Letv has subscribed to an approximate 20 per cent stake in TCL Multimedia through Letv Zhixin’s newly-established wholly-owned subsidiary in Hong Kong. Upon completion of the deal, Letv will become the second largest shareholder of TCL Multimedia. Under the terms of the share subscription agreement, Letv, through the Hong Kong subsidiary, invested HK$2.268 billion ($293 […]
Alibaba Group and Walt Disney Co have struck a deal to sell a new smart device for the home that will bring Disney’s movies, TV series and games to Chinese consumers. Pre-sales of the Mickey Mouse-themed device, which connects TVs to the Internet and costs CNY 799 ($125), have started on Alibaba’s online marketplace Tmall.com. […]
Ericsson and Cisco – two industry leaders in the development and delivery of networking, mobility, and cloud – have announced a global business and technology partnership to create the networks of the future. The multi-faceted relationship will offer customers the best of both companies: routing, data center, networking, cloud, mobility, management and control, and global […]
A global survey of leading executives shows businesses are responding to an environment of rapid change and technological disruption by establishing partnerships across firms, industries and geographies. The second report in Telstra’s global research series, Connecting Companies: Strategic Partnerships for the Digital Age, found companies driving innovation today are increasingly relying on partnerships rather than […]
Digital video distribution and monetisation network Rightster has commenced a formal strategic review of the options open to the Company to maximise value for Rightster shareholders. The strategic review will be wide-ranging and the Rightster Board will consider all strategic options available to the Group including a strategic partnership, acquisition(s) to increase the scale of […]
BBC Worldwide has strengthened its partnership with All3Media Germany, in the jointly-owned production company Tower Productions by combining both format catalogues into one definitive collection. Production will continue solely under the Tower Productions brand, which will have exclusive access to both BBC Worldwide’s and All3Media’s catalogues of non-scripted formats. MME (Me, Myself & Eye Entertainment) […]
Alain Weill, the Chairman, CEO, Founder and main shareholder of independent multimedia company NextRadioTV and Patrick Drahi, the Chairman and Founder of multinational cable, fibre, telecommunications, contents and media company Altice have signed a strategic partnership of their groups to invest in and to accelerate the development of multimedia projects in both France and other […]
NetRange, the global leader of white label Smart TV solutions, announced it has finalised a cooperation with Vonetize, a fully managed VoD services company bringing top-tier content to millions of users worldwide. Users of NetRange’s Smart TV Portals all over the world can now choose from a broad range of Vonetize’s high quality content portfolio, […]
A plan to by a group of French broadcasters and telco Orange to launch an SVoD service in competition to Netflix has been abandoned, according to French financial daily Les Echos. Discussions had centred on Orange, TF1, M6 and France Télévisions pooling their SVoD offerings. A Letter of Agreement had been prepared, but never signed, […]
India’s Dish TV and MSO operator Siti Cable are already partners via their shared ownership by Subhash Chandra’s giant conglomerate Essel Group. They have also just set up a new joint venture in the shape of ‘Comnet’, which they want to act a unified programme and channel buying operation. Dish TV’s CEO RC Venkateish has […]