Recurly, the subscription management and billing platform, has announced the appointment of Lina Tonk as Chief Marketing Officer (CMO) to its executive leadership team. As the CMO at Recurly, Tonk leverages a wealth of experience building customer- and partner-centric teams, amplifying brand exposure, and delivering growth at scale. Recurly says that, at a time when […]
Macquarie, the Australian investment fund and former owner of Thames Water, is reportedly looking to sell KCOM, the Hull-based broadband provider amid growing competition from upstart networks. The Telegraph reported that Macquarie has already appointed advisory-focused investment bank PJT Partners to conduct a strategic review of KCOM’s business. The move could potentially result in a […]
A preliminary injunction hearing in Fubo’s antitrust lawsuit against a new US sports streaming platform from ESPN, Fox and Warner Bros Discovery has been scheduled for August 7th at the US District Court for the Southern District of New York. Fubo filed its lawsuit against the as-yet unnamed service back in February, alleging that the […]
The long-running legal battle between SES and Intelsat over more than $400 million (€375.2m) which SES is claiming out of the sum received by Intelsat from the FCC’s compensation scheme for the reuse of C-band, has been postponed. A hearing initially set for April 24th has now been rescheduled for July 17th. SES is arguing […]
BBC Children’s and Education has announced a £6 million (€6.9m) investment into its online education platform, BBC Bitesize. The BBC says that “BBC Bitesize will become the most personalised, trusted and free to access learning platform for the next generation”, as the corporation celebrates 100 years of its education content. To celebrate 100 years of […]
AST SpaceMobile, already suffering criticism for multiple delays and alleged misleading statements to shareholders, has been hit with Class Actions. The actions will be before the Western District of Texas in the US District Court and before Judge David Counts. AST SpaceMobile is based at Midland, Texas. AST SpaceMobile, together with its subsidiaries, develops and […]
UKTV has announced that it has invested in the online care marketplace, Elder, using its multi-million pound investment fund, UKTV Ventures. Elder was created to connect older people and their families with independent carers across the UK to enable personalised one-to-one care at home. Elder’s proprietary technology uses hundreds of different data points including conditions, […]
Netflix added 9.3 million subscribers in Q1 2024, hugely surpassing analyst estimates, and now has 269.6 million subscribers globally, further asserting the company as the world’s leading streaming service. Netflix reported revenue of $9.4 billion (€8.8bn), up 15 per cent YoY, and operating income of $2.6 billion. The company advised that it will stop reporting […]
US private equity group Apollo Global is considering hooking up with Sony Pictures Entertainment to make a joint takeover bid for Paramount Global to rival the deal on the table between controlling shareholder Shari Redstone and Skydance, the film studio. The potential of the bid is at an early stage, according to reports. If a […]
David Zaslav, chief executive of Warner Bros Discovery (WBD), made $49.7 million (€46.6m) last year, 26 per cent up on the previous year, according to filings with the Securities and Exchange Commission. Losses at WBD totalled $3 billion in 2023, an improvement from $7 billion in losses the year before. Revenue fell 4 per cent. […]