The £100 million sale of UTV’s television assets to ITV plc completed today and UTV and UTV Ireland’s 250 staff became part of ITV’s global television business. Adam Crozier, Chief Executive of ITV plc, said: “UTV has been a terrific partner to ITV for many years, but from today UTV and UTV Ireland will be […]
Media group Vivendi has agreed to pay $775 million to Liberty Media Corp. to end allegations it hid its financial difficulties to inflate its stock ahead of a deal to buy Liberty’s stake in USA Networks Inc., nearly four years after a jury awarded Liberty $847.4 million. This agreement will lead Vivendi to record a […]
Satellite operator SES says it is now carrying eight Ultra HD channels. The news emerged during the operator’s results announcement, which also saw the company state that the number of HD channels it was carrying grew by an impressive 18.3 per cent to 2,230, and representing a HD penetration rate up from 28.9 per cent […]
Taiwan’s technology giant Foxconn had looked set to take control of Japan’s electronics business Sharp in a $4.3 billion (€3bn) take-over. The end result would see Foxconn owning about two-thirds of Sharp’s shares. However, the deal has been thrown into question by a last-minute delay regarding new information from Sharp which needs to be clarified. […]
Viacom is planning to sell off a “significant” minority stake in its film and television studio Paramount Pictures. The company had been approached by several investors, confirmed chief executive Philippe Dauman, and would be holding talks with some investors. Viacom is under pressure to revive its fortunes after a run of poor results. Earlier this […]
Entertainment giant Warner Bros has agreed to buy DramaFever – a US-based streaming and on-demand service with a focus on Korean content. The move comes as the Time Warner company seeks to appeal to a wider, younger audience via streaming and other digital services. Warner Bros is buying DramaFever from Japan’s Softbank, which bought the […]
French media group Vivendi has increased its stake in Telecom Italia to 22.8 per cent, a regulatory filing showed, further strengthening its position as the top shareholder in the Italian phone group. The filing with the U.S. Securities and Exchange Commission, dated February 19th, said Vivendi bought shares equivalent to 1.4 per cent of Telecom […]
Mediaset is not in talks with French media group Vivendi over a sale of the Italian broadcaster’s pay-TV unit, according to a Reuters report. Some Italian newspapers reported on Friday that Vivendi had been discussing a possible deal to acquire Mediaset Premium. But a Mediaset source told Reuters “No talks, nothing new”, adding excellent relations […]
Bob Stanzione, ARRIS Chairman and CEO, has said the IP, video and broadband technology specialist has made “substantial progress” on its integration activities following closure of its $2.1 billion (€1.94bn) acquisition of Pace on January 4th. Stanzione made the comments as the company announced preliminary and unaudited Q4 and full year 2015 results which saw […]
Pay-radio operator SiriusXM Canada has confirmed that it has been approached in a potential take-over and that it is in early stage talks. A prime contender for a buy-out is Liberty Media which owns a 61 per cent controlling stake in the US operation. Last week saw local reports in Canada that SiriusXM’s major shareholders […]