Sumner Redstone, the US billionaire media tycoon, has died aged 97. For nearly 30 years, Redstone led Viacom as Executive Chairman of the Board following National Amusements’s acquisition of a controlling stake in the company in 1987. He also held the position of CEO from 1996 until 2005, during which time Viacom merged with CBS […]
Sumner Redstone has died at 97 years-old, hardly an untimely tragedy. The man himself often attributed his phenomenal drive to his very close brush with death as a young man when he clung on to a window ledge to escape a burning hotel in Boston. But now he is gone. He was one of the […]
WaterBear Network, a new free interactive VoD platform dedicated to supporting life on earth, has unveiled its team of industry talent as it prepares for an autumn launch. A digital platform and mobile app, WaterBear will showcase award-winning documentaries, inspirational original content, live streaming – and most importantly, will facilitate awareness and action. With original […]
The White House and US Department of Defense (DOD) have revealed that the 3.45-3.55 GHz band will be made available for 5G, a move that has been welcomed by FCC Chairman Ajit Pai. The DOD worked closely with the Services, as part of America’s Mid-Band Initiative Team (AMBIT), and leveraged technical work performed by the […]
CuriosityStream Inc and Software Acquisition Group, a public special purpose acquisition company, (SPAC), which raised $150 million in November of 2019, announced that they are merging to turn Curiosity Stream into a NASDAQ company. The announcement was made by John Hendricks, Chairman of CuriosityStream, and Jonathan Huberman, Chairman of Software Acquisition Group. The combined company […]
FaceBank Group has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) relating to a proposed follow-on public offering of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering may be completed or as to […]
Banijay has revealed a revised executive structure for its UK holding, following the recent acquisition of Endemol Shine Group. From September, former ESG Chief Creative Officer, Peter Salmon, will lead Banijay UK as Executive Chairman, with former territory Chief Operating Officer, Lucinda Hicks, by his side, taking up the post of Chief Executive Officer. Moving […]
In-Flight entertainment and connectivity company Gogo is being hurt by the dramatic reduction in passengers on aircraft which is the backbone of its business. It is laying off 143 full-time positions in its Commercial Aviation division, and cutting salaries for all senior staff including the CEO. Gogo confirmed it is looking to sell its Commercial […]
Almost 500,000 premises across the UK have been connected to gigabit-capable broadband since summer 2018. This is part of a £1 billion (€1.11bn) government funding commitment until the end of 2021, with a further £5 billion for the hardest-to-reach areas to be earmarked soon. It means that, alongside commercial investment, more than 7.5 million premises […]
Thaicom has turned a Q1 net loss into a net profit for Q2, but revenues continue to suffer from the economic downturn. The shift in fortunes was largely down to compensation income and offsetting losses from foreign exchange, the company said. Cutting out these exceptionals and Thaicom’s profit was just Baht 2 million (€0.05m). The […]