Wednesday, May 18, 2022
HomeMedia Business

Media Business

Tabcorp Shareholders Approve Demerger of The Lottery Corporation

Following the recent General Meeting and Scheme Meeting of Tabcorp Holdings Limited, Tabcorp, the owner of  the Sky Racing channel, has announced that Tabcorp shareholders have approved the demerger of The Lottery Corporation Limited (The Lottery Corporation) from Tabcorp (Demerger). The demerger will result in two speparte companies - The...

Democratised Video Means Indian Consumers Have It All

The Asia Video Industry Association recently held its third Future of Video India virtual conference to much optimism as industry leaders remained bullish on India's long-term view, after its fifth straight quarter of economic expansion, with all round economic recovery and an economic rebound that is much broader based...

SoundCloud Buys Singapore-based Music Industry AI Company Musiio

SoundCloud has announced the acquisition of Singapore-based, music industry artificial intelligence and machine learning company Musiio. Musiio’s technology focuses on B2B audio reference search (AI that can “listen” to music), automated tagging, and playlisting tools for the music industry. By “listening” to more tracks than a human could ever comprehend...

Qvest Expands European Management

Technology consultancy Qvest has announced a management restructure aimed at increasing the company's performance in the media and entertainment sector and promoting the consistent further development of the entire group of companies. Konstantin Knauf and Jawid Mahmoodzada are now responsible for Qvest's operational activities, particularly with regard to consulting and...

NAB CEO Pushes Policy Reform

National Association of Broadcasters (NAB) President and CEO, Curtis LeGeyt, delivered his inaugural State of the Industry address during the 2022 NAB Show, emphasising the resilience of traditional broadcasters, the need for policy change and the importance of the sector to the fabric of communities. "For years, our critics have...

SMPTE Names David Grindle as Executive Director

SMPTE, the organisation for media professionals, technologists, and engineers, has announced that David Grindle will serve as the Society's next executive director. He will formally join SMPTE in July after concluding a 12-year tenure as executive director of the United States Institute for Theatre Technology, an association dedicated to...

Thomson Broadcast Signs Agreement to Acquire GatesAir

GatesAir, the developer of wireless, over-the-air content delivery solutions for radio and TV, has announced that Thomson Broadcast has signed a definitive agreement to acquire GatesAir from an affiliate of The Gores Group. The transaction is subject to certain regulatory filings and is expected to close in the second...

New Company Backlight Announces Launch and Five Media Tech Acquisitions

Backlight is, apparently, a new media technology company backed by a USD$200M+ investment led by PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies to help accelerate their growth. Backlight says its mission is "to serve media, entertainment, and video-forward customers with cloud-based solutions...

GatesAir Celebrates 100 Years in Business

The dawn of broadcasting arrived at 6pm on the evening of November 2, 1920, when AM radio station KDKA of Pittsburgh signed onto the airwaves to announce the results of a presidential election. Months later, a food products specialist by the name of Henry Gates came to Pittsburgh on...

Sony, LEGO Owners Invest $2 Billion in Epic Games

Epic Games, developer of Unreal Engine, has announced a USD$2 billion round of funding to advance the company’s vision to build the metaverse and support its continued growth. This round includes investments from existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The...

Rakuten to Acquire Drone Company SKY ESTATE

Japan's Rakuten Group, Inc. has announced it has concluded an agreement to acquire all shares of SKY ESTATE Inc., a leading developer of various drone-related businesses, including drone pilot dispatch and training. Through this agreement, SKY ESTATE becomes a wholly owned subsidiary of Rakuten Group. SKY ESTATE is a leading...

Panasonic Evolves B2B Business with Australian Launch of ‘Panasonic Connect’

Panasonic has announced the launch of Panasonic Connect Oceania, a new entity responsible for business solutions across Australia and New Zealand. Replacing the Panasonic Business brand, Panasonic Connect will commit to a new purpose – “Change Work, Advance Society, Connect to Tomorrow” – and build stronger partnerships to solve...

Rakuten to Collaborate with Globalgate Entertainment

Japan's Rakuten Group, Inc. has announced it will collaborate with U.S.-based company Globalgate Entertainment to develop content featuring global IPs (intellectual property rights) for release both in Japan and overseas. Globalgate’s global consortium is made up of production and distribution partners located around the world, specialising in the production and...

Private Equity Investment for Zero Density

Mediterra Capital, a UK based private equity firm, has become a shareholder in Zero Density, the provider of virtual studio software solutions. The size of the investment and the shareholding has not been made public. Established in 2011, Mediterra Capital currently has €330 million assets under management. Its investors include...

Steve Pusey Joins BAI Communications as Board Chair

Communications infrastructure provider BAI Communications (BAI) has announced the appointment of Steve Pusey to the position of Chair of its Board. Previously, Mr Pusey served as the Group Chief Technology Officer of Vodafone, a role he held until 2015. In this leadership position, he played a pivotal role in defining...

StarHub Acquires Majority Interest in MyRepublic Broadband

Singapore-based StarHub Online Pte. Ltd. has announced the completion of the purchase of a majority of shares (50.1 per cent) of MyRepublic Broadband Pte. Ltd. (NewCo). Following Completion, NewCo is now regarded as an indirect subsidiary of the Company StarHub’s total investment will be up to $162.8 million, with an...

Avid in Cloud Deal with Paramount Global

Paramount Global, one of the world’s largest providers and producers of media and entertainment content, has entered into an agreement that offers Avid’s managed cloud solutions for video content production to creative teams around the globe. The companies’ new cloud subscription services agreement supports Paramount Tech’s “Cloud First” mindset, transforming...

Andrew Cross Named CEO of Grass Valley

Grass Valley, a leading technology provider for the live media and entertainment market, has announced that Andrew Cross has been named Chief Executive Officer of the company. Cross joins Grass Valley from Vizrt Group, where he was President of Global R&D over all product development across all three brands...

Caton Technology Moves Corporate HQ and R&D to Singapore

Caton Technology, the develooper of IP network transport solutions, has moved its corporate headquarters, including its research and development directorate, to Singapore. The move, in March 2022, sees the company leave Hong Kong where it was founded. According to the company, Singapore is widely recognised as a centre of excellence...

Key Capital Partners Invests Into Jellyfish Pictures

Private Equity house, Key Capital Partners (KCP), has completed a minority investment into Jellyfish Pictures. Jellyfish provides high-quality animation, visual effects (VFX) and art department services to media corporations around the world. Clients include Disney+, Netflix, DreamWorks, Apple TV, HBO, Sky, BBC and Amazon. Jellyfish Pictures has worked on...
Stay Connected
1,470FansLike
1,523FollowersFollow
120SubscribersSubscribe
Latest Articles