Nilesat has continued to see pressures on its revenues and net profit. The Cairo-based satellite communications company reported a 17 per cent reduction in its net profit for the first six trading months of 2020. According to its statement filed to the Egyptian Stock Exchange, the satellite operator said its net profit stood at $19,564,668 […]
Philippines multiplay telco Globe Telecom has reaffirmed its stance against online piracy and support for legitimate content consumption. “As the bridge between content creators and content users, Globe Telecom strongly advocates against online piracy which enables illegal streaming or downloading of unfiltered content,” it says, noting that in 2018, Globe launched its #PlayItRight anti-online piracy […]
Andy Bird CBE is the new CEO at publisher Pearson. Bird is well known in media circles thanks to his roles heading up Disney’s international businesses as Chairman from 2004, and prior to that his time at Time Warner as SVP/General manager of Turner Entertainment. In 2000 he became president of TBS International. Pearson has […]
DAZN Group, the sports subscription and distribution company, is looking to raise new investment of as much as $1 billion. It is reportedly consulting advisors on options including selling assets and an IPO. This is not the first time that the media company has sought investment. Fund raising efforts for $500 million were first reported […]
ITV and BBC Studios (BBCS) are set to invest more than A$35 million (€21.2m) into BritBox’s Australian operation, which is scheduled to launch this autumn. BBCS and ITV will both invest A$17.7m ($12.7m) into the SVoD platform over the next three years. The service, which launched in the US in 2017, and has since also […]
India’s Space Research Organisation (ISRO) will not be privatised according to its Chairman, K Sivan. India is reforming its space sector and there had been suggestions that one aspect could mean privatising ISRO. ISRO already has a commercial arm that handles many of its responsibilities especially the rental of capacity on many of India’s satellites. […]
ITN has announced that Mohammed Akhlaq will join as its new Chief Technology Officer (CTO) from October 1st. Akhlaq most recently worked with Turkish Radio and Television Corporation (TRT), where he has held senior strategic technology roles since 2016, latterly as a consultant and previously as Director of Technical Operations. He has also held roles […]
OneWeb, currently proceeding slowly through its Chapter 11 bankruptcy reorganisation, is asking the US government to relax its rules on importing satellite components and materials under its Foreign Trade Zone regulations. The Foreign Trade Zone (FTZ) rules permit businesses to lower import duties and easier customs processes. OneWeb has made its application via its joint-venture […]
SpaceX has generated some $1.9 billion of fresh funding during August, and according to reports, is still looking to raise more cash. The initial target was to raise $2.066 billion. The cash-raising exercise follows on from SpaceX raising $346 million in May. The news comes as Musk achieves 4th position as the world’s richest person […]
The Kudelski Group, a provider of media content protection and value-added service technology, has published its 2020 half year results. Total revenues and other operating income decreased from $400.6 million to $320.1 million. Net revenues for the Group decreased by 19.9 per cent to $316 million, a 18.6 per cent evolution in constant currency, reflecting […]