21st Century Fox has followed Comcast in extending its deadline for Sky shareholders to accept its £14 (€15.74) a share offer for the company until October 6th. It is now assumed Fox will raise its bid in the coming days ahead of the regulator’s September 22nd deadline, presaging a sealed bid auction run by the […]
Rob Koenon, the President of VR Industry Forum (VRIF), has said that creating a buoyant marketplace for VR in the future will depend on high-quality and interoperable services. Speaking during an IBC Masterclass on VR Technology and Industry, Koenon highlighted the healthy and realistic expectations that now surround VR – but warned that the industry […]
Ofcom, the media watchdog, has joined calls for independent internet regulation, following research warning that 21 per cent of Brits have been harmed by web content. The regulator’s chief executive, Sharon White, has published a document claiming 12 million people in the UK have experienced harassment, fraud and abuse online. Ofcom suggested that principles from […]
Although it suggests that scenario in which the UK leaves the EU without agreement (a ‘no deal’ scenario) remains unlikely given the mutual interests of the UK and the EU in securing a negotiated outcome, the Department for Digital, Culture, Media and Sport (DCMS) has issued guidance as part of a series of technical notices […]
Tony Hall, the BBC’s director general, is this week preparing to call for video streaming services such as Netflix and Amazon to be regulated to the same extent as the UK’s traditional broadcasters – or else risk “killing off” British content. In a speech obtained by UK news outlets that is set to delivered during […]
Liberty Global CEO Mike Fries has told a Goldman Sachs event in the US that the company is likely to return much of the $12 billion it gained from sales of assets to Vodafone to shareholders through buybacks. He said more M&A was also possible but there were no particular targets just now. Fries claimed […]
ITV has reportedly entered the bidding for Endemol Shine, the major indie production company which has been put on sale by owners the VC Apollo and 21st Century Fox. Endemol Shine has been valued at between $2 billion and $3 billion, and RTL has already walked away from the heated bidding. ITV CEO Carolyn McCall […]
Valence Media has finalised an approximately £45 million (€50.5m) investment comprised of cash and Valence equity for a significant minority stake in Fulwell 73, the British independent production company run by partners Ben Winston, Leo Pearlman, Gabe Turner, Ben Turner and James Corden. Under the terms of the deal Fulwell 73, based in London and […]
A week ago Space Systems/Loral (SS/L) was talking openly of closing (or perhaps selling or merging) its Palo Alto satellite construction facility, and blaming the decision on the downturn in commercial geostationary satellite orders. SS/L stated that 2019 might see no more than 8 or 9 new orders, and when divided amongst the industry this […]
Little Baby Bum, a hugely popular YouTube channel that has racked up over 17.5 billion views since launching in 2011 has been sold. The channel was founded by a UK-based couple in 2011 and features animated videos soundtracked by popular nursery rhymes. Little Baby Bum has been bought by a firm called Moonbug for an […]