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 […]
NBCUniversal International has confirmed the acquisition of a controlling 51 per cent stake in international children’s channel, KidsCo, in partnership with existing shareholder and content supplier Corus Entertainment, who also increased its equity in the channel to 43.8 per cent. The announcement was made by Kevin MacLellan, President, International Television, NBCUniversal and Doug Murphy, President, […]
Ensequence, a specialist in interactive TV, has secured commitments for a $25,994,279 investment that will help accelerate its expansion into mobile and connected TV. This funding round was led by Myrian Capital. “This round will help Ensequence further lead the industry in enabling programmers, advertisers and service providers to transform television into a more engaging […]
Elemental Technologies, a supplier of video solutions for multiscreen content delivery, has raised $13 million in third round funding led by new investor Norwest Venture Partners which joins existing backers General Catalyst, Voyager Capital and Steamboat Ventures, who also participated in the round. The new funding comes as Elemental invests aggressively to extend its leadership […]