The US Bankruptcy Court has given its formal approval for the £800 million purchase of satellite company OneWeb, now in the final stages of its Chapter 11 bankruptcy reorganisation. The buyer will be a new company (‘BidCo’) comprising the UK Government and India’s Bharti Global. Each will hold about 45 per cent of the company’s […]
Trading Standards Scotland, Police Scotland and the City of London’s Police Intellectual Property Crime Unit (PIPCU) have joined forces to target a major illegal distributor of premium TV content. The distributor, based in the West of Scotland, is believed to have provided illegal access to premium TV, sports and movie content to dozens of separate […]
Quantum Metric, the SaaS platform that helps organisations build digital products, and DISH, has formed a new partnership with US pay-TV network DISH to build innovative new product experiences driven by customer behaviours, intelligence, and input. Through this collaboration, Quantum Metric will help DISH analyse technical and behavioral indicators while creating optimised in-page analytics that […]
Financial analysts from consultancy firm Cowan have looked at the prospects for Elon Musk’s Starlink mega constellation and the claims that Starlink could serve 485,000 users simultaneously with 100 Mb/s broadband service. It also emerged in a Tweet from Musk that an IPO for the Starlink project is under consideration “but several years in the […]
Japanese cellco Rakuten Mobile, whose 5G network currently covers parts of Tokyo, Kanagawa, Saitama, Hokkaido, Osaka and Hyogo, has launched a new 5G plan, Rakuten Un-Limit V, as well as new 5G-compatible smartphone, Rakuten BIG. The plan is designed to be simple, intuitive and easy-to-use whether customers are in Japan or traveling internationally, providing them […]
OneWeb’s bankruptcy court heard this week that the company’s unsecured creditors will drop their $1.6 billion claim, and instead adopt a mediated global settlement. OneWeb has asked its bankruptcy court for permission to modify various disclosures which would reflect the new settlement which reflects the decision of the Official Committee of Unsecured Creditors. OneWeb had […]
Azerbaijan’s Azercosmos has established a formal partnership with ViewMedia, which operates in the field of global broadcasting services and broadcasts television and radio channels over multiple platforms worldwide. ViewMedia will provide digital satellite services to its customers in the Middle East, Europe and Africa via Azerspace-1 satellite. The company broadcasts more than 150 TV and […]
A Chapter 11 bankruptcy reconstruction allows the affected business to accept or reject some of the contracts and leases that were in place prior to the bankruptcy. OneWeb has delivered to its bankruptcy court a long list of contracts, some it will be happy to respect or amend but others it wants to be rejected. […]
ShortlyFestival aims to help film festivals all over the world reach new audiences and monetize their content by streaming films, interviews and other videos on-demand, during and after an event. The newly launched service is built on Red Bee Media’s managed OTT platform and will offer different pay-per-view options to access the content. In 2020, […]
Integrated Media Company (IMC), a TPG platform dedicated to the new media ecosystem, has signed a definitive agreement with DAZN Group to acquire a majority stake in Goal, the digital football brand. Under the partnership, Goal will enrich its football coverage and additionally create digital opportunities enhancing the fan experience, advertiser proposition, and overall popularity […]