Asia-Pacific Markets - Latest Developments
Israel-based SintecMedia today announced that the company has acquired Pilat Media, both providers of media business management software. According to the Wall Street Journal, Pilat shareholders registered as of 6.00 p.m. (London) on April 2, 2014, shall receive 95 pence (US$1.60) in cash for per share, save where they have validly requested to receive such cash payment in NIS.
CASBAA, the Asia Pacific association for the broadcasting and related industries, held its inaugural CASBAA OTT Summit 2014: On Top of OTT on March 25, 2014 at the Grand Hyatt, Singapore. Focusing on the fast developing over-the-top (OTT) television services market, the event brought together thought leaders from across industries to share their experiences and insights into the evolving world of alternative content delivery, changing content consumption, technology, and revenue streams.
Social media has changed the way people interact with one another, and also how they discover, share and use content. It has become a unique and innovative platform for broadcasters to adopt, to effectively reach out to their existing and target audiences. The impact of social media on audiences will be discussed in-depth at the BroadcastAsia2014 and CommunicAsia2014 conferences to be heldin Singapore from June 17-20, 2014.
Although telematics technologies and services were first adopted by the long-haul trucking industry in the United States more than 20 years ago, adoption in the non-trucking sector is expected to equal the trucking industry in terms of numbers of connected vehicles by the end of 2014 and will dominate the commercial fleet telematics industry by the end of 2019, accounting for almost 50 million vehicles globally.
Access to broadband could be the universal catalyst that lifts developing countries out of poverty and puts access to health care, education and basic social services within reach of all, according to the UN Broadband Commission for Digital Development, which met in Dublin this weekend.
The Commission reiterated its call to International community to recognize the transformational potential of high-speed networks and ensure broadband penetration targets are specifically included in the UN post-2015 Sustainable Development Goals.
Qatar satellite company Es’hailSat, today announced that a Request for Proposals (RFP) has been issued for the design and manufacture of the company’s second satellite, Es’hail 2. The new satellite will be positioned at the 26 degrees East hotspot position for TV broadcasting will add to the company’s ability to provide high quality, premium DTH television content across the Middle East and North Africa.
Asia Satellite Telecommunications Holdings Limited reported that turnover was down 16% and profits attributed to shareholders down 4% for the year ended 31 December 2013 from the previous year. Turnover from continuing operations in 2013 was HK$1,498,631,000 (approximately US$ 194,822,000) and profits attributed to shareholders was HK$747,520,000.
The NAB Show will host 62 international delegations, including delegations attending for the first time from Germany, the Netherlands, Panama, Paraguay, Italy and Serbia. Approximately 30 percent of the event's 90,000+ attendees will travel from 155 countries to NAB Show, held April 5-10 in Las Vegas. NAB Show is the world's largest annual conference and expo for professionals who create, manage and distribute entertainment across all platforms.
Vislink plc today announced that it has completed the acquisition of Pebble Beach Systems for a total consideration of £14.9 million (approximately US$ 24.8 million), comprising £12.9 million payable in cash and £2.0 million represented by the issue of 4,700,904 new Vislink ordinary shares at a price of 42.545 pence per share, being the average mid-market closing price of Vislink's shares for the last 25 business days before, but not including, the day of completion.
Harris Broadcast has announced plans to split into two, under the new brands of Imagine Communications and GatesAir. Imagine Communications will be headquartered in Dallas, with Centers of Excellence in Denver, Toronto, Los Angeles, Tel Aviv and Beijing. Harris Broadcast made the announcement at its inaugural MediaDay held at Madison Square Garden in New York City.
