Jessica Rosenworcel, the FCC’s acting chair, says the 5G auction for new spectrum in the US has ended. “Stay tuned for the final results of this auction,” she tweeted. “We’ll make [the results] known through a Public Notice in a few days. Another big step forward for 5G.” She continued: “Congrats to the FCC’s outstanding […]
SpaceX has wrapped a fundraising round of a reported $850 million (€704.4bn) to help pay for his new Starlink launches and development work on his Starship/Mars project. CNBC reports that the new cash was generated by the sale of shares at an impressive $419.99 per share and thus giving the privately held business a value […]
Discovery has announced that Patrizio Spagnoletto will join the company as Global Chief Marketing Officer, Discovery Direct-to-Consumer. Spagnoletto will be based in Los Angeles and report to the company’s President and CEO of Discovery International JB Perrette in his role helping to operationalise Discovery’s direct-to-consumer activities. Spagnoletto joins Discovery as the company scales its recently launched subscription streaming […]
Velocix, a provider of carrier-grade video streaming and advertising technology, has announced the promotion of Anthony Berkeley to Chief Executive Officer. Berkeley was most recently Chief Operating Officer at Velocix, and he has previously held senior leadership roles in sales, product, and professional services during his 11-year tenure with the company. Prior to Velocix, he […]
Brand data, analytics, and services provider Corsearch has extended its global anti-piracy and anti-counterfeiting solutions with the acquisition of London-based content protection specialist Entura. Following the acquisition of Marketly in 2020, Corsearch says this new deal cements its position as the market leader for end-to-end online content protection, and further enhances its support for content […]
A Milan Court has issued an order to US provider CloudFlare to stop providing hosting services to illegal IPTV operators. Failure to do so will result in a penalty of €5,000 for each day of non-compliance with the judge’s order. The Specialised Business Section of the Milan Court also ordered provider Google Ireland to provide […]
M6, the French national TV channel, has posted a consolidated revenue of €1.27 billion in 2020, down 12.5 per cent (€182.5 million) partly due to the Covid-19 crisis and the fall in ad revenues to €980.5 million (down €127.4 million or 11.5 per cent) but has recorded a stable TV business EBITA at €225.6 million […]
London-based speciality satellite operator Avanti Communications has borrowed another $30 million and been given an additional lifeline by its lenders for its $145 million-worth of borrowings. But the money comes with a sting in the tail. The lenders have granted an extension to the repayment obligations to Avanti, setting January 31st next year as the […]
Israel-based satellite communications business Gilat Satellite Networks reported its results for Q4/2020, and full year ended December 31st 2020. Q4 revenues of $42.6 million versus $78.3 million in Q4 2019 and improved from $37.3 million in the previous quarter. Its GAAP operating income of $62.7 million versus $9.2 million in Q4 2019 and an operating […]
Giant cinema screen operator IMAX saw its share price rise 6.4 per cent on February 16 as a direct result of solid box office receipts and attendance numbers at its Chinese theatres. IMAX, in a statement, said that it had enjoyed the best opening weekend for Chinese New Year holiday attendance. At $20.47 per share […]