Canal+ Group, the France-based media company has acquired ROK Studios, the Nigerian production company that has produced over 550 films and television series since its inception in 2013. According to the terms of the deal, ROK Studios will remain an independent company and also work closely with its former owners.
The annual Victoria's Secret fashion show, known for its jewel-encrusted bras and supermodels sporting huge angel wings, is bidding farewell to network television. Parent company L Brands Inc said on Friday (May 10) it was re-thinking the TV special, saying the Victoria's Secret brand "must evolve and change to grow" as it aims to turn its business around.
Bloomberg's Gerry Smith says traditional companies are observing the decline of cable subscribers. Smith discusses TV Everywhere and says the service never really caught on. Smith points out that many companies spend enormous amounts of money on sports rights and that those costs eventually get passed on to consumers.