Widespread reports out of Italy over the weekend suggest that commercial TV channel La7 is to be sold by owner Telecom Italia Media. Two weeks ago, Telecom Italia Media’s shareholders approved last year’s report, which despite recording a decline in overall annual revenue (€238.2 million, down by €20.3 million), it recognised a rise in ad-revenues […]
Liberty Media owns 40 per cent of Sirius-XM and has made no secret that despite its shareholding influence over the pay-radio broadcaster, it would like to formally take ownership of the Sirius and XM operating licences. It applied to the Federal Communications Commission (FCC) in March for the FCC’s approval. On May 4, the FCC […]
Sigma Designs, a provider of connected media platforms, has completed its asset purchase of Trident Microsystems’ Digital Television (DTV) Business. The acquisition includes Trident’s complete digital TV product portfolio, including its digital TV SoC (system-on-chip), frame-rate-conversion (FRC), and extensive SmartTV software suite, as well as some legacy analogue TV products. The acquisition includes these products, […]
Australian billionaire James Packer plans to sell his 25 per cent stake in pay TV operator Foxtel, worth about $1 billion, to fund a takeover of casino group Echo Entertainment to form a $10 billion gaming giant, according to Australian newspaper reports. Packer has appointed UBS joint global head of investment banking, Matthew Grounds, to […]
Alongside its quarter results, BSkyB has announced the acquisition of Acetrax – a service that offers on-demand movie rental and purchase for connected devices. The purchase of Swiss company Acetrax will further boost Sky’s OTT activities and further strengthen relationships with connected device manufacturers and content providers, says BSkyB. Acetrax already has apps on Samsung, […]
Communications and information technology company Harris Corporation is to divest its Broadcast Communications business. Confirmation of the decision came as the company announced its third quarter results. William M Brown, president and chief executive officer, said the decision to divest Broadcast Communications resulted from a thorough review of the company’s business portfolio, which determined that […]
Synacor, the technology platform enabling cable, satellite, telecom and consumer electronics companies to deliver digital entertainment, has acquired Carbyn, the HTML5 Platform that delivers a unified experience for apps across Net-connected devices including smartphones, tablets, laptops, and connected TVs. Through this acquisition, Synacor will be able to offer customers a branded platform where their subscribers […]
Allot Communications, a provider of service optimisation and revenue generation solutions for fixed and mobile data networks worldwide, is to acquire Ortiva Wireless, which offers solutions for proactive management of mobile video. This transaction will enable Allot to further enhance its Allot Service Gateway by integrating a leading-edge mobile video optimisation solution into a single […]
One of the founding shareholders of Hulu, Providence Equity Partners, is reportedly selling its stake. Providence put about $100 million in to Hulu five years ago, joining NBCUniversal and News Corp in the joint venture. The private equity firm expects to double its money, selling its 10 per cent stake for $200 million, which would […]
Under the proposed restructuring plan of MTV Italia, Telecom Italia Media will this year sell its shares in non-core assets to partner Viacom, including the Italian versions of the Nickelodeon and Comedy Central channels, as well as the MTV satellite music channels on DTH platform Sky Italia. The news was announced by the CEO of […]