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French broadcasters close ranks with anti-Netflix merger


TechnologyFrench broadcasters close ranks with anti-Netflix merger
Mathieu RosemainGwénaëlle Barzic
5 minute read
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A view shows French television networks TF1 headquarters in Boulogne-Billancourt, near Paris, France, February 18, 2021. REUTERS/Gonzalo Fuentes/File Photo
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France s two biggest private broadcasters are closing ranks to fend off the meteoric rise of U.S. streaming platforms, hoping the desire for a national champion that can take on global video-on-demand giants will trump domestic antitrust concerns.
Announcing their merger on Monday, TF1 and M6 stressed their move was a response to the accelerating challenges from global platforms, saying the deal was critical to ensure the long-term independence of French content creation. ....

Ian Whittaker , Kepler Cheuvreux , Thomson Reuters Trust Principles , Isabelle De Silva , Thomson Reuters Trust , ஈயந் விட்டேக்கர் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , இசபெல் டி சில்வா , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

AT&T to shed media assets, combine them with Discovery for $43 billion


TechnologyAT&T to exit media in $43 bln deal with Discovery
Subrat PatnaikKenneth Li
4 minute read
The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid/File Photo
AT&T (T.N), owner of HBO and Warner Bros studios, and Discovery (DISCA.O), home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.
Discovery President and Chief Executive David Zaslav will lead the proposed new company, which brings together one of Hollywood s most powerful studios, including the Harry Potter and Batman franchises, and Discovery s stable of unscripted home, cooking and nature and science shows. ....

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Telefonica looks to sell logistics unit Zeleris amid COVID-era boom


Media & TelecomTelefonica looks to sell logistics unit Zeleris amid COVID-era boom
Reuters
2 minute read
The logo of Spanish Telecom company Telefonica is seen at its headquarters in Madrid, Spain, May 12, 2021. REUTERS/Sergio Perez
Spanish telecoms group Telefonica (TEF.MC) is seeking buyers for its logistics and express-delivery unit Zeleris, a source familiar with the offer said on Monday, amid a months-long boom in the business as COVID-19 pushes people to shop online.
The mobile and broadband provider has entrusted the sale of Zeleris, which operates around the world and employs 1,200 people, to consultancy firm Ernst & Young, which valued the asset at up to 100 million euros ($121 million), said the source, who is familiar with the logistics sector. ....

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