Hot on the heels of announcing that it would make faster broadband its top digital priority in 2013, the European Commission has adopted revised guidelines for the application of EU state aid rules to the broadband sector. These guidelines will help Member States achieve the objectives of the EU Digital Agenda. Taking into account the […]
Discovery Communications has confirmed a definitive agreement with ProSiebenSat.1 Group to purchase the company’s SBS Nordic operations for a total enterprise value of approximately €1.325 billion. The acquisition of SBS Nordic includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets, and further solidifies Discovery’s long-term growth in the strong Nordic TV […]
The European Commission has cleared UK state subsidy for the infrastructure needed for UK local television services. The decision greenlights building the local DTT multiplex for local services that will be shown via Freeview. The multiplex will be built by the winner of the multiplex licence, which Ofcom is expected to award before the end […]
Australia’s Quickflix has confirmed the “full support” of its biggest financial backer, HBO, and denied that the US film studio could redeem a $10 million investment. In a statement issued to the ASX, Quickflix said: “Quickflix confirms that the Board and management have the full support of its investor, HBO, to execute the restructuring plan […]
Dish TV, the largest supplier of DTH pay-TV in India, is to raise $200 million through the issue of new shares or convertible bonds. The cash will be used to fund expansion and further grow the DTH business. The Subhash Chandra-backed operation, in a note to shareholders, explained that the DTH business is capital hungry, […]
Kaltura, the open source video platform, has secured an additional $25 million of funding from new investors Mitsui & Co. Global Investment and Orix Ventures, with existing investors Nexus Venture Partners, Intel Capital, .406 Ventures and Avalon Ventures participating. With a prominent position in the Americas, and growing presence in Europe, Kaltura is now also […]
Shares in Quickflix, the Australian online and movie rental service, have been placed in a trading halt after the company struggled to raise cash to fund its operation. Questions are also being raised as to the value of its subscribers. The halt will last until the opening of trade on November 15th. Earlier this month, […]
Following the move by Carl Icahn to acquire 10 per cent of its stock, Netflix has announced that its Board of Directors adopted a stockholder rights plan (the “Rights Plan” or “Plan”) and declared a dividend distribution of one right (“Right”) for each outstanding share of Netflix common stock. The Rights Plan is intended to […]
The private equity backers of Dutch cable TV and telecoms operator Ziggo have confirmed they are selling a block of shares into the market, which were worth up to €700 million on October 24th. Cinven, Warburg Pincus and other co-investors owning 57.1 per cent of Ziggo’s share capital said they were offering 25 million Ziggo […]
Tvinci, a pay-OTT platform provider, has announced that its year of sharp growth and development has been further boosted with a $4.5 million round of funding that will be invested in its OTT 2.0 Platform development and international expansion into new markets. The round was led by the company’s existing investors, Kaedan Capital and Zohar […]