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The decision was made just a few days short of the US presidential election. The service will become accessible today in 12 countries, including Costa Rica, Ireland, Norway, Bulgaria, Cyprus, among other European regions.

The National Association of Television Program Executives announced the creation of three new events and its decision to hold its traditional NATPE Miami entirely online, due to the ongoing pandemic.

The decision ensures that the company's services will remain available to customers after UK was declared separate from the European Union and the offerings will now be regulated.

Various additional deals are currently in negotiation. "Cattleya" has been acquired by Deutsche Telekom for its MagentaTV OTT service in Germany, MoreTV in Russia and CIS, and Cosmote in Greece.

The decision was made amid a general disapproval of Wachtel's management style as well as general structural changes within the company. The successor of the executive has not yet been named.