Category archives for: Funding

Google puts $1bn into SpaceX

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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 […]

Cable Europe: ‘Infrastructure leader, not laggard’

CableEurope

In the run-up to Cable Congress in mid-March in Brussels, Matthias Kurth, Executive Chairman, Cable Europe, has suggested that Europeans might have the opportunity to lead the way when it comes to investment in broadband and digital infrastructure. In a blog post, Kurth noted that in the last few years, the cable sector had been in a permanent state of […]

YouTube Whistle Sports raises $28m

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Whistle Sports, a Youtube sports network for the young, raised $28 million in a funding round that included investors Liberty Global and Denver Broncos quarterback Peyton Manning. Traditional media companies have been on the hunt to invest in YouTube networks, also known as multi-channel networks, or MCNs, which draw in younger viewers to watch inexpensively produced videos. Emil Capital Partners, […]

India’s d2h takes US investor

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Videocon-backed pay-TV operator d2h has entered into an agreement with Silver Eagle Acquisition Corp (SEAC) whereby SEAC will invest $300 million for a 33.5 percent stake in d2h, and valuing d2h at about $900 million, although enterprise value of the broadcaster is said to be about $1.2 billion. SEAC is backed by serial investors Harry Evans Sloan and Jeff Sagansky, […]

Struggling Paris Première hopes to stay on air

Flag of France

French pay-TV channel Paris Première, despite having been on air since December 1986, is struggling to stay solvent. Unfortunately it is not alone. A slew of similarly well-established premium pay channels are either about to close or have something of a death sentence hanging over their heads. Paris Première is now owned by giant commercial network TF1. TF1 has been […]

Telstra, Sky invest in Elemental

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Elemental Technologies, a specialist in software-defined video solutions for multiscreen content delivery, has secured $14.5 million in series D financing led by Telstra, Australia’s largest telecommunications and information services company. Telstra is joined in the round by Sky, Europe’s largest entertainment company, and existing investors General Catalyst Partners, Norwest Venture Partners and Voyager Capital. Elemental will use the funds to […]

EBRD €24m loan to Serbia to complete DSO

The European Bank for Reconstruction and Development (EBRD) has approved a €24 million loan to Serbian public company Emisiona Tehnika i Veze for completing the transition from analogue to digital TV broadcasting. However, it is already certain that the full amount of the allocated resources will not be spent, given that for the purchase of digital broadcasting equipment, instead of […]

Ofcom launches PSB review

UK comms regulator Ofcom has published a consultation on its third review of public service broadcasting against a backdrop of what it suggests is reduced viewing of and investment in such services. The latest review examines how the BBC, ITV, STV, UTV, Channel 4, Channel 5 and S4C have fulfilled the purposes of public service broadcasting (PSB) since Ofcom’s 2008 […]

Eutelsat hamstrung by French tax rates

Investment bank Berenberg, in a 10-page report on satellite operator Eutelsat, says it is increasingly difficult to accurately compare and contrast Eutelsat with its Luxembourg rival SES. The bank’s headline advice is for investors to “HOLD” their positions in Eutelsat despite the operator paying “well over two-times the tax rate of SES” and also having an above sector average exposure […]

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