A virtual press conference from Sound & Video Contractor

IABM NAB Conference Session Offers Statistics and Strategies Supporting Reinvention of the Industry

GLOUCESTERSHIRE, U.K. — April 9, 2013 — At the organization’s 2013 NAB Show conference session, held April 8 in Las Vegas, the IABM (International Association of Broadcasting Manufacturers) released the latest data gathered from the IABM End User Report, Industry Index, and Benchmark Report. This market intelligence on the state of the industry complemented the panel dialogue, in which executives from leading media technology supply companies discussed and debated the reinvention of the broadcast industry.

“Over recent months the growth in overall sales in the market for broadcast and media technology products and services has steadily improved to 4.7 percent per annum,” said IABM Director General Peter White, describing highlights of the new IABM data. “This is the highest annual growth rate since October 2011. However, profits are still falling in real terms and are down 12.7 percent when the latest company records are compared with those for the previous year. Total sales for the sample companies amount to more than $8.7 billion based on 46 sets of qualifying company results.”

“Aggregate operating profit-to-sales is running at 12 percent, although this masks the fact that in overall terms the small- and medium-sized businesses (SMEs) are loss-making and the profit-to-sales ratio is -2 percent. Two-thirds of the companies reporting are showing an operating profit in the past 12-month period,” added White. “Over the past four months, the growth rates of larger companies have continued to rise while those of the smaller companies have fallen sharply. In this Industry Index, large companies are growing at 5.4 percent compared with -5.4 percent (coincidentally) for the SMEs.”

Following White’s presentation of these and other key research findings, John Ive, IABM director of business development and technology, led a panel discussion among senior industry executives Brick Eksten, founder and CEO at Digital Rapids; David Ross, CEO of Ross Video; Louis Hernandez, president and CEO at Avid; and Geir Bryn-Jensen, CEO at Nevion. The four panelists addressed different aspects of the industry, from creative production through to distribution. All acknowledged that in these times of financial and technology volatility, investment decisions depend more than ever on good objective industry information and close relationships with end users. In fact, they repeated a theme heard elsewhere — that the nature of selling is moving toward long-term partnerships with customers.

Commoditization of technology also featured in the discussion. Several panelists felt this shift represents an opportunity rather than a threat; however, they agreed that business models need to change if companies are to benefit.

Moving beyond these topics, all panelists were open about their vision of the industry going forward and how they intended to respond. In short, that response involves breaking down many of the divisive approaches both within and between organizations to realize a more collaborative approach.

Further information about the IABM and its market research activities is available at www.theiabm.org.

# # #

About the IABM:
The IABM, the International Association of Broadcasting Manufacturers, is the authoritative voice of the broadcast and media technology supply industry worldwide. Its wide range of services to members encompasses market research and intelligence, expert representation at standards bodies and broadcasting unions, executive networking opportunities, and preferential purchasing. A presence at every major broadcast tradeshow, the IABM also provides a valuable channel for communication among broadcast manufacturers, government, and regulatory bodies. Additional IABM activities include awards programs for innovation and scholarships designed to stimulate the development of the broadcast and electronic media industries on an international basis. For more information, please visit www.theiabm.org.

All trademarks appearing herein are the property of their respective owners.

Photo Link: www.wallstcom.com/IABM/PeterWhite.zip

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Related Topics: News

BVE 2015: FOR-A to Present New Vision Mixer and Server
Lenny Kravitz Goes Wireless With Shure Axient®
Meyer Sound LEO Goes “Gangnam Style” with Psy in South Korea
L.O.C. FOH Mixer on Meyer Sound LEO and LYON: “Whatever Sound I Put In is Exactly What Comes Out”
Matrox at the 2015 NAB Show — Product Preview
Christie Delivers Undisputed Performance with Launch of 30,000 Lumen Christie Boxer 4K30 Projector
Christie H Series Joins Powerful and Distinguished 1DLP Roster
Vegas Dealers Can Hit the Jackpot with AV Warehouse’s HD Technology Showcase February 26 – 27 at the Las Vegas Country Club
Masque Sound Delivers a Basket Full of Sonic Goodies in Revival of Sondheim and Lapine’s Fairy Tale Inspired Musical, Into the Woods
New Clay Paky Stormy Fixtures Join Slipknot Tour


Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.


April 2013
« Mar   May »

Your Account


Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication