Viaplay Group will complete the sale of its UK direct-to-consumer business to SSBL Limited, trading as Premier Sports, on April 4th. The proposed transaction was announced by Viaplay Group in December 2023 and has now received final clearance from the Irish authorities. Dublin-based Premier Sports was the previous owner of the UK business, which comprises […]
F1 owner Liberty Media is buying MotoGP. The €3.5bn deal will see Dorna Sports, the commercial and television rights holder of MotoGP, remain an independently run company included in Liberty Media’s Formula One Group tracking stock. Carmelo Ezpeleta, who has been CEO since 1994, will remain in his position and continue to run the business […]
Full Disclosure: I write this piece without any pretence to journalistic objectivity. I ride a motorcycle, l love to do it, and I am a huge fan of motorcycle racing. Therefore, I wish Liberty Media all the best with their acquisition of Dorna, the organiser behind MotoGP and World Superbikes. MotoGP is the top, prototype […]
Warner Bros Discovery (WBD) has announced that Steven Miron and Steven Newhouse, both independent directors, have resigned from WBD’s Board of Directors, effective immediately. Miron and Newhouse resigned after the US Department of Justice informed them that it was investigating whether their service on the Board of Directors violated Section 8 of the Clayton Antitrust […]
Ottawa-based satellite operator Telesat has reported it is under further pressure from its declining DTH video business but maintained its formal guidance for this year’s revenue and profit targets. However, the disappointing results sent its share price tumbling 11 per cent despite some optimism for the company’s transition to a LEO operator. April 1st brought […]
Viaccess-Orca (VO), a provider of OTT and TV platforms, content protection, and advanced data solutions, has announced that Thomas Kohler has been appointed as CEO of the company, replacing Philippe Léonetti, who is retiring. Kohler is an established expert in business development, innovation, and company transformations, with over 20 years of international experience in senior […]
Cairo-based Nilesat reported a 12 per cent increase in profits for the year ended December 31st 2023. The company’s profits reached $43.754 million, compared to $38.967 million in 2022. Revenues from operations also increased by 2 per cent to $101.825 million, compared to $99.859 million in 2022. The announcement was made during the company’s general […]
The Netgem Board of Directors has approved the accounts of the 2023 financial year. The Group says its 2023 show “the acceleration of all profitability indicators”. The Board specifies its outlook for 2024: Positioning refocused in the market for video entertainment technological services and solutions (‘Entertainment Tech’), Balance sheet able to finance its strategy of […]
Aerospace giant Boeing is suing Sir Richard Branson’s space tourism venture Virgin Galactic, alleging unpaid invoices and the misappropriation of Boeing-owned trade secrets and IP. Boeing is suing via its subsidiary Aurora Flight Sciences, and its writ states that Virgin has not paid $26.4 million in invoices for work related to the development of a […]
Fox Entertainment CEO, Rob Wade, has announced a new structure that he explains will shape the company’s creative and business operations as it sets to deliver on global growth strategies across its three key pillars of studio entertainment, television and streaming platforms, and worldwide sales and licensing. The new Fox Entertainment will consist of three […]