Netflix, in alliance with the Argentine Academy of Cinematography Arts and Sciences, has announced the creation of the Covid-19 Film and Audiovisual Industry Relief Fund, to provide financial aid to support more than 1,000 workers in the sector. A donation of 40 million pesos (€1.5m) will be administered by the Academy to be distributed among […]
As long expected, Intelsat has filed for Chapter 11 bankruptcy and says it will restructure itself under ‘Debtor in Possession’ (DiP) rules. Intelsat says it is fully backing the Federal Communications Commission’s (FCC) plan for the auction of some of its C-band frequencies over the US for 5G usage. It says it has raised $1 […]
The effective enactment of the AVMSD Euro directive has been confirmed for January 1st 2021 by French President Emmanuel Macron as he set out his plan to support the cultural sector during the Covid-19 crisis. He is aiming to have the directive transposed into French law before the end of 2020 so that VoD platforms […]
SES CEO Steve Collar delivered a confident report to analysts at its Q1/2020 results on May 7th, and there was much focus from analysts on whether the FCC’s proposed C-band scheme would go ahead should there be any form of Chapter 11 filing by Intelsat. D-day, as far as the FCC auction of C-band spectrum, […]
The Polish Producers Alliance (KIPA), in cooperation with Netflix, have announced the creation of a new Film and TV Emergency Relief Fund to help the hardest hit workers in the television and cinema industry due to the productions shut down in Poland caused by the Coronavirus crisis. The fund will operate under the slogan: “Producers […]
BT has announced what it describes as “the UK’s biggest communications infrastructure investment in a generation”. Philip Jansen, Chief Executive, commenting on the telco’s Year End results, said that BT had risen to the challenge of the coronavirus crisis, keeping the nation and the NHS connected, standing by its customers and supporting the most vulnerable […]
Whilst all the details aren’t yet known, there are serious names who have entered bids for some or all of OneWeb’s assets. By the May 4th deadline, at least six proposals had been received by either Millbank LLP or Guggenheim Securities, who are acting on behalf of the operation. While not yet being specific about […]
Broadband solutions provider Iskratel is to provide active and passive telecommunications equipment for the construction of an ultra-fast fibre-optic (XGS-PON and GPON) broadband network in 210 municipalities as part of the CEBF (Connecting Europe Broadband Fund) financed RUNE (Rural Network) project with its partners Rune Enia in Slovenia and Rune Crow in Croatia. As part […]
Intelsat’s shares had a torrid time May 5th with a 12.4 per cent fall in value at one point to just $1.10. It isn’t the lowest that Intelsat shares have traded recently ($1.04 on April 15th) but it highlights the anxiety the market has for the company’s future prospects. One shareholder (Cyrus Capital Partners) is […]
Sky Media, the advertising sales arm of Sky, is launching its AdSmart SME support scheme, the SME100. The £1 million (€1.14m) fund will provide 100 businesses with TV advertising campaigns via AdSmart to support them during the difficult times. SME100 is open to SMEs that have been running for at least one year in the […]