The Belgian Competition Authority (BCA) has approved the planned takeover of Coditel Brabant SPRL and its subsidiary Coditel (together, “SFR BeLux”) by Telenet Group for €400 million. Under the brand name SFR (formerly Numéricable), SFR BeLux provides cable and mobile telephony services in Brussels, Wallonia and the Grand Duchy of Luxembourg. Now that the BCA […]
Giant cinema screen operator IMAX is reportedly letting go around 100 staff (some 14 per cent of its workforce) as part of a wider cost-cutting exercise. Entertainment trade mag Variety is reporting that IMAX says it is looking to make annual cash savings of about $20 million. The redundancies, which include staffers at its China […]
Snell Advanced Media (SAM), a global provider of integrated media production solutions, has appointed former Tandberg Television President Eric Cooney as President and Chief Executive Officer. Cooney has over 20 years of experience in the technology, media and telecommunications industry. He was CEO of Tandberg Television, leading its merger with Ericsson Group in 2007 and […]
Prysmian Group, a player in the energy and telecom cable systems industry, has inaugurated its new optical cable plant in Slatina, Romania. The new Slatina plant is part of a 3-year, €250 million investment plan aimed at improving the Group’s production capacity and capabilities worldwide, to meet the growing demand for optical cables for the […]
A report from Juniper Research has forecast that Smart Toy sales will reach $15.5 billion (€13.82bn) in hardware and app content revenues by 2022, up from an estimated $4.9 billion in 2017. This increase
QYOU Media, a curator of premium ‘best-of-web’ video for multiscreen distribution, has partnered with Caribbean telecommunications operator Flow to deliver curated short-form sports content via its network, Flow Sports. This is QYOU’s first deal in the Caribbean. Via Flow’s sports network, Flow Sports – which has become the region’s go-to platform for sporting content – QYOU […]
Sky has suffered its biggest drop in viewers for live Premier League games since records began in 2010. The Premier League sold broadcasting rights to Sky Sports and BT Sport for a record £5.136 billion (€5.76bn) in the latest three-year deal in February 2015, – £10 million per televised game. But Sky has recorded their steepest […]
Serie A, Italy’s top-flight football league, is launching a new tender for the TV rights to matches for the 2018-2021 seasons after private broadcaster Mediaset made no bid in the original tender on June 10th. “We don’t believe the offers received represent the real value of Italian soccer,” the Serie A president Carlo Tavecchio told […]
A report in specialist publication Large Display Monitor (LDM) says that South Korea’s electronics giant LG will invest $3.56 billion into a new production line to turn out flexible screens. LDM says that while the bulk of the production will be for cellular phones – and to compete with Samsung – it anticipates that some […]
Orange is strengthening its corporate venture strategy by creating a new Africa section in its flagship programme for investment in start-ups, Orange Digital Ventures. As part of this initiative, the Group is committing €50 million corresponding to half of the direct investments made via its new Orange Digital Ventures Africa programme; the other half is […]