SeaChange posted a 1Q loss of $578K vs a profit of $3.2mln last year. Sales were down 24% to $31.5mln. The vendor warned earlier in the month that a temporary slowdown in US cable VOD spending would cause it to miss previously announced guidance. "As US cable operators begin their digital simulcast deployments and the telco deployments begin in earnest, we expect demand for VOD systems, software and services to increase significantly," CEO Bill Styslinger said. SeaChange lowered full-year rev guidance to $160mln from $190mln.

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Friday–October 24

AI Debate Heats Up Across Industry Events

Artificial intelligence was both cause for concern and excitement across media, entertainment and tech events in NYC this week. The consensus was that AI is here to stay and is rapidly changing the way we work.

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