Analysts at investment bank BNP-Paribas suggest that 2024 remains another transitional year for German broadcaster ProSiebenSat.1 (PSM). It says that PSM’s increased investment in local content is the right strategic move “but is painful for shareholders”. The bank says that management will increase that local content to support its digital offering. That extra investment on […]

French media giant Vivendi is planning to split itself into three separate listed entities. Analysts at investment bank BNP/Paribas have looked closely at the plan. The three businesses are Canal+, ad-agency Havas and a holding company managing the remaining equity stakes in listed and non-listed companies. The bank says that Vivendi has long traded at […]

Investment bank BNP Paribas has carried out a detailed examination of the prospects for Universal Music Group (UMG). The bank has upgraded UMG to ‘Neutral’ as far as its investment advice is concerned and has given a Target Price for its shares of €23 (currently trading at about €24.70). Its results are due on October […]

Eutelsat’s board of directors, just days away from the company’s merger with OneWeb (on September 28th), has approved the repurchase of some of its shares. Eutelsat can spend up to €381,804 on 58,739 shares representing less than 5 per cent of Eutelsat’s share capital. The purchase takes advantage of the current ultra-low value of Eutelsat’s […]

A report from investment bank BNP Paribas forecasts that Google’s Alphabet will grow this year by 4 per cent despite suffering threats over potential iOS privacy events. The bank also suggests that Google Search could even prove to be a beneficiary as marketers shift their advertising budgets to other verticals (e.g. Search and Android-based OS […]