Advanced Television

Business

ICASA CEO steps down

The CEO of South Africa’s communications regulator ICASA, Willington Ngwepe, is stepping down and says he will not be available at the end of his current term in office. Ngwepe will leave on October 15th. His departure follows on from that of ICASA’s chairman, Keabetswe Modimoeng, who also stepped aside earlier than expected. “Ngwepe has […]

August 12, 2022By Chris Forrester

UK landlord fined for illegally screening Sky Sports

Patrick Hennessy of the Boat Inn, Church Street, Wolverhampton has been found guilty of two offences of dishonest reception of a television transmission, in this case, Sky Sports televised football matches, with the intent to avoid payment of the applicable commercial subscription charge. Sky Sports is only available to licensed premises in the UK via […]

August 12, 2022

Disney dethrones Netflix as biggest streamer

The Walt Disney Company has reported 221m streaming subs across its brands, just topping Netflix at 220.7m. The group declared earnings for its third fiscal quarter ended July 2nd 2022 with revenues for the quarter and nine months up 26 per cent and 28 per cent, respectively. “We had an excellent quarter, with our world-class […]

August 11, 2022By Nik Roseveare

ProSiebenSat.1 maintains growth in Q2

After a positive start to the year, ProSiebenSat.1 Group continued to grow in the second quarter of 2022. Group revenues rose by 1 per cent to €1.05 billion, while adjusted EBITDA remained stable year-on-year at €166 million (previous year: €166 million). In view of a strong previous-year quarter, which had benefited from catch-up effects due […]

August 11, 2022

FCC rejects Musk’s application for $886m

The FCC has turned down Elon Musk’s SpaceX request for an $886 million (€860m) grant as part of the US government’s massive $20.4 billion rural broadband subsidy scheme. The FCC had previously awarded the sum back in 2020, but that move has now been rejected. In a statement, the FCC said the FCC said that […]

August 11, 2022By Chris Forrester

Serbia tenders 5th commercial TV licence

Serbia’s Regulatory Authority of Electronic Media (REM) has announced a tender for the awarding of the fifth national commercial TV licence that will broadcast in SD technology via DTT. Interested parties have 60 days to apply for taking part, and the regulator will then announce its decision 30 days after publishing the list of applicants. […]

August 11, 2022From Branislav Pekic in Rome

Chicken Soup for the Soul completes Redbox acquisition

Chicken Soup for the Soul Entertainment has completed the acquisition of Redbox Entertainment – a deal first reported in May – creating a content and distribution offering targeting value-conscious consumers in the US. The combined companies now offer AVoD services, over 145 free ad-supported streaming television (FAST) channels, TVoD, and a network of over 36,000 […]

August 11, 2022

Yahsat reports record revenue

Abu Dhabi-based satellite operator Yahsat has declared a Q2 profit of $25.3 million (€24.4m), and recorded its highest-ever revenues for the half-year, up 8.1 percent. Yahsat (officially the Al Yah Satellite Communications Co), which is listed on the Abu Dhabi stock exchange, reported revenues for the half-year of $206 million. Yahsat’s growth momentum continued in […]

August 11, 2022By Chris Forrester

Electric Entertainment closes $100m with BoA

Electric Entertainment, the Los Angeles-based production and distribution company, has announced the closing of a $100 million (€96.7m) loan credit facility with Bank of America. The five-year agreement will be initially used for Electric’s expanding production slate that includes  Leverage: Redemption, The Ark, and Almost Paradise, among other programmes. The announcement was made by Dean […]

August 11, 2022

Spain: HD migration delayed until 2024

Spanish TV operators will be able to continue broadcasting in standard definition until 2024 following a proposed Royal Decree that delays the HD obligation until February 14th of that year. Initially, the DTT Technical Plan had set the date of January 1st 2023 as the deadline for migration to HD. The Spanish government cited “the […]

August 10, 2022From David Del Valle in Madrid