Latest news with #CarolineSmith
Yahoo
30-05-2025
- Business
- Yahoo
Nexxen Announces Transition to Reduced $50 Million Revolving Credit Facility
NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) ('Nexxen' or the 'Company'), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that it has successfully completed an amendment to its existing revolving credit facility. Nexxen amended the revolving credit facility to, among other things, reduce the committed facility size from $90 million to $50 million and extend the maturity to September 2027. Nexxen's strong cash position, combined with the updated facility, provides ample liquidity to support ongoing business needs as well as future strategic investments and initiatives. About Nexxen Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform ('DSP') and supply-side platform ('SSP'), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen's robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be. Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit For further information please contact: Nexxen International Eckert, Vice President of Investor Relationsir@ Caroline Smith, Vice President of Communicationscsmith@ Forward Looking Statements This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'may,' 'can,' 'will,' 'estimates,' and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the anticipated benefits of Nexxen's amended credit facility and Nexxen's future access to ample liquidity to support ongoing business needs as well as future strategic investments and initiatives. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company's most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission ( on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law. Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word 'partner' or 'partnership' in this press release does not mean a legal partner or legal while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Nexxen and VIDAA Sign Non-Binding MOU to Extend and Expand Strategic Partnership
Agreement would extend Nexxen's global ACR data exclusivity with VIDAA, while adding display ad monetization exclusivity across VIDAA's media in North America NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) ('Nexxen' or the 'Company'), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced it has signed a non-binding memorandum of understanding ('MOU') with VIDAA to potentially extend and expand their existing strategic partnership for multiple years beyond its current term, which is set to expire at the end of 2026. Under the terms of the MOU, Nexxen would retain exclusive global access to VIDAA's Automatic Content Recognition ('ACR') data and expand its ad monetization exclusivity to include display ad monetization across VIDAA's media in North America. The MOU also outlines a potential additional investment by Nexxen in VIDAA, aimed at accelerating the expansion of VIDAA's smart TV footprint in the U.S. over the long term, further deepening the strategic alignment between the two companies. The MOU is non-binding and subject to the negotiation and execution of definitive agreements, as well as customary closing conditions. About Nexxen Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform ('DSP') and supply-side platform ('SSP'), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen's robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be. Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit About VIDAA Launched in 2014, VIDAA is a global leader in smart TV platforms, offering cutting-edge technology and user-friendly experiences. With more than 400 brand partners and over 40 million connected devices worldwide, VIDAA provides viewers with access to a broad range of global and local content, with a focus on ease of use, speed, and security. VIDAA's platform is known for its seamless integration of apps, streaming services, and live TV, delivering an all-in-one entertainment hub to millions of homes. The company continues to innovate by investing in long-term software support, keeping its devices current with the latest advancements in smart TV technology. For further information please contact: Nexxen International Eckert, Vice President of Investor Relationsir@ Caroline Smith, Vice President of Communicationscsmith@ VIDAADenis Ostir, Senior Director, Forward Looking Statements This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'may,' 'can,' 'will,' 'estimates,' and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding Nexxen's non-binding MOU with VIDAA and the implications thereof, including but not limited to the anticipated benefits related thereof, as well as any other statements related to Nexxen's future financial results and operating performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to risks related to the continued negotiation of definitive agreements and related to the satisfaction of the closing conditions thereto, and risks related to the ability of the parties to realize the anticipated benefits of the potential extended and expanded partnership. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company's most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission ( on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law. Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word 'partner' or 'partnership' in this press release does not mean a legal partner or legal in to access your portfolio
BBC News
15-05-2025
- Science
- BBC News
Natural History Museum visitors to touch parts of moon and Mars
Visitors to London's Natural History Museum will be able to touch a piece of the moon and the planet Mars at a new museum is opening its first display dedicated to space exploration, with more than 60 objects on view - including a parachute NASA used to practice transporting an asteroid to Earth. Visitors can see fragments of an asteroid and even smell pods that recreate the scents of Caroline Smith, lead scientist on the exhibition, said there was "more evidence than ever before" that life could exist beyond Earth. She said the latest findings from space missions and data held in the museum's meteorite collection have contributed to their understanding."We are over the moon to share what we know so far about the search for life in space," she Could Life Exist Beyond Earth? opens on Friday, with tickets costing up to £16.50.
Yahoo
01-05-2025
- Business
- Yahoo
Nexxen Announces April 2025 Share Repurchase Program Summary
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) ('Nexxen' or the 'Company'), a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced that during April 2025 the Company repurchased 1,877,280 Ordinary Shares at an average price of $8.74. In April 2025, Nexxen completed its previous $50 million Ordinary Share repurchase program and launched a new and ongoing $50 million Ordinary Share repurchase program, which is expected to continue until the earlier of November 19, 2025, or completion. The ongoing program does not obligate Nexxen to repurchase any particular amount of Ordinary Shares and the program may be suspended, modified or discontinued at any time at the Company's discretion, subject to applicable law. As of April 30, 2025, Nexxen had 60,713,596 Ordinary Shares outstanding (excluding treasury shares) and approximately $39.0 million remaining under its current share repurchase program authorization. About Nexxen Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform ('DSP') and supply-side platform ('SSP'), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen's robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to achieve their goals, no matter how far-reaching or hyper niche they may be. Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on Nasdaq (NEXN). For more information, visit For further information please contact: Nexxen International Eckert, Vice President of Investor Relationsir@ Caroline Smith, Vice President of Communicationscsmith@ Forward Looking Statements This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'may,' 'can,' 'will,' 'estimates,' and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Company's capital allocation plans generally and with respect to its ongoing and future share repurchase programs, as well as any other statements related to Nexxen's future financial results and operating performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company's most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission ( on March 5, 2025. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law. Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word 'partner' or 'partnership' in this press release does not mean a legal partner or legal in to access your portfolio
Business Mayor
23-04-2025
- Business
- Business Mayor
International tourism to the U.S. slumps, but Americans can't stop traveling overseas
Tourists look at the Bridge of Sighs in Venice, Italy, on Aug. 25, 2021. Andrea Merola | Bloomberg | Getty Images Caroline Smith, an accounting director from Verona, New Jersey, and her husband took their two children to Italy for Easter break this month. On the Spanish Steps in Rome, they ran into another family from their town. Two other families from the same area were also independently visiting Italy at the same time, she said. The families are part of an emerging trend in the $11 trillion global travel industry: Americans are traveling abroad in droves, while the number of visitors to the United States is falling. Foreign visitors to the United States by air fell nearly 10% in March from the same month a year earlier and nearly 13% from before the pandemic to 4.54 million people, according to data from the International Trade Administration, part of the Commerce Department. Easter week last year was in March, causing some vacations to shift this year. However, U.S. citizens flying abroad increased 1.6% from last March and are up 22% from 2019 to 6.56 million travelers. The imbalance could further deepen the more than $50 billion gap between what the U.S. generates through travel and tourism services and what Americans spend abroad. It's a concern for the U.S. travel industry, which brings in about $1 trillion a year. The U.S. Travel Association on Jan. 9 said it expected a more than 12% increase in spending from international tourism in the United States this year. An on-again-off-again trade war, high-profile detentions of visitors as well as visa-holders and permanent residents, along with President Donald Trump's rhetoric about taking over countries like Canada, along with a strong U.S. dollar for much of this year and travel warnings haven't helped drum up demand from international travelers. The White House didn't immediately respond to a request for comment. 'This points to potentially another channel to consider in assessing the effect of tariffs on economic activity,' JPMorgan said in a note Wednesday, adding that a decline in foreign travel spending could subtract around 0.1% from the gross domestic product this year. 'Concerns around detentions of foreign visitors, sometimes by accident, are only compounding this effect.' Samuel Engel, senior vice president at consulting firm ICF, said that while 'there's no question that foreigners are finding the U.S. less welcoming' another question is if the hesitance to travel to the U.S. from abroad is now showing up in international business travel. 'Business people don't ink deals in the face of uncertainty,' he said. United Airlines last week said bookings from international passengers originating in Europe are down 6%, while those originating in Canada are down 9% year over year. Delta Air Lines said it was seeing a similar phenomenon. But American consumers' appetite for international trips is helping to soften the blow of fewer international tourists and weaker-than-expected demand in domestic U.S. travel for some companies, like United and Delta, which are cutting back flights within the United States later this year. 'I traveled around Europe a lot pre-kids so I've been trying to do the same with the family now that the kids are older,' said Smith, 44, who has a 7-year-old and an 11-year-old. 'We went to Spain in 2023 and Portugal in 2024, chosen in part because the flights are short, in comparison to Greece, which is on the list.' Grace Cular Yee, a travel agent based in Virginia, said a lot of her clients are considering international travel more than domestic in part because they're wanting to splash out on college graduation trips since their kids largely missed out on high school commencement celebrations during Covid. 'This is a major milestone for the whole family,' she said, adding that while many travelers get ideas from social media, more Americans are also getting inspired by television shows, like the latest season of 'The White Lotus,' which was set in Thailand. She said she recently planned a trip to France for a mother-daughter high school graduation trip because the daughter loves the show 'Emily in Paris.' United said that advanced bookings earlier this month are stable and premium-cabin sales are up 17%, while international demand is up 5%. Delta's president, Glen Hauenstein, is optimistic that the trend will continue and said cash sales for international travel are coming in ahead of the same point last year. 'Sales that are coming in the door as of yesterday that we're recording today as cash are very strong for international through the summer all the way out to September, October,' he said on an April 8 earnings call, adding that international sales were up on the year. Many working Americans and retirees are on edge with recent market tumult, but wealthy and aging travelers, particularly in the pricy front of the plane, are helping to offset that. 'Being a baby boomer, I can say this without fear of retribution: There's only so much time to go to Europe or almost so much time to go see Australia or Japan,' Hauenstein said on an April 8 earnings call. 'So you've got this wealth effect where this cohort of retirees is wealthier than any other cohort even with the most recent rundown, and they want to go do things.' Read More Haiti's Ruling Council Fires Acting Prime Minister It isn't clear whether a pullback in consumer spending in the back of the plane or even some softness in corporate travel growth is a sign that high-end, international leisure travel bookings will weaken too. For now, the labor market remains strong. 'Everybody's life is not fully disrupted but everybody's life is on more tenuous footing right now,' said ICF's Engel. 'The way people manage uncertainty is they hold back on decisions.'
