New Jersey-based Orbcomm, which supplies satellite-based Internet of Things and M2M connectivity, is being bought by GI Partners. GI Partners is paying a premium of some 52 per cent on Orbcomm’s closing share price of April 7th. Orbcomm has more than 30 satellites in low Earth orbit, and has a list of blue-chip clients who […]
CVC Capital Partners is reportedly making a $20 billion (€16.8bn) bid to buy Japanese electronics giant Toshiba. The intention is to take Toshiba into private ownership. Toshiba said it “will ask for further clarification and give it careful consideration”, but did not provide any further details, according to London financial daily City AM. The proposed […]
TV/OTT equipment supplier DVEO has announced the passing of CEO Laszlo (Les) Zoltan following a short illness at the age of 73. He will be deeply missed by his family, friends, coworkers, and the broader broadcasting / tech community. A company tribute says: “Les was deeply passionate about technology, and cultivated an impactful career over […]
A tough new UK regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched. The Digital Markets Unit (DMU), based in the Competition and Markets Authority (CMA), will oversee plans to give consumers more choice and control over […]
Gordon H. Smith, President and CEO of the National Association of Broadcasters (NAB), has announced his plans to transition to an advisory and advocacy role effective December 31st 2021. The organisation’s Chief Operating Officer, Curtis LeGeyt, has been named the next president and CEO of NAB, effective January 1st 2022. In a video message to […]
Although the planned merger combining Virgin Media and O2 is still subject to approval by the Competition and Markets Authority (CMA) in the UK, Liberty Global and Telefónica have announced their intention to appoint Lutz Schüler as Chief Executive Officer and Patricia Cobian as Chief Financial Officer of the proposed 50-50 joint venture. Schüler joined […]
New NEXTGEN TV advertising, with a debut introduction in late 2020 on local television stations in the US, is resonating strongly with consumers, according to research from consultancy firm Magid. The marketing campaign promoting the digital television standard ATSC 3.0 – the so-called NEXTGEN TV – began in November 2020 and ran through the holiday […]
IRIS.TV, the video data platform, has announced the completion of a $18 million Series B funding round. Intel Capital, a division of Intel Corporation, led the round, with participation from investors including WISE Ventures, Quest Venture Partners, and Mirae Asset Venture Investment. The round also included prominent names in the space including Mike Baker, founder, […]
US industry trade bodies Consumer Technology Association (CTA) and NCTA – The Internet & Television Association (NCTA) have extended through 2025 the Voluntary Agreement for Ongoing Improvement to the Energy Efficiency of Set-Top Boxes. The agreement, which has already saved consumers $7 billion in energy costs and avoided 39 million metric tons of CO2 emissions […]
SpotX, the global video advertising platform, continued its profitable growth track-record and ended 2020 with what it has described as “outstanding financial results and significantly more access to consumers”. As the pandemic raged across the globe, a record number of viewers tuned in to streaming TV in 2020. Advertisers took notice by diversifying their ad […]