Category archives for: Business

Sony takes 50% stake in Dori Media

Sony Pictures Television (SPT) and Dori Media Group (DMG) have entered into an agreement whereby SPT will acquire 50 per cent of the VIVA and VIVA Plus channels and the VIVA Walla online free VoD service in Israel, along with 50 per cent of DMG’s Baby TV operations in Indonesia. Andy Kaplan, President of Sony Pictures Television’s worldwide networks, said: […]

Multichoice Hellas merges with Forthnet

The merger between Greek telco/pay-TV operator Forthnet and another subsidiary company Multichoice Hellas, wrapped on October 17th. The agreement, first mooted back on June 30th, sees Multichoice Hellas’s local operation being absorbed by Forthnet’s pay-TV arm. There is something of a shake-out and consolidation occurring in Greece at the moment. Earlier this summer Vodafone “merged” with Hellas Online (Vodafone paid […]

AT&T/DirecTV want speedy FCC approval

AT&T has asked the Federal Communications Commission (FCC) to speedily approve its planned $48.5 billion take-over of DirecTV. AT&T filed its request in Washington, and argued that its move on DirecTV is very different from the merger between Time Warner Cable and Comcast. AT&T further used the filing to rebut criticism from some of its rivals, not least Netflix which […]

Netflix an acquisition target?

Investment bankers Mediatech Capital Partners (MCP) believe that Netflix is now firmly a potential acquisition target. Porter Bibb, MCP’s managing partner, speaking on Bloomberg TV, told viewers that Netflix’s 50 million-plus subscribers – and growing – might put financial pressures on Reed Hastings, Netflix’s founder. “Netflix [share price fell] but it is still very, very vital. It has 50 million […]

Freesat in 1.9m homes

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Freesat, the subscription free satellite TV service, has maintained its 2014 momentum by adding 8,000 new TV homes in the three months to the end of September. In all, Freesat has added 32,000 new households in the first nine months of 2014; it is now available in 1.9 million households and watched by more than four million viewers every week. […]

BT Broadband jobs boost

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BT will employ a further 500 engineers to build and maintain its network amid concerns that a host of upcoming infrastructure projects will make contract workers scarce and more expensive. It brings the total recruitment this year by BT Openreach, the division responsible for the network, to around 2,400. Joe Garner, the chief executive of Openreach, said BT’s latest recruitment […]

Canal+, ITI Group review TVN options

The ITI Group and CANAL+ Group have been approached in recent months by various strategic and financial investors expressing an interest in acquiring the controlling stake in TVN Group, should it become available. In response to such interest, both the ITI Group and CANAL+ Group have decided jointly to review their strategic options regarding the 51 per cent stake in […]

Ziggo to cut 20% of workforce

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The merger of Dutch cable companies UPC Netherlands and Ziggo will result in around 900 workers losing their jobs according to daily the NL Times. The companies currently employ a combined total of around 4,500 and about 20 per cent will become redundant, with service centre temp-workers looking most likely to be laid-off. Ziggo shareholders have until November 4th to […]

BSkyB “pressure cooker” period

BSkyB’s results were better than most analysts expected, but this didn’t make life any easier for Sarah Simon, a senior analyst at Berenberg Bank, who continued her negative advice to clients, and marking down the bank’s price target for BSkyB shares from 800p to 780p. October 16th saw BSkyB’s share price fell back a few pence from 859p to 850p. […]

Technicolor to represent Warner Bros patents

Technicolor has reached an agreement with Warner Bros Entertainment to represent the studio as its exclusive IP licensing agent (outside of patent pool licensing programs) to capture the value of the studio’s patent portfolio. Technicolor is a strategic partner for Warner Bros in a broad number of areas; specifically, packaged media and initiatives related to technology and licensing. This agreement […]

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