Gardai smash suspected crime gang in Letterkenny

first_imgThree members of a suspected gang of Romanian crime gang have been arrested in Letterkenny.The three men, aged 24, 25 and 31, were arrested following the search of a house in Letterkenny this morning.It follows a high-level operation in recent days by members of the Garda’s serious crime unit. A large quantity of items was seized during the investigation.A Garda said the operation was “part of an ongoing investigation into a Romanian organised crime group” which is believed to also impact on the North.Among the wide range of items seized was suspected cloned credit cards, credit cards issued in false names, bank account details, false Romanian identity documents and credit card machines.Other items seized during the raid on a house in Letterkenny.Other items included till rolls and a number of suspected stolen Irish and UK passports and driving licences, along with two cars bought on finance obtained on bank accounts opened in false names, were seized. A Garda spokesman said much of the seized items relate to suspected frauds in the North, adding that officers are working with Europol and the Police Service of Northern Ireland (PSNI).The three arrested men are being detained at Letterkenny and Milford Garda stations.Gardai smash suspected crime gang in Letterkenny was last modified: April 26th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalgangraidromanianlast_img read more

Why Blockbuster’s Streaming Collapse Won’t Hurt Netflix

first_imgRelated Posts 4 Keys to a Kid-Safe App 9 Books That Make Perfect Gifts for Industry Ex… cormac foster After backing out of plans to compete with Netflix, Blockbuster is all but done. That’s not great news for the streaming-video space, and Netflix is in a rough spot. But Blockbuster’s latest stumble toward oblivion isn’t necessarily the final nail in NetFlix’ coffin.On October 4, Dish Network scrapped its plans to revamp the Blockbuster brand and launch a subscription-based streaming-only product to compete directly with Netflix. Dish ran the numbers, evaluated its options, and (correctly) assumed it didn’t have the assets to make a Netflix competitor work.That leaves Blockbuster on the ropes again, with just 900 of its former 3,300 retail stores and no clear digital strategy. But don’t assume that the math will work the same way for Netflix.The Bad News For Netflix Dish’s decision confirms what I’ve been saying for some time: the flat-rate streaming market isn’t a very profitable place. As I noted in Netflix Deathwatch over the summer: expensive bandwidth, second-rate content and strained relationships with content providers are par for the course for the entire industry.Paul Sweeting, Principal at Concurrent Media Strategies, told E-Commerce Times that “…studios have long been leery of subscription-based streaming of movies because it produces the lowest per-view/per-capita return for the rights holder of any business model, and it cannibalizes higher margin businesses like pay-per-view rentals and even purchases.” In the same article, another analyst predicted that flat-rate streaming may have only another five or six years of life.The market is obviously sick, and it needs to change.The Good News For NetflixTroubled or not, Netflix still owns the streaming video market, and that brings advantages Dish and Blockbuster couldn’t match. Most importantly, Netflix has existing content relationships that, while strained, put it in a better position than a startup.In an October 8 analyst note, Morgan Stanley’s Scott Devitt estimated that Amazon, which already has relationships with most studios, would need to spend an additional $1 billion to $1.2 billion in licensing rights to launch a similar service.If that price is too steep for Amazon, it’s probably beyond most competitors. Barriers to entry don’t validate the streaming-video business model, but they do buy time for Netflix to try to sort out its problems.In the long term, Netflix has an infrastructure advantage, since it owns its own Content Distribution Network (CDN), and its massive user base should help it secure content from overseas and underexposed independent sources. It’s also developing original content with headliners like Kevin Spacey to hedge against expiring contracts and differentiate from competitors. Netflix’s margins per customer may not be fantastic, but with all those users, it has cash to invest in programming.Eventually, though, Netflix needs to balance cheap back-catalog offerings with enough premium and custom content to create a profitable offering “good enough” to justify its prices. It also needs to keep an eye on Hulu, HBO and other content providers looking to ramp up their streaming businesses.Put it all together, and I wouldn’t want to be in Netflix’ shoes. Blockbuster’s implosion is a reminder of how tough things have gotten in Netflix’ core business, but at least Netflix still controls its own destiny.Blockbuster and Kevin Spacey images courtesy of Shutterstock. 5 Outdoor Activities for Beating Office Burnout 12 Unique Gifts for the Hard-to-Shop-for People… Tags:#Analysis#business#film#Multimedia#web last_img read more

NGT row: activists irked by State’s justification

first_imgPANAJI: Activists from the State on Saturday expressed strong displeasure at the State government’s justification for shifting the jurisdiction of the National Green Tribunal (NGT) Goa-related cases from the western zone bench in Pune to Delhi.Chief Minister Manohar Parrikar said on Friday that the State government had sought the transfer of cases to Delhi, saying that the Capital was better connected to Goa.The Ministry of Environment and Forests (MoEF) changed the jurisdiction for Goa-related cases in a notification on August 10. Activist and lawyer Aires Rodrigues said the decision had been taken with “ulterior motives”, and was a clear attempt to deny justice to the common man. Rubbishing Mr. Parrikar’s claim that the government does not have a legal set-up in Pune, Mr. Rodrigues said proceedings at the Pune bench had been running smoothly all these years.The Goa For Dabolim Only, a movement opposing a second airport in Goa led by Fr. Ermito Rebello, said the government has acted against the people who have been working to save the fragile ecology of the State.Claude Alvares, director of environmental NGO Goa Foundation, told The Hindu, “The NGT has not been set up for the government of Goa, but for the people who are concerned about the damage to the environment. Petitioners do not have the money to travel to Delhi for the hearing, and then to spend more on lawyers and logistics.” He said the Goa Foundation has also written to the NGT chairman to set up a bench in Goa. Activist Kashinath Shetye, who is one of the petitioners in several environmental cases before the NGT, has challenged the MoEF notification, claiming that the Ministry has joined hands with the Goa government to deny Goans access to the tribunal. He said doing so without hearing or notice to affected parties was arbitrary, unjust and illegal. Environmental activist Savio J.F. Correia from Vasco, who heads the Citizens Group, Goa, and Edwin Mascarenhas from Mormugao have also opposed the government’s decision. The matter is slated to come up before the Bombay High Court at Goa under a suo motu public interest litigation (PIL) on September 5. The High Court has clubbed the petitions filed by several activists, including the Federation of Rainbow Warriors, Mr. Shetye and the Goa Foundation, with the suo motu PIL.last_img read more