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Star Times sues Ghana over cancelled contract

China’s Star Times Group is suing the Government of Ghana for $200 million over a cancelled – and allegedly – wrongfully terminated contract. The agreement covered the building and establishing…

MTG invests in ESL

International entertainment group MTG has signed an agreement to acquire 74 per cent of Turtle Entertainment, the world’s largest esports company that operates under the well-known ESL brand with revenues…

OneWeb raises $500m funding

In addition to announcing a strategic partnership with Intelsat and agreeing satellite launch contracts with Arianespace, OneWeb has raised $500 million of funding from a group of leading international companies,…

Qwilt raises $25m

Qwilt the provider of open caching and online video delivery solutions, announced the close of a $25 million Series D funding round. This strategic round, led by Disrupt-ive with a…

BBC DG: ’10 years left of licence fee’

BBC DG: ’10 years left of licence fee’

According to BBC director general Tony Hall, the BBC licence fee has “got 10 years of life left in it,” and he has dismissed the suggestion of replacing the charge…

Foxtel takes Ten stake

Foxtel takes Ten stake

Australian pay-TV operator Foxtel has agreed to buy 15 per cent of Australian commercial broadcasting service Network Ten in a A$77 million deal as part of a capital raising that…

Xiaomi invests in online video

Chinese tech company Xiaomi on has announced an investment of $1 billion (€0.88bn) to build up business in online video. Lei Jun, CEO of the smartphone manufacturer, said Xiaomi would…

Airbus-Safran puts €400m into Ariane-6

Airbus-Safran, the consortium which is building the next-generation Ariane-6 rocket, has agreed to put $440 million (€400m) into the development contract it expects to sign with the European Space Agency.…

UK producers to fight EU copyright changes

The UK’s film and television industries are to lobby against the European Union’s plans to equalise the prices and availability of digital entertainment across member countries, according to politico.eu. Broadcasters,…

Sky: ‘Roku deal shows our innovative edge’

The launch by Sky Italia of the Sky Online TV box is the latest success to come out of Sky’s partnership and investment in US tech company, Roku, according to…

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