Swedish media group MTG (Modern Times Group) has posted record Q3 sales of SEK 4,683 million (€451.6m) with 3 per cent organic growth. In a statement, Jørgen Madsen Lindemann, President & CEO of MTG, said: “This was another quarter of top and bottom line growth. Our continued organic sales growth was complemented by a 28 […]
Anevia, a provider of OTT and IPTV software solutions, has appoined François Le Crom as Vice President of Research and Development. In this role, he will be responsible for leading and growing Anevia’s R&D teams and providing the technical vision for the company’s mid- and long-term strategic roadmap. He will drive the transition to a new […]
UK investment Fund Zegona will become the main shareholder of the Basque-country-based Euskaltel with a 29.9 per cent stake in the cable operator. The Fund has announced the acquisition of a 14.9 per cent stake that will give it the control of the company in which it already has a 15 per cent, ahead of […]
Italy’s Council of State has issued a verdict in favour of Persidera and Europa TV on the issue of the unfair distribution of TV frequencies for DTT in 2009. The Council of State partially accepted their requests and ordered the Communications Authority (AgCom) to remedy the imbalance, reserving the right to intervene again in the […]
The UK’s Minister for Intellectual Property, Sam Gyimah, has highlighted the continued Government clampdown on users and providers of illicit streaming boxes who cause damage to the nation’s £92 billion (€103.45bn) creative industries. It comes as the Intellectual Property Office (IPO) publishes its response to a Call for Views on illicit streaming. This finds that […]
Zambia National Broadcasting Corporation is firmly denying local reports that it is merging with China’s StarTimes Group. ZNBC chairman Mulenga Kampwepwe said the broadcaster remains publicly owned and cannot be sold or taken over without the approval of parliament. However, local commentators are perhaps justifiably confused because Kampwepwe confirmed that the relationship between ZNBC and […]
While its stock flies high on the latest sign-up numbers, Netflix intends to offer, subject to market conditions, approximately $2 billion (€1.74bn) aggregate principal senior unsecured notes in two series through an offering to qualified institutional buyers. The streaming giant says the interest rate, redemption provisions, maturity date and other terms of each series of […]
Indian telco giant Reliance Industries has taken a majority stakes in two cable MSO Hathway Cable and DEN Networks. The news of Reliance’s interest first broke on October 3rd. Detailed final costs for the whole operation are not yet available because of the myriad subsidiary companies also affected by the move but local reports say […]
Amazon Studios has promoted James Farrell, who was the head of content for international expansion to the newly-created position of head of international originals, effective immediately. Farrell will now lead all of Amazon’s international original production divisions in Japan, India, Europe, Mexico, Brazil, as well as in all future Amazon hubs. “We’ve had significant success in […]
Lachlan Murdoch, the Chairman and CEO of FOX, the company to be spun-off in connection with 21st Century Fox’s (21CF) merger with The Walt Disney Company, has announced that AMC’s President and General Manager Charlie Collier has been appointed as the Company’s Chief Executive Officer of Entertainment. In this role, Collier will oversee the Fox […]