Investment bank Berenberg has issued two timely reports on Europe’s pair of major satellite operators ahead of their results. The analysis was good news for Luxembourg-based SES but less rosy for Paris-based Eutelsat. For SES the overwhelming positive news was the operator’s share of the FCC’s ‘incentive’ payments for freeing up C-band frequencies over the […]
Analysts at investment bank Berenberg, while admitting that the John Malone-controlled suite of businesses under the Liberty Global banner represents a “complex case” to analyse, nevertheless – and it says with its eyes wide open – believes that Liberty’s prospects are solid. Berenberg is raising its advice on Liberty Global to ‘BUY’ (from ‘HOLD’) and […]
ProSiebenSat.1 Media’s CFO Rainer Beaujean, speaking at investment bank Berenberg’s German Conference on September 21st, told delegates that he was “extremely confident” that the broadcasting group will hit its EBITDA target of +/-€820 million, notwithstanding investment in new programming formats that should pay off in the longer term. That programming reinvestment is being made possible […]
Italian broadcaster Mediaset seems to be recovering well from the past year and the Covid problems. As revenues for its Q2 were up 66 per cent (against a miserable 2020) but importantly only 2 per cent down on the same period in 2019. “Mediaset,” says investment bank Berenberg, “[is enjoying] both the top-line recovery and […]
Investment bank Berenberg, in a major report on Nordic Entertainment Group (NENT) and the prospects for further expansion for the broadcaster, suggests some appealing markets which NENT might be looking at to launch its Viaplay service. NENT is due to hold its Capital Markets Day (CMD) on September 22nd when it might make announcements as […]
Analysts at Berenberg Bank have praised Nordic Entertainment Group’s (NENT) Q2 results, saying the broadcaster’s subscription numbers “which stole the show”. While the company’s Q2/2021 sales of SEK3,072 million was in line with consensus, it was the subscriber numbers which impressed. Berenberg said: “The international subscriber outlook for 2021 increased to 500,000 from 250,000 as […]
A report from equity analysts at Berenberg Bank suggests an unclear future for the ITV/BBC BritBox streaming joint-venture. The bank says that Britbox is a “distraction that will not succeed”. The bank’s report makes blunt reading for the BritBox venture. “BritBox trends look weak: While the near-term picture on advertising looks clearly more positive, the […]
A report from equity analysts at investment bank Berenberg on the games and gaming sector, and covering such high-profile businesses as Ubisoft, Electronic Arts, Activision and others, says that while some observers were forecasting a collapse of the sector as the world comes out of Covid, the bank suggests otherwise. Berenberg says that after more […]
Analysts at investment bank Berenberg have issued ‘BUY’ advice on Nordic Entertainment Group (NENT) on the back of its news that its Viaplay platform will launch early in 2022 in the Netherlands. “We are optimistic regarding the prospects for Viaplay in the Netherlands, particularly as NENT has already secured two key sports rights, most notably […]
Investment bank Berenberg has issued a report on the state of play at satellite operator SES. The bank says that with SES no longer separating its revenue splits between services and distribution (“which have notably different margin profiles”) they do not know what drove the operator’s Q1 results. The bank gives its forecasts on future […]