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‘It’s happening everywhere’: Channel 4 CEO Alex Mahon on TV’s deep crisis
The network boss believes production companies that underpin Britain’s global reputation face being forced out of business Alex Mahon’s assessment of the crisis facing the television market is frank: the Channel 4 boss believes many of the production companies that underpin Britain’s global reputation for making hit shows face being forced out of business. Amid…
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Nvidia nears Amazon’s market value as blazing rally drives ahead
Nvidia Corp.’s stock has rallied so much this year that it’s now threatening to overtake Amazon.com Inc. to become the fourth most valuable US company. Having added nearly Tesla Inc.’s entire market capitalization in the past two months alone, Nvidia is worth $1.74 trillion, just shy of Amazon at $1.77 trillion. Google-owner Alphabet, the third…
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Affirm tech spend down 32% YoY, revenue up 48%
Buy now, pay later provider Affirm reduced overall operating expenses for the fourth consecutive quarter as operational efficiency and consumer growth remained a priority. Tech and data analytics spend, which totaled $59 million during the quarter, was down 32% year over year, according to Affirm’s earnings supplement for the fiscal second quarter, which ended Dec.…
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What bank execs are saying about gen AI
Banks are identifying uses for generative AI and finding ways to make it effective and responsible. According to a Dec. 11 report by consulting giant EY, 100% of respondents said they are either already using or plan to use generative AI within their institutions. The report surveyed 300 executive directors, managing directors or higher at…
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Piers Morgan exits TalkTV
Piers Morgan has announced he is taking his daily talk show, Uncensored, off TalkTV to focus on its YouTube channel. The presenter said TV schedules had become an “unnecessary straitjacket” and that moving online would allow him to conduct longer, in-depth interviews and attract a more global audience. The show’s YouTube channel currently has 2.3…
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Sky Deutschland extends Premier League rights
Sky Deutschland and the Premier League have extended their long-term rights partnership. The new agreement comes into force immediately and is valid up to and including the 2027/28 season. Sky Sport will continue to provide extensive coverage of the Premier League in Germany in the future and will show all 380 matches per season in…
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Futuresource joins BASE, DEGI
Futuresource Consulting, the market research consulting company, has become the newest hybrid member of the British Association for Screen Entertainment (BASE) & DEGI: The Digital Entertainment Group International. Futuresource join as a hybrid member with an exclusive workshop crafted around findings from their syndicated surveys, including Living with Digital, Kids Tech and Audio Tech Lifestyles.…
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SES unveils Astra 1P
A VIP group visited Thales Alenia Space’s satellite manufacturing facility near Cannes, in the south of France, to view SES Astra 1P, its latest satellite and which will be placed at the operator’s prime TV neighbourhood at 19.2 degrees East. The satellite will continue existing transmissions over Europe as well as key markets Germany, France…
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Intelsat invests in hiSky
hiSky, which provides advanced satellite communication solutions, has signed an investment and strategic collaboration agreement with Intelsat. The investment marks a transformative development in the delivery of reliable, high-throughput satellite connectivity. Intelsat’s investment in hiSky underscores hiSky’s technological prowess and market potential and places Intelsat as shareholders in the Israel-based company, joining Singapore-based ST Engineering’s…
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Lynk to merge with Slam
Lynk Global and special purchase acquisition company Slam Corp are to merge. The pair announced that they have entered into a definitive business combination agreement under which Slam will combine with Lynk. Upon completion, the combined company will operate as Lynk Global Holdings, and its shares expected to be publicly listed on Nasdaq under the…