Media engagement company Shazam has announced that America Móvil, the largest telco in the Americas, controlled by Carlos Slim, the world’s richest man, has invested $40 million in the company, with the pair formalising a strategic business collaboration for the Americas. The investment will help accelerate Shazam’s ongoing growth in music, continued expansion into television […]
European entertainment network RTL Group has formed a strategic partnership with Vancouver-based online video company BroadbandTV. RTL Group’s initial investment of €27 million for a 51 per cent stake is part of a planned series of investments in the company. The business partnership between the two companies creates a new platform for RTL Group’s digital […]
Time Warner Inc and China Media Capital, China’s leading investment fund focused on media and entertainment, have formed a strategic investment partnership. The news was revealed in the western Chinese city of Chengdu, where business leaders convened for the 2013 Fortune Global Forum. The partnership aims to capitalise on China’s rapidly expanding media sector as […]
Teleste has reached agreements with the government cable operator of Gansu Province and Shanghai OTEC Information Technology. As a result, Teleste will have 10 per cent ownership of a joint venture owned by the three parties. The agreements also cover sales development of the Chinese cable market as well as commencing a local manufacturing facility. […]
Minerva Networks, a provider of software solutions for the delivery of television services, and Accedo, a specialist in TV application solutions, have formed a partner and global resale agreement. Accedo will become a Minerva preferred partner for app stores and applications, and Minerva will resell Accedo’s application services worldwide. Service providers will be able to […]
French media group TF1 and Discovery Communications have wasted no time in finalising the agreement announced December 13 and are moving forward to build a three-tier strategic alliance across Eurosport, four pay-TV channels and production. Following a favourable opinion from the employee representative bodies, the partners December 21 confirmed the signature and closing of their […]
Discovery Communications has confirmed a definitive agreement with ProSiebenSat.1 Group to purchase the company’s SBS Nordic operations for a total enterprise value of approximately €1.325 billion. The acquisition of SBS Nordic includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets, and further solidifies Discovery’s long-term growth in the strong Nordic TV […]
French media company the TF1 Group has revealed further details of the exclusive negotiations it has been pursuing since mid-November with US programmer Discovery Communications aimed at forging a strategic alliance which would create value for both companies across their numerous complementary business activities. The TF1 Board of Directors, meeting on December 12, gave CEO […]
After a fortnight of ‘Will they? Won’t they?’ speculation as to whether the anticipated pre-Christmas launch of the Redbox Instant by Verizon online entertainment joint venture formed between US telco Verizon and retail solutions specialist Coinstar would actually take place and move out of private beta testing, the pair have unveiled details of the disc […]
Akamai Technologies and AT&T have announced a strategic alliance to deliver a global suite of content delivery network (CDN) solutions to companies. AT&T is combining Akamai’s industry leading content delivery platform with its world-renowned IP network to deliver to companies an exclusive suite of global CDN and telecom solutions that will be jointly marketed, managed […]