Sky has created 1,000 new jobs throughout the UK, including opening a new customer contact centre in the northern England city of Leeds, to meet growing customer demand. The creation of new roles will see Sky’s UK and Ireland employee base grow to 25,000 employees – an increase of nearly 5 per cent. As part […]
OTT sports broadcaster DAZN is reportedly seeking to raise $500 million (€450.5m) in new funding. The money would likely be used to support its expansion efforts as it looks to grow beyond its existing territories (Austria, Germany, Japan, Switzerland, Canada, Spain, Brazil, Italy and the US). Bloomberg reports that New York-based investment bank Goldman Sachs […]
Research by Ampere Analysis reveals that the growth of streaming services has intensified competition across the TV landscape driving an upsurge in content spend. Ampere found that global spend on TV, film and sports content expanded from $100 billion (€89.91bn) to $165 billion between 2008 and 2018 – a 65 per cent increase. Nearly $50 […]
Poor mobile phone coverage is set to be a thing of the past as the UK Government champions a £1 billion (€1.16bn) deal with the mobile phone industry to banish rural ‘not-spots’, with the plans for all operators to share phone masts to improve UK coverage being described as a “world first”. The move will […]
The Spanish government will finance the transmission of the Tokyo Olympic Games through RTVE’s TV channels with a state subsidy of €60 million. With the funds, RTVE will acquire the TV rights to the Games from rights-holder Discovery, with an estimated cost of between €55 and €60 million. The president of RTVE, Rosa María Mateo, […]
Netflix is raising another $2 billion (€1.79bn) in debt for the production, development and potential acquisitions of content. The streaming giant routinely raises debt to help grow its catalogue of original titles. Netflix also offered $2 billion in new debt back in April after issuing another round of notes several months earlier. The company is […]
France’s proposed Salto OTT platform, backed by public broadcaster France Télévisions, and commercial operators TF1 and M6, is set o see the trio triple their investment in the platform. They had initially promised a combined €45 million but French business newspaper Les Echos is reporting that this is to be increased to €135 million. Salto […]
Canada-based satellite operator Telesat raised $550 million in new debt but has used the extra funds to pay down $500 million of older debt some 5 years early (due to be repaid in November 2024).. That old debt was costing Telesat 8.875 per cent in interest while the new borrowings are priced at 6.5 per […]
Meo (Altice Portugal) has warned of a “high probability” of additional operational costs due to ‘gaps’ in the timetable for the DTT migration process of the 700 MHz band, proposed by the regulator. This is one of the five points addressed by the DTT network operator in a letter sent to the president of the […]
Spain’s TV operators will receive a state subsidy of €10 million each to finance their costs in the ongoing digital migration. This aid is added to the €145 million package already approved for citizens to readjust their antennas to watch DTT signals. Around 850,000 buildings with communal antennas are affected due to the DTT migration […]