PHXX, a platform development company with expertise in OTT, new media, and gaming services, has received funding to further enhance their ReachOTT platform. Alfalak Electronic Equipment & Supplies, a provider of technology-based end-to-end solutions in the Middle East, has invested $250,000 into PHXX to support this OTT initiative. PHXX developed the ReachOTT platform to provide […]
In an almost perfect case of ‘putting his money where his mouth is’, BSkyB CEO Jeremy Darroch has put all of his annual salary into a share-buying spree. He has bought £384,670-worth of BSkyB shares (at £6.41 a share) which accounts for almost all of his net salary after tax and statutory deductions. But Darroch […]
Tudou has priced its initial public offering in New York, raising $174 million in a deal that valued the Chinese streaming video website at $3.2 billion. The offering is of six million shares priced at $29 each. The shares will begin trading on the Nasdaq market this week. Tudou originally filed for its IPO in […]
TiVo said it plans to buy back up to $100 million of its stock over the next two years. The company said it will fund the share repurchase programme through existing cash. The move comes as the company’s stock has floundered around the $8 mark after sitting at over $12 in April and more than […]
A US Bankruptcy Court judge on July 7th approved the $1.37 billion sale of TerreStar’s assets to Charlie Ergen’s Dish Network. The deal means that Dish gets access to 20 MHz of satellite and matching terrestrial bandwidth. It is the third such acquisition for Ergen and represents a major shift away from its core DTH […]
New BBC Chairman Chris Patten has advocated that the organisation should keep control of its commercial arm BBC Worldwide. In a speech to the Royal Television Society, which was mainly about tackling executive payand goverance, Patten said that a sale of BBC Worldwide was not imminent. “It makes no sense to sell Worldwide. Its symbiotic […]
Solaris Mobile, the S-band satellite joint-venture between SES and Eutelsat, is seeking fresh investors for the project. SES CEO Romain Bausch said Solaris’ progress in seeking commercial deals has been slower than expected. Solaris Mobile was an additional payload on Eutelsat’s W2A craft, launched in 2009. While W2A is working perfectly, the Solaris Mobile payload […]
Indian telco and DTH giant Bharti Airtel is reportedly looking to trim more than 2000 jobs. Currently Bharti’s three core businesses (fixed line, mobile and DTH TV) are run as separate divisions even though the retail operations share the same customer-facing stores. The plan is now to merge the three divisions, which collectively generate some […]
Shazam, the technology that lets people use their mobile phones to learn the names of catchy songs, has raised $32 million in funding to bolster expansion plans including a TV service. The new funding, led by venture capital firms Kleiner Perkins Caufield & Byers and Institutional Venture Partners, will allow Shazam to double its 100-person […]
Ireland’s state broadcaster, RTÉ, has announced a redundancy scheme in order to cut a minimum of 70 jobs and save €5 million a year. RTÉ, which is funded partly by licence fee and partly by advertising, said the job cuts were essential in light of a €30 million deficit facing the station this year. The […]