M&A

Comcast-Sky and Disney-Fox to spend $43bn on content in 2018

The mergers of Comcast-Sky and Disney-Fox mean that two in every 10 dollars spent on content worldwide will be by one of these two companies, according to Ampere Analysis. The research firm estimates that the combined content spend of the two merged players will reach US$43bn by the end of 2018 – more than the […]

Hulu set to reach 23m subs by year end

Hulu is on track to reach over 23m subscribers by year end, according to Hulu CEO Randy Freer who discussed the topic at Business Insider’s Ignition conference. The Hulu chief said that the streamer is on track to add more subscribers by the second half of 2018 than it did the first. Between January and […]

Aussie court approves Nine & Fairfax merger

An Australian federal court has approved the merger of Nine Entertainment and Fairfax Media, which would create the nation’s second largest media conglomerate after News Corp. The Sydney-based court ruled that it would approve Nine’s takeover of Fairfax on Tuesday. This is the last stage of regulatory approval, but it could still be challenged up […]

Disney in talks to sell A+E stake to Hearst

Disney is in talks to sell off part of its stake in A+E Networks to Hearst, its joint venture partner for the network group. The Mouse is looking to sell off its interest in five European cable channels that are part of A+E Networks to the publishing and entertainment company, according to Variety. The news […]

Comcast closes Sky purchase with a majority share

Comcast has closed its purchase of 21st Century Fox’s holding in Sky, with a 75% share in the company overall. With a majority stake Comcast’s ownership now becomes unconditional, with Sky’s listing on the London Stock Exchange set to be cancelled on November 7. In light of the news, James Murdoch has stepped down from […]

ITV rules out Endemol Shine purchase

ITV has said that it will not make a bid for Endemol Shine, joining the likes of Germany’s RTL which has also ruled itself out. “In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group,” the company said in a statement to investors on Wednesday morning (October […]

‘New Fox’ reveals key leadership team

Lachlan Murdoch, the future chairman and CEO of Fox after Disney purchases key assets from the company, has revealed leadership appointments across distribution, ad sales operations and corporate functions. As Disney looks to close its $71.3bn deal for key Fox entertainment assets, ‘New Fox’ will be home to branded properties such as Fox News Channel, […]

Sky urges shareholders to accept Comcast offer

Sky has advised its shareholders to accept Comcast’s $39bn takeover days after the US telecom giant’s knockout bid for the business. In a statement released on Monday (24 September), Sky said: “As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast […]

Fox extends offer for Sky as auction deadline looms

21st Century Fox has extended its deadline for Sky shareholders to accept its £14 a share offer for the company until October 6, following a similar move by rival Comcast next week. Fox’s move sets the scene for a sealed auction to kick off after the September 22 deadline for Fox to raise its bid. According […]

YouGov: 48% of UK consumers worry about US media dominance

Half of UK media consumers are worried that US companies moving to the nation will mean they apply more control over its media, according to a YouGov report commissioned by sales platform Matrix Solutions. The survey conducted in the UK asked 2,117 consumers about their perceptions of US media companies purchasing UK companies. It was conducted […]

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