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Tag: Cosmeo

  • Discovery Intl’s quarterly revenue up 21 %

    Discovery Intl’s quarterly revenue up 21 %

    MUMBAI: For the three months ended 31 March 2006 Discovery Communications Inc experienced a six per cent revenue growth to $443 million and three per cent operating cash flow growth to $152 million.

    Internationally, it achieved a 21 per cent revenue growth to $193 million and 35 per cent operating cash flow growth to $31 million at its International Networks division for the first quarter of 2006.

    During the first quarter, Discovery commercially launched Cosmeo, its online homework help tool.

    Net distribution revenue increased by 25 per cent due to increases in paying subscription units in Europe, Latin America and Asia, as well as the international joint venture channels combined with contractual rate increases in certain markets. Net ad revenue increased by 16 per cent primarily due to higher viewership in Europe and Latin America combined with an increased subscriber base in most markets worldwide.

    Operating expenses increased by 19 per cent due to expected increases in headcount as the business expands, particularly in the UK and Europe, combined with an increase in marketing expense associated with branding and awareness efforts, particularly in Europe, related to the Lifestyles category initiative. Operating cash flow increased as the growth in revenue outpaced the growth in operating expenses.

    The growth in revenue in the US was due to a 22 per cent increase in distribution revenue. This was partially offset by a six per cent decrease in ad revenue. Net distribution revenue increased 22 per cent as the US Networks had an 11 per cent increase in paying subscribers in the first quarter combined with contractual rate increases.

    US networks distribution revenue increases were also aided by reduced launch fee amortisation, a contra-revenue item, as certain affiliation agreements were extended. Net ad revenue decreased by six per cent, primarily due to lower advertising sell-out rates combined with lower rates at certain networks.

    Operating expenses increased by eight per cent due to an increase in programming expense as the company continued its investment across all US networks in original productions and high profile series and specials. Operating cash flow increased due to the increased revenue.

  • Discovery US launches broadband educational video service

    Discovery US launches broadband educational video service

    MUMBAI: Discovery Education a division of Discovery US has announced the launch of Cosmeo. This is a new homework help tool. Designed for a generation that lives online, Cosmeo harnesses the power of broadband and media to help kids achieve academic breakthroughs. Discovery says that Cosmeo is the only comprehensive digital library that includes easy to digest homework help, interactive learning games and more than 30,000 video clips that are correlated to grade level and state curriculum standards. The intuitive interface allows kids in grades K through 12 across the 50 states to instantly reference video clips and other learning tools for any required assignment in all key subject areas.

    Discovery founder John Hendricks says, “For more than 20 years, Discovery has been committed to providing knowledge that satisfies human curiosity across any platform. Cosmeo is the latest extension of this commitment and we believe has the potential to revolutionise how our children learn and process information today. Cosmeo will bring the world to students at the click of a mouse and will allow them to continue their learning experience at home and improve their performance at school.”

    Cosmeo is built on the success of Discovery’s united streaming service, the most widely used educational video streaming resource for schools, reaching more than 70,000 schools and teaching more than 30 million students. The award-winning service has been scientifically proven to increase student achievement. Cosmeo builds upon united streaming’s proven technology and content and engages students in a way that makes learning fun.

    Discovery US president and CEO Judith McHale says, “Cosmeo is the first educational tool to teach today’s kids in the way they learn best. This online product meets them where they’re spending most of their time and is helping to define how they learn today. Cosmeo also gives parents a terrific window into their kids’ education and the ability to participate in their progress at school like never before. We sense families across the United States will find a real benefit in, for example, the WebMath section, which offers a full spectrum of math learning — from third-grade multiplication tables to advanced calculus — with easy-to understand, step-by-step solutions.”

    The product features include:

    30,000 educational videos that make complex topics easier to understand and retain;
    Search tools that instantly locate information by subject, grade level, and keyword – something no other search engine can do;
    Over 15,000 interactive quizzes and 200 subject-related Brain Games, all supported by videos;
    20,000 high-resolution digital photos and 2,300 clip art images available for school projects;
    Digital encyclopedia with access to over 27,000 research articles, soon to be expanded;
    WebMath equation solver detailing step-by-step explanations to most math problems; and much more.

  • Discovery Communication launches online homework service

    Discovery Communication launches online homework service

    MUMBAI: Capitalizing on broadband video, Discovery Communications has launched Cosmeo, an online homework help service engineered for the twenty first century family.

    The site has been designed for the generation that lives online, Cosmeo harnesses the power of broadband and media to help kids achieve academic breakthroughs.

    In an official statement, Cosmeo is the only comprehensive digital library that includes easy to digest homework help, interactive learning games and more than 30,000 video clips that are correlated to grade level and state curriculum standards.

    The intuitive interface allows kids in grades K through 12 across the 50 states to instantly reference video clips and other learning tools for any required assignment in all key subject areas.

    For more than 20 years, Discovery has been committed to providing knowledge that satisfies human curiosity across any platform,” Discovery Communications founder and chairman John Hendricks said. “Cosmeo will bring the world to students at the click of a mouse and will allow them to continue their learning experience at home and improve their performance at school.”

    “Cosmeo is the first educational tool to teach today’s kids in the way they learn best. This online product meets them where they’re spending most of their time and is helping to define how they learn today,” said Discovery Communications president and CEO Judith A McHale.

    “Cosmeo also gives parents a terrific window into their kids’ education and the ability to participate in their progress at school like never before. We sense families across the United States will find a real benefit in, for example, the WebMath section, which offers a full spectrum of math learning — from third-grade multiplication tables to advanced calculus — with easy-to- understand, step-by-step solutions,” added McHale.

    Cosmeo’s features include:

    30,000 educational videos that make complex topics easier to understand and retain;
    Powerful search tools that instantly locate information by subject,grade level, and keyword — something no other search engine can do;

    Over 15,000 interactive quizzes and 200 subject-related Brain Games, all supported by videos;
    20,000 high-resolution digital photos and 2,300 clip art images available for school projects;
    Digital encyclopedia with access to over 27,000 research articles, soon to be expanded;

    WebMath equation solver detailing step-by-step explanations to most math problems; and much more.

    Cosmeo, tested by educators and consumers with content proven to help students with homework and learning, is available for the introductory price of $9.95 per month or $99 per year after a free 30-day trial. The standard retail price of Cosmeo is $12.95 per month or $129 per year.