Orient Hontai will increase its shares in Spain’s TV group Mediapro by 30 per cent, up to 85 per cent for €620 million, according to El Confidencial. The Chinese group will pay €400 million to amortise part of the Mediapro’s debt €900 million whereas the rest, €220 million will be destined to increase the social […]
In a speech meant to be delivered to the Royal Television Society Convention before his unexpected demotion from the role, former UK Culture Secretary Oliver Dowden set out his support for the ongoing success of commercial public service broadcaster Channel 4 and the benefits a potential change in ownership could bring to the service and […]
The Spanish DTT market is facing turmoil with three DTT licences up for sale. Media group Secuoya is negotiating the sale of its DTT licence, currently occupied by Ten TV channel, for €25 million, according to El Español. The move follows Unidad Editorial’s decision to sell its two DTT licences for €50 million, currently occupied […]
Czech billionaire Daniel Kretinsky has raised his stake in TF1 to 5.05 per cent through his Luxembourg-based company Vesa Equity Investment, which has been owning a minority share since 2019. Kretinsky envisages further investment, justifying his move by expressing confidence in the French economy and its outlook. “TF1 is a company in which we believe […]
FOX Entertainment has acquired the entertainment platform TMZ and all its media properties from WarnerMedia. Under terms of the agreement, FOX will own and operate all TMZ-branded linear, digital and experiential assets, including its hit syndicated magazine programmes, TMZ and TMZ LIVE, both of which air on 18 network affiliates owned by FOX Television Stations; […]
Content optimisation business OneSpace has been bought by Ascential (which was formerly publishing giant EMAP). Ascential, in a statement highlights OneSpace’s appeal: “Underpinned by its SaaS (Software as a Service) model, OneSpace manages product specific content catalogues, enables the creation of original material and customises content in order to drive higher sales across multiple products […]
Arabsat, despite losing CEO Khaled Balkheyour last week, is still very much present at the Satellite 2021 show in Washington DC. Hadi Alhassani, VP and chief strategy officer of Arabsat, talking on a conference session at the show, said that Arabsat was busy looking to expand its geographical footprint. Alhassani told delegates that Arabsat was […]
Bret Johnsen, SpaceX’s CFO & President of Strategic Acquisitions, told delegates to Satellite 2021 in Washington DC that they could still be looking at acquisition possibilities. SpaceX is in the process of buying Swarm Technologies, which makes small ‘cube’ and other similar-sized satellites specialising in Internet of Things services. SpaceX started the process back in […]
Satellite operator Eutelsat Communications has confirmed the closing of its $550 million €455.4m) equity investment in Low Earth Orbit service OneWeb announced on April 27th, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6 per cent stake. “We are delighted to close this investment […]
RTL Group has announced that its global content business, Fremantle, has completed the sale of its 100 per cent shareholding in Ludia to US-based mobile entertainment company Jam City for $165 million (€139 million). In 2009, Fremantle acquired an initial stake of 29 per cent in Ludia, before increasing its shareholding to 100 per cent […]