News

Top 10 pay TV operators ‘to lose US$20bn in revenues by 2023’

The world’s top 10 pay TV operators by revenue will experience losses of US$20 billion (€16 billion) between 2017 and 2023, according to Digital TV Research. The new report claims that each of the top 10 global operators will be affected and that collectively they will see their revenues diminish from US$106.8 billion in 2017 […]

Liberty Global and Vodafone reportedly close to finalising deal

Talks between Liberty Global and Vodafone over the transfer of assets in Germany and central Europe to the latter are in the final stages and a deal could be agreed in the next two weeks, according to the Financial Times. According to the FT, citing unnamed sources, Vodafone is closing in on the elusive deal […]

MTG reports strong Q1 results ahead of business split

Modern Times Group (MTG) reported strong first quarter results with 9% organic growth and profits up 73% as it prepares to split the business into two by spinning off Nordic Entertainment Group. For the January-March period MTG reported record Q1 sales of SEK 4,674 million (€450 million) compared to SEK 3,704 million a year earlier, […]

Altice France completes NextRadioTV acquisition

Altice France has completed the acquisition of NextRadioTV following approval of the deal by French media regulator the CSA. Altice, which had previously acquired a 49% stake in NextRadioTV in 2015, is now 100% owner of the group, which was founded by the current Altice France CEO Alain Weill. The acquisition brings together cable and […]

Sky overtakes P&G as UK’s biggest traditional advertising spender

Pay TV operator Sky has overtaken Procter & Gamble as the biggest spender on traditional advertising in the UK in 2017, according to data released by audience ratings agency Nielsen. According to Nielsen, Sky increased its year-on-year advertising spend by 2.7% to £197.1 million (€224.5 million), while Procter & Gamble’s spend dropped 1.4% to £196.8 […]

Vevo CTO exits in latest executive departure

Vevo’s chief technical officer (CTO), Alex Nunes, has left the company, marking the music video firm’s latest big executive departure. Nunes’ exit comes after Vevo CEO Erik Huggers stepped down in December to “pursue new opportunities”. Head of product Mark Hall followed earlier this year, leaving to become vice-president of product and strategy at Bandcamp. […]

Sky sells 20% stake in Sky Betting & Gaming

Sky has agreed to sell its 20% stake in the online betting and gaming business, Sky Betting & Gaming, to Canadian online gaming firm The Stars Group. The deal will see Sky receive roughly £425 million cash and 7.6 million newly issued shares – approximately 3% of The Stars Group – post-completion of the deal, […]

Vice Media opens first Indian office

Vice Media has opened its first offices in India, the nation set to become “the youngest country in the world” by 2020. New offices in Mumbai and Delhi will host full-scale Vice operations, including a local offering of Virtue Worldwide, Vice’s in-house creative agency, and a full-service content production studio, Vice Studio, producing local news, […]

France Télévisions looking to divest football competitions

French public broadcaster France Télévisions wants to sell off the rights it holds to air top French football competitions ahead of the expiration of its current contract as it comes under renewed pressure to find cost savings, according to local press. According to the Journal du Dimanche, France Télévisions wants to sell off its rights […]

Amino names new marketing chief

Set-top and TV technology provider Amino has named Jamie Mackinlay as its new global VP of marketing. Mackinlay was formerly SVP of sales, marketing and business development at ADB Global, having previously also worked for Paywizard, Orbital Software Group and O2. In his hew role, he will have responsibility for marketing, product marketing and partner […]

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