There was reportedly once an attempted takeover of OneWeb by Chinese interests. An article in the Sunday Telegraph says that the UK’s MI5 security service investigated the China involvement, and this prompted the UK government to step in and buy a major stake in OneWeb. There was also a further complication in that OneWeb is […]
China has registered a new satellite constellation of 1,296 craft. The formal filing with the ITU was made on July 4th and updated on July 28th. The Chinese filing named its new constellation as Salespace-1 and it will have 36 planes of orbiting satellites, with each plane containing 36, hence a total of 1,296. The […]
Giant cinema screen operator IMAX is acquiring the remaining 28.5 per cent of its Shanghai-based subsidiary it does not already own. IMAX China is currently quoted on the Hong Kong stock exchange. Imax has about 770 theatres in China. Toronto-based IMAX will see it have 100 per cent control of its Chinese unit and paying […]
China has unveiled its plans for a fleet of ‘Very Low Earth Orbiting’ satellite to be completed in orbit by 2030. The craft will come from a Chinese state-owned firm (The Second Academy of the China Aerospace Science and Industry Corp. CASIC) and confirmed on the opening day of the 9th China (International) Commercial Aerospace […]
Amuse Animation, a boutique digital-first animation studio, has opened an office in China to be headed by distribution, co-production and licensing executive Entin Liu. The move follows the company’s recent appointment of Jiella Esmat as Chief Revenue Officer based in London to oversee the growth of the company’s 360 content development worldwide. Chief Revenue Officer, Jiella […]
Giant cinema screen specialist IMAX has reported lower quarterly revenues despite being helped during the quarter by the record box-office takings from Avatar: The Way of Water and a recovery at its Chinese theatres. IMAX’s overall Q4 revenues were 10 per cent down at $98 million (€92.5m) on the same period a year ago ($108.6 […]
Analysts at market research company Omdia say that China expects to take more than 50 per cent share of unit and area shipments in large area displays for the first time. Omdia adds that shipments of large-area display in 2022 decreased by 8 per cent YoY in unit terms and 3 per cent YoY, according […]
Gower Street Analytics estimates global cinema box office will reach $29 billion (€27.3bn) in 2023. The past year brought further recovery but also challenges for the global box office: A depressed Chinese box office (ending nearly $3 billion behind 2021); the Russian invasion of Ukraine and resultant US studio boycott of Russia; an exchange rates […]
According to a report from Dell’Oro Group, a source for market information about the telecommunications, security, networks, and data centre industries, the Wireless LAN market hit a new record of $2.4 billion in the third quarter, despite the continuing supply bottlenecks. The market grew a surprising 32 per cent year over year; meanwhile, manufacturers still […]
China has used a mobile sea platform based in the Yellow Sea to launch 14 satellites into orbit. The rocket (named Jielong-3, or ‘Smart Dragon-3’) lifted off on December 9th from the Tai Rui modified barge in the Yellow Sea. The mission carried eight satellites built by Changguang Satellite Technology, which concentrates on remote sensing, […]