In response to the real-terms cuts to the Department for Culture, Media and Sport’s budget announced in the Spending Review, Dame Caroline Dinenage, Chair of the Culture, Media and Sports Committee of the UK House of Commons, said: “A real-terms cut for DCMS is the wrong choice by the Chancellor. Promises of significant increases for […]

MultiChoice Group has reported that it “demonstrated resilient operational performance” for the year ended March 2024, delivering a 26 per cent trading profit margin in South Africa, while increasing trading profit in the Rest of Africa by 48 per cent, despite a challenging macro-economic conditions. Clear strategic milestones were reached, with the group successfully launching […]

LiveU, a specialist in live IP-video contribution, production and distribution solutions, is deepening its commitment to the German-speaking market with the appointment of two new team members in Germany. LiveU says the expansion represents a significant step in its strategy to provide in-person consultations in local languages and deepen personal relations with key customers and […]

Investment bank Cantor Fitzgerald, in a report on New Zealand and Long Beach-based Rocket Lab, has raised its price target from $29 to $35. Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on the NASDAQ index and keeps an Overweight rating on the shares after hosting meetings with management. The firm sees Rocket […]

Roku has announced that James Kelm will join the company as Vice President of Product, Advertising and Media. Kelm will be responsible for driving innovation in ad technology, enhancing audience targeting and measurement, and driving the evolution of streaming ad formats to maximise engagement and revenue. He will report to Mustafa Ozgen, President, Devices, Product […]

Electric Entertainment, the LA-based production and distribution company, has announced the promotion of Michael Johnson to Director, Streaming & Content Operations for ElectricNOW, the OTT app and FAST channel from Electric Entertainment. In his new role, Johnson will now handle all aspects pertaining to the app and channel, including those for ElectricNOW en Español. Dean […]

Anti-piracy coalition the Alliance for Creativity and Entertainment (ACE) has confirmed MHL, Pakistan’s leading licensed content distribution and broadcast services provider. as its newest member. MHL delivers end-to-end broadcast and OTT services for content providers, platforms, and distributors. MHL owns Begin, a subscription-based OTT platform offering premium Western entertainment and sports content to Pakistani audiences. […]

The European Union has “unconditionally” approved the SES purchase of Intelsat (for €3.1 billion plus debt) and joins the UK’s decision to permit the acquisition to go through. Approvals from the US, including permissions to reassign Intelsat’s frequency licences to SES, are still outstanding. “The Commission concluded that the transaction would not raise competition concerns […]

Eutelsat’s new CEO, Jean-François Fallacher, is “racing” to secure fresh funding in order to save OneWeb according to Bloomberg. The constellation of low-Earth orbit (LEO) satellites is seeking to challenge Elon Musk’s Starlink and the upcoming Jeff Bezos-backed Project Kuiper LEO system. The industry expects Fallacher to be successful. “After all, why would he have […]

ITV Studios has named Tim Carter as Managing Director,  Unscripted, UK. Currently CEO of ITV Studios’ MultiStory Media and Twofour, Carter will take up the role in the summer from Angela Jain and will assume responsibility for all of ITV Studios’ unscripted business in the UK, which houses 11 unscripted labels. Carter will report directly […]