Channel 4’s consumer investment arm, Channel 4 Ventures, has secured a £3 million (€3.54m) investment into Fy!, an AI powered home and living marketplace. The media-for-equity deal will enable Fy!, which recently acquired independent boutique marketplace Trouva, to tap into audiences for popular Channel 4 home improvement shows such as Grand Designs. By using the […]
France Télévisions CEO Delphine Ernotte Cunci has been re-elected as the President of the European Broadcasting Union (EBU), whilst wedish Radio (SR) Director General Cilla Benkö has been re-elected as the Vice-President. They were both re-elected to the roles by an absolute majority at the EBU’s General Assembly held in Cyprus and will continue in […]
Cinema chain Cineworld is reportedly drawing up plans to shutter a number of its UK cinemas as part of a restructuring that would also include extensive rent cuts. Cineworld is looking to close around 25 of its 102 multiplexes, and also plans to renegotiate rent agreements at a further 50 sites, with the remaining 25 […]
24i, the video streaming platform specialist, has announced the appointment of Sebastian Braun to Chief Executive Officer (CEO). Since joining the company in 2023, Braun has played a pivotal role in shaping 24i’s product portfolio, which is being developed as part of the 24i Cloud Video offering. “I am honoured and excited to lead 24i […]
Rivada Space Networks has secured a major slice of the cash needed to build and launch its mega-constellation of an initial 300 satellites. German newspaper Handelsblatt reports that Rivada has collected €10 billion in pre-order commitments from 113 “potential customers”. The report adds that it has also attracted investment cash from 70 investors including a […]
Kudelski, best-known for its ‘Nagra’ smart card encryption technology and Skidata system for ski-resort operators, has negotiated a CHF150 million (€154m) credit facility. The loan, organised by Farallon Capital Europe LLP., is in place in order to repay a Kudelski domestic bond, which matures on September 27th 2024. The loan has a maturity period of […]
DTG Chief Executive Richard Lindsay-Davies has been named Royal Television Society Leader of the Year at the 2024 RTS Technology Awards. The RTS Technology Awards, which took place on July 3rd, honour outstanding achievements in both technology and production within the broadcast industry. The Leader of the Year award, as its name suggests, recognises those […]
Paramount has resumed merger talks with Skydance Media just weeks after an earlier deal fell apart at the last hurdle. The renewed bid from Skydance included a higher offer of $177 billion (€162bn) to get the deal done. Shari Redstone, who controls Paramount, abruptly ended negotiations in the first go-around in mid-June. David Ellison, the […]
Simply.TV, a leading content discovery and metadata provider, has acquired InFlow Media to form Europe’s leading metadata company. This marks the second acquisition made by Simply.TV, after the Dutch metadata specialist GVIDI was acquired in 2022. With InFlow Media, Simply.TV will strengthen its customer base in the Nordics, add advanced content discovery technology and welcome […]
Vincent Grivet (representing Eutelsat) will remain Chairman of the HbbTV Association. The members of the industry association’s newly elected Steering Group (SG) re-elected Grivet for another two-year term at their meeting on June 21st. Jon Piesing (TP Vision) was re-elected the HbbTV Association’s Vice-Chairman. Xavi Redon (Cellnex Telecom) will continue to serve as Treasurer. The […]