Dentsu Aegis Network has announced an agreement to invest in Gleam Futures, a global player in digital-first talent management. This strategic partnership will see the two companies work together to enhance Gleam Futures’ global offering and create key growth opportunities in new markets through Dentsu Aegis Network’s entertainment content division, The Story Lab. Founded in […]
Apple has hired two of Hollywood’s best known studio executives as it poaches the co-presidents of Sony Pictures Television (SPT) Jamie Erlicht and Zack Van Amburg. The pair take new positions running worldwide video programming. SPT has been behind some of the biggest recent TV hits including Breaking Bad and The Crown. Erlicht and Van […]
Spain’s Comisión Nacional de los Mercados y la Competencia (CNMC – National Authority for Markets and Competition) has imposed a €250,000 fine on La Liga for preventing Mediaset’s Tele 5 and Cuatro from having access to football stadiums to offer highlights and reviews of the matches. The watchdog says that La Liga is breaking the […]
Troubled speciality satellite operator Avanti Communications has agreed a new $100 million (€89.5m) refinancing package. The borrowing replaces an existing $50 million of debt and sees the London-based operator lower its debt interest costs from an average of 10 per cent to 7.5 per cent. The new borrowing also pushes back the payment schedule to […]
Data-driven OTT intelligence specialist Conviva has announced a funding round of $40 million (€35.9m) from new and existing investors. The round included new investor Future Fund with participation from existing investors NEA (New Enterprise Associates), Foundation Capital, and Time Warner Investments. The funds will support the development of new products, sales and marketing acceleration, and […]
The ‘big three’ satellite operators (SES, Intelsat and Eutelsat) have had a torrid couple of years, with margins squeezed and competition for business fierce. Indeed, that competition saw Eutelsat’s CEO Rodolphe Belmer complain to French financial newspaper Les Echoes that rival Inmarsat is not playing fair and is using S-band frequencies to deliver broadband to […]
Datuk Rohana Rozhan, CEO of pay-TV operator Astro Malaysia, says she knows nothing of the market rumours suggesting that the company is making a bid for India’s Reliance Digital TV. The rumours, initially reported by The Times of India, stated that Astro Malaysia Holdings was conducting due diligence prior to making a bid. However, Rohana, […]
Sweden based Pirate Bay may have to amend its file-sharing after Europe’s supreme court said it may be breaking copyright rules by helping users download films, TV shows and music for free. The Luxembourg-based Court of Justice of the European Union (CJEU) said Pirate Bay’s role as a host meant it may be liable for […]
Ten Network Holdings Limited, the holding company for Australia’s Ten Network, is going in to voluntary administration. Such a move seemed inevitable following the withdrawal of backers of its debt, most notably Lachlan Murdoch. In a Statement, Ten Network Holdings Limited announced that Mr Mark Korda, Ms Jennifer Nettleton and Mr Jarrod Villani of Korda […]
CETel, a global satellite communications and network service provider, announces the acquisition of Onlime’s Managed Satellite Services for an undisclosed amount. This acquisition is a further milestone in CETel’s growth and diversification strategy alongside its continuing customer base expansion. The transaction allows Onlime to concentrate on further development of their core business of community software […]