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Sony India finalises Ten Sports purchase

Sony Pictures Networks India (SPNI) has completed its acquisition of the Ten Sports channels owned by Zee Entertainment Networks (ZEEL). Sony paid $366.3 million overall and the latest payment obligation concludes the transaction. The final amount paid is also $18.7 million less than first announced. The difference is because a building in Dubai, leased by […]

September 20, 2017By Chris Forrester

Report: Illegal STBs putting public at risk

Over one million illegal set-top boxes with add-ons that allow consumers to stream content illegally have been sold in the UK in the last two years, putting the public at significant risk, according to a new report, Cracking Down on Digital Piracy, which collates expert insights from the Intellectual Property Office (IPO), FACT, City of […]

September 19, 2017By Colin Mann

NZ: Darcey appointed to SKY TV Board

New Zealand pay-TV operator SKY TV has announced the appointment of Mike Darcey as an independent director on the SKY Board. Darcey has an extensive track record of strategy and delivery across television, publishing, telecoms and retail. A New Zealander, Darcey has lived and worked in the UK since 1989. He spent 15 years at […]

September 19, 2017

Northrop Grumman acquires Orbital ATK

Aerospace giant Northrop Grumman is paying $9.2 billion (€7.7bn) to buy satellite builder Orbital ATK in an all-cash deal.  The transaction is expected to close early next year. Orbital ATK makes rockets as well as satellite and space components. It also has a military side to its business supplying missile and armaments. Indeed, 27 percent […]

September 19, 2017By Chris Forrester

Chambers Chairman Emeritus at Cisco

Cisco’s executive chairman John Chambers has said he will be stepping down from his position from December 11th, when his term ends. Cisco CEO Chuck Robbins will then also serve as chairman. Chambers will be given the honorary title of Chairman Emeritus. Chambers joined the company in 1991 as head of sales. He became CEO in January 1995 and served […]

September 19, 2017

OONA partners with Telkom Indonesia

OONA, the company behind the OTT OONA Mobile App that can deliver content and live TV to millions of people in developing countries via 3G and 4G connectivity, has fulfilled a key milestone by signing a partnership with Telkom Indonesia. Both companies share the vision and drive of offering high quality free entertainment to emerging […]

September 19, 2017

Murdoch: ‘Sky deal good for UK’

James Murdoch told the RTS Cambridge Convention that 21st Century Fox’s takeover of Sky would be a boost for Britain as it tackles Brexit. The Fox CEO dwelt on the importance of scale in today’s media market and warned regulators should not block the €20 billion takeover of Sky. The bid has been referred to […]

September 18, 2017

ISRO boss appears in court

India’s former chairman of its Space Research Organisation (ISRO), G. Madhavan Nair appeared in court on September 16th in connection with the ISRO-owned Antrix and corruption allegations. Special Judge Virender Kumar Goyal also directed that Nair, plus Bhaskar Narayana Rao, the then Director in ISRO, K R Sridhar Murthy, the then Executive Director of Antrix, […]

September 18, 2017By Chris Forrester

CityBank revalues Dish Network

Dish Network – and its EchoStar ‘sister’ business – have suffered something of a rollercoaster ride these past few weeks. For example, Dish Network’s price has crashed, falling some 17.6 per cent since August 1st when it share price was $65 (€53.67). The reduced price, says the bank’s report, “now seems fair” at $53. Equity […]

September 18, 2017

Snapchat blocks Al Jazeera in Saudi Arabia

Snapchat has blocked access to Al Jazeera content in Saudi Arabia. The social media platform reports that it was asked by the Saudi authorities to remove the Qatari-backed broadcaster’s Discover Publisher Channel because it violated local laws. Qatar is in an ongoing dispute with Saudi Arabia, Bahrain, Egypt and the UAE.  The four countries cut […]

September 18, 2017