MTG is to sell its 95 per cent shareholding in Nova Broadcasting Group in Bulgaria to Advance Media Group. The transaction puts an enterprise value of €185 million (SEK1.92bn). The transaction is subject to regulatory approval, and the proceeds will be used to develop MTG’s global digital entertainment verticals through organic investment and M&A, says […]
President Trump tweets: “I want 5G, and even 6G, technology in the United States as soon as possible…It is far more powerful, faster and smarter than the current standard. American companies must step up their efforts, or get left behind.” “There is no reason that we should be lagging behind on something that is so […]
Michael Jackson’s estate is threatening to sue HBO for $100m over its controversial sex abuse documentary about the late singer, Leaving Neverland. The documentary – which centres on alleged child abuse by the star – premiered at the Sundance Film Festival last month. The Jackson estate have filed that the channel is in breach of […]
It is all change at Germany’s commercial broadcaster ProSiebenSat.1. Following press forecasts of management departures, the company confirmed a reshuffle. Jan Kempner the CFO is departing reportedly on stark differences of view with new CEO, Max Conze. He will be replaced as CFO by Rainer Beaujean, currently CFO of listed packaging manufacturer Gerresheimer. Sales and […]
Telestream, a leading provider of workflow automation, processing and quality monitoring and management solutions for the production and distribution of video, has announced the appointment of Osman Salah as Regional Sales Manager, serving the Middle East, Africa and Turkey region. Based in Dubai, UAE, Salah brings a wealth of local market experience, commercial expertise and […]
Jeroen Bergman, Liberty Global’s MD for programming, is to step down “pursue other opportunities” the company has confirmed. The post will not be continued. Bergman joined Liberty Global’s predecessor UPC in 1999 and has led Liberty Global’s programming efforts for 17 years. Bruce Mann, Chief Content Officer said: “Jeroen has delivered tremendous value to Liberty […]
German broadcaster ProSiebenSat.1 is revamping its management structure, with its Entertainment arm to be split off as a standalone company under co-CEOs Wolfgang Link and Michaela Tod, currently president of soon-to-be-Singapore-based vacuum cleaner outfit Dyson’s Greater China region. Sales and marketing chief Sabina Eckhardt is meanwhile to leave the company by mutual consent, with her […]
South Africa’s perilous media sector is again making news. Now it is ICASA, the media and telecoms regulator, which is in the headlines. The chairman of ICASA, Rubben Mohlaloga has been sentenced to 20 years in prison for fraud and money laundering – and it seems that despite the ruling ICASA cannot relieve him of […]
SpotX, the global video advertising and monetisation platform, is appointing Sophie Knight as Director, Platform Services for the UK. Reporting to Ed Wale, Managing Director for SpotX in the UK, Knight will work with media owners to develop strategic account plans for key publishers to optimise their returns from the SpotX platform. This will include […]
Anevia, a provider of OTT and IPTV software solutions, has announced that its Board of Directors unanimously appointed Eric Baron as a member of its Advisory Board. In his role, he will give a boost to the Advisory Board to drive further growth for the company. Baron, a trusted board advisor to several technology companies, […]