Lagardère Entertainment is formalising the partnership it formed several months ago with the distribution platform DIFFA (International Distribution of Films and Fiction from Africa). DIFFA has built up a catalogue of 500 hours of programmes and a network of 24 producers from a dozen African countries. Following the signing of the agreement on May 5th […]
BT has made its formal submission to the UK’s Competition and Markets Authority, about the proposed acquisition of EE. The company has said the acquisition will be good for competition, investment and innovation in the UK – and that consumers and businesses will benefit as a result. Central to BT’s argument is the fact the […]
French media group Vivendi has announced it is to offer €495 million for a controlling stake in pay-TV operator Canal Plus (Société d’Edition de Canal Plus). Vivendi already owns around 48.5 per cent of the company, and its supervisory board has approved a public tender offer of €7.60 per share. It says it is making […]
Verizon Communications has confirmed the signing of an agreement to purchase AOL for $50 per share – an estimated total value of approximately $4.4 billion. Verizon said the acquisition further drives its LTE wireless video and OTT strategy. The agreement will also support and connect to Verizon’s IoT (Internet of Things) platforms, creating a growth […]
Euro Media Group (EMG) has confirmed the acquisition of Broadcast RF (BRF), a leading RF service supplier. This acquisition consolidates EMG’s leadership in providing RF solutions for major events around the world. Broadcast RF is Europe’s leading source of RF technology for use in the making of television programmes, covering sports, news and light entertainment […]
Forthnet, Greece’s largest pay-TV provider, is speeding up talks with creditors on refinancing, according to CEO Panos Papadopoulos. The company, which is the subject of two separate bids from Deutsche Telekom and Vodafone is considering issuing a €100 million convertible bond, Papadopoulos revealed in an interview. “For the last few weeks, we have been in […]
Spain’s Telefónica has formally completed the purchase of a 56 per cent stake in pay-TV platform Canal Plus following clearance from competition authority CNMC two weeks previously. Telefónica will ultimately pay €707 million for the stakes, out of which €565.4 million has already been paid to Canal Plus. The telco now controls 100 per cent […]
EE, the UK’s biggest mobile phone operator, saw its operating revenue decline 1.1 per cent to £1.469 billion in the first quarter. The drop follows a 1.4 per cent fall in operating revenue in 2014. BT is due to acquire EE as soon as the £12.5 billion deal receives regulatory approval. BT will buy out […]
Comcast has pulled its $45 billion bid for Time Warner Cable after failing to convince regulators that a deal that would have been beneficial the US media and Internet landscape. The end to the 14-month attempt to combine the two largest US cable and Internet providers came after comms regulator the FCC recommended a lengthy procedural […]
The acquisition by Telefónica of a 56 per cent stake in pay-TV platform Canal Plus has been approved by Spanish competition authority CNMC, albeit with several conditions. Telefónica will have to open up 50 per cent of its premium TV content to other operators with exclusive TV rights to sports (football) and cinema and TV […]