QVC Group plans to file for Chapter 11 bankruptcy protection, according to the TV shopping company.
The parent company of Quality, Value, and Convenience (QVC) Group and HSN, formerly known as Home Shopping Network, said it plans to file for bankruptcy after reaching a restructuring agreement with creditors. The news came via a delayed annual filing with the Securities and Exchange Commission (SEC).
The US-based TV company said in the filing that it expects to enter bankruptcy proceedings in the Southern District of Texas, with a plan to emerge within 90 days.
A forerunner of television shopping, QVC was founded in 1986 but has been forced to navigate a shift in consumer habits as traditional cable viewers switch to streaming platforms, and competition has grown from e-commerce platforms.
The company reportedly has debts of over $5bn. In March 2025, the company laid off 900 staffers as it consolidated its operations and planned a shift to live shopping on social platforms like TikTok.
With more TV viewers second screening, it’s no surprise that shoppable ads are a huge area of development and interest, writes Adrian Pennington. Discover more here.
Roku passes 100 million streaming households
Roku has passed 100 million streaming households worldwide, a key milestone for the streaming platform and devices company.
UK censor BBFC turns to AI to help classify HBO Max shows
For the first time ever, the British Board of Film Classification (BBFC) has used a bespoke AI tool to help classify a streaming service’s entire library.
.jpg)
RTS Ireland reveals 2026 award-winners
At the RTS Ireland Awards 2026, RTÉ won 11 awards – Scripted, Entertainment, Factual Series, Live Sport Coverage, News Broadcaster of The Year, Children’s Programming, Specialist Factual, Factual Entertainment, Current Affairs / Cúrsaí Reatha, Sports Documentary, and Short Film.
Blackmagic Design unleashes a wave of technologies
In the lead-up to NAB 2026, Blackmagic Design has revealed a slate of new production technologies.
Avid and Google Cloud partner to bring agentic AI for media production
Avid and Google Cloud have signed a multi-year strategic partnership to embed Google’s Gemini models and Vertex AI directly into Avid’s solutions.
.jpg)