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Top related persons:
Daniel Křetínský - 2 Jonathan Reynolds - 2 ” - 2 Křetínský - 2 Křetínský’s - 1 Henry VIII - 1 Patrik Tkáč - 1 Rishi Sunak - 1
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Royal Mail - 3 Royal - 3 Distribution Services - 2 Labour Party - 2 Labour - 2 Bloomberg - 2 West Ham United Football Club - 2 CNN - 2

Search resuls for: "Distribution Services"


11 mentions found


☆ Britain’s Royal Mail has been bought by Czech billionaire Daniel Křetínský for $4.5 billion
  + stars: | 2024-05-29 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
London CNN —The owner of Royal Mail has accepted a £3.5 billion ($4.5 billion) takeover bid from Czech billionaire Daniel Křetínský, paving the way for the sale of one of Britain’s oldest and most iconic institutions to a foreign owner for the first time. The deal follows a torrid few years for Royal Mail, which was privatized in 2013. “Royal Mail is as British as it gets, and Labour will take the necessary steps to safeguard its undeniable identity and place in public life,” he wrote in the letter, which he posted on X. A low-profile Czech national, Křetínský made his fortune through a sprawling empire of European energy companies, retailers and football clubs. He is worth an estimated $7.7 billion, according to the Bloomberg Billionaires Index, and owns a 27% stake in West Ham United Football Club.
Persons: Daniel Křetínský, Křetínský’s, Jonathan Reynolds, ”, Křetínský Organizations: London CNN, Royal Mail, Distribution Services, Labour Party, Conservative, Labour, Royal, Bloomberg, West Ham United Football Club Locations: Czech, United Kingdom, West
☆ Royal Mail: Meet Czech billionaire Daniel Křetínský who wants to buy Britain’s postal service
  + stars: | 2024-05-16 | by ( Anna Cooban | ) edition.cnn.com   time to read: +5 min
It has been operating a postal service in England since the reign of Henry VIII. EP Group has until May 29 to convert its £3.5 billion ($4.4 billion) non-biding offer into a formal bid for IDS. The likely sale would come after a difficult few years for Royal Mail, which was privatized in 2013. ‘As British as it gets’The potential buyout of Royal Mail has stirred anxieties about the consequences of the iconic British institution coming under foreign ownership. “Royal Mail is an important national asset that would benefit from being able to take a longer-term view,” the firm said.
Persons: Henry VIII, Daniel Křetínský, Křetínský, Patrik Tkáč, Rishi Sunak, Kemi Badenoch, Dave Ward, ”, ” Ward, Jonathan Reynolds, ” Ivana Kottasová Organizations: London CNN — Royal Mail, Distribution Services, IDS, Royal Mail, UK Department for Business, Trade, CNN, Bloomberg, Equity Investment, Newsweek, West Ham United Football Club, Reuters, Communication Workers Union, Labour Party, Royal, Labour Locations: England, Czech, British, United States, FNAC, France, United Kingdom, West
☆ Royal Mail is on the brink. Cutting letter deliveries to 3 days a week could save it
  + stars: | 2024-01-24 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
London CNN —Royal Mail could ditch its near-daily deliveries of letters as the centuries-old British institution attempts to modernize its service and plug a growing hole in its finances. Ofcom, the UK regulator overseeing the postal service, published proposals to rescue the beleaguered company Wednesday. It said Royal Mail could save as much as £650 million ($828 million) a year if it cut letter deliveries to three days a week from the current six. The number of letters sent via the Royal Mail network had halved since 2011, and financial losses have ballooned. Among its other proposals, Ofcom suggested that Royal Mail could save up to £200 million ($255 million) a year by cutting its letter deliveries down to five days a week, or by extending the time it takes to get mail to customers.
Persons: “ Something’s, ” Melanie Dawes, Kevin Hollinrake, Martin Seidenberg Organizations: London CNN — Royal, Ofcom, Royal Mail, BBC, United, Services, CNN, Royal, International Distribution Services Locations: ”
☆ Travel agency Booking to defend ETraveli deal at July 7 EU hearing
  + stars: | 2023-07-06 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +1 min
Booking announced its bid for peer Etraveli, owner of the brands Gotogate and Mytrip and operator of airline content distribution services provider TripStack, in November 2021. The European Commission said last month the deal will make it harder for rivals to compete with market leader Booking, by reinforcing its position in hotels and further expanding its reach into travel services like flights and car rentals. Booking will attempt to address regulators' concerns at a closed hearing in Brussels on Friday, Booking told Reuters via email. Senior officials from the EU competition watchdog and national antitrust agencies, as well commission lawyers, will participate in the hearing. Booking may have to offer remedies following the hearing to prevent a veto on the deal.
Persons: Foo Yun Chee, Emma Rumney Organizations: Holdings, European, Sweden's, Booking, TripStack, Capital, European Commission, EU, Thomson Locations: BRUSSELS, Brussels
☆ The 21-page pitch deck music startup Magroove used to raise $1.6 million to make distribution more affordable for independent artists globally
  + stars: | 2023-05-15 | by ( Nhari Djan | ) www.businessinsider.com   time to read: +2 min
Music startup Magroove built a global distribution and discovery platform. The Brazil-based startup, led by founders Vítor Cunha and Fabrício Schiavo, raised $1.6 million in seed funding. Music startup Magroove wants to give independent artists around the world better access to major streaming services. Cunha said Magroove's global audience, along with the scalability of its products, and its focus on independent music and creators, impressed the firm. They're looking to help independent artists who haven't accessed the mainstream music platforms or monetized their brands online.
☆ TikTok is quietly moving in on record labels' territory and insiders say its ambitions could end up 'pissing off' music partners
  + stars: | 2023-05-15 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +12 min
Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.
☆ Read the 21-page pitch deck a music startup used to raise $1.6 million to make distribution affordable for independent artists
  + stars: | 2023-05-12 | by ( Nhari Djan | ) www.businessinsider.com   time to read: +2 min
Music startup Magroove built a global distribution and discovery platform. The Brazil-based startup, led by founders Vítor Cunha and Fabrício Schiavo, raised $1.6 million in seed funding. Music startup Magroove wants to give independent artists around the world better access to major streaming services. Cunha said Magroove's global audience, along with the scalability of its products, and its focus on independent music and creators, impressed the firm. They're looking to help independent artists who haven't accessed the mainstream music platforms or monetized their brands online.
☆ How TikTok is trying to become the music industry's everything app, even if it risks 'pissing off' record labels
  + stars: | 2023-04-20 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +11 min
Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.
☆ Amazon CEO Andy Jassy on shifting consumer spending habits
  + stars: | 2022-11-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon CEO Andy Jassy on shifting consumer spending habitsAmazon CEO Andy Jassy joins CNBC's Andrew Ross Sorkin at the DealBook Summit to discuss changes in consumer buying trends, shifts in holiday season discretionary spending, and Amazon's partnership with third-party sellers and distribution services.
☆ Royal Mail's largest labour union rejects new conditional pay offer
  + stars: | 2022-10-31 | by ( Ajose Koilparambil | ) www.reuters.com   time to read: +2 min
Royal Mail and the Communication Workers Union (CWU) last week agreed to engage in talks through arbitration to resolve the months-long pay dispute and on Sunday the CWU withdrew its planned strike action in Britain in the next two weeks. Royal Mail's latest offer includes a 7% salary increase over two years, plus a lump sum payment of 2% of pay this year, but was subject to CWU agreeing to several changes including to Sunday working, start times and flexible working. The CWU, which represents more than 115,000 postal workers at Royal Mail, rejected the offer and said it would vote to take further strike action. "It (the offer) includes more unacceptable changes and a derisory 7% two-year pay offer that is well below projected inflation for both years," the CWU said in a statement. Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber and David EvansOur Standards: The Thomson Reuters Trust Principles.
☆ How DREAMSTAGE is taking live music streaming by storm, with global streaming service Deezer by its side
  + stars: | 2021-05-07 | by ( Sarah Finkel | ) www.businessinsider.com   time to read: +9 min
Deezer, a Paris-based music streaming service, recently made a significant investment in DREAMSTAGE in a symbiotic deal that will fuel both companies' growth. DREAMSTAGE, a ticketed live music streaming platform launched in the spring of 2020, has plans to reverse this fate and to even go as far as transforming the traditional live music business model for years to come. Now, the startup has caught the attention of the Paris-based music streaming service Deezer, which houses a catalog of 73 million tracks, including content from major record labels like Universal Music Group and Warner Music Group. "Even when live concerts start again, live streaming will become a natural addition to live shows," Albrecht wrote. The live music streaming industry is expected to generate $6.4 billion by 2027, according to MIDiA Research.
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