Canal+ group and French cinema group UGC have entered into exclusive negotiations regarding Canal+ group’s acquisition of a minority (34 per cent) stake in UGC. Following the acquisition of the minority stake, Canal+ would have the option, following agreement with UGC’s shareholders, to take full control of UGC from 2028. UGC is a French cinema […]
The Supervisory Board of ProSiebenSat.1 Media has extended the contract of Group CFO Martin Mildner for another three years until May 2029. Since joining ProSiebenSat.1 in 2023, Mildner has played a key role in strengthening the Group’s financial foundation and driving operational resilience. He has successfully implemented various efficiency initiatives, resulting in leaner cost structures […]
Financial discussions about a potential merger between the two declining DTH operators over North America could be on again. Indeed, those discussions have gone on for years and despite changes in ownership of DirecTV and enthusiasm from Charlie Ergen, founder of EchoStar/Dish Network, have come to nothing. But comments last week within Investor’s Business Daily […]
BT has completed the sale of its Irish wholesale and enterprise business unit to Speed Fibre Group. The transaction, first announced in February and valued at €22 million, has now been cleared by the Irish Competition and Consumer Protection Commission. BT will maintain a presence in Ireland post divestment, with over 300 colleagues serving multinational companies […]
MediaForEurope (MFE) looks set to control of ProSiebenSat.1 after Czech investment group PPF declared it would sell its 15.7 per cent stake – comprising of 36,539,628 shares – in the German broadcaster to the TV group controlled by Italy’s Berlusconi family. The move clears the way for MFE take full control of ProSiebenSat.1, effectively putting […]
The news that AT&T is paying some $23 billion (€19.8bn) for terrestrial cellular spectrum to EchoStar has alerted many analysts to the implied value of EchoStar’s remaining telephony spectrum. Reports are numerous that both Elon Musk – who has long coveted EchoStar satellite spectrum – and AT&T rival T-Mobile could be next in line for […]
Ericsson has completed the sale of its US-based subsidiary iconectiv to Koch Equity Development. The deal was first announced in August 2024. Ericsson has reported that its cash benefit from the transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 9.9 billion (€0.89bn). Ericsson will record […]
Wurl, a specialist in the streaming TV industry, has appointed Dave Bernath as Chief Executive Officer. He succeeds Ron Gutman, who has announced his retirement. Bernath will report to Adam Foroughi, CEO of AppLovin, which acquired Wurl in 2022. Bernath brings more than two decades of experience growing audiences and building revenue strategies for a […]
EVS, a specialist in live video technology for broadcast and new media productions, has announced the strategic acquisition of US-based Telemetrics, a specialist in media production robotics. This move marks a significant step in EVS’s growth strategy, expanding its portfolio with automation solutions and reinforcing its presence in the US market. The transaction is scheduled […]
In-Flight Entertainment and connectivity supplier Anuvu, once known as Global Eagle, is being acquired by Platinum Equity, a California-based investment group. In 2021, Anuvu’s predecessor Global Eagle emerged from Chapter 11 restructuring after selling substantially all its assets to a group comprising the firm’s first-lien investors, including but not limited to certain funds managed by […]