Category archives for: Funding

PeerTV confirms new development capital

peerTV

PeerTV, the TV OTT technology solutions provider, announced on July 30th that it has successfully agreed new equity facilities of £1.5 million (€1.88m) which will finance the continuing development and sales drive for its latest breed of Android powered quad core set top boxes, which now include market leading H265 High Efficiency Video Coding. The AIM listed company is already […]

Vadio closes $2m funding

Vadio, the full-scale distribution platform for music video content and ads online, has closed a $2 million seed funding round with backing from music, entertainment and technology investors including Ed Wilson, former President of NBC Enterprises; Robin Richards, former CEO of Vivendi Universal Net USA; Marc Geiger, Co-Founder of Lollapalooza and Partner at William Morris Endeavor; Irwin Federman, Partner at […]

bitmovin closes first financing round

bitmovin, a technology specilaist in adaptive streaming solutions, has received a 7-digit investment from Austrian/US venture fund SpeedInvest and institutional investor Constantia Industries to accelerate development and deployment of its high performance cloud-based encoding platform bitcodin and its efficient bitdash streaming clients for MPEG-DASH. bitmovin is an Austrian start-up that develops and sells high-performance media streaming technology and solutions to […]

KIPCO says “No” to OSN bid

A US-based private equity firm has bid $3.2 billion to buy OSN (the former Orbit-Showtime Network). The news emerged from 60.5 per cent owner KIPCO (the Kuwait Investment Projects Co) which reported the bid in a filing to the Kwait bourse on August 10th. Saudi Arabia’s Mawarid Group owns the rest of OSN, and both KIPCO and Mawarid have rejected […]

Superfast broadband reaches 1m UK homes and businesses

super-fast-broadband

The UK government’s rollout of superfast broadband has now reached more than 1 million homes and businesses across the UK. The £1.7 billion nationwide rollout is firmly on track to extend superfast broadband to 95 per cent of UK homes and businesses by 2017. The rate at which the fibre technology is being rolled out under the programme is rapidly […]

Trellas plans Russia OTT service

Cloud video specialist Vidmind has capitalised on the investment of $30 million from Russian retail group Trellas, by going live through digital TV platform TVzor. TVzor is using the Vidmind cloud-based, hybrid OTT/DTT platform as the foundation for a new ‘primary’ TV service in Russia. Trellas says it is also committed to a follow-on investment to bring Vidmind’s OTT cloud […]

Creative Future chief: BitTorrent ‘insincere’

Torrents

Ruth Vitale, Executive Director of industry body CreativeFuture, has rounded on file-sharing technology company BitTorrent, questioning its sincerity in proposing that its users help finance new content and gain viewing rights, suggesting it has thus far failed to create a workable business model. Writing in the Creative Future Blog, Vitale asks: “How does BitTorrent, Inc. feel about the fact that […]

CSA rejects DTT FTA migration

French broadcast regulator the Conseil supérieur de l’audiovisuel (CSA) has rejected applications from three channels to migrate from pay-TV channels on France’s digital terrestrial TV platform to become free-to-air . The three channels – LCI, Paris Première and Planète + – had sought to change their funding status under provisions that allow the CSA to permit the migration of a […]

BSkyB doubles investment in virtual reality start-up

BSkyB has more than doubled its investment in Jaunt, a Silicon Valley-based firm developing 360-degree virtual reality cinema. The $400,000 equity investment follows a $350,000 equity investment made by Sky during an earlier round of funding in December 2013. “These investments provide Sky with additional insight into developments within the field,” the company said in a statement.

YouView expansion plans as shareholders agree

UK on demand TV service YouView says it is demonstrating further momentum and ambition following the completion of its shareholder agreement. The agreement guarantees five years of funding by all seven shareholders including BT and TalkTalk (which gives YouView scale in the UK broadband market), the BBC, ITV, Channel 4, Channel 5 and Arqiva. The service has passed well over […]

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