Category archives for: Funding

Canada bank helps fund Hispasat satellite

Export Development Canada is financing €140 million towards the overall costs of building Amazonas-5. Amazonas-5 is being built for Madrid-based satellite operator Hispasat by Canadian satellite-builder MacDonald, Dettweiler & Assoc (MDA). MDA owns Space Systems/Loral.  This is the fourth SSL-supplied satellite for Hispasat.  The order was placed with SS/L back in December 2014 and is due to launch in 2017. […]

Quickplay raises C$57m

Quickplay, the global player in powering premium video to any device, has secured C$57 million (€41.5m) in growth capital from private equity owner Madison Dearborn Partners, financing partner Orix Ventures  and Difference Capital Financial. With more than C$150 million of total investment since the company’s inception in 2003, Quickplay now claims to be the largest end to end managed service […]

RTVE exempted from VAT

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The Spanish government is to inject new public funds into broadcaster RTVE, operator of the public channels La 1 and La 2 among other channels, by freeing it from paying VAT (value-added tax). The TV company will save €91.7 million which will mitigate its weak financial situation with a loss of €133 million in 2014. Public Regional TV stations, also […]

Sky invests further $5m in 1Mainstream

Sky has invested a further $5 million in 1Mainstream, an OTT startup company that operates an automated platform for the distribution of linear and on-demand video to Internet-connected devices.  The investment, which is in the form of a convertible debt security, builds on the $2 million already invested by Sky in August 2013. 1Mainstream’s platform provides automation technology to enable […]

Liberty Global, Discovery boost Formula E

Liberty Global and Discovery Communications have signalled their growing interest in the field of premium sporting rights by becoming minority shareholders in Formula E Holdings Ltd, the company behind the organisation and promotion of the electric single-seater car race series inaugurated by motorsport’s governing body, the FIA. According to Formula E, the arrival of these two global media companies represents […]

UK creatives call for political commitment

A cross-party gathering of UK Ministers, MPs and Peers, industry members of the Creative Industries Council (CIC) is urging political parties to continue working with industry to ensure the global success of the UK’s creative industries after the General Election. Leading figures from the creative industries are calling on politicians to make the sector, which brings in £8.8 million per […]

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

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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’

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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 […]

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