Skydance Media and Paramount Global have entered into a definitive agreement to form ‘New Paramount’ – a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements Inc (NAI), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount Global. The transaction combines the […]
Portugal’s competition regulator, Autoridade da Concorrência (AdC), has shot down Vodafone Portugal’s attempt to acquire telecom company Nowo. The AdC fears the merger would hurt consumers by limiting competition in the Portuguese telecom market, by increasing market power for Vodafone and its main competitors (Meo and NOS), creating conditions for coordinated offers among them, and […]
Lisa Nandy has been appointed Secretary of State for Culture, Media and Sport by new British Prime Minister Sir Keir Starmer. Nandy is the MP for Wigan in the northwest of England and prior to the dissolution of Parliament on May 30th, was Shadow Minister (International Development), at the Foreign, Commonwealth and Development Office having […]
Warner Bros Discovery (WBD) has settled a claim from some shareholders relating to the 2022 merger of AT&T’s Warner Bros and Discovery. They had claimed the $43 billion deal was too preferential to bigger sharedholders. Now, through mediation, the two sides have agreed to a $125 million settlement that will bring the lawsuit to an […]
The BBC has announced that Jonathan Munro will take up the post of BBC News Global Director from September. In this new role, spanning international services, he will be Director of the BBC World Service, oversee BBC Monitoring and remain Deputy CEO of BBC News and Current Affairs. Munro commented: “I am thrilled and daunted […]
BBC Studios has announced that Marcin Boroszko has been appointed to the newly created role of Director of Ad Sales, Central and Eastern Europe (CEE), effective immediately. Boroszkowill be based in Warsaw and report to Bartosz Witak, General Manager for CEE at BBC Studios. Responsible for developing and implementing innovative advertising sales strategies for the […]
Viacom18 has announced additions to its technology leadership team, as the company looks to scale up its OTT platform JioCinema into one of India’s foremost digital content destinations. These strategic appointments are aimed at enhancing tech expertise, agility, and speed to market as the company continues to scale its operations. Bharath Ram joins as Chief […]
The Writers Guild of Great Britain (WGGB) has called for the incoming Labour administration to offer better protections in a number of areas. WGGB General Secretary, Ellie Peers, commented: “As the UK wakes up to a new government and chapter in our political history, we call for a better deal for UK writers, who have […]
Samsung Electronics expects profits for Q2 2024 to jump 15-fold compared to the same period last year, attributed largely to the AI boom which has transformed the prices of advanced chips. The South Korean firm is the world’s largest maker of memory chips, smartphones and televisions. The news pushed Samsung shares up more than 2 […]
Detectives from the Cheshire Police Cyber Crime Unit, in the northwest of England, with the support of copyright protection body FACT, have arrested a man as part of an investigation into illegal online streaming services. At around 9.30am on July 3rd officers conducted a warrant at an address in Widnes, Cheshire. A 51-year-old man was […]