London – Sony Pictures Entertainment (SPE) has successfully acquired control of the Dutch entertainment company, 2waytraffic. The acquisition gives SPE new capabilities in the global light entertainment market, which includes games, variety and reality shows, and gives SPE one of the largest gameshow portfolios in the world. The offer from SPE to acquire 2waytraffic was for an initial cash consideration of £114.3 million (US$223million). “The acquisition of 2waytraffic is part of our … [Read more...] about Sony Pictures Entertainment completes acquisition of 2waytraffic
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Ratings, revenues soar for IPL cricket
Mumbai – Sunday June 1 2008 saw the Rajasthan Royals defeat the Chennai Super Kings by 3 wickets to win the inaugural Indian Premier League (IPL) Twenty20 tournament and the US$2.8 million prize money. After 59 matches, played over 45 days, the Board of Control for Cricket in India (BCCI) is set to reap profits of Rs 350 crore (US$82 million). Analysts say over 250 million people, in India, the UK, US and Australia, tuned into the event, which featured many of the world’s top … [Read more...] about Ratings, revenues soar for IPL cricket
Asian media rallies for relief efforts
Hong Kong - In a joint effort to provide immediate aid to Sichuan’s earthquake survivors, STAR and FedEx Express airlifted 31 tonnes of necessities to Sichuan Province, China, on June 1 2008 . Sourced by STAR’s Greater China offices in Hong Kong, Taipei and Guangzhou, the relief supplies included tents, sleeping bags, mats, blankets, surgical masks, cup noodles and health drinks. FedEx Express provided full cargo transport and logistical support, congregating the supplies in Hong … [Read more...] about Asian media rallies for relief efforts
SPE completes 2waytraffic acquisition
London – Sony Pictures Entertainment (SPE) announced today that it has successfully acquired control of the Dutch entertainment company, 2waytraffic. The acquisition gives SPE new capabilities in the global light entertainment market, which includes games, variety and reality shows, and gives SPE one of the largest gameshow portfolios in the world. All the conditions of the public offer for 2waytraffic announced on March 13, 2008 have been satisfied or waived, and 2waytraffic has made … [Read more...] about SPE completes 2waytraffic acquisition
Mixed reactions to Amazia cancellation
Paris – New cross-platform content show Amazia, slated for its debut in Hong Kong, November 17-20, 2008, has been shelved by its Paris-based organizers Reed MIDEM. While there had been talk in the market that the show would be cancelled if certain exhibitor and sponsorship targets were not met, optimism seemed high early April 2008 at MIPTV in Cannes. Over 50 companies had confirmed, of around 200 companies that had committed, to exhibit at the event. Keynote speakers for the Amazia … [Read more...] about Mixed reactions to Amazia cancellation
StarHub re-tiers, adds new channels
Singapore – StarHub Digital Cable has repackaged a number of its channel tiers and has announced the addition of new offerings to bring the total number of channels on its pay-TV service to a total of 159 by July 2008. Adding to its six Basic Groups, StarHub rolled out the new Lifestyle Basic Group. Most of the channels in the Basic Groups and Basic Upsize tiers have been repackaged from the unbundling of its Family Plus tier of 21 channels across different genres and the Chinese Plus II … [Read more...] about StarHub re-tiers, adds new channels