Now entering its fourth year, The Saudi Cup will be distributed around the globe by 35 broadcasters in 170 territories on February 24th and 25th, further extending the reach of the $20 million event. The Group 1 Saudi Cup continues to rise in reputation as one of horseracing’s premier events. This is reflected by a […]
WWE, the wrestling entertainment company has hired multiple advisors to help the company’s potential sale. WWE said it has retained The Raine Group as financial advisor, Kirkland & Ellis as legal advisor, and August as strategic communications advisor to “support the management team and its Board of Directors in connection with a review of strategic […]
Rumours are circulating that WWE, the wrestling entertainment juggernaut, is set to be sold to Saudi Arabia. In a time of great upheaval for the company, January 10th saw WWE Chairman and Co-CEO Stephanie McMahon announce her resignation from the company just days after her father Vince McMahon was reinstated to the Board of Directors. […]
Film AlUla, the film agency of the Royal Commission for AlUla (RCU), has begun construction of a comprehensive, studio complex to kick-start the next phase in north-west Arabia’s emergence as a regional hub for the screen sector. Completion of the complex’s first phase, encompassing approximately 30,000 square metres (330,000 square feet), is targeted for the […]
Satellite constellation operator OneWeb, itself in the process of merging with Eutelsat, is partnering with the massive Saudi Arabian ‘NEOM, city of the future’ currently under construction on the Gulf of Aqaba. OneWeb last October signed a $200 million joint-venture agreement with NEOM Tec & Digital Holding Co., to bring high-speed satellite connectivity to NEOM, […]
In years past there have been African and Middle East broadcasters who have happily stolen pay-TV’s exclusive coverage of key sporting events. DStv has now issued a clear warning to broadcasters in Africa saying, in essence, ‘hands off our signals’. The most blatant thefts of football signals occurred during the Saudi Arabian beoutQ transmissions of […]
MBC Group, the Dubai and Riyadh-based pan-Arab broadcaster, will reportedly mount an IPO next year. Reports out of the Gulf say that MBC is working with investment bankers HSBC and JPMorgan Chase on the potential plan. At the moment, the amount to be raised and the structure of the float are unclear. Current ownership of […]
Airbus and Salam, a Saudi Arabian telecoms company which is part of Abu Dhabi’s Mawarid Media & Communications, have signed a strategic partnership to provide the Airbus ‘Zephyr’ High Altitude Platform Station (HAPS) to Saudi Arabia. The Airbus Zephyr comprises an unmanned drone or aerial vehicle,which flies at 21,000m (70,000ft) and can stay aloft for […]
Saudi Arabia’s state news organisation says the oil-rich nation will spend an overall $37.8 billion (€38.5bn) on the games industry. This amount will include around $13 billion on a “leading game publisher”. The cash will come from the kingdom’s Savvy Games Group which is owned by its Public Investment Fund (PIF) sovereign wealth fund, one […]
AXESS Networks (AXESS), a global provider of satellite-based communications solutions, reports that its local entity in Dammam in the Kingdom of Saudi Arabia reached above target results and operations will further expand to cater for the growing connectivity demand across the country. After founding AXESS Saudi Arabian Telecommunications Company (AXESS Saudi Arabia) AXESS has started […]