Giant screen specialists IMAX, as expected, has floated its Chinese subsidiary on the Hong Kong stock exchange. The company says it is looking to raise between US$276-$317 million. The prospectus says that some 17 percent of the company will be sold at local prices of between HK$29.80-34.50 per share. The sale price will be announced […]
Intelsat has had a terrible week, with its share price tumbling 5.5 per cent on September 22, but having collapsed from $9.83 to just $7.91 over the past five trading days. Intelsat shares are down by 54 per cent since the start of the year. Now the Financial Times is reporting that the company is […]
Sky has invested a further $0.9 million in Jaunt, the company pioneering cinematic virtual reality (VR), as part of its latest round of funding. This brings the total investment made by Sky in Jaunt since 2013 to $1.65 million. Based in California’s Silicon Valley, Jaunt claims to lead the industry through its end-to-end solution for […]
Satellite builder Lockheed-Martin (L-M) says it has received “considerable interest” in the part-completed Ka-band satellite (Jabiru-1) originally ordered and being built for Australia’s NewSat. NewSat, and its various subsidiaries, which are now in bankruptcy. L-M says the satellite is about 70 per cent complete, and they have had 13 expressions of interest in the satellite, […]
Fast-growing broadcaster Scripps Networks Interactive says it is looking for expansion possibilities out of Poland’s TVN. Scripps bought a 52.7 per cent controlling stake in TVN in March 2015 for $614 million. Scripps’ chairman & CEO Kenneth Lowe, speaking at the Goldman Sachs Communacopia Brokers conference September 17 in New York, praised TVN’s CEO Markus […]
BBC Director General Tony Hall’s told the Royal Television Society Convention: “Over the next few years, we intend to work with global partners to grow Worldwide further, taking advantage of the demand for British programming and new digital opportunities…Next year, we’re launching a new OTT video service in America offering BBC fans programmes they wouldn’t […]
The BBC has published a document setting out more details of its ambition to transform the majority of its in-house production unit into BBC Studios. Under the proposals, BBC Studios would become a wholly-owned subsidiary of the BBC Group and operate in the market. It would produce programmes for the BBC and other broadcasters in […]
Fleur Pellerin , the French Minister of Culture and Communication, has confirmed government plans to increase the telco tax from 0.9 per cent to 1.2 per cent of their annual revenues and limit to €1 the rise in the TV licence fee so as to give larger resources to PSB groups France Télévisions and Radio […]
The BBC’s Director General Tony Hall has confessed it is “inevitable” that services will have to be cut with BBC4, rolling news services and children’s television channels all identified as possible recipients for the axe – but still insisted that the corporation’s “best days lie ahead”. In his first response to the government’s funding deal […]
The Richard Branson-backed OneWeb satellite constellation, which is looking to put 650 small satellites into orbit, is seeking $2.5 billion of fresh funding for the project. It has already raised $500 million in cash in June from the likes of Virgin Group, Airbus Group, Intelsat, Qualcomm, Coca-Cola and Bharti Group. It is being reported that […]