News
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NBCU and Sky partner for ads
NBCUniversal is set to partner with fellow Comcast stablemate Sky to launch a new global advertising venture.
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Sky launches £1m SME support scheme through AdSmart
Sky’s advertising arm has launched a £1 million support scheme offering 100 small businesses TV advertising campaigns through AdSmart to support them during the coronavirus lockdown.
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BBC looks to save a further £125m
The BBC needs to find a further £125 million savings this year, according to outgoing director general Tony Hall, who confirmed senior staff will take a salary freeze until August 2021.
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Facebook concedes $5bn in FTC privacy settlement
A US court has approved Facebook’s $5 billion privacy settlement with the Federal Trade Commission over the Cambridge Analytica Scandal from early 2018.
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Piracy surges during coronavirus lockdown
Digital content piracy has skyrocketed across the globe during the coronavirus lockdown, with a rise of 40% for film piracy, according to a new report.
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Magic Leap lays off staff and cuts AR investment
Augmented reality powerhouse Magic Leap says it has been forced to cut jobs across at every level of the company as part of a shifts in its core focus.
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NBCU’s Fandango buys Walmart’s Vudu streamer
NBCUniversal’s Fandango division has inked a pact to buy digital film and TV streaming platform Vudu from Walmart, as NBC agrees to offload its stake in Euronews.
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ITV launches new Shout Out ad platform
British broadcaster ITV has launched a new advertising proposition aimed at allowing advertisers to share information with consumers quickly and cost effectively during the coronavirus pandemic.
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Facebook and Google made to pay ad-revenue in Australia
Technology giants Google and Facebook will be required to pay Australian media outlets for news stories published under a new mandatory code of conduct on digital platforms.
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Covid-19 crisis to hit TV broadcasters hard with falling ad-revenues
While all technology, media and entertainment sectors will be negatively impacted by coronavirus, TV broadcasting will be hit the hardest from a loss of ad-revenues.
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Australian government unveils $54m relief fund for broadcasters
Australia has agreed to suspend local content obligations for radio and TV stations hit by the coronavirus, with the government announcing a $54 million relief package for the sector.
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C4 cuts content budget by £150m and furloughs staff
UK broadcaster Channel 4 has confirmed it will slash its content budget as ad-revenues drop due to the coronavirus pandemic.
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Film and TV coronavirus emergency relief fund opens
The UK’s Covid-19 Film and TV emergency relief fund has opened for applicants to receive a one-off grant up to £2,500 after a survey found 93% of freelancers were out of work.
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BBC, CNN and Euronews pledge $50m in ad-revenue to promote health messaging
The trio of broadcasters has committed $50 million of advertising inventory to promote vital public health messages that will reach over 800 million people across the globe.
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Facebook pledges $100m for media firms impacted by Covid-19
Facebook has backed the international news industry amid the global coronavirus by promising to give $100 million in grant money to the sector.
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BT Sport and Sky face £1bn loss from cancelled sports during Covid-19
If leading sports remain out of action until August, Sky and BT Sport will lose nearly £1 billion in revenue, according to Enders Analysis who calls for players to take a pay cut in support.
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Discovery borrows $500M and withdraws fiscal outlook
Discovery has borrowed $500 million under its credit facility to boost its cash position amid uncertainty caused by the coronavirus.
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Tokyo Olympics 2020 postponed because of coronavirus
International Olympics Committee and the Tokyo 2020 organising committee have confirmed the postponement of this year’s Olympics until 2021 because of the Covid-19 pandemic.
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Mediaset splashes €66m to boost ProSiebenSat.1 stake
Italian broadcaster Mediaset has upped its stake in German company ProSiebenSat.1 to around 20%.
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Studio productions slow down & new cinema releases to be streamed
16-22 Mar: Your guide to what’s happened this week in the media, entertainment and technology industry.