October 3, 2011Congratulations to the August 28. 2011 workshop participants upon their graduation:from left:Sean-Paul VonAncken, Milo Pearse from Australia, Kyla Woods from Australia, Ryan Jones, Viridiana Acosta León from Mexico [planning intern].in front:Sasha, and Jenna Dern [construction intern]. [photo: David DeGomez]
German TV manufacturer Loewe has filed for insolvency, as attempts to restructure the business and refocus itself as an “entertainment platform system provider.”In a statement, Loewe said that the Coburg insolvency court yesterday approved the self-administration proceedings from Loewe’s management, but said that business “will remain fully operational beyond October 1, 2013.”It said that a restructuring process, initiated by the executive board, will also continue and that the company’s banks and the Bavarian state government continue to support the firm’s restructuring.“At the core of the change process at Loewe is the move from a TV manufacturer to an entertainment platform system provider. Besides specialised hardware knowledge, it is becoming increasingly important for Loewe to have greater software expertise to facilitate the management of its multimedia smart home-entertainment systems,” said Loewe.“Moreover, the company will join forces with partners to start offering special premium content exclusively for Loewe customers, thereby underlining the strong benefits of Loewe systems.”The firm has already partnered with Chinese company Hisense and recently launched joint sales and marketing activities with them in Austria, which Loewe said would be a test market for other European countries.
Marco LeonardiMediaset has named Marco Leonardi as the new CEO of its struggling pay TV unit, Mediaset Premium.Leonardi, who is currently head of acquisition and sales rights at Mediaset, will replace Franco Ricci, who has decided to pursue new professional opportunities outside the group.Mediaset said the appointment was to be seen as part of its strategy of making the Mediaset Premium offering ever-more innovative.In addition to Leonardi, Luca Poloni, the media group’s head of procurement, will also join the Mediaset Premium board with responsibility for leading digital transformation.Leonardi contributed to the launch of the pay TV unit in the role of content and marketing director.Mediaset said in January that it was rethinking its pay TV strategy, making pay channels and content available to other operators and opening up its domestic digital-terrestrial pay TV platform to all third-party content players interested in a “quality pay” proposition.Mediaset said it would “remain a non-sport channel publisher with a multi-platform distribution” and would “adopt an opportunistic approach to football rights”.The future of Mediaset Premium remains uncertain. Mediaset is currently in the midst of a long-running legal dispute with French media giant Vivendi over the latter’s decision to pull out of an agreement to take over the loss-making unit, amidst press speculation that the pair could still strike deal.Mediaset has reportedly also been in talks with pay TV rival Sky about an alternative deal that would see Sky take control of the service.