Satellite business D-Orbit has terminated plans to merge with a US-based special purpose acquisition company (SPAC) in the form of Breeze Holdings. The pair say the decision was reached mutually. “Since this agreement was first announced in January, financial markets have changed substantially, and it is clear that the merger agreement is no longer viable […]
Nexstar Media Group has entered into a definitive agreement to acquire a 75 per cent ownership interest in The CW Network. Warner Bros Discovery and Paramount Global the current co-owners of The CW, will each retain a 12.5 per cent ownership interest and continue to produce content for the broadcaster. Nexstar, together with its partner […]
Chicken Soup for the Soul Entertainment has completed the acquisition of Redbox Entertainment – a deal first reported in May – creating a content and distribution offering targeting value-conscious consumers in the US. The combined companies now offer AVoD services, over 145 free ad-supported streaming television (FAST) channels, TVoD, and a network of over 36,000 […]
UK-based broadcast system integrator dB Broadcast has further expanded the range of system integration capabilities offered following the acquisition of S3 Satcom’s successful satellite systems business and specialist antenna positioning products portfolio – Satsio and Fiesta. S3 Satcom Limited went into Member’s Voluntary Liquidation at the end of March 2022, but the Directors were keen […]
While the market will no doubt be talking about a potential merger between SES and Intelsat, SES reported its half-year financials on August 4th. However, the numbers show that SES’s Video division, still a very important element of the company’s revenue stream, was down 7 per cent (y-o-y) despite being helped by a growing income […]
SES and Intelsat are reportedly in talks about a possible combination, says the Financial Times. The two satellite giants are in active discussions about the structure of any potential deal, according to three people familiar with the matter, says the FT, as a wave of mergers and acquisitions sweeps across the satellite industry. “Neither wants […]
SES has completed the purchase of DRS Global Enterprise Solutions (DRS GES). The company is a leader in supplying satellite capacity to the US Government and military. The DRS GES business will be combined with SES Government Solutions to create a scaled solutions provider serving the multi-orbit satellite communications needs of the US Government and […]
The EU has firmly ruled out the proposed Eutelsat/OneWeb merger as qualifying as the likely candidate for the EU’s own planned Low Earth Orbiting (LEO) broadband constellation. As reported by Sami Kassab, satellite analyst at investment bank Exane/BNPP, Christophe Grudler, the member of the European Parliament in charge of the EU’s LEO satellite project announced […]
Content producer and distributor Banijay is to acquire Sony Pictures Film und Fernseh Produktions GmbH (Sony Pictures Television Germany) from Sony Pictures Television. Led by Astrid Quentell and Mirek Nitsch, who will remain in position, the company, which is soon to undergo a name change, will join Banijay Germany’s burgeoning portfolio of labels. The deal, […]
In the framework of the review of the proposed merger between Groupe TF1 and Groupe M6, the case team of the French competition authority (Autorité de la Concurrence) has issued its report. In the report, which does not prejudge the final decision by the Board (Collège) of the authority, the case team considers that the […]