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Global Eagle Entertainment Inc (ENT.OQ)

ENT.OQ on NASDAQ Stock Exchange Capital Market

3.25USD
26 May 2017
Change (% chg)

$0.06 (+1.88%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Global Eagle Entertainment files for non-timely 10-Q
Thursday, 11 May 2017 04:26pm EDT 

May 11 (Reuters) - Global Eagle Entertainment Inc ::Global eagle entertainment inc files for non-timely 10-Q - sec filing.Global eagle says must implement additional internal controls, procedures & take remedial actions relating to material weaknesses before finalizing reports.Global eagle says review process could time and resources and co may identify material weaknesses in addition to the previously disclosed ones.  Full Article

Global Eagle Entertainment names Paul Rainey as CFO
Monday, 10 Apr 2017 08:00am EDT 

Global Eagle Entertainment Inc : Global Eagle Entertainment names Paul Rainey chief financial officer .Rainey commenced employment on April 3, 2017.  Full Article

Global Eagle Entertainment says board of co appointed Paul Rainey to serve as company's CFO
Friday, 7 Apr 2017 05:42pm EDT 

Global Eagle Entertainment Inc : Global Eagle Entertainment Inc - On April 3, 2017, board of co appointed Paul Rainey to serve as company's executive vice president and CFO . Global Eagle Entertainment - Jeffrey A. Leddy, co's chief executive officer, will no longer serve as company's interim principal financial officer .Global Eagle Entertainment Inc - Jeffrey A. Leddy will continue to serve as company's chief executive officer - SEC Filing.  Full Article

Global Eagle Entertainment announces multi-year deal with Norwegian Cruise Line
Tuesday, 14 Mar 2017 07:00am EDT 

Global Eagle Entertainment Inc : Multi-year deal with Norwegian Cruise Line to enhance services across Norwegian Cruise Line brand's fleet of 14 ships .Under deal, Global Eagle is implementing flexible, tiered plans for wi-fi, texting and video.  Full Article

Global Eagle, Shareco of HNA Group to form a joint venture
Tuesday, 8 Nov 2016 04:17pm EST 

Global Eagle Entertainment Inc : GEE enters into agreement with Shareco of HNA Group to make major investment in GEE and to form a joint venture to provide inflight entertainment and connectivity services in China . Global Eagle Entertainment - Shareco plans to invest up to $416 million in GEE stock at $11 per share through primary and secondary share purchases . Shareco will make an initial primary equity investment in gee of approximately $103 million . Global Eagle Entertainment Inc - Shareco will also make contemplated additional primary and secondary common equity purchases upon formation of JV . Global Eagle Entertainment - GEE and Shareco would form a JV to provide IFEC and passenger monetization services to HNA Airlines . Global Eagle Entertainment - Shareco agreed to acquire newly issued shares of GEE for $11/share, resulting in a 9.9 pct post-investment ownership stake . Global Eagle Entertainment Inc - GEE is expected to own up to 49 pct of JV, and Shareco would own remainder . Global Eagle - upon completion of second investment, Shareco would have right to nominate GEE board seats proportionate to its ownership position in GEE . Global Eagle Entertainment Inc - GEE expects that completion of Shareco's initial primary investment will occur during first half of 2017 . Global Eagle Entertainment Inc - expects completion of JV and second stage equity investments completed later in 2017.  Full Article

Gee announces third quarter 2016 results
Tuesday, 8 Nov 2016 04:15pm EST 

Global Eagle Entertainment Inc - : GEE announces third quarter 2016 results . Says for Q4 2016, projecting adjusted EBITDA to be between $23 million and $27 million . Full year 2016 capital expenditures in range of $45 million to $50 million . Q3 earnings per share $0.23 . Q3 revenue $146.9 million versus I/B/E/S view $156.8 million . Q3 earnings per share view $0.01 -- Thomson Reuters I/B/E/S .Sees FY 2016 revenue $530 million to $538 million.  Full Article

Global Eagle Entertainment and Intelsat sign 'epic' expansion deal
Wednesday, 26 Oct 2016 04:00pm EDT 

Global Eagle Entertainment Inc - : Global Eagle Entertainment and Intelsat sign 'epic' expansion deal .Intelsat SA - Co, Global Eagle Entertainment entered into a new and expanded contract to deliver broadband connectivity across five continents.  Full Article

Global Eagle Entertainment, Qatar Airways sign content services agreement
Tuesday, 25 Oct 2016 10:29am EDT 

Global Eagle Entertainment Inc : Press release - Global Eagle Entertainment and Qatar Airways sign content services agreement .Company to provide inflight entertainment content services on Qatar Airways' commercial airliners, charter aircraft, executive business jets.  Full Article

Global Eagle Entertainment files for resale of up to 9.9 mln shares of co's common stock
Tuesday, 11 Oct 2016 06:29pm EDT 

Global Eagle Entertainment Inc : Files for resale of up to 9.9 million shares of co's common stock by selling stockholders - SEC filing Source: (http://bit.ly/2dZB8Vo) Further company coverage: [ENT.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Global Eagle entered into settlement with UMG Recordings, Capitol Records, LLC, Universal Music Corp
Friday, 12 Aug 2016 05:55pm EDT 

Global Eagle Entertainment Inc : Co, units entered into settlement agreement dated as of Aug 9 with UMG Recordings, Inc., Capitol Records, LLC, Universal Music Corp . Settlement agreement for resolving all claims relating to lawsuit filed by UMG against Co for music copyright infringement,related claims . Co agreed to compensate UMG and/or its designees ,a cash payment of $15 million plus issuance by co of 1.4 million shares of its common stock . Settlement agreement defines “UMG content” as original works of authorship owned or controlled by UMG or its affiliates .Settlement agreement also includes, on or prior to March 31, 2017, a cash payment of $5 million.  Full Article

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BRIEF-Global Eagle announces receipt of Nasdaq notification

* Continued non-compliance since it has not yet filed quarterly report on form 10-Q for fiscal quarter ended March 31, 2017 Source text for Eikon: Further company coverage: