Nordic Entertainment Group (NENT) reported that at its AGM on May 19th, shareholders voted to approve a 10 per cent repurchase of the company’s shares. NENT operates video streaming services for its pan-Nordic customers on its Viaplay and Viafree as well as pay-TV platform Viasat. Its holdings include several free-to-air TV channels including TV3 Sweden, […]
Altice has confirmed plans to exit the pay-TV sports rights market as part of a raft of measures designed to protect its audio-visual business. “The unpredictable and inflationary rights and pay-TV market requires a rapid and wide-ranging review of the organisation of our pay-TV structures,” the French telco said in a statement. The retreat will […]
The BBC’s Annual Plan reveals that people across the UK have turned to the broadcaster in record numbers as a source of news, entertainment and companionship during the Covid-19 pandemic. New figures show that as many as 94 per cent of the UK adult population – and 86 per cent of younger people – have […]
Intelsat’s shares were suspended from trading on the New York Stock Exchange (NYSE) on May 19h. The news was not unexpected and follows on from Intelsat’s move into Chapter 11 ‘Debtor in Possession’ bankruptcy. NYSE had commenced proceedings on May 14th. “Intelsat had the right to request a review of this determination by a Committee […]
Graham Wallace will join the Eleven Sports leadership team, as Chief Corporate & Finance Officer for parent company Aser Ventures. Wallace joins from Gfinity, where he oversaw the growth of the eSports solutions provider. His previous roles include CFO for MTV Europe and CFO for IMG Media, where he was responsible for the financial performance […]
At a time when many other manufacturers are cutting back, LG Electronics is expanding its TV business with an eye on further diversifying its production footprint and stepping up capacity. The key component of this strategy will be LG’s Cibitung facility in Indonesia which will become the company’s new regional hub, taking over two of […]
Netflix, in alliance with the Argentine Academy of Cinematography Arts and Sciences, has announced the creation of the Covid-19 Film and Audiovisual Industry Relief Fund, to provide financial aid to support more than 1,000 workers in the sector. A donation of 40 million pesos (€1.5m) will be administered by the Academy to be distributed among […]
Bob Chapek, Chief Executive Officer of The Walt Disney Company, has announced that Rebecca Campbell has been named Chairman, Direct-to-Consumer and International. Campbell is a 23-year Disney veteran who has held leadership roles across the Company’s media, international and parks businesses and most recently served as President of Disneyland Resort. As Chairman, Direct-to-Consumer and International, […]
ViacomCBS Networks International (VCNI) has announced that Ezequiel Fonseca Zas, formerly Senior Vice President of Emerging Business for VCNI Americas, has been promoted to General Manager of Streaming and Mobile for International. For his streaming responsibilities, Fonseca Zas will report to Pierluigi Gazzolo, VCNI’s President of Streaming and Studios, and for his mobile responsibilities to […]
The bankruptcy and sell-off of mega-constellation OneWeb’s assets has become extremely interesting. Analysts at Quilty Analytics were on the case and suggesting that the auction now has 30 interested parties having signed NDAs, and that with Chinese, British, French and US interests involved it is turning into a real-life Game of Thrones. Indeed, Quilty says […]