The US’s FCC has confirmed what it describes as the successful conclusion of bidding in its auction of Priority Access Licenses in the 3550-3650 MHz band for 5G, raising some $4.5 billion, although it has yet to name the successful bidders. The auction made available the greatest number of spectrum licences ever in a single […]
CuriosityStream, the independent factual media company reaching more than 13 million paying subscribers worldwide, has appointed entertainment and cable industry pioneer Matthew Blank to its board of directors effective immediately. Blank is the former Chairman and CEO of Showtime Networks, responsible for iconic global franchises including Homeland, Dexter and Billions. The announcement was made by […]
It will cost almost $500 million to refurbish the Sea Launch floating rocket launch platform according to reports. Russia’s deputy prime minister, Yuri Borisov, recalled that before the floating spaceport left its port at Long Beach, California, the US – in accordance with its laws – removed all equipment from the command ship and the […]
August 24th saw IMAX’s share price jump 14.39 percent helped by positive news from its Chinese division. A movie, The Eight Hundred, the first-ever Chinese blockbuster production to be entirely filmed with IMAX cameras, had a very strong opening weekend in China with $116 million in box-office receipts over the 3-day weekend. IMAX controls just […]
The US Trustee, a division of the US Justice Department, has applied to Intelsat’s bankruptcy court asking for the court to rule that the “hundreds of millions” being held in associated locations, companies and banks must be added to Intelsat’s bankruptcy pile. The Trustee is objecting to the current scheme. Intelsat has been approved to […]
The Jeff Bezos-backed Project Kuiper will see investment topping $10 billion, says Chris Quilty, senior researcher at Florida-based Quilty Analytics, in the firm’s latest Satcom Quarterly Briefing. The end result, for broadband consumers, could be impressive. Quilty is blunt, saying that Amazon’s involvement in the plan to launch 3236 satellites to Low Earth orbit (LEO) […]
Kuwait Projects Co, (KIPCO) the ultra-patient investor in Dubai-based pay-TV operator OSN (the former Orbit Showtime Network), will stay with the broadcaster a little longer. It has been looking to sell the business, or bring new partners on board, since 2018. KIPCO says the Covid pandemic has created a downturn in in the local markets […]
Tony Hall, Director-General of the BBC, has revealed the Corporation’s ambition to reach a global audience of one billion by the end of the 2020s, going beyond his original aim of doubling its global audience to reach 500 million people by 2022. Delivering the Opening Address of the Edinburgh International Television Festival via Zoom, Hall […]
Video-sharing app TikTok is preparing to launch legal action to challenge a ban imposed by US President Donald Trump. Trump’s executive order prohibits transactions with TikTok’s owner ByteDance from mid-September. Officials in Washington are concerned that the Chinese-owned company could pass data on US users to its own government – something ByteDance has denied doing. […]
India State Research Organsation (ISRO) said last week that it wasn’t going to be privatised. But that hasn’t stopped plans to bring the private sector into many of its current functions. India’s government is now creating a batch of changes and reforms which will result in greater participation of India’s creative public sector and industries […]