]LG’s Display division says it has completed the sale of its last remaining LCD factory. China’s consumer electronic giant TCL Technology Group was the buyer. The sale marks the end of LCD TV panel manufacturing for the South Korean company. LG Display’s final LCD TV panel factory in Guangzhou, China, was sold to TCL CSOT […]
To address the group’s development plans and “strengthen the synergies” between the various Canal+ regions (now operating in 52 countries), Maxime Saada, CEO of Canal+, has extended the undertakings of the Management Board. Jacques du Puy, Amandine Ferré and Anna Marsh have also taken on new responsibilities as outlined: Du Puy, Member of the Management […]
Madhive, the unified operating system for local media, has announced the appointment of industry veterans Michael Kim as Chief Product Officer (CPO) and Laura Colona as Chief of Staff. “With the local media landscape evolving rapidly, we’re focused on building the team and technology to lead this transformation,” said Spencer Potts, CEO of Madhive. “Michael […]
Netflix has told staff it is targeting a trillion-dollar valuation by the end of the decade. On the way it is aiming to double revenues by 2030. Shares climbed following the reports in the WSJ – citing attendees of an annual business review meeting – but would have to climb about 150 per cent from […]
Anti-piracy body the International Broadcaster Coalition Against Piracy (IBCAP) has developed a proprietary, automated software-based system to identify and remove infringing video-on-demand (VoD) content on set-top boxes (STB) and IPTV services. This VoD-focused system complements IBCAP’s existing proprietary software, which is already being used in removing infringing linear channels, further enhancing the coalition’s ability to […]
German antitrust body the Bundeskartellamt has sent Vodafone Group, Vodafone GmbH and Vantage Towers AG its preliminary legal assessment relating to the shortcomings in providing antenna sites to 1&1. Previously in 2021, Vodafone’s group company Vantage Towers had contractually agreed to provide the sites. However, massive delays have occurred since then. Vodafone and Vantage Towers […]
Ericsson has reported that organic sales were stable in Q1, with strong growth in market area Americas offset by declines in other market areas. Reported sales were SEK 55 billion (€4.97bn). Net income was SEK 4.2 billion, and free cash flow before M&A stood at SEK 2.7 billion. Börje Ekholm, President and CEO, commented: “We […]
ProSiebenSat.1 Media has acquired the remaining 10.1 per cent of shares in Jochen Schweizer mydays Holding held by founder Jochen Schweizer via Jochen Schweizer Beteiligungs since ProSiebenSat.1 initially took a stake in the company in 2017. Based on former contracts the media company has now exercised the existing purchase option to transfer the founder’s remaining […]
The US-funded Arabic language Al Hurra satellite news channel is close to having to cease broadcasting with the Trump administration’s decision to cut its funding. Al Hurra, which launched in 2004 to counter anti-American sentiment, has a claimed 30 million viewership over the Middle East and North Africa. Local reports say that in notices to […]
FitTech company WithU has announced that it will assume full ownership of its Mvmnt brand, formerly operated as a joint venture with Sky. The move will mark the beginning of the global expansion of Mvmnt, as WithU targets the growing digital fitness market in new territories. Launched in 2022, Mvmnt was created as a result […]