NEW YORK – In a move that marks a tectonic shift for the entertainment industry, Netflix has triumphed in a fierce bidding war to acquire the crown jewels of Warner Bros. Discovery. The $72 billion deal, announced Friday, sees the streaming pioneer pivot from its historic “build, not buy” ethos to become the steward of…
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Ofcom fines Virgin Media £23.8 million for putting vulnerable customers at risk of harm
LONDON: Ofcom has today fined Virgin Media £23.8 million, after it disconnected telecare customers during its programme to migrate customers to digital landlines. Landline phone calls have traditionally been delivered over a copper-based network known as the public switched telephone network (PSTN). This network is beyond its intended lifespan and is becoming increasing unreliable, so needs…
Eros Innovation secures $150 mln in capital and deals to fuel AI media ambitions
LONDON – Eros Innovation, a global media and intellectual property company, announced on Thursday it has completed approximately $150 million in capital and strategic transactions to accelerate its transformation into an AI-driven entertainment platform. The deals include a $50 million primary investment led by Plenitude Capital and advised by Greenback Capital at the Dubai International…
SEGG Media, parent company of Sports.com, agrees to acquire 51% stake in Ant Media & Productions
DUBAI – SEGG Media Corporation (Nasdaq: SEGG, LTRYW), the parent company of Sports.com Studios Ltd., has agreed to acquire a 51% majority stake in Ant Media & Productions, led by global TV phenomenon, military adventurer, and 2028 London mayoral candidate, Ant Middleton. The proposed acquisition will see Sports.com Studios become the exclusive global streaming partner,…
Airtasker expands US growth with $5M iHeartMedia partnership
SYDNEY— Airtasker Limited (ASX:ART) said Monday it has expanded its strategic partnership with iHeartMedia Inc. (NASDAQ:IHRT), securing an additional US$5 million in advertising inventory to accelerate growth in the United States. The deal builds on an initial partnership launched in August 2024 that provided Airtasker USA with US$5 million in media resources and helped the…
Minute Media acquires AI video platform VideoVerse to revolutionize sports content
LONDON: Minute Media, a global sports content and technology company, announced Tuesday it has acquired VideoVerse, a leader in AI-driven video editing, in a strategic move to build a comprehensive content solution for the sports and media industries. The acquisition centers on VideoVerse’s flagship product, Magnifi, a SaaS platform that uses sophisticated artificial intelligence to…
AdTech firm GoWit launches unified commerce media platform in EMEA
DUBAI: GoWit, a global leader in omnichannel Retail Media, announced on Tuesday the launch of GoWit Commerce Media, a unified advertising platform designed to connect retailers, brands, and agencies across Europe, the Middle East and Africa (EMEA). The new platform aims to replace fragmented retail media solutions by consolidating demand and technology into a single…
Australian broadcasters Seven West Media and Southern Cross Media to merge
SYDNEY: Australian media companies Seven West Media Ltd (SWM.AX) and Southern Cross Media Group Ltd (SXL.AX) on Tuesday announced an all-scrip merger agreement to create a leading integrated media platform, aiming to better compete for advertising revenue in a fragmented market. Under the terms of the deal, Southern Cross Media (SCA) will acquire all shares…
Centaur Media agrees for the sale of Marketing Week and Creative Review
LONDON: Centaur Media Plc has signed an unconditional sale and purchase agreement with Haymarket Media Group Limited for the sale of MWCR Limited, being the operating company of Marketing Week, Festival of Marketing and Creative Review, for an enterprise value of £3.9 million. Martin Rowland, Executive Chair of Centaur, commented: “Today’s announcement represents further progress…
Empower Media and Ocean Media Merge to Form second-largest independent agency group in U.S.
NEW YORK: Empower Media and Ocean Media, two of the nation’s leading independent media agencies, have merged to form Empower Ocean Media Group, now the second-largest full-funnel independent media agency group in the United States. The newly formed entity will manage $1.5 billion in combined media billings, according to a statement. The merger brings together…
Virgin Media O2 and Daisy Group to merge creating £1.4 billion entity
LONDON: Virgin Media O2 (VMO2) announced Monday that it will merge its business-to-business operations with Daisy Group to form a major new player in the United Kingdom’s business communications and IT sector. The newly established entity will generate annual pro forma revenues of approximately £1.4 billion. VMO2 will hold a 70% stake in the business, with Daisy…
Seven West Media acquires Southern Cross Media Group television assets
SYDNEY: Seven West Media announced Tuesday it has reached a binding agreement to acquire television licenses and associated assets from Southern Cross Media Group, expanding its national broadcast network. The deal, valued at $3.75 million in cash, includes licenses in Tasmania, Darwin, Spencer Gulf, Broken Hill, Mt Isa, and Remote, Central and Eastern Australia. These…