global eagle entertainment i (ENT) Key Developments
Global Eagle Entertainment Inc. and UIEvolution, Inc Partner to Offer First Fully Integrated End-To-End Solution in Cruise
Jun 29 15
Global Eagle Entertainment Inc. and UIEvolution, Inc. announced a strategic partnership to offer the first fully integrated end-to-end solution for onboard passenger experiences to the maritime market. Through this partnership, GEE will combine their premium video-on-demand and live content, connectivity and rich digital media solutions with UIEvolution's ExperienceManager, a platform designed to manage VOD, Live TV, music, ship services and over-the-top apps. Together they will deliver a comprehensive solution that includes connectivity, engaging in-room experiences, digital media solutions, content and sponsorships to the maritime industry.
Global Eagle Entertainment and fydubai Sign Agreement to Deploy Fully-Integrated Inflight Entertainment and Connectivity (Ife&C) System
Jun 23 15
Global Eagle Entertainment Inc. (GEE) announced that it will equip flydubai's current and future fleet of Next-Generation Boeing 737-800 aircraft with GEE's broadband AIRCONNECT satellite connectivity system. The comprehensive agreement provides flydubai with an offering and technical capabilities that will continue to differentiate the airline from it's peers. The deployment on flydubai will be the industry's first to provide a bundled solution of inflight connectivity, in-seat IFE content and a provision for operations data, all from a single provider. GEE will also introduce a new capability, which updates the media content on the in-seat IFE system already in place on flydubai aircraft via the AIRCONNECT connectivity system. This is expected to be the industry's first use of broadband connectivity to routinely update the media content on embedded IFE systems. flydubai is already a GEE customer for inflight media content, and this new agreement greatly expands the relationship between the two companies. GEE's integrated IFE&C solution will offer wifi-enabled internet connectivity, an extensive library of stored content, such as local and international movies and TV shows, and other media delivered to passenger's handheld devices. GEE will support the generation of ancillary revenue through the sale of advertising and sponsorships, and will manage billing and payment processing.
Global Eagle Entertainment Inc. Presents at Bernstein Global Future of Media & Telecom Summit, Jun-23-2015 03:15 PM
Jun 20 15
Global Eagle Entertainment Inc. Presents at Bernstein Global Future of Media & Telecom Summit, Jun-23-2015 03:15 PM. Venue: Taj Boston, 15 Arlington Street, Boston, MA 02116, United States. Speakers: Kevin D. Trosian, Vice President of Corporate Development & Investor Relations.
Avianca Selects Global Eagle Entertainment to Provide Content Services Fleet-wide
May 20 15
Global Eagle Entertainment Inc. announced that it has been selected by Avianca Holdings to provide the in-flight entertainment service onboard its subsidiary airlines. Through this long-term agreement, GEE will provide a variety of international and regional inflight
entertainment (IFE), including movies, TV programming and audio, to Avianca's fleet of 168+ aircraft. The
agreement will also be extended to provide content services on the 33+ A320neo aircraft that the airlines
recently committed on order from Airbus. In addition, GEE will also provide content technical services to the
Global Eagle Entertainment Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reiterates Its Guidance for the Fiscal Year Ending December 31, 2015
May 6 15
Global Eagle Entertainment Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenue was $100.305 million against $85.968 million a year ago. Loss from operations was $4.030 million against $9.392 million a year ago. Loss before income taxes was $4.117 million against $24.892 million a year ago. Net loss attributable to common stockholders was $3.431 million or $0.06 per basic and diluted share against $26.343 million or $0.37 per basic and diluted share a year ago. Adjusted EBITDA was $8.163 million against $5.077 million a year ago.
The company reiterates its guidance for the fiscal year ending December 31, 2015, the company expects, revenue in the range of $415-435 million, adjusted EBITDA in the range of 45-55 million. Capital expenditures in the range of 1 0-13 million.