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Vice’s Smith ‘digital media crisis coming’

Vice’s Smith ‘digital media crisis coming’

Despite his own Vice Media’s massive success, Shane Smith used the MacTaggart Lecture at the Edinburgh TV Festival to warned there was a crisis coming in the media industry with…

Crowd-funded VR 4K satellite close to launch

Crowd-funded VR 4K satellite close to launch

It’s a scheme that’s guaranteed to give a highly-personalised Virtual Reality experience from some hundreds of kilometres out in space. SpaceVR has raised some crowd-funding cash to start building Overview-1,…

FloSports announces $21.2m funding

FloSports has received $21.2 million (€18.7m) in new funding to accelerate the online sports network’s growth into new sports and expand its existing verticals. DCM Ventures and Bertelsmann Digital Media…

Sky, Channel 4 back TV rights venture TRX

Sky, Channel 4 back TV rights venture TRX

Dial Square 86 Limited, the holding company for The RightsXchange Limited (TRX), has confirmed that pay-TV broadcaster Sky and UK public service broadcaster Channel 4’s Indie Growth Fund have invested…

Kaltura: $50m Goldman Sachs investment

Video technology provider Kaltura has secured a $50 million (€45.1m) pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Kaltura will use the additional capital to extend its footprint across…

Spain: RTVE financial model under fire

Spain: RTVE financial model under fire

The Spanish Competition Authority CNMC has urged the government to review the financial model of public broadcaster RTVE in order to guarantee its stability. In a report, the watchdog body…

Time Warner takes 10% Hulu stake

Time Warner takes 10% Hulu stake

Time Warner is to become a 10 per cent owner of premium streaming TV service Hulu. Time Warner joins The Walt Disney Company, 21st Century Fox, and Comcast in the joint…

UK takes a bullet for BT

A number of headlines today advise that BT has dodged a bullet as Ofcom has not forced it to sell Openreach. The market agrees, and BT shares picked up 3…

EchoStar’s Hughes taps market for $1bn

Hughes Satellite Systems, a subsidiary of EchoStar Corp, is looking to raise up to $1 billion by issuing senior secured notes. Hughes says the net proceeds of the exercise will…

Record $2bn AR/VR investment in last 12 months

Record $2bn AR/VR investment in last 12 months

Pokémon Go isn’t the only breakout Augmented/Virtual Reality (AR/VR) success this year. Early stage VCs and corporates invested a record $2 billion (€1.8bn) into AR/VR startups in the last 12…

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