Orient Hontai will increase its shares in Spain’s TV group Mediapro by 30 per cent, up to 85 per cent for €620 million, according to El Confidencial. The Chinese group will pay €400 million to amortise part of the Mediapro’s debt €900 million whereas the rest, €220 million will be destined to increase the social […]
Mediapro US, which produces more than 5,500 hours of television content annually and operates 10 television channels, has added a new production centre in Florida located adjacent to its existing Miami headquarters. The Mediapro Group now has a total of four production centres located throughout the US: two in Miami, one in Brooklyn and the […]
Funds Searchlight and Invesco have acquired 50 per cent of over €900 million in Mediapro’s debt from other funds and banks to exchange for shares in the TV group, according to Expansión. The companies are also set to inject €150 million in the Spanish TV group to control it and mitigate its beleaguered financial situation […]
In a last minute bid, Amazon Prime Video has acquired the rights to eight Ligue 1 fixtures a week for three seasons in France, for a reported €275 million a year. These are the games previously owned by Mediapro. As a result the league’s long-standing broadcaster Canal+ has pulled out of its agreement to broadcast […]
Spanish TV group Mediapro has won its legal battle against Orange France concerning football fees payments to Telefoot. The Paris Commercial Court has ruled that Orange France must pay €3.6 million to Mediapro for the Ligue 1 and 2 football TV rights. The Court accepted Mediapro’s reasoning and refused Orange’s request of a compensation of over […]
Spanish TV group Mediapro has taken legal action against Orange France before the Paris Commercial Court demanding – €3.6 million over La Ligue 1 and 2 football TV rights. Mediapro justifies that amount on the grounds that it needs to pay its suppliers and former employees. Orange has refused that request and asked for a […]
Spain’s Mediapro will struggle for the cash to get through the next six months, according to US credit rating company Moody’s. Moody’s says that Mediapro is lacking the cash for payments due over the next six months, reports OK Diario. Mediapro will have “a liquidity deficit of at least €225 million for the next six […]
Spanish TV group Mediapro saw its revenues fall by 38 per cent to €1.1 billion in 2020, with a negative EBITDA of €215 million versus €224 in the green the previous year. The company, controlled by Chinese Fund Orient Hontai Capital, said that the suspension and stagnation of its activities due to the pandemic is […]
Mediapro, the Spanish TV group, has acquired the International TV rights to the Chinese Super League until 2023. The agreement takes place following the current owner of the rights, China Sports Media, breaking the contract following financial difficulties. The news also comes at a time when Mediapro is set to ask for a €300 million […]
Spain’s TV group Mediapro is reportedly set to request a €300 million financial rescue package from the public investment bank SEPI (Sociedad Estatal de Participaciones Industriales) to solve its economic problems brought on by the pandemic. The TV group, with 5,000 workers in the country and 3,000 outside, must fulfil criteria that it is a […]