Satellite operator Intelsat is looking to merge with Jersey-based OneWeb with help from Japanese media giant SoftBank. The deal needs Intelsat’s debt-holders to agree to new financial terms, and that agreement looks to be in doubt. The deadline for acceptances of new terms was at midnight yesterday, May 10th. New York-based Reorg Research, in a […]
Shares in Snap, the parent company of social media service Snapchat, dropped by nearly a quarter on May 10th after the app reported a loss and slow user growth. Snap reported a $2.2 billion loss for the first quarter of the year, its first set of results since becoming a public company. But while the […]
Joel Stillerman, AMC’s longtime programming chief, is to become Hulu’s first chief content officer. Hulu is thought to have been looking to fill the position for some time as it tries to make up ground on rival streaming services like Netflix and Amazon. Stillerman has been the head of programming at AMC since 2008. He […]
ITV the UK commercial broadcaster, has revealed its Q1 figures that showed a decline in both revenues and advertising income. Online, pay & interactive revenues were up 12 per cent however, driven by a 22 per cent growth in online advertising. Adam Crozier, ITV’s Chief Executive who will be leaving the company at the end […]
The proposed merger between two of India’s giant DTH operators, Dish TV and Videocon d2h, has moved closer with confirmation that Videocon’s shareholders had approved the deal. Separately, it was reported that the merger had received approval from the Competition Commission of India. Dish TV Videocon, the name of the new business, will see Dish […]
The Association of Commercial Television in Europe (ACT) congratulates the Commission as the DSM strategy reaches half-way point – with significant achievements including the Portability Regulation. This is an important opportunity for commercial broadcasters to reaffirm some principles that are key to maintaining a vibrant media in the EU that delivers for citizens and consumers, […]
Videa, a supply-side platform for automated television advertising, has announced that Oscar Rondon has joined as Vice President of Product. In his new role, Rondon is responsible for overseeing the planning and execution of the company’s product vision. Rondon brings to Videa nearly two decades of experience in advertising sales, programmatic platforms and marketing management. […]
Discovery Communications has reported financial results for the first quarter ended March 31st 2017. First quarter revenues of $1,613 million increased 3 per cent compared to the prior year primarily due to 5 per cent growth at International Networks and 3 per cent growth at US Networks. First quarter net income available to Discovery Communications decreased […]
South Africa’s recently appointed Minister of Communications, Ayanda Dlodlo, is reportedly dumping her predecessor’s strategy which backed non-encryption of digital set-top boxes. The former minister, Faith Muthambi, had favoured ‘open’ digital receivers despite the ruling African National Congress political party that boxes needed to be encrypted. Muthambi was replaced in March. Muthambi’s approach was designed […]
Johannesburg-based Econet Media says it will invest around $1.19 billion over the next five years on acquiring exclusive TV content for its Kwese TV pay-TV platform. The news emerged via an application to Lesotho’s Communications Authority where Kwese TV is seeking a licence to operate. Kwese TV is already on air in Ghana, Zambia, Rwanda, […]