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Gaining a cash line that it will fund its expanding production slate, in particular its growing over-the-top business, production and distribution company Electric Entertainment has closed a $100 million loan credit facility with Bank of America.
Completing the acquisition of Redbox Entertainment, subscription video-on-demand provider Chicken Soup for the Soul Entertainment says it has now created a content and distribution company targeting value-conscious consumers with all elements of VOD services.
Independent, UK-based system integrator dB Broadcast has further expanded its range of system integration capabilities offered following the acquisition of S3 Satcom’s Satsio and Fiesta business and specialist antenna positioning products .
In a move that will propel its standing in the country, adding to a growing local portfolio of labels, leading international producer/distributor Banijay is to acquire Sony Pictures Film und Fernseh Produktions.
Revealing yearly results showing just how strongly connectivity and mobile are growing their importance for the business as broadcast continues to decline further, Eutelsat has announced what it called a robust financial year and has now inked a Memorandum of Understanding with OneWeb to merge businesses.
Acting after a spate of rumours, Eutelsat has revealed that it has engaged in discussions with its co-shareholders in fellow satellite operator OneWeb regarding a potential all-share merger to create a global leader in connectivity.