Telestream, a global player in file-based media workflow orchestration, media streaming and delivery technologies, hasannounced that its CEO and one of the company’s original founders, Dan Castles, is retiring. Ex-Cisco executive Scott Puopolo will take over the position, effective immediately. “Knowing the right time to retire is not easy,” said Castles. “However, I am confident […]
Netflix is planning to raise another $1.6bn (€1.36bn) from investors to finance new content and make new acquisitions. The video streaming giant plans to spend up to $8 billion on content next year to keep the edge on its rivals. Netflix will issue bonds to investors, although the interest rate it will pay has yet […]
Last week, Inside Satellite was specifically told by a representative of Avanti Communications that the London-based satellite operator would release its end-of-year numbers (to June 30th) no later than November. The company last week had suffered two days of heavy share trading which took Avanti’s share price to its lowest-ever value. However, in an after-hours […]
With its parent company Vivendi under regulatory pressure regarding its shareholdings in both Telecom Italia and pay-TV operator Mediaset, Canal + is forming a joint-venture with Telecom Italia focused on rights acquisition and production of films and TV series. The joint venture’s aim is to support Telecom Italia in developing a unique pay-TV offer in […]
UK-based transmission company Arqiva has failed to find a trade buyer for its assets and has now confirmed an Initial Public Offering which will see the business valued at £6 billion (€6.73bn) on the London Stock Exchange. The company is currently owned by Australia’s Macquarie bank and Canada’s Pension Plan Investment Board. The FT reports […]
Apple has hired programme developer Morgan Wandell as part of its bid to increase scripted programming in the streaming market. Wandell has served as a top executive at Amazon for the last 4 years. He arrived at Amazon from ABC Studios, and his résumé includes hit series such as The Man in the High Castle, […]
Anthony Simmonds-Gooding a former senior advertising executive with Saatchi & Saatchi and who from 1988 headed up British Satellite Broadcasting, the official licensee of the UK’s 5-channel DBS satellite transmissions, passed away on October 20th. BSB used D-MAC (Multiplexed Analogue Components-type D) as its high-definition transmission system to a ‘Squarial’ receiving dish. Simmonds-Gooding brought together […]
Only days after resolving a technical spat with Russia over alleged “violations” of the country’s media legislation, CNN is again in potential hot water. This time the problems come from Russia’s parliamentary Senators who have drawn up a ‘blacklist’ of US media and a counterpoint to the troubles being faced internationally by the Kremlin-backed RT-Russia […]
Qatar’s Emir, Sheikh Tamim Al Thani, speaking in Indonesia where he is currently on a visit, was highly critical of the recent move by Egypt to further escalate the already wounding diplomatic row with Qatar. Egypt, along with Saudi Arabia, Bahrain and the UAE have already cut all diplomatic and trade links with Qatar. On […]
Portugal’s Media Regulatory Authority (ERC) has been unable to reach a consensus on the proposed acquisition of Media Capital by Meo, referring the case to the Competition Authority. The ERC said that its three members could not define a unanimous stance on the risks to pluralism in the media sector in Portugal. In its ruling, […]