Advanced Television

Business

UK broadcasters demand Brexit clarity

The Commercial Broadcasters Association (COBA) – the voice for commercial broadcasters in the UK – has stressed the need for urgent clarity on whether a transition period will happen following the Government’s Chequers meeting over the weekend. COBA reserves judgement on the Government long-term plan for broadcasting until the expected White Paper is published this […]

July 9, 2018By Colin Mann

EchoStar scrubs Inmarsat bid, for now

Inmarsat firmly rejected EchoStar’s £3.2 billion bid for the London-based satellite operator, despite EchoStar offering £5.32 per share, up 27 per cent on its earlier June 8th offer and 40 per cent up on Inmarsat’s average share price for the 3 months to June 7th.  Inmarsat claimed the bid significantly undervalued the company. EchoStar, at […]

July 9, 2018By Chris Forrester

Saudi Arabia rejects Wimbledon piracy claims

Saudi Arabia’s Ministry of Media has rejected as “baseless” accusations made by The Championships, Wimbledon regarding the broadcast pirate entity known as beoutQ. “Wimbledon’s press release baselessly claims that beoutQ is based in Saudi Arabia and suggests that Saudi Arabia is somehow complicit in beoutQ’s broadcasts,” says the Ministry. The response follows a call from […]

July 9, 2018By Colin Mann

Sonos to mount IPO

Fast-growing high-end wireless audio specialists Sonos is to mount an Initial Public Offering (IPO). California-based Sonos, which has not made an annual profit since 2014, issued its regulatory filing on July 6th, and reported a 10 percent rise in revenues for 2017 (to $992.5 million) and a net loss of $14.2 million, itself down on […]

July 9, 2018By Chris Forrester

EchoStar moves on Inmarsat

EchoStar has bid an “implied” £5.32 (€6.01) per share for London-based Inmarsat worth in total some $3.2 billion. Denver-based EchoStar quietly made the improved bid on July 3rd ahead of the July 4th holiday in the US. Under the terms of the improved proposal, Inmarsat shareholders would be entitled to receive £2.65 in cash and […]

July 6, 2018By Chris Forrester

MEPs vote against copyright directive

Members of the European Parliament, gathered in plenary session in Strasbourg, have rejected the negotiation mandate on the copyright directive. This mandate was to bring the text proposal (as drafted by the relevant committee (JURI ) at a final negotiation stage. French-speaking authors’ society LaScam, along with the whole creative industry throughout Europe, it claims, […]

July 6, 2018By Colin Mann

Portuguese regulator orders Meo to reduce DTT prices

Altice Portugal’s Meo unit will have to reduce the prices it charges to national broadcasters RTP, SIC and TVI for the distribution of their channels on the DTT network. This follows a ruling by Portugal’s National Communications Authority (Anacom) that imposed a 15.16 per cent cut per Mbps on the annual fee charged by Meo. […]

July 6, 2018From Branislav Pekic in Rome

MPs: Changing behaviour ‘significant risk’ to BBC commercial performance

A report from the Public Accounts Committee (PAC) of the UK House of Commons on the BBC’s commercial activities has concluded that the BBC must strike a balance between serving UK audiences and seeking to grow revenue in a challenging global market. According to the Committee, the BBC is facing increasing challenges from commercial competitors […]

July 6, 2018By Colin Mann

Rau TiVo interim President replacing LG-bound Rodriguez

TiVo has announced that Raghu Rau, a member of TiVo’s Board of Directors, has been named interim President and Chief Executive Officer, effective immediately. The appointment follows Enrique Rodriguez’s personal decision to resign from his role as TiVo’s President, Chief Executive Officer and a member of the Board of Directors to assume a position as […]

July 6, 2018

Magnusson Jr named fuboTV CTO

fuboTV, the sports-first live streaming TV service in the US, has added AppNexus veteran Geir Magnusson Jr. to its management team as chief technology officer. Magnusson is based in fuboTV’s New York City headquarters and reports directly to David Gandler, co-founder and chief executive officer. Magnusson’s appointment is the latest news for fuboTV, which earlier […]

July 6, 2018