Former CNN CEO Jeff Zucker, RedBird Capital Partners and International Media Investments (IMI) have partnered to create RedBird IMI, a joint venture investment vehicle focused on acquiring and investing in large scale media, entertainment and sports content properties on a global basis. RedBird IMI launches with initial committed capital of $1 billion (€931m). Zucker is […]
US multiplay operators Charter Communications and Comcast Corporation have revealed that their streaming platform joint venture will now operate and conduct business as Xumo, evolving the brand from a free ad-supported streaming TV (FAST) service to an entire entertainment ecosystem inclusive of streaming devices, content, and a platform for partners to reach audiences at scale. […]
BT has suggested that the formation of the sports joint venture between BT Sport and Eurosport UK will reduce reported BT Group revenue for FY23 by c.£300 million (€345m) to £350 million. In a regulatory filing, BT says that on a pro forma basis, it continues to expect sustainable revenue growth for FY23 and beyond. […]
Telcos Vodafone Group and Altice are creating a joint venture (FibreCo) to deploy fibre-to-the-home (FTTH) to up to 7 million homes over a six-year period. Vodafone’s next generation broadband network in Germany currently offers up to 1Gbps connections to over 24 million homes. This partnership with Altice is complementary to Vodafone’s clear upgrade plans for […]
SVoD service SkyShowtime will officially launch on September 20th, bringing its premium offering of exclusive entertainment to millions of homes across Europe. A joint venture of Comcast — parent company of NBCUniversal and Sky — and Paramount Global, SkyShowtime will initially launch in Denmark, Finland, Norway and Sweden before expanding into the Netherlands later in […]
Warner Bros Discovery and BT Group have completed their transaction to form a 50:50 Joint Venture (JV) that combines the assets of BT Sport and Eurosport UK. The move brings together an extensive line-up of live sport coverage for fans in the UK & Ireland – including the Premier League, UEFA Champions League, UEFA Europa […]
Liberty Global, Telefónica Infra, S.L.U, a wholly owned subsidiary of Spanish telco Telefónica, together with infrastructure and technology investment specialist InfraVia Capital Partners, are to set up a new Joint Venture (JV) that will roll out fibre-to-the-home (FTTH) to greenfield premises across the UK. The partnership will initially roll out fibre to 5 million homes […]
Following the period of exclusive negotiations that began on March 8th, telcos Orange and MásMóvil have signed a binding agreement to combine their businesses in Spain. The transaction is based on an enterprise value of €18.6 billion, €7.8 billion for Orange Spain and €10.9 billion for MásMóvil. The transaction is subject to approval from antitrust […]
Following submission to the UK’s Competition and Markets Authority (CMA), BT Group and Warner Bros Discovery have welcomed the decision to approve the BT Group agreement with Warner Bros Discovery to form a 50:50 Joint Venture (JV) company that will create a new sports offering for the UK & Ireland. The CMA’s decision now allows […]
Following its announcement of exclusive discussions on February 3rd, BT Group has agreed a set of definitive agreements with Warner Bros Discovery to form a 50:50 joint venture company to create a new premium sport offering for the UK & Ireland and to transfer the operating businesses of BT Sport to Warner Bros Discovery By […]