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SYDNEY: Think TV, a new research-driven marketing and technology development company, has named seasoned marketing exec Kim Portrate as its first CEO.

The economic problems plaguing a number of Latin American markets have led Zenith to lower its forecast for global ad expenditure, which it now projects will rise by 4.1 percent this year as compared with the 4.6 percent gain predicted in March. Zenith said the downward revision was a result of recession and currency devaluation in LatAm territories, including Argentina, Brazil, Ecuador and Venezuela, which account for more than half of the region's ad spend.

NEW YORK: Watch clips and access detailed information on numerous shows by visiting our video portal's dedicated Screening Rooms for NATPE Budapest, Licensing Expo & Sunny Side of the Doc. Visit the Screening Rooms here.

MONTE CARLO: BBC’s Wolf Hall and Sony Pictures Television’s Better Call Saul were among the international series to score Golden Nymph Awards at the 56th Monte-Carlo Television Festival.

LONDON: Actress Janeane Garofalo has been cast in a recurring guest role on TNT and E4’s upcoming new series Foreign Bodies.

NEW YORK: Viacom has reduced its financial expectations for the fiscal quarter ended June 30, citing the "disappointing" theatrical performance of Teenage Mutant Ninja Turtles: Out of the Shadows as well as a delay in completing a significant SVOD agreement.

NEW YORK: Sumner Redstone has removed five members from the Viacom board, including CEO Philippe Dauman.

LOS ANGELES: Basic Lead, organizer of DISCOP markets, has confirmed that DISCOP Istanbul will not be held in 2017.

MONTREAL: Stingray Digital Group has acquired the Festival 4K channel, which has an international customer base.

BEVERLY HILLS: Netflix has acquired U.S. and select international rights for Ricky Gervais’s upcoming film David Brent: Life on the Road, a spin-off of his hit comedy series The Office.