WarnerMedia boss John Stankey has refuted that the business is looking to sell its HBO Europe business, after reports emerged this morning (10 April). The Financial Times reported that AT&T has been having internal discussions about selling its HBO Europe business in an attempt to rid itself of debt. Current and former senior executives of HBO […]
Disney completes its US$71bn acquisition of the bulk of 21st Century Fox today, paving the way to create what chairman and CEO Bog Iger described as “the preeminent global entertainment company, well positioned to lead in an incredibly dynamic and transformative era.” Disney is acquiring 21st Century Fox’s film production businesses Twentieth Century Fox, Fox Searchlight Pictures, Fox […]
The Walt Disney Company has set a March 20 date to finalise its $71.3bn acquisition of 21st Century Fox. The company announced the news after receiving the final sign-off from Mexican regulators on Tuesday (12 March). Mexico wanted reassurance that Disney would sell off Fox’s regional sports networks (RSN’s) to approve the merger. The RSNs […]
Sony Corporation is in the running to pick up a stake in Zee Entertainment after its owner Essel Group put it out for sale, according to CNBC TV18. Essel revealed in November that it would sell a part of its stake in Zee to a global strategic advisor. Sources told the publisher that the Sony […]
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 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 […]
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 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 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 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 […]
