Category archives for: Funding

Sun Direct raises expansion funds

India’s Sun Direct DTH broadcasting operation in the past year raised 2.6 billion Indian Rupees (€32 million) by way of rights issues to fund capital expenditure. The cash is needed to help fund expansion into digital transmission in India’s Phase 3 and 4 of the nation’s digitisation project. Sun Direct is also planning to reduce its net debt of INR [...]

BAFTA wins online video quality research

The British Academy of Film and Television Arts (BAFTA) has confirmed that BAFTA Research, a commercial business unit operating within the organisation, has won funding from the UK’s innovation agency, the Technology Strategy Board, for its latest research project entitled ‘Resolving Visual Quality for Media’ (REVQUAL). Following BAFTA’s success in the Technology Strategy Board’s ‘Cross-platform Production in Digital Media’ competition, [...]

MPs: ‘Longer-term protection needed for BBC WS’

In a report published on the last day (March 31) that the UK’s Foreign and Commonwealth Office has funding responsibility for the World Service, the House of Commons Foreign Affairs Committee says that it has “clear differences” with the BBC on new arrangements for governance of the World Service. The Committee regrets that the World Service now has no direct [...]

Dozhd TV telethon buys another month

Last week’s on-air Telethon raised enough money for Russia’s Dozhd (Rain) TV to stay on air for another month. “Since the beginning of the marathon to raise funds for the channel, viewers and just people who care have transferred to the Dozhd account enough money for the channel to operate one [more] month,” quotes BBC Monitoring. About Roubles 20 million [...]

YouView funding split revealed

The BBC and other broadcast partners are set to drop their annual contribution to the YouView set top box venture by 85 per cent to around £750,000, (€883,000) leaving BT and TalkTalk to plug the funding gap. ITV, Channel 4, Channel 5 and the BBC have been concerned that a platform originally created to give viewers free access to British-made [...]

YouView future secured

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YouView backers are to sign a £100 million (€117m) deal to secure the future of the online TV service with all seven partners – including the BBC – remaining on board as equal shareholders in the venture. YouView partners – which also include ITV, Channel 4, Channel 5, Arqiva, BT and TalkTalk – are set to agree after protracted negotiations [...]

Embattled Russian TV telethon to stay on air

Moscow-based Dozhd TV which is under threat to closure because of shortage of cash has launched a fund-raising TV telethon, “’Days of Independence: marathon in support of Dozhd’ to raise money for its continued existence, reports BBC Monitoring which quotes Russia’s Interfax news agency. The Marathon will run all this week until March 30th, and the station says special guests [...]

Layer3 TV raises $21m in funding

Describing itself as a ‘next generation cable provider’, Boston-based start-up Layer3 TV has raised $21 million in Series A financing. The funding was co-led by North Bridge Venture Partners and Evolution Media Growth Partners. Evolution Media Growth Partners is a joint venture between private equity firm TPG Growth and Evolution Media Capital. Layer3 TV’s founding team includes a number of [...]

Liberty scraps Sirius-XM merger scheme

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Liberty Media has withdrawn its plan to merge with Sirius-XM. The news emerged after the US markets closed on March 13th. In an announcement, Liberty stated: “We are creating two new tracking stocks, Liberty Media and Liberty Broadband.   We expect to complete the creation of the new tracking stocks by Q3.” Liberty Media says it looks forward to further discussions [...]

BBC: It’s the quality, not quantity, stupid.

There used to be an entire industry devoted to Kremlin watching during the Cold War, it’s a pastime that’s enjoying – if that’s the right word – a revival just now. The BBC bureaucracy has sometimes been compared to the Kremlin and defining, deducing or second guessing its next move sometimes seems as fraught. Lord Hall, the DG, has dropped [...]

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