Advanced Television

Inside Satellite

Chris Forrester

Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.

Airbus flies high with Zephyr HAPS

Aerospace giant Airbus has relaunched its high-altitude Platform Station business (HAPS) with a new name, Aalto, and is targeting high-altitude surveillance, 5G and direct-to-device connectivity. The company is expected to seek outside investment for the programme which will then be spun-off as a separate business. Zephyr/Aalto, using very high-flying solar-electric drones, will initially be 100 […]

January 25, 2023

Bank: Australia linear TV “shows weakness”

A report from investment bank Jefferies says that it is “cautious” on Australia’s overall media sector. “Visibility is poor, linear TV would continue to show weakness, and while Broadcaster Video-on-Demand (BVoD) will provide an offset, content costs are rising. OML Media is our top pick in the sector as it is recovering to pre-Covid levels,” […]

January 23, 2023

Intelsat left SES “on the hook” for C-band costs

SES has filed its response to Intelsat’s bankruptcy court, arguing that when the two parties signed the 2018 [C-band] Consortium Agreement SES and Intelsat not only agreed to share equally in any proceeds resulting from clearing the C-Band, but they also agreed to share equally in expenses incurred in connection with their efforts – whether […]

January 20, 2023

Bank: Viaplay de-risked for Q4

In December 2022, pay-TV operator Viaplay and rival Telia entered into a partnership in Sweden. Further news emerged on January 18th with Viaplay and Bell Media’s Crave streaming service agreeing a distribution agreement for Viaplay Select in Canada. Ahead of the Canadian deal, a report from investment bank Berenberg, said the Telia news “was a […]

January 19, 2023

Bank: “Video Games will rebound in 2023”

A comprehensive eport from investment bank Exane/BNPP says it expects the Video Games sector to “rebound in 2023 helped by stronger line up of new games and better availability of new-generation consoles.” The bank reminds clients that 2022 proved to be a “corrective year” for the games sector, where the industry overall suffered a 10 […]

January 18, 2023

Analyst: “Disney problems self-inflicted”

Michael Nathanson, senior analyst at MoffettNathanson (MN), is on record as welcoming the return to Disney of Bob Iger. MN promptly upgraded its advice to clients on Disney last November (to ‘Outperform’) following Iger’s re-appointment. But MN’s latest study lists in some detail the tasks ahead for Iger. “Iger’s return will force Disney to have […]

January 17, 2023

Bank upgrades SES

SES’s share price is currently at about €6.60, itself an improvement on typical prices of nearer €6.18. But a report from analysts at Berenberg Bank recommends clients ‘BUY’ SES and gives a target share price of €9.20. Good as this sounds (for investors) the new target price is lower than the bank’s previous guidance (which […]

January 16, 2023

Bank raises Netflix to ‘Buy’

Investment bank Jefferies, in a major review of US Media & entertainment, offers a wide variety of advice to clients including a downgrade (to ‘Hold’) for music streaming service Spotify and Roku (to ‘Underperform’) but with an upgrade (to ‘Buy’) for Netflix. The bank’s report doesn’t shy away from the risks for Netflix and the […]

January 14, 2023

SES borrows €300m from EIB

Satellite operator SES has borrowed €300 million from the European Investment Bank (EIB). SES is currently in the middle of a considerable capital-intensive satellite building programme. The full terms of the loan are not revealed but are likely to be highly competitive and are reportedly for seven years. The cash will go towards the procurement […]

January 12, 2023

Virgin Orbit assesses rocket failure

Virgin Orbit has reported that its Cosmic Girl launch from Cornwall on January 9th “ultimately fell short of reaching its target orbit”. The company admitted that the effort was not a moment to remember. Investors shared the sentiment and sent Virgin Orbit Holdings share price on the Nasdaq exchange crashing down 22 per cent on […]

January 11, 2023