The satellite industry’s big 5 operators (Intelsat, SES, Eutelsat, Telesat and Viasat) have all now reported their quarterly numbers and – in summary – they are not good. Sami Kassab, an analyst at investment bank Exane/BNPP, in a useful summary note to clients says that overall, operating trends for the industry remain challenging with Intelsat […]
Korean telco SK Telecom and Deutsche Telekom have entered into an agreement to establish a 5G technology joint venture. They will each hold 50 per cent of the joint venture and each will name one representative to lead the new entity. The joint venture will be headquartered in Germany. Through the joint venture, the two […]
Access Industries, a US-based industrial group with global strategic investments, has announced that former TikTok CEO and Walt Disney executive Kevin Mayer has joined the company as a senior media adviser. Mayer will focus on Access’ strategic media-related businesses and identify new opportunities, across media, entertainment and telecommunications sectors, from wireless communications and production services […]
The Premier League is set to scrap all pay-per-view matches after November’s international window. Football clubs will instead collectively look to devise a new solution that will cover the second lockdown period and the busy Christmas schedule. Although discussions are said to be ongoing, the controversial £14.95 fee for games not picked for TV are […]
Disney’s ESPN will reduce its workforce by about 500 people, network president Jimmy Pitaro has told employees. The US sports network has about 6,000 employees, so the cuts amoun to about 8 per cent of its total workforce. “For some time, ESPN has been engaged in planning for its future amidst tremendous disruption in how […]
DISH Network, the US pay-TV broadcaster, has reported revenue totalling $4.53 billion (€3.81bn) for the quarter ending September 30th 2020, compared to $3.17 billion for the corresponding period in 2019. Net income attributable to DISH Network totalled $505 million for the third quarter 2020, compared to $353 million from the year-ago quarter. Diluted earnings per […]
A special acquisition business, Churchill Capital, is amongst a growing number of companies looking at AT&T’s pay-TV assets. Churchill Capital raised $2.07 billion in July and there are numerous reports that they are interested in making a bid for certain AT&T assets. Also with an interest in the proceedings is Apollo Global Management is said […]
ViacomCBS has reported financial results for the quarter ended September 30th 2020. The US media conglomerate said it delivered “another quarter of robust growth in streaming”, with domestic subscribers rising to 17.9 million, up 72 per cent YoY, and Pluto TV domestic MAUs increasing to 28.4 million, up 57 per cent YoY. The company grew […]
Intelsat unveiled its Q3 results after the market closed on November 5th, and its Media segment (42 per cent of overall revenues) saw revenues of $203.5 million for the three months to September 30th. This was a fall of 9 per cent compared to the same period a year earlier. Intelsat is working its way […]
The rumours that some sort of consolidation could take place between SES and Eutelsat refuse to die. At the November 5th results conference, analyst Patrick Wellington from Morgan Stanley almost seemed to appeal to SES CEO Steve Collar to come clean and explain the position. Collar politely declined the invitation to deliver any information – […]