|
|
Mmvo David Oelhoffen, Far From Men
Russia s embattled Media Most group has finally signed a debt relief settlement with its major creditor, the state-controlled gas giant Gazprom. The agreement is essentially the same as the one reached a week earlier, which was scotched at the eleventh hour when Gazprom Media chief Alfred Kokh withdrew his offer ScreenDaily, November 14 . Under the terms of the agreement, Gazprom Media receives 25% plus one share of the Media Most gro stanley cup up, which is a blocking stake under Russian law and allows a veto at board meetings. In return, Gazprom has agreed to write off Media Most s $211m debt.A further 25% of Media Most will be u stanley cup sed as collateral against the $262m loan that falls due in March, 2001. Gazprom Media, which already owns 30% of Media Most s flagship broadcaster NTV, will receive an additional 16%, and a further 19% will be held as collateral.The agreement also stipulates that 25% of NTV will be sold to an as-yet-unspecified foreign investor through Deutsche Bank of London for a minimum of $90m. Kokh said he pulled out of the previous agreement after a warrant was issued for the arrest of Media Most chief Vladimir Gusinsky at the beginning stanley cup of last week. He claims that in the new deal, the two companies, rather than Gusinsky, are parties to the contract. Kokh also said the two civil cases against Media Most, which are still open, would be dropped if the deal is carried out according to plan. Both sides agreed that the deal would ensure freedom of speech for journalists worki Yguv BAFTA New York names new CEO, COO
Study predicts that 1.2m jobs will be lost due to piracy over the next five yearsPiracy will cost Europe 1.2 million jobs and $328m 鈧?40m by 2015, according to a study into the impact of piracy published this week. Building A Digital Economy:The Importance of Saving Jobs in the EUs Creative Industries is the first EU-wide study into the impact of piracy on the creative industries in the five major European markets - Germany, UK, France, Italy and Spain.According to the findings, the UKs creative industries experienced retail revenue losses of $1.9bn 鈧?.41 bn and losses of 39,000 jobs due to piracy in 2008, whilst the Europe-wide figures reached nearly $13.7bn 鈧?0bn in revenue and 186,400 jobs.The study, which was commissioned by the International Chamber of Commerce stanley cup s Business Action to Stop Counterfeiting and Piracy Initiative BASCAP , predicts that the loss in the UK alone could be up to 254,000 jobs and $10.7bn 鈧?.8bn in retail revenue by 2015, if measures outlined by the Digital Economy Bill are not adopted.Commenting on the research, Brendan Barber, General Se stanley usa cretary of UK based Trade Union Congress TUC , said: The scale of the problem is truly frightening now 鈥?let alone in the future if no firm actions against illegal file-sharing are taken. If there was ever the proof needed to demonstrate why the Digital Econ stanley cup omy Bill is imperative for the protection of our creative industries, this report is it. Liz Bales, of UK body Industry Trust, which recently launched |
|
立即註冊
登錄
