Italian state broadcaster RAI has announced plans to sell up to 15 per cent of its majority stake in its listed broadcast tower unit, Rai Way. The move, which aims to raise funds for a new three-year business plan, will enable RAI to monetise Rai Way while retaining control. According to the public broadcaster, its […]
Amazon is taking a 15 per cent stake in Diamond Sports Group that owns television networks broadcasting league sports in some of the US’s biggest markets, expanding its footprint of live games into regional networks that carry NBA, NHL and MLB games. Amazon has agreed a $115 million (€105.9m) minority investment in the largest operator […]
The BBC is to sell its Elstree studio complex to French insurance company Axa, in a deal worth around £70 million (€81m). Axa Investment Managers, will buy the 16-acre complex near Watford, north-west of London. The BBC will take a 25-year leaseback of part of the facilities and continue to film there. The BBC had […]
The full acquisition of OCS and its production arm, Orange Studio, by Canal+ has been approved by the French Competition Authority – but only under specific conditions to prevent any negative impact on the diversity of French cinema and its distribution. A year after the initial agreement between Vivendi’s subsidiary and Orange was concluded and […]
ODMedia, a provider of digital media services, has announced its acquisition of Pixagility, a French content services company operating in France and Africa (Ivory Coast). ODMedia says thius strategic move underscores its commitment to becoming the prominent European and African leader in the digital video entertainment landscape. “We are thrilled to welcome Pixagility into the […]
Skydance Media CEO, David Ellison, is reportedly considering an all-cash bid for National Amusements, parent company of Paramount Global. Skydance’s existing investors, including The Ellison family (Oracle), RedBird Capital Partners, and Tencent. The intention would be a merger between Paramount Global and Skydance, known for films such as Top Gun: Maverick (pictured), Terminator: Dark Fate […]
Zee Entertainment Enterprises Ltd (ZEEL), in a regulatory filing, insists it is working to successfully complete its long-planned merger with Sony’s Indian channels and studios. In its January 9th filing Zee described the widespread reports that the merger might not go through as being “baseless and factually incorrect.” “The company has always complied with its […]
The Boards of Directors of EMG, a provider of broadcast services and media solutions for live sports, entertainment and events, and Gravity Media, a provider of complex live creative production and media services, have confirmed the completion of a definitive agreement to combine their businesses. The combination of their complementary businesses creates one of the […]
Charterhouse Capital Partners (CCP) has agreed to take a majority stake in Two Circles in a deal worth a reported $300 million (€273m). The deal is expected to close in the first quarter of 2024. The business will continue to be led by CEO and co-founder, Gareth Balch, alongside the current management team, and the […]
Edge-to-cloud company, Hewlett Packard Enterprise, and Juniper Networks, a specialist in AI-native networks, have entered a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $40 per share, representing an equity value of approximately $14 billion (€12.8bn). The combination of HPE and Juniper advances HPE’s portfolio mix shift toward higher-growth solutions […]