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Tag: deal

  • Turner, Snapchat ink content, ad deal

    Turner, Snapchat ink content, ad deal

    Turner and Snap are expanding their partnership by bringing new brands to Snapchat’s Discover platform, extending live coverage of Turner’s premium sports events, and working with several Turner brands to develop Snapchat shows.

    The deal encompasses content, distribution and advertising centered around Turner’s leading portfolio of networks, programming, events and brands.

    “This deal marks the latest strategic move for Turner to innovate within the digital arena and provide complementary viewing experiences for a younger, mobile-centric audience,” said David Levy, president of Turner.

    “Snapchat is a powerful outlet to directly connect with the millennial generation and perfectly aligns with our portfolio-wide strategy to engage with audiences at every touch point,” said Levy.

    As part of this deal, Turner will work with Snap to develop original shows from its series and brands such as TBS, Adult Swim, truTV, Great Big Story and Super Deluxe.

    Turner’s portfolio will create and produce original content from its popular franchises and networks specifically for Snapchat’s mobile-first audience.

    Turner’s Bleacher Report, the digital sports brand for the millennial generation, will launch a Discover Channel in the United States, comprised of videos, images, animations and graphics covering the top stories in sports each day.

    It will join the CNN Discover Channel, which will expand its offering to feature more daily content than ever before, including in-depth, global news stories hand-curated for the Snapchat community.

    The agreement continues to leverage Snapchat’s immersive Live Stories with expanded coverage of Turner’s premium sports content, including the NCAA Division I Men’s Basketball Championship and the PGA Championship.

    The exclusive access around these premium sports properties brings Snapchatters closer to the action with behind-the-scenes coverage, videos and photos from on-site correspondents.

    Turner and Snapchat will collaborate on advertising sales, developing exclusive and immersive ad experiences that provide brands the space to connect with millennials in a dynamic mobile environment within original shows and Live Stories.

    The two companies will also provide sponsors with creative advertising opportunities on the Discover Channels, offering brands a full-screen, creative canvas for mobile storytelling.

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  • Nokia closes handset brand licensing deal

    Nokia closes handset brand licensing deal

    Nokia has announced it has completed the transactions that will allow HMD Global to become the new brand licensee for Nokia feature phones, smartphones and tablets.

    HMD Global has secured an exclusive global brand license for a 10-year term. HMD was created by a group of former Nokia employees to revive the Nokia handset brand, and entered the exclusive licensing agreement with Nokia in May.

    The necessary transactions involved HMD, Hon Hai subsidiary FIH Mobile and Microsoft, following the latter’s ill-fated purchase of Nokia’s device business for $7.4 billion in 2013.

    HMD will continue to provide Nokia branded feature phones for emerging markets, and will also produce new Nokia smartphones and tablets for its device portfolio.

    Nokia will receive royalty payments on each sales covering both brand and intellectual property rights.

    “We’ve been overwhelmed by the enthusiasm shown around the world for the return of the Nokia brand to smartphones,” Nokia Technologies interim president Brad Rodrigues said.

    “The HMD Global team has the ambition, talent and resources to bring a new generation of Nokia branded phones to market, and we wish them every success. I’m sure our millions of Nokia fans will be excited to see their new products.”

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  • Ooredoo Maldives signs deal with Thuraya

    Ooredoo Maldives signs deal with Thuraya

    Ooredoo Maldives has contracted mobile satellite services provider Thuraya to supply fisheries and resorts in the tropical nation with satellite-based voice and broadband connectivity.

    The operator yesterday launched Thuraya SatSleeve+ and SatSleeve Hotspot devices and accompanying data packages at its retail outlets.

    In the first phase of the partnership, Ooredoo is offering the devices and services to fisheries under a two-year contract.

    The agreement addresses a mandate from the Maldives government requiring commercial fishing operators to outfit their vessels with satellite equipment and supply anglers with satellite phones, to address requirements including worker safety.

    Ooredoo’s Hussain Niyaz commented that “traditionally, fishery is the main occupation and major source of livelihood in the Maldives. It is also the second largest industry in the country. Safety is an important driver in this sector, where there are many accidents.”

    In the second phase of the agreement, which will come into effect later this year, the operator will market the services to the Maldives’ 105 plus resorts.

    This too will fulfil a mandate by the government requiring all resorts and tourist facilities to install satellite communications equipment as an additional safety measure.

  • Ericsson signs raft of content deals for Nuvu

    Ericsson signs raft of content deals for Nuvu

    Ericsson has signed a slate of deals with leading content distributors for its subscription video on demand (SVOD) service Nuvu, acquiring more than 2,500 hours of content from international distributors including Viacom (MTV, BET, Nickelodeon), MGM, CBS, Al Jazeera, DHX Media and Mattel.

    Titles include globally recognized hit TV franchises such as Hawaii Five-O, Next Top Model, CSI: Miami, Being Mary Jane, SpongeBob SquarePants, Bob the Builder, Vikings and many others along with a raft of premium Hollywood movies.

    Ericsson has also licensed dozens of pan-regional and local African TV series and movie content from distributors such as iRoko, Trace and Agwhyte International along with hundreds of music videos from the 960 Music Group, which is home to some of West Africa’s most influential music artists including P-Square, 2Baba and Yemi Alade.

    “We created Nuvu to help mobile operators in emerging markets to address a significant untapped market for video content,” said Thorsten Sauer, head of broadcast and media services at Ericsson. “Africa has some of the highest mobile adoption rates globally and there is a high demand for quality content from consumers.”

    Nuvu is a complete end-to-end SVOD service developed by Ericsson for mobile operators in emerging markets, which spans both the technology platform and the content licensing. The service leverages the company’s extensive over-the top capabilities based on Ericsson Managed Player and components of Ericsson MediaFirst TV Platform.

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  • Reliance Jio said to close in on iPhone deal

    Reliance Jio said to close in on iPhone deal

    India’s Reliance Jio Infocomm is reportedly on the verge of securing a long-term partnership with Apple covering the supply of VoLTE iPhones for the operator’s upcoming 4G network.

    Executives from Reliance Jio parent Reliance Industries and Apple recently reached an in-principle agreement at a meeting in Mumbai, citing senior executives aware of the meeting.

    The prospective deal would reportedly see Apple supplying “a couple of million” iPhones with VoLTE support that will work on the operator’s network. Reliance plans to sell bundled iPhones through its sales and distribution network covering 120,000 retailers and e-commerce companies.

    Reliance Jio also plans to adopt the enterprise retail offerings developed by Apple and IBM for its retail network, to help improve the customer experience.

    Apple CEO Tim Cook has given in-principle agreement to such a partnership with Reliance Jio, the report states.

    Cook is said to have also used the meeting to make a pitch for Reliance Jio to adopt Apple Pay in Reliance Retail stores, and the company has agreed to evaluate the possibility of such a deployment.

    Reliance Jio recently revealed it had exceeded 500,000 LTE users despite only so far launching services for its employees and those of its partners and vendors. The operator’s long-awaited public launch is expected for later this year.

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  • IFC to provide $25m funding for Myanmar’s largest retail group City Mart

    IFC to provide $25m funding for Myanmar’s largest retail group City Mart

    The International Finance Corporation, the World Bank Group’s private lending arm has signed for a $25 million loan to be provided to City Mart Holding Company Limited, the largest private retail group in Myanmar, to finance the expansion of the retail business in the country.

    Currently, CMHL has over 150 retail outlets in the country and plans to construct about 20 more supermarkets and hypermarkets over the next three years.

    Its plans are “to increase its purchases from domestic suppliers six fold, reaching around $150 million by 2021, and create nearly 4000 new jobs, half of which will be for women,” according to the filing.

    IFC hopes that CMHL’s expansion in the retail sector in the country, will help create jobs, develop supply chain and logistics infrastructure and support smaller businesses.

    “With our global expertise and industry knowledge, we will be delighted to work with CMHL to improve efficiency and standards to become a model retailer in Myanmar,” said Vivek Pathak, IFC’s regional director for East Asia and Pacific.

    CMHL’s shareholders are Win Win Tint, the founder and managing director and her relatives.

    “IFC’s investment is a sign of confidence in our business plan as well as in Myanmar’s retail sector potential,” said Win Win Tint. “In addition to funding, IFC’s expertise and advice on food safety, good social and environmental practices and corporate governance will also help us take the company to the next level.”

    Myanmar has a $12 billion retail sector that is predominantly informal with formal retailers holding less than 10 per cent of the market, according to the filing.

    IFC is supporting reforms and investments in Myanmar, to strengthen the private sector and create new jobs for poverty reduction and boost shared prosperity. IFC works together with the government, private sector to improve the investment climate, access to finance and infrastructure. Their initial focus is on power and telecommunications.

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