ArianeGroup, the rocket launching joint venture owned by Airbus and Safran, is to trim staff by 2,300 between now and 2022. ArianeGroup, in a statement, said that the ending of development of its Ariane 6 ‘next generation’ rocket as well as the need to keep Europe’s rocket launch business competitive “compelled ArianeGroup to reduce its […]
Italian commercial broadcaster Mediaset reported a better performance in Q3, usually the weakest for the TV market, compared to the same period last year. The positive results were due to increased advertising revenue (+3.5 per cent) for the World Cup, cost reduction at group level (by €71 million), leading to a growth of net profit […]
Susanna Dinnage has been named chief executive of the Premier League, replacing Richard Scudamore. Dinnage joins from Discovery where she is Global President for Animal Planet. She previously worked as President of Discovery Networks UK and Ireland. She reportedly narrowly missed out on the role of chief executive at Channel 4 last year. Dinnage commented: […]
Essel Group, the Subhash Chandra-controlled conglomerate, is looking to sell half of its holdings in entertainment business Zee Entertainment (ZEEL). Essel owns 41.6 per cent of ZEEL. Essel has appointed investment bankers Goldman Sachs and LionTree to research and identify potential partners as part of a wider strategic review. “It has been decided to undertake […]
A recent study of the content viewing behaviour of Thai consumers, commissioned by the Asia Video Industry Association’s (AVIA) Coalition Against Piracy (CAP), and conducted by YouGov, has revealed that 45 per cent of consumers use a TV box which can be used to stream pirated television and video content. These TV boxes, also known […]
The pay-TV football war is taken its toll on the performance of Vodafone Spain. In the first six months of FY 2018 (from April 1 to September 30), Vodafone Spain lost 98,000 subscribers and saw its revenues fall by 3.2 per cent to €2.42 billion. Revenues per service fell by 4.7 per cent to €2.20 […]
Anne Mensah is joining Netflix as Vice President of Content, leading the scripted series content team focused on British productions. Mensah, who has most recently served as Director of Drama at Sky Studios and was formerly a longtime BBC executive, comes to Netflix as it continues to invest in local programming across the UK, Europe […]
Sport TV has halted the distribution of its six premium sports TV channels on Portuguese cable TV operator Nowo. In a statement, Nowo said the decision was due its refusal to accept the new conditions imposed by Sport TV, including a 15 per cent price hike, which it considers “unfair, inadequate and out of alignment […]
Reflecting the trend for sports media companies to invest in the interface platforms they need to drive engagement, subscriber aggregation and monetisation, cross-platform app software development specialist You.i TV has announced the closing of $23 million (€26.35m) in growth capital, led by Causeway Media Partners, an investment fund focused on sports media, sports technology, and […]
South African regulator the Competition Commission has found that public broadcaster the South African Broadcasting Corporation and pay-TV operator MultiChoice have implemented a merger transaction, without notifying the Commission, in contravention of the Competition Act, and should now be investigated as such. On September 28th 2018, the Constitutional Court granted the Commission the right to […]