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 […]
Argentine justice has struck a decisive blow against audiovisual piracy in Latin America by arresting the founder of the website Al Angulo TV for the illegal broadcasting of national and international football matches and high-profile sporting events such as Formula 1 and La Liga football. The arrest took place after a police raid at the […]
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 […]
The move by the UK government to shift the UK Space Agency into its Department for Science, Innovation & Technology (DSIT) has been described as both good news, and bad, for the UK space sector. The UK Space Agency (UKSA) is an independent government-backed entity, and the core news is that it is being scrapped […]
Disney Entertainment has made new leadership hires in its technology organisation. Adam Smith, Chief Product & Technology Officer, Disney Entertainment & ESPN, shared internally that he has hired two new Executive Vice Presidents (EVP) – Tony Donohue and Erin teague – as he continues to add to his leadership team. Donohoe joins immediately as EVP, […]
Sunrise, the Swiss telco, has reported a “solid but softened” net increase of 18,000 mobile postpaid subscriptions in Q2 2025, while the number of Internet subscriptions remained unchanged on an organic basis. Price increases and the resulting deliberate broad reduction of aggressive price promotions were cited as driving factors. Compared to the previous quarter, revenue […]
Shivani Wadhwa has been appointed as the new Director of Human Resources at the EBU. Wadhwa brings more than two decades of international experience in people and culture leadership, with a strong track record in change management, diversity and inclusion, and organisational development in complex global environments. She joins the EBU from WWF International where […]
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 […]
Munich-based Mynaric, which makes satellite laser terminal links, has exited the German version of Chapter 11 (StaRUG). Back in March, Sir Peter Beck’s Rocket Lab announced plans to acquire Mynaric but there’s now a new owner in place. The new owner is JVH-Holding, which had been Mynaric’s main creditor but agreed to waive $105 million […]
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 […]