Michael Lynton, CEO of Sony Entertainment, has confirmed that he is departing the company to fully focus on his role as Chair of Snap Inc – owners of social app Snapchat and a company in which he was an early investor. Lynton will stay with Sony for another six months as he works with overall […]
The management buy-out occurring at Beijing-based – but Nasdaq listed – China Digital TV is moving forward. A statement says that the buy-out has paid RMB (Yuan) 610 million (about €83 million) in accordance with the Equity Transfer Agreement signed in November 2016. The new entity (Changxing Bao Li Rui Xin Technology Co., Ltd/the Buyer) […]
AT&T Chief Executive Randall Stephenson met with US President-elect Donald Trump in New York, but told the NYT he didn’t discuss the company’s acquisition of Time Warner – which Trump has opposed. The conversation apparently focused on how AT&T can work with the Trump administration to increase investment in the US, stimulate job, and make […]
Satellite operator Asia Broadcast Satellite (ABS) which has been up for sale since – at least – July of 2016, remains on the sales forecourt although there are reports that final bidders are lining up. However, a rumoured potential sale by its owners, private equity company Permira, to Shenzen-based China Communication Technology (CCT), and initially […]
January 11th saw officers from the City of London Police’s Intellectual Property Crime Unit (PIPCU) visit organisations found to be advertising on websites involved in digital piracy. Officers from the unit visited eight organisations including brands, advertising agencies and networks, as part of a multi-agency initiative known as Operation Creative, which sees the police working […]
Jo Johnson MP, the UK’s Minister of State for Universities, Science, Research and Innovation in the Department for Education, has added Intellectual Property to his portfolio of responsibilities. The role will be shared with the Department for Business, Energy and Industrial Strategy. He takes over from previous incumbent Baroness Lucy Neville-Rolfe, who was appointed Commercial […]
AptoVision, Aquantia, Christie Digital, NETGEAR, Sony and ZeeVee announced that they have formed the SDVoE Alliance to standardise the adoption of Ethernet to transport AV signals in professional AV environments, and to create an ecosystem around SDVoE technology that allows software to define AV applications. All AV distribution and processing applications that demand zero-latency, uncompromised […]
Viacom International Media Networks,the entertainment conglomerate, has taken a minority stake in Israeli channels provider Ananey Communications Group. The deal sees the two companies build on their current relationship: Ananey already licenses Viacom brands such as Nickelodeon, Comedy Central and MTV in Israel. Financial details were not disclosed. “This deal will deepen our partnership with […]
Struggling music streaming service Pandora is laying off 7 per cent of its staff. The decision to downsize is said to be direct result of the failure of a buy-out of Pandora by pay-radio broadcaster SiriusXM. “Making workforce reductions is always a difficult decision,” Pandora CEO Tim Westergren said. “But the commitment to cost discipline […]
Scripps Networks Interactive has announced that Chairman, President & CEO Kenneth W. Lowe will be appointed to the role of Chair of the Supervisory Board of TVN, the Warsaw-based, multi-platform media company that was acquired by Scripps Networks in July 2015. In a parallel move, President of Scripps Networks International Jim Samples, who has been […]