KVH Industries Inc
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Information Technology : Communications Equipment | Small Cap Blend
Company profile

KVH Industries, Inc. is a manufacturer of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Company also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure customers in the maritime, hotel and retail markets. It operates in two geographic segments, in the mobile communications, navigation and guidance and stabilization equipment industry. The Company develops and distributes training films and e-learning computer-based training courses to commercial maritime customers. It is also a manufacturer of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. It designs, develops, manufactures and markets mobile communications products and services for the marine and land mobile markets, and navigation, guidance and stabilization products for both the commercial and defense markets.

Closing Price
$9.76
Day's Change
-1.05 (-9.71%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.71
Day's Low
9.76
Volume
(Heavy Day)
Volume:
35,788

10-day average volume:
27,013
35,788

CEOs are switching between industries 4 times as much due to blurring of skills

5:38 am ET February 13, 2020 (MarketWatch)
Print

By Rupert Steiner

The number of chief executives switching between industries has quadrupled over five years.

New data shows a blurring of skills has prompted a 45% increase in executives moving between sectors from 2015 to 2019.

Global Executive Search firm SRI claims eight of 20 of the largest global sports leagues have cross-industry CEOs in its Convergence Trailblazers report published on Tuesday.

Read:19 NBA teams have now sold ad space on their jerseys (http://www.marketwatch.com/story/this-company-will-pay-the-golden-state-warriors-20-million-a-year-for-an-ad-on-its-jerseys-2017-09-12)

It cites Rahul Johri moving from the Discovery Networks (DISCA) to the Board of Control for Cricket in India, and Peter Moore, an executive at California-based videogaming giant EA (EA), becoming CEO of Liverpool Football Club (http://www.marketwatch.com/story/english-premier-leagues-new-ceo-susanna-dinnage-backs-out-2018-12-30), as two examples during the period.

Increasing numbers of consumers are watching their favorite clubs and shows on digital platforms like Netflix (NFLX) and Amazon(AMZN), where the business models are focused on intellectual property, digital rights and licensing. These skills are now broadly common, regardless of whether the business is media, sports, gaming or retail.

SRI's survey demonstrated that sports leagues, sporting goods and esports teams are also acquiring cross-industry CEOs from media & entertainment firms.

The report shows esports teams have the highest proportion of cross-industry CEOs (12 of the largest 20 teams).

Read: Opinion: These 9 stocks will win from the esports craze (http://www.marketwatch.com/story/these-9-stocks-will-give-you-a-piece-of-the-esports-craze-2018-07-31)

Mark Moreau, SRI's co-head of Europe, said: "The entertainment ecosystem is circling around three core challenges: content development and monetization, engaging and retaining the developing consumer, and digitization."

-Rupert Steiner; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 13, 2020 05:38 ET (10:38 GMT)

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