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Last week in media: corporate actions at AT&T, Mediaset and Lions Gate, profit warning from Publicis
2019-10-14 07:02:00| Telecompaper Headlines
(Telecompaper) AT&T enjoyed a solid opening weekend for its much anticpated Joker movie. Sony is prepping the launch of its PlayStation 5 console for 2020 and Deezer may be aiming for a stock market listing by 2020. The courts halted the planned merger of Mediaset and Mediaset Spain, while AT&T sold its Latin America unit and Lions Gate was looking to spin off its Starz business. A profit waring turned Publicis into last week's biggest loser, down 17 percent. The Telecompaper Global Media index ended week 41 up 0.9 percent, ahead of the S&P 500 (+0.6%).
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Last week in media: Vivendi escalating war with Mediaset, Facebook and Google set sights on rivals
2019-10-07 07:00:00| Telecompaper Headlines
(Telecompaper) The global mediasector overall didn't move very much over the course of week 40. Our Global Media index ended the week off just 0.1 percent, against a loss of 0.3 percent for the S&P 500 index. ComScore came off from its low with a 10 percent gain. Activision Blizzard also did well, ending the week up 5.9 percent. Zee Entertainment, following an analyst downgrade and worries over its balance sheet, was the worst performer, down 13 percent.
Last week in media: hit TV shows find new streaming homes, Mediaset finds new partner in creating MFE
2019-09-23 07:05:00| Telecompaper Headlines
(Telecompaper) Nexstar was allowed to become the largest broadcaster in the US last week. In the broader video market, some of the biggest hit television shows were at the centre of attention as Netflix and AT&T were buying up series for their streaming services. Facebook introduced new hardware and Alphabet's cloud unit, the Google Cloud Platform, announced large investments in both data centres and renewable energy. Our Global Media Index was down 1.2 percent in week 38, versus a loss of 0.5 percent for the S&P 500 index.
Mediaset shareholders approve European merger plan, Vivendi to launch court action
2019-09-04 15:45:00| Telecompaper Headlines
(Telecompaper) Italian broadcaster Mediaset announced that its shareholders approved the company's plan to set up a pan-European media group under a Netherlands-based holding company called Media for Europe (MFE) at an extraordinary meeting held in Milan. The corporate overhaul, strongly opposed by shareholder Vivendi, will result in the merger of Mediaset SpA and Mediaset Spain into the Dutch company, with Mediaset shareholders receiving one MFE ordinary share for each Mediaset share owned. The plan is to list MFE in Milan and Madrid later this year.
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Last week in media: Naspers nearing its split, Mediaset moving forward with its business combination
2019-09-02 07:01:00| Telecompaper Headlines
(Telecompaper) Last week, Naspers took the next step toward listing its Prosus unit in Amsterdam, while Mediaset is moving forward with its desire to combine its Italian and Spanish businesses. Walt Disney succeeded in offloading its last remaining sports network. The TPSI Global Media index ended week 35 up 2.9 percent, in step with the S&P 500's 2.8 percent gain. Year to date, the media sector maintained its lead over the general market, with a gain of 18.3 percent, ahead of 16.7 percent for the S&P 500.
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