Investment bank Goldman Sachs has dramatically upgraded its view on Eutelsat’s prospects, from ‘Sell’ to ‘Neutral’. The bank admits that its previous advice to ‘Sell’ was “the wrong call”. “With the recent EC announced proposal to establish a loan fund of up to €150bn to support European defence spend, Eutelsat shares have risen materially (c.+550% […]
Backlight, a media and entertainment software solution provider, has announced the appointment of Kathleen Barrett as its Chief Executive Officer. After more than a decade of leading video businesses, Barrett most recently served as CEO of IAC subsidiary Mosaic Group, one of the largest non-gaming app developers in the world with over 40 products and […]
Investment bank Goldman Sachs has downgraded its outlook on Eutelsat from ‘BUY’ to ‘Neutral’. It has also dramatically reduced its target share price from €14 to €4. The report prompted further falls in Eutelsat’s already under pressure share price. The bank’s report says its reassessment comes in the wake of concerns regarding the financial implications […]
The auction for All3Media has reached its final stage with three frontrunners: Banijay, Peter Chernin’s North Road, and a venture bid from Goldman Sachs are all in the running. Going up for sale in May with a sought price of around £1 billion (€1.15bn), All3Media is co-owned by Warner Bros Discovery (WBD) and Liberty Global. […]
Comcast and The Walt Disney Company are to bring forward the start date to decide the valuation of Hulu from January 2024 to the end of September 2023. Chairman and CEO Brian Roberts said Comcast will base the sale of its 33 per cent stake in the joint venture on a valuation of over $30 […]
Madhive, an advertising software platform engineered for modern TV advertising, has signed a definitive agreement with the Private Equity business within Goldman Sachs for a $300 million (€277.9m) investment in the company. Goldman Sachs’ equity investment comes as Madhive’s connected TV (CTV) advertising software platform is playing a role in the TV industry’s expansion from […]
The potential link between the world’s two largest satellite operators, SES and Intelsat, is intriguing the market. The news – at this stage more rumour than hard fact – follows on from a slew of similar mergers/acquisitions in the sector including Viasat’s upcoming purchase of Inmarsat, Eutelsat’s merger with OneWeb, and plenty of smaller satellite-based […]
Entertainment technology startup Exeest has announced a $3.1 million seed round that will fuel the growth of the company’s global digital B2B marketplace for entertainment content. As the streaming wars go global and content pipelines need to be filled, Exeest offers the safest and easiest way for buyers and sellers to discover, access, screen and […]
DirecTV is raising $3.1 billion (€2.6bn) of so-called ‘junk bonds’ (Senior Secured Notes) to help in its split from AT&T, according to an announcement from AT&T. The offer is for a 6-year period and the bonds will be priced on July 22nd and will come from DirecTV Entertainment Holdings. The cash will be used to […]
Ed Horowitz ran SES’s Americom business from 2005-2008 and was an Executive VP at Viacom for 8 years (1989-1997) and SVP/Operations at HBO (1974-1989). In other words, he has plenty of media and satellite experience. He now wants to raise $250 million for his next venture which is very much space related. For the past […]