Category archives for: Funding

BBC’s Hall: ‘We must reinvent for Internet age’

tonyhall

In a wide-ranging speech to staff on ‘The BBC in the Internet era’, Tony Hall, BBC Director-General, has said the Corporation will need to do even more to support creativity in the Internet age and warned against the consequences of a UK dominated by “global gatekeepers, partial news and American taste-makers”. Hall’s comments followed the recent Select Committee report on […]

Aereo bankruptcy auction raises less than $2m

Internet entertainment streaming service Aereo, which late November 2015 filed a voluntary petition for Chapter 11 reorganisation in the US Bankruptcy Court for the Southern District of New York, has garnered less than $2m from an auction of company’s assets, despite suggesting at the time there was “very substantial interest in the assets”. Aereo suspended its operations June 28th 2015 […]

MPs: ‘No long-term future in BBC licence fee’

bbc-sign

An influential group of UK MPs has said it sees no long-term future in the BBC licence fee and set out advantages of a broadcasting levy. It considers the BBC still a valued and important feature of national life but in need of stronger governance and more challenging, independent oversight if it is to be held accountable. In a major […]

Fitch affirms Sky ‘BBB-‘ rating

Global rating agency Fitch Ratings has affirmed Sky’s Long-term Issuer Default Rating (IDR) and senior unsecured ratings at ‘BBB-‘ following the announcement of the latest English Premier League (EPL) rights auction. The Rating Outlook on the IDR is Stable. The rating affirmation takes into account the material programming cost inflation Sky faces from FY17, the first year of the newly […]

Virgin Media €4bn broadband boost

virgin-media

UK broadband cable MSO Virgin Media is embarking on ‘Project Lightning’, which it describes as the single largest investment in broadband digital infrastructure in the country for more than a decade; creating thousands of new jobs in what will be a multi-billion pound boost to the national economy. With the support of parent company Liberty Global , Virgin Media will […]

Google puts $900m into SpaceX

Satellite rocket launch company SpaceX has received a $900 million investment from Google, in order to “support continued innovation in areas of space transport, reusability and satellite manufacturing”. The amount emerged in a February 9th SEC filing in the US.  SpaceX had earlier reported that it had received a $1 billion cash injection but that the sum included participation from […]

Eutelsat investing in SIGFOX for IoT and M2M

Sigfox, a French provider of connectivity for the ‘Internet of Things’, has secured $115 million in financing from a portfolio of strategic and financial investors, including Eutelsat. “Eutelsat’s investment in SIGFOX signals our conviction that satellites can accelerate the development of the IoT market, both in terms of reach and reliability,” said Jean-Hubert Lenotte, director of strategy at Eutelsat. “Eutelsat […]

Simplestream £2m funding for global roll-out

OTT live streaming specialist Simplestream has secured an additional £2 million (€2.68m) in equity funding from a consortium including Beringea, a leading growth capital firm with a focus on media and technology companies, and YOLO Leisure and Technology, an AIM listed investment company. The investment will accelerate the expansion of Simplestream’s video streaming platform in the UK and internationally, and […]

Google puts $1bn into SpaceX

google

While most of the market expected Google to invest cash into Elon Musk’s 4000-satellite project given that Google has already talked of backing similar ventures (Project Loon), it has now emerged that the investment cash will go into Musk’s satellite launching rocket venture SpaceX. At the moment it would appear that Musk’s satellite project is going to be held within […]

Amagi completes funding round

Amagi, the expert in cloud-based TV broadcast infrastructure and content regionalisation platforms, has announced their next round of investment from Premji Invest, a $2 billion PE fund and their existing investor Mayfield. Premji Invest is the investment arm of Azim Premji, chairman of multi-billion dollar IT giant Wipro. Atul Gupta, principal in Premji Invest, has been appointed as an additional […]

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