Category archives for: Business

Sony acquires Liberty’s Film1

film1

Sony Pictures Television Networks (SPT) has reached an agreement with Liberty Global to acquire the Film1 group in the Netherlands. Under the deal, SPT will fully own and operate the five premium pay-TV channels under the Film1 umbrella along with its Film1 Go service, pending regulatory approval. The five Film1 channels include Film1 Premiere, Film1 Action, Film1 Comedy & Kids, […]

Canada bank helps fund Hispasat satellite

Export Development Canada is financing €140 million towards the overall costs of building Amazonas-5. Amazonas-5 is being built for Madrid-based satellite operator Hispasat by Canadian satellite-builder MacDonald, Dettweiler & Assoc (MDA). MDA owns Space Systems/Loral.  This is the fourth SSL-supplied satellite for Hispasat.  The order was placed with SS/L back in December 2014 and is due to launch in 2017. […]

Sullivan quits Sky Deutschland

Brian_Sullivan

Brian Sullivan, CEO of Sky Deutschland, has quit and will leave in June. The supervisory board has named Carsten Schmidt, currently chief officer for sports, advertising sales and the Internet, as his successor. Sullivan has been CEO since 2010 and is credited with turning around its financial performance and subscriber numbers. He was previously with BSkyB, where he was responsible […]

Al Jazeera homes in on Digiturk

beIN Media Group, an affiliate of Qatar’s Al Jazeera, is reportedly in advanced negotiations to buy Turkish satellite network Digiturk. beIN Media Group, which runs the beIN sports network of channels operating in Asia, Europe and the US, has yet to finalise the acquisition, but a deal could be finalised in the next couple of weeks Digiturk, which has broadcasting […]

Panasonic €7bn war chest

Panasonic has said it is ready to spend 1 trillion yen (€7.6 billion) on acquisitions over the next four years, bolstered by a stronger profit outlook for its automotive and housing technology businesses. Chief Executive Kazuhiro Tsuga told analysts Panasonic doesn’t have specific acquisition targets in mind for now. But he said the firm will spend around 200 billion yen […]

Quickplay raises C$57m

Quickplay, the global player in powering premium video to any device, has secured C$57 million (€41.5m) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures  and Difference Capital Financial. With more than C$150 million of total investment since the company’s inception in 2003, Quickplay now claims to be the largest end to end managed service […]

KIPCO readies OSN for IPO, or sale

Kuwait-based investment fund KIPCO, which owns a majority stake in Dubai’s pay-TV operator OSN, says that it sees “enormous potential” for continuing growth in subscribers, revenues and profits at OSN. A statement on May 25th from KIPCO reports that OSN’s net profits jumped an impressive 66 per cent, although did not convert this into a monetary figure. KIPCO’s statement read: […]

RTVE exempted from VAT

rtve

The Spanish government is to inject new public funds into broadcaster RTVE, operator of the public channels La 1 and La 2 among other channels, by freeing it from paying VAT (value-added tax). The TV company will save €91.7 million which will mitigate its weak financial situation with a loss of €133 million in 2014. Public Regional TV stations, also […]

Vivacom stake sold for €1

bulgaria

A Luxembourg-registered group has bought company stakes owned by fugitive Bulgarian tycoon Tsvetan Vassilev for €1, including 43 per cent in Bulgaria’s biggest telco Vivacom. Vassilev was at the centre of a scandal last year when a bank he majority-owned, Corporate Commercial Bank, was hit by a run on deposits and shut down. He was subsequently charged with embezzlement and […]

Canada: Telesat sell-off slows

Canada’s major satellite operator Telesat – the 4th largest satellite operator globally – has stumbled in its attempts to sell the business. Telesat is owned in a complex relationship between Loral Space & Communications and the Public Pension Investment Board of Canada (PSP). Loral owns 62.8 per cent of Telesat but only 32.7 per cent voting interest. The majority voting […]

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