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Mediaset builds on partnership with ProSiebenSat1 with $380 million share purchaseMay 30, 2019Mediaset has acquired a 9.6% stake in Germany's ProSieben.Sat1, in a move it describes as 'an investment in the future of European free-to-air television'. Yesterday's acquisition of shares on the open market also gives the Italian group a 9.9 share of the voting capital. Based on the closing share price, the investment would be worth around €340 million ($380 million).Subscribers Only
Comcast makes its offer for Sky officialApril 25, 2018Comcast has made a formal offer for Sky, valuing the UK-based satellite operator at £22 billion ($30.7 billion). Today's official offer of £12.50 represents a premium of more than 16% over 21st Century Fox’s offer for the 61% of Sky it does not own. Sky's independent board of directors has this morning withdrawn its recommendation of the Fox bid, making a battle for ownership of Sky between Comcast, Fox and possibly Walt Disney Co, seemingly inevitable.
Poland's TVN launches original commissions for Player.pl serviceOctober 07, 2015Polish broadcaster TVN is pushing further into online with an investment in five original series. The first series, a Polish version of US comedy Web Therapy, will launch on TVN’s Player.pl service on 21 October. Speaking at the Mipcom TV market in Cannes this morning, TVN executives said the 10 episode series will cost 1 million zlotys ($266 million), a similar budget to one of its traditional linear TV series. Between Q4 this year and Q1 2016, TVN will also debut two reality series, Lip Sync Battle and Start U Up, documentary series My Love Story and drama co-production Cape Town.Subscribers Only
Football rights go through the roof, againFebruary 20, 2015The latest auction for rights to the Premier League, which saw a 70% increase in the value of live rights from 2016/17, underlines the continuing importance of premium sports in driving pay TV. If there were any doubts about whether Sky could maintain its leadership of the UK pay TV market without exclusive rights to the league, they were removed by Sky’s willingness to hike its contribution to the new deal by 85% to prevent rival BT from increasing its share. The question now is how Sky will fund the new deal, and how BT’s pay TV strategy will be affected. The report also compares the UK to five other European markets to identify where live league football sits among the offerings of the leading pay TV platforms.Subscribers Only
Sky reports Q4 customer growth in first combined set of resultsFebruary 04, 2015Across its three key businesses, Sky ended 2014 with an increased retail customer base of 20,607,000 – up 4.3% on Q4 2013. The entire pay TV group also experienced 4.9% year-on-year growth in subscription revenue to £4,842 million (€6 million) for the six months ending 31 December 2014. The group’s results were boosted both by strong performance in the UK and Ireland and the addition of its German and Italian businesses.
BSkyB confirms deal to buy Sky Italia and Sky DeutschlandJuly 25, 2014BSkyB has agreed to buy 100% of Sky Italia and 57% of Sky Deutschland from 21st Century Fox in a £4.9 billion deal that will create a pan-European pay TV operation with 20 million subscribers. The deal, which has been widely expected, will result in £200 million annual cost savings and give BSkyB an enlarged addressable market of 97 million homes, 66 million more than can been reached in the UK and Ireland.
Gazprom to buy Profmedia TV assetsNovember 28, 2013Russia's rapidly-growing television market is set for consolidation with Gazprom-Media, the country's largest privately-held media conglomerate, agreeing this week to acquire the TV assets of...
Mediaset hit by declines in Italy and SpainMarch 27, 2013Mediaset reported a 500m euro decline (12 per cent) in annual revenues last year as its advertising-funded broadcasting divisions in Italy and Spain were battered by the difficult macroeconomic climate.In its...
Cairo Communications buys loss-making La7 from Telecom ItaliaMarch 06, 2013Telecom Italia Media has agreed to sell its La7 TV network to Cairo Communications, the company currently handling the channel's ad sales. Cairo will pay a token €1m to acquire full control of La7,...
Europe's leading broadcasters hit by deteriorating ad marketNovember 14, 2012Europe's leading free-to-air broadcasters have painted a gloomy picture for the TV advertising market in reporting the first nine months of the year. While pan-European broadcaster RTL Group, the UK's ITV and...