Following the recent Annual General Meeting of the Asia Video Industry Association (AVIA), four new members have joined the Board of AVIA and a new Chairman has been elected. The new Chairman and board members are from across the spectrum of the video industry, both geographically and functionally, and include heads of content companies as […]
WarnerMedia’s AT&T has agreed to sell its Crunchyroll anime business to Sony’s Funimation Global Group in a deal worth $1.175 billion (€0.9bn). Crunchyroll is an anime direct-to-consumer service within AT&T’s WarnerMedia segment with over 3 million SVoD subscribers and growing. It currently serves 90 million registered users across more than 200 countries and territories offering […]
ViacomCBS has confirmed the appointment of Raffaele Annecchino as President and CEO of ViacomCBS Networks International (VCNI), effective immediately. He succeeds David Lynn, who is stepping down and will depart the company following a transition period.
Amazon Prime Video and Amazon Studios have announced a €500,000 commitment to support workers working behind the scenes in Germany’s entertainment industry that have been affected by the Covid-19 pandemic. Many TV and movie productions, concerts and other events have been delayed or came completely to a halt due to the Covid-19 crisis. As a […]
Intelsat’s bankruptcy court has been asked to approve bonus payments for the operator’s key staff. The court will decide on December 21st whether to grant the request. Intelsat, in its filing earlier this week, stressed that despite the reconstruction of the company under Chapter 11, the every day work has to continue. Consequently, the KEIP […]
Formula 1 has managed the pandemic “reasonably well”, says a report from investment bank Berenberg, and is now well-positioned for 2021 growth and an improvement in revenues. “F1 will exit the year in arguably the best operating position it has been in years. This year, management and all F1 teams signed a host of agreements […]
Danish company TRIAX and Spanish company Ikusi Multimedia announce the planned merger of the two companies in an agreement between TRIAX owner Polaris Private Equity and Ikusi Multimedia owner Velatia Group. With headquarters, production and R&D base in Hornsyld, Denmark, TRIAX A/S is a global supplier of products and solutions for the reception and distribution […]
The US Senate has confirmed outgoing President Trump’s nomination of Nathan Simington to a seat on the Federal Communications Commission (FCC). Simington’s nomination followed Trump’s withdrawal of sitting member Michael O’Rielly’s candidacy shortly after the cancellation of his second confirmation hearing before Senate having reportedly expressed reservations about the President’s attempt to use his executive […]
SES could extend its legal action currently against Intelsat to Intelsat’s affiliate businesses and even to major shareholders. The threat is included in the SES filing deposited with Intelsat’s Chapter 11 bankruptcy reconstruction court on December 4th. SES is alleging a breach of contract claim against Intelsat over the division of revenues associated with the […]
Pay-radio operator SiriusXM enjoyed a 2 per cent rise on its share price after it announced that ‘shock-jock’ Howard Stern had renewed his contract with the operator. Stern has signed on for another five years while Stern’s archive of audio and video material will be exclusive to SiriusXM for seven years. “As the leading audio […]