63 of people said contentled marketing is a

first_imgSome 63% of people said content-led marketing is an innovative way for advertisers to reach audiences, according to new research by the BBC.BBC StoryWorks, the content marketing arm of BBC Advertising, found that well executed and clearly labelled content-led marketing is considered trusted and persuasive in “quality environments”, and has a powerful emotional impact for the brands involved.‘The Science of Engagement’ study said that exposure to content-led marketing can significantly improve consumers’ positivity towards the advertising brands, with a 77% increase in explicit positivity between pre- and post-exposure.Exposure to this sort of marketing was also found to lead to a 14% increase in subconscious positivity.“In a time when advertisers’ are increasing their spending on content-led marketing, it is important that they also feel confident in its effectiveness, and understand the significant positive impact this kind of content has on their brand,” said Richard Pattinson, SVP content, BBC Advertising and Head of BBC StoryWorks.“We believe that this study will enhance advertisers understanding and confidence in these campaigns, and in the value of high quality content-marketing delivered in premium environments.”The research included a sample of 5,153 digital consumers of English language international news across six markets – Australia, Hong Kong, Singapore, USA, Canada and Germany.last_img read more

Read More →

Cable telecom and content investor Altice is to g

first_imgCable, telecom and content investor Altice is to group its audiovisual media units, which include news channel BFM TV, in a single building in the XV arrondissement of Paris, near other media groups including TF1 and France Télévisions, according to a report in French news magazine L’Express, which is owned by the group.Altice recently teamed up with media entrepreneur Alain Weill to acquire Weill’s NextRadioTV group, which owns news channel BFM TV, thematic channel RMC Découverte, and radio services RMC and BFM Business, with an option to take full control of this media group in 2019.Altice also owns thematic channels Vivolta, Shorts TV and Kombat Sport and thematic channel provider MCS group, which produces Ma Chaîne Sport and its international offshoot, extreme sports channel MCS Extreme, wellbeing channel MCS Bien-étre, MCS Tennis, and lifestyle channels MCS Fashion and MCS Maison.The group also owns the rights to air English Premier League football in France, while its telecom unit SFR recently launched subscription video-on-demand service Zive.last_img read more

Read More →

Last years Content Innovation Awards winners in C

first_imgLast year’s Content Innovation Awards winners in CannesDigital TV Europe and TBI have unveiled the shortlist for this year’s Content Innovation Awards, with entries from a wide range of top-tier pay TV operators, content companies and technology providers competing for the top honours across 18 awards categories.New categories this year include Advanced TV Innovation of the Year, Most Innovative Digital Project, OTT Initiative of the Year, UHD Initiative of the Year, the Millennials Award and Virtual Reality Initiative of the Year.Following the success of the inaugural Content Innovation Awards in 2015, this year’s event, which Digital TV Europe is hosting in partnership with our sister title, TBI, will be even bigger and better, celebrating the most impressive innovations in TV content creation, distribution and technology over the past year.The awards ceremony will take place on Sunday October 16, 2016 at the Carlton Hotel’s Grand Salon in Cannes.To view the full shortlist for the 2016 awards, click here.last_img read more

Read More →

Sky Sports has signed a fouryear deal with Englan

first_imgSky Sports has signed a four-year deal with England Netball to secure rights to live Netball matches, including both domestic and international games.Every netball match shown on Sky this season will be available on Sky Sports Mix, beginning with England’s series against Jamaica later this month.The channel, which Sky recently launched with the aim of bringing a range of different sports to a family audience, will show matches of the England Roses and all matches from the Vitality Netball Superleague. In addition to international and Superleague netball, Sky Sports will broadcast every game from the yearly Quad Series.Barney Francis, Sky Sports managing director, said: “Sky Sports is getting behind netball like never before. Over the past few years netball has been a huge hit with our viewers and it is fantastic that more people than ever before will be able to watch it on Mix. Sky is an unrivalled supporter of women in sport and we really recognise what an important time this is for women’s sport.”Tracey Neville, England Netball coach said: “The four-year agreement builds on the previous success of Sky’s coverage of the Vitality Netball Superleague, in which fans watched Surrey Storm lift the trophy last season in dramatic fashion. Viewers can look forward to following their local team in the Superleague with matches being shown regularly throughout the season, alongside exclusive coverage of the semi-finals and Grand Final. Sky’s coverage begins on 18 February.”last_img read more

Read More →