Mediaset has reported a net profit of €29.4 million for the third quarter of 2020 and of €10.5 million for the first nine months. According to the broadcaster, the positive performance was due to prompt action on costs, growth in TV ratings and strong revenues generated by the advertising companies. For the 9 month period, […]
fuboTV, the US sports-first live TV streaming platform, has announced its unaudited financial results for the third quarter ended September 30th 2020. The company, which closed its public offering on October 13th, delivered the strongest quarter in its history and exceeded previously raised guidance with solid growth in revenue, subscription and viewership. Q3 2020 highlights […]
French audiovisual media group Canal+ Group and digital security specialist the Kudelski Group have confirmed the shutdown of a piracy organisation based in Canton of Vaud (Lake Geneva region), that delivered French-speaking on-demand content to thousands of customers. It is the first piracy shutdown of its kind in Switzerland. The operation is the result of […]
Europe’s two big names in satellite communications saw large uplifts to their share prices thanks to the news about a probable Covid-19 vaccine. Eutelsat rose a significant 9.56 per cent on November 10th (and at one point hit €9.70). SES rose 3.9 per cent to €7.99 (and at one point touched €8.12) per share. The […]
BT Group has announced the appointment of Bridget Lea as Managing Director of Commercial for its Consumer division, following the departure of Ettienne Brandt. Lea joins the business from Sainsbury’s and Argos, prior to which she led Stores, Online and Omnichannel at O2 for almost six years. She is also on the Board of Governors […]
Israel-based specialist satellite communications company Gilat, which had hoped to see itself merged by now with Comtech Telecommunications, has reported its Q3 numbers saying its revenue was negatively impacted by the ongoing pandemic, and even more so by the litigation with Comtech. Comtech has agreed to pay Gilat $70 million for terminating its merger commitment. […]
Universal Television has promoted longtime NBCUniversal executive Erin Underhill to President following Pearlena Igbokwe exiting the role to head the Universal Studio Group. Underhill, who has been with the company since 2000, was most recently EVP Drama Development, a position she has held since 2017. It marks the first of three major hires for Igbokwe’s […]
Intelsat is currently working its way through its Chapter 11 bankruptcy reorganisation. Prior to the declaration of bankruptcy, the company’s debt burden was some $15.2 billion. It was massively weighed down by interest payments on that debt, costing the company more than $200 million per quarter-year. Intelsat says it is looking to mitigate a major […]
CommScope, a global player in connectivity solutions for communications networks, has appointed John Jack Carlson as Chief Commercial Officer. Carlson will lead the company’s global organisation of go-to-market professionals, including direct and indirect sales, customer experience and marketing. He will be responsible for the development and growth of CommScope’s sales and marketing operations, executing on the company’s […]
UK Culture Secretary Oliver Dowden has confirmed that negotiations over the level of the next BBC licence fee are getting under way and that he has assembled a panel of broadcasting and tech experts to help shape the future of public broadcasting. Writing an opinion piece in UK daily The Telegraph, Dowden says the BBC […]