21st Century Fox has reported financial results for the three months ended December 31st, 2017. The Company reported quarterly income from continuing operations attributable to 21st Century Fox stockholders of $1.84 billion, a 114 per cent increase compared to $857 million reported in the prior year quarter. The current quarter income from continuing operations attributable […]
US telco AT&T says it is planning an IPO for its DirecTV Latin America division. AT&T says it will be floating a minority interest in DTV-LA. The IPO will likely take place in the first half of this year. The report is not a surprise and was widely reported in October 2017 when rumours suggested […]
Shares in UK telco TalkTalk plummeted after it warned on profits and said it would cut its dividend, while it looks to raise £200 million from investors to shore up its balance sheet and fund a new fibre broadband rollout. The company said full-year earnings before interest, tax, depreciation and amortisation would now be £230 […]
Japanese media and technology conglomerate SoftBank is looking for new investment possibilities in the satellite and related connectivity sectors. SoftBank already has a significant $1 billion+ investment in Low Earth Orbit business OneWeb, and Alex Clavel, an EVP at SoftBank told delegates at the SmallSat Symposium in California that his company was actively seeking to […]
ARRIS International has announced an agreement with long-time partner Pegatron Corporation for the sale of ARRIS’s manufacturing facility in New Taipei City, Taiwan. Production of ARRIS customer premises equipment will transition to Pegatron’s Suzhou site in China by the end of 2018. ARRIS will continue to maintain technology development and business operations in Taiwan, including […]
In a move that is expected to bring additional employment to the Isle of Man digital and media cluster, the world-leading Duke Video Archive from Duke Marketing has been acquired by automotive and motorsport digital technology business Motorsport Network. The move builds on the recent announcement that Motorsport Network and Motorsport.tv would feature the entire film […]
The Spanish regulator CNMC has opened an investigation into Mediaset and Atresmedia over an alleged deal between them to agree on TV ad prices thereby distorting the TV ad market to the detriment of smaller TV operators. The companies lead the TV ad market with a share of 84.2 per cent, 43.3 per cent controlled […]
The Walt Disney Company has reported a 78 per cent increase in profit for the first quarter, thanks largely to a huge tax gain. Disney’s Q1 profit jumped to $4.42 billion (€3.58bn) from $2.48 billion last year. Earnings for the quarter included a $1.6 billion one-time tax benefit associated with new US federal income tax […]
Three of Sony Pictures Entertainment’s (SPE) leading executives are departing the company as part of chairman-CEO Tony Vinciquerra’s restructuring of the team. SPE president worldwide networks Andy Kaplan, home entertainment president Man Jit Singh, and chief TV marketing officer Sheraton Kalouria are all exiting the company. Under the new structure, the networks business will report […]
Shares in satellite operator SES hit a 52-week ‘low’ at one point on February 6th of €11.80 a share, representing a total fall in value over the past 12 months of 30.1 per cent. Values recovered during the day to €12.37. The industry-wide price collapse was not helped by the global fall in stock values […]