The Board of Directors of Technicolor, the troubled French cinema production services provider and manufacturer of television set-top boxes, meeting May 29 in Paris, unanimously resolved to recommend to the Company’s shareholders that they vote in favour of the resolutions relating to the implementation of the transaction agreed between Jesper Cooperatief U.A., an entity controlled […]

IDATE has published a report which proposes an international benchmark for DTT rollout and Analogue Switch-Off (ASO) practices and also presents guidelines for the ASO. It addresses the issues and prospects of the (Second) Digital Dividend and details business models for the overall process of transition to digital, including three country cases in the low- […]

Media and entertainment technology specialist Technicolor has announced that the President of Thomson Angers SAS has filed for insolvency (“cessation de paiement”) with the Nanterre Commercial Court (France) and has petitioned the Court to open rehabilitation proceedings (“redressement judiciaire”) for Thomson Angers SAS. The company Thomson Angers SAS owns the Angers facility, which manufactures set-top […]

Telco equipment giants Huawei and ZTE could be facing a European Union investigation into whether the firms have benefited from subsidies by the Chinese government. Huawei and ZTE have been making inroads into the telecom equipment market, winning major contracts due in large part to the competitive pricing the two firms put forward. But now […]

Spain’s largest cable company ONO has completed a refinancing with 12 different lenders with commitments totalling €1.4 billion to refinance its existing bank debt. Participating banks are Bank of America Merrill Lynch, BBVA, Bankia, BNP Paribas, Credit Agricole, Deutsche Bank, ICO, ING, JP Morgan, Banco Santander, Societe Generale and Unicaja. Bankia shares have been suspended […]

Dixons Retail owner of Currys and PC World, says it has been given new credit by its banks and will be able to meet debt repayments this year. The UK company, which is Europe’s second-biggest electrical goods retailer, said it had agreed a new banking facility of £300 million, leaving it “well-placed” to make a […]

Advanced digital video services global provider Avail-TVN has secured $100 million of new investment funding from global alternative asset manager The Carlyle Group enabling it to acquire UK-based On Demand Group, a provider of video on demand services to some of the biggest television brands outside of the United States. Avail-TVN paid $27 million on […]

WorldSpace, a would-be global pay-radio broadcaster which filed for Chapter 11 reorganisation and protection from creditors back in 2008, has finally asked the US Delaware bankruptcy court to move its case into Chapter 7, which is a full bankruptcy. A statement from WorldSpace, as part of its bankruptcy court filing, said: “The Debtors do not […]

News Corp is to buy a 19.9 per cent stake in Bona Film Group. The agreement will help the Chinese film producer and distributor reach a more global audience with its films. Meanwhile, News Corp gets a chance to play a bigger role in a fast-growing market. Bona said News Corp is acquiring the stake […]