Billionaire investor Marc Andreessen, co-inventor of web-browser Mosaic and co-founder of Netscape, is putting cash into a new venture which intends building small geostationary satellites to provide a global broadband service. His investment, made by his Silicon Valley venture capital fund, Andreesson Horowitz, is going to satellite start-up Astranis and the projects second-round of financing. […]
France’s Canal + Group has responded to the ongoing carriage dispute with France’s TF1 by saying it regrets the stalemate in negotiations with the TF1 Group after 18 months of discussions, stating that it has been forced to interrupt the broadcast of TF1, TMC, TFX, TF1 Séries Films, LCI and their associated services. “This decision […]
20th Century Fox has invested nearly €6 million to buy a 4 per cent stake in Italian TVoD platform Chili, reports local daily Il Sole 24 Ore. Milan-based Chili is a transactional service which offers a digital catalogue of over 50.000 films and TV series, which can be streamed or downloaded on various devices (Smart […]
While the market digests what might happen next in the bidding war now taking place over Sky’s European assets, one savvy observer says perhaps it is time to look at Canal Plus, which is suggested to be “undervalued”. Laurie Davison, media analyst at investment bank Deutsche Bank, says that the various bids for Sky prove […]
Spanish pubcaster RTVE, operator of La 1 and La 2 among other channels, ended 2017 with a surplus of €25 million cutting its debt by over 80 per cent on the previous year. RTVE’s total revenues amounted to €980 million, €3 million more than expected, versus total costs of €952 million, down 2 per cent. […]
The Basque-Country-based cable operator Euskaltel has increased its pay-TV subscribers by 45.5 per cent in a year. The company has gained 124,000 new subscribers for a total of 394,000 according to Euskaltel, due to the “high value of TV functionalities” and the launch of a new 4K STB with Android, the first in the market. […]
On March 21st, London-based speciality operator Avanti Communications expects to see its Hylas 4 satellite launched on an Arianespace rocket. With a successful deployment Avanti can start expecting to earn some revenues from the satellite and new clients during the second-half of this calendar year. It badly needs the money. A results statement issued after […]
Discovery Communications has announced the senior leadership appointments for the combined company, which will be effective upon close of the transaction with Scripps Networks Interactive. “Today’s announcement is another major milestone in combining these two fantastic companies into a new kind of media company with the most trusted portfolio of real life entertainment brands in […]
Technicolor has confirmed it will enter into an exclusive agreement pursuant to which InterDigital, a mobile technology research and development company, commits to acquiring its Patent Licensing business. Technicolor will maintain its Research & Innovation organisation to assert its strong competitive technological differentiation for its operating businesses while engaging in funded research with InterDigital. Commenting […]
In its Communication of September 2017 on tackling illegal content online, the European Commission (EC) promised to monitor progress in tackling illegal content online and assess whether additional measures are needed to ensure the swift and proactive detection and removal of illegal content online, including possible legislative measures to complement the existing regulatory framework. As […]