Tag Archives: Entertainment Production (NEC) (TRBC level 5)

UPDATE 1-Italia wants Open Fiber control in the broadband launch drive – source | Instant News


* CDP will not take any precautions on Open Fiber stock sources

* CDP wants a 10% stake in Open Fiber for source control

* TEAM board including CDP Chairman – source (Records by raising stakes, adding comments, background)

ROMA / MILAN, 22 Feb (Reuters) – Italian state lender Cassa Depositi e Prestiti (CDP) wants to increase its stake in Open Fiber to 60% to take control of the broadband company, sources say, as Rome moves ahead with plans to increase ultra-fast connectivity across the country.

CDP will not exercise its first refusal rights on the 50% utility stake that Enel sells in Open Fiber but wants to increase its own stake to 60%, two sources close to the matter said.

Enel, which co-owns Open Fiber with CDP, is in talks to sell 40% to 50% of the fiber infrastructure group to Australian fund Macquarie in June.

Under the deal, Macquarie will pay 2.65 billion euros ($ 3.2 billion) for a 50% stake, although any final price may fluctuate depending on a series of acquisition clauses.

The source said CDP would relinquish its pre-emption rights but entered into talks to buy a 10% stake in Open Fiber from Enel, and negotiate governing rights with Macquarie to take full control.

Former Italian Economy Minister Roberto Gualtieri has tried to create a full-fiber national network by combining Open Fiber with Italian Telecom (TIM) landline assets.

New Prime Minister Mario Draghi has put digital infrastructure at the heart of his government’s agenda, but he hasn’t clarified whether he intends to implement an integrated network project and under what conditions.

Controlled by the Ministry of Finance, CDP is the second largest shareholder of TIM behind French media giant Vivendi but never holds a board seat.

A third source said on Monday that the list of Telecom Italia candidates to be presented for the new council at the annual general meeting would include CDP Chairman Giovanni Porno Tempini.

TIM will reveal the list on Tuesday. The source said the CDP could summon a new council on Thursday to discuss its support for the list.

Telecom Italia and CDP declined to comment while Enel could not be reached for comment. ($ 1 = 0.8229 euros) (Reporting by Giuseppe Fonte, Stephen Jewkes, Elvira Pollina; Editing by Richard Chang)

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FACTBOX-EU is unlikely to face a Facebook news ban after Australia | Instant News


BRUSSELS, February 19 (Reuters) – Facebook has blocked people in Australia from accessing and sharing news content in a dispute with the government requiring it to share news revenue.

Jurisdictions around the world have enacted rules requiring Google, Facebook and others to share revenue with publishers, including a 2019 directive from Brussels which EU countries will enact into law in June.

So, is the EU likely to face a Facebook news ban similar to the one imposed in Australia? Not. Here are a few reasons:

EU COPYRIGHT RULES

Approved in 2019 to help Europe’s creative industry earn a fair share of revenue, EU copyright rules require Google and other online platforms to sign licensing agreements with musicians, artists, writers, news publishers and journalists to use their work.

The rules do not force online platforms to pay for links posted by publishers to their news sites, Facebook’s main complaint with the Australian government.

In France, which is one of the first EU countries to implement the new rules, news publishers have reached an agreement with Google which, according to the European Commission, the EU executive, is a clear sign that copyright rules are effective in leveling the playing field. .

The so-called Media Bargaining Code is based on Australia’s competition law, which underlines a tougher approach than the EU.

FACEBOOK NEWS

Facebook sought to relieve pressure from news publishers last month by launching Facebook News in the UK and listing new partners Channel 4 News, Daily Mail Group, DC Thomson, Financial Times, Sky News and Telegraph Media Group above other news outlets.

Now they are looking for French and German media companies before launching services in the two countries.

EUROPEAN MEDIA GROUP

European media groups, part of the driving force behind EU copyright rules, do not have the same influence and geographic scope as News Corp, which struck a global deal with Google on Wednesday.

Large companies such as Germany’s Bertelsmann and French group Vivendi dominate their national markets due to language and cultural differences across the block. (Reporting by Foo Yun Chee, editing by Timothy Heritage)

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Bellator would welcome boxing action at MMA, said the CEO | Instant News


STOCKHOLM (Reuters) – Mixed martial arts need not be feared from extending legal protections to fighters emanating from boxing, said Bellator CEO Scott Coker after two new TV deals that will push MMA further into the mainstream.

Coker’s promotion recently announced broadcast deals with Showtime in the US and streaming service BBC iPlayer in the UK, and he said his organization would welcome the extension of the Ali Act, named after Muhammad Ali and designed to protect the rights and welfare of the boxer. , to MMA.

“Boxing has had it for decades, and if the government moves in that direction at MMA, we will accept it. We are not going to fight it, and that’s probably for everyone’s best, “58-year-old Coker said in a telephone interview.

“To be honest, this puts everyone on the same playing field, including us … I think it might be a blessing in disguise.”

The Ali Act was originally enacted in May 2000 to protect the rights and welfare of boxers, to assist state boxing commissions with boxing oversight and to address issues of sportsmanship and integrity in the industry.

One of MMA’s main problems is that the Ali Act prohibits promoters from having a ‘direct or indirect’ financial interest in fighters. MMA fighters usually sign exclusive contracts with promotions and are not allowed to freely negotiate with others.

The application of the law to the MMA may also result in mandatory external ranking systems and title challengers.

In 2016, a bill was introduced by Congressman and former fighter Markwayne Mullin to extend the Ali Act to the MMA, and recent changes in government in the United States have rekindled talk in the sport that more regulations may be under way.

The UFC, MMA’s biggest promotion, previously told Reuters they would oppose such a move because it would affect their ability to matchmaking freely, but Coker and Bellator have different views.

“We have always been a ‘fighters first’ organization, and if they (fighters) want to go this route and the government wants to go this route, then we will do it, we will stick with it. We will make some adjustments and this is business as usual, as far as I know, “he said.

Bellator staged 18 events, including an undercard from Paris broadcast on iPlayer, in the 2020 calendar which is severely restricted by the COVID-19 pandemic, but the promotion that Viacom has has precautionary measures when it increases its activity again.

“We are still under the guidelines of the Viacom protocol committee, we are regulated like Paramount Pictures,” said Coker. “Say they are making a film or TV production, we are also working on it because we have to adhere to their protocol.

“On fight week I’m usually out and about, now I’m in my hotel room 80 percent of the time, but if that’s what it takes to keep on fighting and providing content for Showtime and broadcast partners and, mostly importantly, for the fighters. we will stay within our bubble. “

With major TV deals secured in the US, UK and Russia, Bellator is now turning their attention to other markets.

“In most parts of the world, you will be able to see the Bellator live before April 2,” said Coker.

Reporting by Philip O’Connor; Edited by Ken Ferris

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Mediaset Italia is appealing the verdict waiving Vivendi’s vote: source | Instant News


FILE PHOTO: Vivendi logo seen in Paris April 8 2015. REUTERS / Gonzalo Fuentes / File Photo

MILAN (Reuters) – Mediaset has appealed against a court ruling lifting restrictions placed on French media giant Vivendi’s stake in the Italian broadcaster, two legal sources said on Friday.

Last month, an Italian administrative court removed a regulatory cap limiting Vivendi’s shareholding in Mediaset to 10%, potentially giving the French group back the voting rights of 29%.

That could give Vivendi the power to block any extraordinary resolution at a Mediaset shareholder meeting as well as help secure some representation on the board of Italian companies, which are controlled by former Prime Minister Silvio Berlusconi.

The two groups have been locked in a legal battle since 2016 when Vivendi scrapped a deal to buy Mediaset’s pay TV unit and build shares that Mediaset deemed hostile.

Mediaset declined to comment. Vivendi could not be immediately reached for comment.

Reporting by Elvira Pollina, editing by Valentina Za and Susan Fenton

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Mediaset Italia is appealing the verdict waiving Vivendi’s vote: source | Instant News


FILE PHOTO: Vivendi logo seen in Paris April 8 2015. REUTERS / Gonzalo Fuentes / File Photo

MILAN (Reuters) – Mediaset has appealed against a court ruling lifting restrictions placed on French media giant Vivendi’s stake in the Italian broadcaster, two legal sources said on Friday.

Last month, an Italian administrative court removed a regulatory cap limiting Vivendi’s shareholding in Mediaset to 10%, potentially giving the French group back the voting rights of 29%.

That could give Vivendi the power to block any extraordinary resolution at a Mediaset shareholder meeting as well as help secure some representation on the board of Italian companies, which are controlled by former Prime Minister Silvio Berlusconi.

The two groups have been locked in a legal battle since 2016 when Vivendi scrapped a deal to buy Mediaset’s pay TV unit and build shares that Mediaset deemed hostile.

Mediaset declined to comment. Vivendi could not be immediately reached for comment.

Reporting by Elvira Pollina, editing by Valentina Za and Susan Fenton

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