Netplay gambles and loses
Netplay, the company that provides satellite and digital television services with TV interactive gaming concepts, has made a serious loss following a restructuring of the business model.
The firm restructured in order for it to compete in terrestrial TV market too, but this has come at a cost, and the company reported a net loss of £3.2 million for the first six months of the year.
At the same time, the company has seen a fall in revenues from £10.1 million to £9.3 million, a difference of 8 per cent.
However according to the Netplay’s chief executive, Martin Higginson, the restructuring was necessary for the company to be competitive in the market and in actual fact the costs are a one-off investment and so a different story is expected next time.