PARIS: Viridien, formerly CGG, an advanced technology and digital company, has announced a pivotal high-performance computing (HPC) agreement with Ranch Computing, a French rendering farm based in Paris, to unlock innovation in the digital media industry. Viridien will provide fully customized HPC cloud infrastructure and expertise to Ranch Computing, tailored to the demanding compute requirements…
Search Results for: Media
Ad Shares and Partnerships: Rise of Millionaire YouTubers and Social Media Influencers
In the digital tapestry of the 21st century, social media has woven itself into the very fabric of our daily lives. It’s a phenomenon that has evolved from a simple means of communication to a multifaceted platform offering boundless opportunities for creativity, connection, and commerce. This evolution has been nothing short of revolutionary, transforming the…
Australian Community Media proposes to be acquired by Southern Cross Media
SYDNEY: Southern Cross Media Group Limited (ASX: SXL) has recently been approached by Australian Community Media (ACM) with a proposal for Southern Cross to acquire assets of ACM. ACM’s proposal relates to a portfolio of 14 of its daily print and digital news publications, key regional/metro titles, and its agriculture division. The proposal is materially…
Qantas Group settles with ACCC: $20 million remediation announced
Sydney: Qantas Group has reached a settlement with the Australian Competition and Consumer Commission (ACCC) over the airline’s flight cancellation procedures. The agreement, pending Federal Court approval, includes a $20 million remediation program for passengers affected by the airline’s cancellations, with individual payments ranging from $225 to $450. Additionally, Qantas has agreed to a $100…
WTWH Media has acquired CFE Media
WTWH Media has announced the acquisition of CFE Media, a prominent company known for its focus on engineering content across various sectors including manufacturing, operational technology, and industrial automation. This move comes on the heels of WTWH Media’s recent acquisition of Engineering.com, further solidifying its commitment to providing comprehensive coverage and resources for technical engineers…
Polaris Media sells 9.99% stake in Finn.no AS to Schibsted ASA for NOK 2.5 billion
OSLO, NORWAY: Polaris Media ASA has signed an agreement to sell its 9.99% stake in Finn.no AS to Schibsted ASA. Polaris Media has been a minority owner in FINN since its incorporation in 2000. The total transaction value in the agreement is NOK 2.5 billion on an equity basis. Schibsted will settle the transaction by…
Getlink has acquired ChannelPorts Ltd, a British customs intermediary
Getlink (Paris:GET) has announced the strategic acquisition of ChannelPorts Ltd, a foremost British customs intermediary. With a history dating back to 1974 and situated in Folkestone, Kent, ChannelPorts boasts a dedicated workforce of 44 and reported revenues of approximately £10M in 2023. This acquisition is poised to address critical transportation challenges and simplify the complexities…
QuoteMedia reports 8% revenue growth in 2023
PHOENIX: QuoteMedia, Inc. (OTCQB: QMCI), a prominent provider of financial data and applications, has released its financial outcomes for the fiscal year concluding on December 31, 2023. The company, known for supplying cost-effective and superior stock market data, has reported an 8% increase in annual revenue, reaching $18.9 million, up from $17.5 million the previous…
XLMedia closes deal with Gambling.com for European and Canadian divisions
XLMedia (AIM: XLM) has announced the successful completion of its divestiture of European and Canadian sports betting and gaming assets to Gambling.com Group Limited (“GAMB”). The sale, finalized on April 1, 2024, saw XLMedia confirm the receipt of a $20.0 million initial cash installment on the following day. The agreement stipulates a total potential consideration…
Axle AI and Cloudian launch hybrid cloud solution for media management
Axle AI, Inc., a leader in AI-powered media search, in collaboration with Cloudian, a pioneer in S3-compatible hybrid data lake platforms, announced today a groundbreaking hybrid cloud solution. This innovation promises to revolutionize media workflows by offering data sovereignty, cost reduction, and simplified management through a single-point, unified media search. The solution allows users to…
Liberty Media Corporation signs deal to acquire Dorna Sports for €4.2 billion
Liberty Media Corporation has announced its agreement to purchase Dorna Sports, the exclusive commercial rights holder of the MotoGP World Championship. This acquisition, valued at an enterprise level of €4.2 billion, will see MotoGP become a part of Liberty Media’s Formula One Group portfolio. “We are thrilled to expand our portfolio of leading live sports…
ARN Media and Anchorage Capital propose acquisition of Southern Cross Media
SYDNEY: ARN Media Limited (ASX: A1N) and Anchorage Capital Partners Pty Limited, collectively known as the Consortium, have made a non-binding indicative offer to acquire all shares of Southern Cross Media Group Limited (ASX: SXL), commonly referred to as SCA. The offer, dated October 18, 2023, suggests a mix of stock and cash consideration that…