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Microsoft’s Xbox is expanding its ambitions beyond gaming with the creation of XP, a new division that will develop its franchises across film, television, consumer products and live entertainment.
The new operation, headed by former Mojang president Kayleen Walters, will bring together activities previously spread across Xbox’s various businesses...
Netflix is preparing to cut approximately 5% of its global workforce, potentially resulting in around 800 redundancies, according to reports in the United States.
The streaming company is understood to be planning a significant restructuring that could be announced as early as this week.
The proposed reductions were first reported by Puc...
Italy’s competition authority has approved the framework for selling Serie A television rights for the five seasons from 2029/30 to 2033/34, while calling for greater competition between broadcasters and safeguards against excessive costs for football supporters.
The Autorità Garante della Concorrenza e del Mercato (AGCM) has given its approval to the guidel...
Banks financing UK alternative broadband network CityFibre could face losses of up to £2 billion as the company seeks to restructure its debts and secure funding for further acquisitions.
According to The Sunday Telegraph, lenders including NatWest, Lloyds and Société Générale are expected to be asked to accept write-downs on CityFibre’s £3.8 bill...
Samsung TV Plus has signed a multi-territory agreement with BBC Studios to launch four FAST channels across 11 European markets, including the first dedicated EastEnders channel in the Benelux region.
Announced at MIPCOM Cannes, the agreement will see BBC Lifestyle launch in Spain, Germany, Switzerland, Austria, Sweden, Norway, Finland, Denmark, t...