Prasad Corporation, the integrated digitalisation services provider, has announced the acquisition of Omnimago the German media post-production company. Prasad says the acquisition demonstrates its long-standing commitment to preserving cinematic and national archival treasures across the globe through the provision of holistic digital transformation solutions. Through Omnimago, Prasad expands its global footprint and strengthens its position […]

Pay-radio operator SiriusXM says it will boost its quarterly cash dividend to shareholders by 10 per cent. Sirius XM Holdings Inc, the parent company, announced that its Board of Directors declared a quarterly cash dividend of $0.0266 per share reflecting an increase of approximately 10 per cent over the previous quarter’s dividend. This regular quarterly […]

Disney is in process of selling its India operations to Reliance Industries for around $10 billion (€9.43bn). Disney has been exploring options to sell or find a partner and has held talks with several candidates, reports Bloomberg. But Disney now seems set on selling a controlling stake in the business to Reliance, the conglomerate whose […]

DataCore Software has acquired Workflow Intelligence Nexus (WIN), a workflow services and software firm that helps customers deploy and automate media workflows using cloud-based and AI-powered solutions. Acquiring WIN extends DataCore’s Perifery business unit, which specialises in managing data across the core to the cloud and edge for high-growth markets, including media and entertainment and […]

The auction for All3Media has reached its final stage with three frontrunners: Banijay, Peter Chernin’s North Road, and a venture bid from Goldman Sachs are all in the running. Going up for sale in May with a sought price of around £1 billion (€1.15bn), All3Media is co-owned by Warner Bros Discovery (WBD) and Liberty Global. […]

Telia Company, the Swedish multinational telco, has reported Q3 that revenue increased 4.3 per cent to SEK 21,997 million (€1,894.25m) and like for like, revenue increased 1.1 per cent. Service revenue increased 5.6 per cent to SEK 18,986 million and like for like, service revenue increased 2.6%. For the Telco operations, service revenue increased 3.9 […]

The on/off and much-delayed merger plan between Sony Pictures India and Zee Entertainment Enterprises (ZEEL) could wrap during November according to reports out of Mumbai. The merger, which would create an entertainment and media giant in India, has been beset by legal problems and investigations by various regulators. Proposed back in 2021, the merged entity […]

LBG Media, the owner of LADbible Group, has announced the acquisition of Betches, a US-based media brand founded by women, for women. LBG Media has a global social following of over 410 million and generates over 100 billion views annually through its brands such LADbible, UNILAD, GAMINGbible and SPORTbible. LBG says this acquisition strengthens its […]

Raffolux, the digital raffle operator, has secured a £1.5 million (€1.7m) investment through a unique fundraising initiative with media company UKTV Ventures. The partnership involves an investment in premium advertising on UKTV linear TV channels in exchange for minority equity stakes in direct-to-consumer start-ups. They aim to help the business scale at pace to become […]

Disney and Comcast have failed to reach a price that both will be happy with for US streaming service Hulu. In an SEC filing Disney disclosed that the companies will both hire outside investment banking firms to come up with a sale price if the two companies couldn’t agree on a price. Those two firms’ […]