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. […]
The Culture, Media and Sport Committee of the UK House of Commons is to hold an Evidence Session looking at the challenges facing UK cinema. The Committee is continuing its inquiry into British Film and High-End TV with a session focusing on the industry’s exhibition sector, where a film is screened for the public in […]
April 18th saw satellite operator issue its annual dividend payments (of €0.50 per share) to shareholders. That’s the good news. The bad news is that there was the usual post-dividend share sell-off, but this year’s decline was significant. SES’s Paris bourse share price has fallen 12.5 percent over the past week to €5.53 and at […]
Zayo Group, a provider of network infrastructure, has appointed Colman Deegan as its new CEO of Zayo Europe to drive the business’ growth as cloud and AI adoption continues across the continent. This appointment is effective immediately. Steve Smith, CEO Zayo Group, commented: “Colman’s experience and proven track record as a CEO leading large teams […]
Digital content studio and media network, Little Dot Studios (an All3Media company), has appointed Richard Young as Managing Director, History Hit and FAST, with immediate effect. In this new dual position, Young’s remit will expand to include both his current role as Little Dot Studios’ Director of FAST and OTT Platforms, as well as spearhead […]
Italian public broadcaster Rai achieved a balanced net profit for 2023, according to financial statements approved by its Board of Directors. Net debt improved to €568 million compared to the previous year, indicating a sustainable financial position. Despite missing revenue from major sporting events and facing advertising restrictions, overall advertising income grew by more than […]