The normal transition for any departing CEO at a major quoted company is well established. Weeks – and sometimes months – of advanced notice are given to shareholders and the market of an impending change in leadership. That has not happened in the case of Steve Collar, the suddenly outgoing CEO at SES. Collar will […]
RIP Silvio Berlusiconi, another of the titans who dominated media in the eighties, nineties and beyond. At a MIPCOM press conference in 1984 or 85, (the Com and some random satellite dishes had just been added by the wily MIP founder Bernard Chevry), the panel was Ted Turner, Robert Maxwell and Silvio Berlusconi. I remember […]
Charlie Ergen, the founder and billionaire owner of US pay-TV broadcaster Dish Network, has talked for a couple of years about the “inevitability” of merging with arch-rival DirecTV. Both are losing subscribers at a worrying rate, and common sense suggests that a merger is the only route to saving cash, exploiting synergies and reducing the […]
Boeing’s aerospace division is being sued for alleged theft of IP concerning the counterfeiting of highly specialised tools used on NASA projects. The action comes from Colorado-based Wilson Aerospace which is suing Boeing over what Wilson alleges is its ‘Fluid Fitting Torque Device-3’ developed by Wilson, and which Boeing used to attach four main engines […]
The Covid pandemic was a once in a lifetime stress test for many sectors. No customers on the streets represents the darkest of times for hospitality, retail and live entertainment. For streamers, though, ‘Happy Days’. Time on everyone’s hands and nothing else to spend their money on. The bump to their subscriber numbers and revenues […]
Analysts at Quilty Space say they estimate the satellite direct-to-device (DTD) market holds the promise of burgeoning into a multibillion-dollar industry. “It comes as no surprise that in the race to equip unmodified smartphones with satellite connectivity, various players are jockeying for position. Who crosses the finish line first, or even who stays in the […]
California-based Rocket Lab made headlines a week ago when it bought some key assets from bankrupt Virgin Orbit. Rocket Lab has been awarded Virgin’s 144,000-square-foot Long Beach, California–based manufacturing facility for $16.1 million. That news, plus a fresh launch contract, has given the business a significant lift in its implied value. Analysts from investment bank […]
Analysts at SVB MoffettNathanson (MN) recently held their first Media & Internet TMT Conference with a heavyweight portfolio of expert speakers. The consensus was that the broadcasting industry were “relatively optimistic” for advertising demand in the CTV, AVoD and sports-led linear segments. However, speakers were asked about the impact from some network programmers who ‘cheat’ […]
The Intelsat Class Action into alleged insider trading, which had earlier been dismissed by a District Court judge on April 26th, has seen an appeal lodged. The case revolves around alleged insider trading over the sale of Intelsat shares by certain shareholders including the then chairman Dave McGlade. The sale allegedly took place ahead of […]
Josef Aschbacher, Director General at European Space Agency (ESA) has praised Elon Musk’s SpaceX, saying that the rocket launch company “has undeniably changed the launcher market paradigm as we know it.” Aschbacher, in a blog post for ESA, said: “With the dependable reliability of Falcon 9 and the captivating prospects of Starship, SpaceX continues to […]