M&A

Disney/Fox deal to close by Spring/Summer 2019

Peter Rice, president of 21st Century Fox, has told staffers that the merger between Fox and Disney is set to be complete for Spring or Summer 2019. During a round of town hall meetings, the boss spoke to staffers for reassurance and an update on the process, according to Deadline, which first noted the story. […]

UK regulator says Disney must buy Sky under Fox deal

Disney will be required to make a mandatory offer for all of Sky after completing its proposed acquisition of Twenty-First Century Fox, according to the UK Panel on Takeovers and Mergers. The regulator said that Disney will be compelled to make an offer within 28 days of closing the deal at the same £10.75 per share price tabled […]

Fox looks to sell Sky News to Disney

Twenty-First Century Fox has proposed selling Sky News to Disney on completion of its buyout of Sky, in an effort to secure UK regulatory approval for the Sky deal. The suggestion is one of two ‘alternative remedy proposals’ submitted to the UK’s Competition and Markets Authority (CMA), with the second being a legal separation and […]

CBS to make below-market bid for Viacom

CBS is set to make an all-stock offer for Viacom that prices the US company below its current market valuation, according to reports. Reuters revealed earlier today that the “unusual” merger move may threaten the negotiation, which would see the two media giants reunite after 13 years. The report states that CBS chief Leslie Moonves […]

Byron Allen storms to $300m Weather Channel acquisition

Byron Allen’s Entertainment Studios has acquired The Weather Channel for US$300 million. Allen (pictured) has acquired the assets of the US cable network, collectively The Weather Group, through his Allen Media firm. The Entertainment Studios chairman and CEO bought the network from The Blackstone Group, Bain Capital and NBCUniversal. The deal hands the cable entrepreneur […]

Channel 4 restructure continues with return of COO role

UK broadcaster Channel 4 has created a number of new executive roles – including chief operating officer and chief product officer – as part of a shakeup of the top brass. The chief product officer will spearhead the UK broadcaster’s push into new digital areas and will also take responsibility for online service All 4. […]

French consolidator Mediawan posts 2017 financials

Paris-listed production-distribution group Mediawan has reported its 2017 full year numbers. Both actual and pro forma results were included in results for the company, which launched at the end of 2015 as a special purpose acquisition company (SPAC). Actual results (including a nine-month consolidation of financials from Groupe AB, which it bought last year) show […]

Bruce Tuchman invests in ‘Netflix of stand up comedy’

Bruce Tuchman, former president of AMC Global and Sundance Channel Global, has invested in NextUp, the stand-up comedy SVOD service, as it sees its latest investment round double. NextUp’s last financial raise saw it valued at £1.5 million (US$2.12 million). The target for the latest funding round on SyndicateRoom was £300,000, and is currently oversubscribed […]

Warner Bros. replaces DramaFever SVOD chief with Time Inc. exec

Warner Bros. is replacing DramaFever boss Seung Bak with Time Inc. senior VP of digital Patty Hirsch. The move hands Hirsch control of Warner Bros. Digital Labs (WBDL) as SVP and general manager, and oversight of Korean drama-focused SVOD service DramaFever. She’ll take over from current WBDL chief and DramaFever CEO and co-founder Bak after […]

Vivendi offloads Ubisoft stake as Tencent lands

European media giant Vivendi has sold off its stakeholding in Assassin’s Creed games studio Ubisoft for nearly US$2.5 billion, with Chinese tech monolith Tencent among the new shareholders. The deal sees Vivendi selling all 30.5 million of its shares – 27.3% of the entire business – for €2 billion (US$2.45 billion) to various investors. These […]

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