Ericsson has acquired HyC Group, a leading Spanish company in TV consultancy and systems integration. The acquisition further strengthens Ericsson’s position in the services and multimedia domains as a systems integrator of IPTV solutions. The HyC acquisition follows Ericsson’s acquisition of Tandberg Television, provider of advanced video compression technologies, at the beginning of the year. […]
Channel Four has been fined £1.5 million by media watchdog Ofcom for misconduct involving phone-in competitions on popular programmes Richard and Judy and Deal or No Deal. Viewers were urged to call a premium number after contestants had already been chosen on Richard and Judy. Deal or No Deal selected competition finalists in a way […]
Philips Electronics has reached an agreement in principle to sell its Set-Top Boxes (STB) and Connectivity Solutions (CS) businesses to UK-based technology provider Pace Micro Technology. Philips will sell the businesses to Pace in exchange for 70 million Pace shares. Philips will retain 22.5 per cent of the enlarged share capital of Pace. The deal […]
Funding received by the BBC via the licence fee could soon be diminished following possible reforms ordered by media regulator Ofcom. One option under review could lead to the licence fee being sliced up so that money could be channeled to other organisations to spend on “public service” web and television ventures. Though the BBC […]
Discovery Holding Company and Advance/Newhouse Programming Partnership announced that they have signed a non-binding letter of intent pursuant to which DHC and Advance/Newhouse will combine their stakes in Discovery Communications. This will mean DHC will spin-off to its shareholders a wholly-owned subsidiary holding the networks and creative services businesses of Ascent Media Group. Immediately following […]
Omneon, provider of media server and active storage systems for the broadcast and digital content storage markets, has acquired Castify Networks, a provider of software-based solutions for managing the distribution of digital content over the Internet and private Intranets.Castify’s end-to-end software solutions enable enterprises and service providers to build scalable, easy-to-manage, and cost-efficient service delivery […]
The UK Competition Commission is expected to file its report on Sky with the government shortly and reports say it will recommend Sky's stake in ITV is cut to below 10 per cent. According to the FT Sky will be asked to reduce its stake to about 7 per cent, to bring it more into […]
BBC Worldwide, the commercial arm of the BBC, is reportedly trying to buy cable group Virgin Media’s share of UKTV, the TV channel business that the two organisations jointly own. Virgin Media’s investment in the 50/50 joint venture is valued on the company’s books at £370 million, (E536m) including a £150 million loan. The joint […]
Netgem has acquired the shares of institutional investors in Glowria, the leading French Internet DVD rental and a video on demand services operator. Glowria has up to now been financed by those investors; Seventure (Natixis Group), Crédit Agricole Private Equity and Mousse Partners. Through this acquisition, Netgem and Glowria will offer their customers and partners […]
Rupert Murdoch has effectively confirmed son James Murdoch is his choice to take over News Corp. For now, James moves up at Sky to become non-exec chairman, while becoming CEO for News Corp outside the US. Meantime, Rupert Murdoch leaves the board of Sky – where News Corp owns 39 per cent – after 18 […]