Investment bank Berenberg, in its previews of media stocks for 2021, is downbeat on satellite operator SES. It is maintaining its ‘SELL’ advice to clients and gives a guide price for SES shares of just €6.80 per share. The bank downgraded SES last year and says it remains of the view that consensus forecasts will […]
Cairo-based satellite operator Nilesat has informed the Egyptian Stock Exchange as well as shareholders of its decision to modify its Articles of Association. The Nilesat board approved the addition of new activities to provide services, consultations, and integrated solutions for operating satellites and launching new satellite channels, the company said in a stock market disclosure […]
Comcast has joined the growing number of US companies that have re-thought their political contributions to some Republican legislators. Comcast issued a statement saying: “The peaceful transition of power is a foundation of America’s democracy […] This year, that transition will take place among some of the most challenging conditions in modern history and against […]
Bruce Tuchman, formerly President of Sundance Channel Global, AMC Global and MGM Networks, and New Zealand’s Rialto Channel Limited have launched Rialto International, a 50-50 joint venture to bring Rialto branded streaming, SVoD, AVoD and linear television services of premium indie content to countries and territories worldwide. The parties announced the new joint venture on […]
UK multiplay operator Virgin Media has introduced a series of measures to help keep its customers connected and entertained during the latest nationwide lockdown. The operator is making a variety of pay-TV channels and on-demand programming available for customers at no extra cost, and is also providing free mobile data to ensure families facing financial […]
In advance of the NENT Group Annual General Meeting of shareholders to be held on May 19th, NENT Group Chair David Chance has decided not to stand for re-election. The NENT Group Nomination Committee proposes the election of Pernille Erenbjerg as the new Chair of the Board. Erenbjerg has served as member of the NENT […]
fuboTV is buying interactive gaming company Vigtory, and expects to launch a sportsbook before the end of the year. Terms of the deal were not disclosed but is expected to close in the first quarter of 2021. fuboTV intends to leverage Vigtory’s sportsbook platform and digital gaming assets, and its consumer-driven betting technology, to develop […]
Pay-radio company SiriusXM told the NASDAQ exchange that it added 909,000 new subscribers to taking the operator’s total self-pay numbers to 30.9 million “and beating its most recent guidance”. Moreover, SiriusXM says it expects to meet or exceed its overall 2020 guidance for revenues and cash-flow. As far as 2021 is concerned SiriusXM says it […]
Sky has appointed Tim Pearson as the new Managing Director of Sky Media UK, replacing John Litster who is stepping down from the role after eight years, and following a 25-year career with Sky. Pearson will join Sky from Omnicom in March following 21 years with the media group where he is currently OMD Group […]
BT and the BBC have announced plans to zero rate the hugely-popular online education strand BBC Bitesize for all EE, BT Mobile, and Plusnet Mobile customers, while UK schools remain closed. The first of its kind agreement means that from the end of January 2021, customers of EE, BT Mobile and Plusnet Mobile accessing BBC […]