Thomas Rabe, chief executive of German media giant Bertelsmann, says he hopes to revisit his plan to merge France’s two biggest privately owned broadcasters – M6 and TF1 – which was abandoned in 2022 as a result of regulatory opposition. Rabe told the FT that a tie-up between Bertelsmann-owned M6 and its larger rival TF1, […]
WWE, part of TKO Group, has acquired Mexican lucha libre promotion AAA – in partnership with Mexico-based sports and entertainment holding company, Fillip. The announcement was made by legendary WWE commentator Michael Cole in Las Vegas during the WrestleMania 41 Saturday Countdown show – with WWE Chief Content Officer Paul ‘HHH’ Levesque, Fillip’s Chairman Alberto Fasja, AAA’s […]
]LG’s Display division says it has completed the sale of its last remaining LCD factory. China’s consumer electronic giant TCL Technology Group was the buyer. The sale marks the end of LCD TV panel manufacturing for the South Korean company. LG Display’s final LCD TV panel factory in Guangzhou, China, was sold to TCL CSOT […]
ProSiebenSat.1 Media has acquired the remaining 10.1 per cent of shares in Jochen Schweizer mydays Holding held by founder Jochen Schweizer via Jochen Schweizer Beteiligungs since ProSiebenSat.1 initially took a stake in the company in 2017. Based on former contracts the media company has now exercised the existing purchase option to transfer the founder’s remaining […]
The UK’s Competition & Markets Authority (CMA) has launched a Phase 1 investigation into SES in relation to its proposed acquisition of Intelsat. The CMA believes that the proposed acquisition of Intelsat Holdings by Luxembourg-based SES could potentially lead to a substantial lessening of competition in one or more UK markets. The CMA is examining […]
The EU’s Defence and Space Commissioner Andrius Kubilius says he has no objection to mergers in the satellite and space production sector. Speaking on April 11th at the New Economy Forum’s Europa Forum in Brussels, he said he was in favour or supporting champions, although did not specifically mention the Airbus and Thales Alenia merger […]
CosmoBlue Media, a specialist in digital distribution and entertainment, has completed its acquisition of movie streaming platform Cineplex Store from Cineplex Entertainment, as it expands into the Canadian market. The Cineplex Store platform has long been a popular destination for Canadian audiences, offering over 10,000 titles from Hollywood blockbusters to indie gems and cult hits. […]
Consolidation is running through the satellite industry. A year ago it was Eutelsat absorbing OneWeb, Viasat buying Inmarsat and more recently SES making a $3.1 billion (€2.8bn) commitment to acquire rival Intelsat. The SES/Intelsat move is expected to wrap this summer. Consolidation is also affecting smaller satellite businesses. April 1st saw Canada-based MDA announce its […]
MFE-MediaForEurope has confirmed its intention to issue a voluntary public takeover offer to increase its stake in German entertainment group ProSiebenSat.1 Media. In the announcement, MFE stated it expected to offer to tendering ProSiebenSat.1 shareholders an offer consideration equal to the three months VWAP of the ProSieben share (as calculated by the German Federal Financial […]
Sports streaming platform DAZN has announced the completion of its acquisition of Foxtel Group from News Corp, which it says marks a major milestone in its expansion into the Australian market. Subscription TV provider Foxtel will continue to operate as a standalone business while benefiting from the UK-based DAZN’s global reach, technology and investment in […]