Advanced Television

Funding

BBC licence fee rises £10.50; review launched

A review into how the BBC should be funded in the future has been launched by Culture Secretary Lucy Frazer, as new action is taken to reduce the impact of price rises on licence fee payers. The review, supported by a panel of independent experts soon to be announced from across the broadcasting sector and […]

December 7, 2023

Branson: “No more cash for Virgin Galactic”

Sir Richard Branson says he is not putting any more cash into the Virgin Galactic rocket space tourism venture. He told the FT that his business empire “does not have the deepest pockets” any more and that he had learned an expensive lesson with its Virgin Orbit business which went bust earlier in 2023. Virgin […]

December 4, 2023By Chris Forrester

Musk to raise extra cash for SpaceX?

SpaceX plans to sell new shares in December to investors, according to reports. Elon Musk raised around $750 million (€686.9m) in July this year for SpaceX. SpaceX is a closely held business and is expected to issue a tender offer which values the company at about $1.5 billion. The cash raised in July gave the […]

November 23, 2023By Chris Forrester

LucidLink raises $75m in Series C funding

LucidLink, a specialist in enabling instant access to data and real-time collaboration, has raised $75 million (€68.6m) in Series C funding, including secondaries, led by Brighton Park Capital an investment firm focused on entrepreneur-led, growth-stage companies within the software, healthcare, and tech-enabled services businesses space. Major existing investors, including Headline, Baseline Ventures and Adobe Ventures, […]

November 20, 2023

Disney+, Northern Ireland Screen development fund

Disney+ UK and Northern Ireland Screen announced a collaboration during the Belfast Media Festival to help support and grow the production sector in Northern Ireland. Local independent production companies are invited to pitch in a bid to receive a development fund awarded by Disney+ UK and Northern Ireland Screen. The brief: · Female-skewed · Factual […]

November 17, 2023

Astra Space back in the money

Last week rocket builder Astra Space was under threat of missing its banking obligations. Now it has confirmed that it had secured interim financing (“additional debt financing”) from a pair of investors that gives it breathing space for a few days in which it must find more cash to stay afloat. Astra says that JMCM […]

November 8, 2023

ESA extra funding for Arianespace

Government members of the European Space Agency (ESA) have agreed to fund an extra €340 million per year to Arianespace for its planned Ariane 6 rocket currently in development. The cash is needed to pay for the non-activity of Arianespace because its new rocket is extremely late. An inaugural test flight for Ariane 6 is […]

November 7, 2023By Chris Forrester

Coimisiún na Meán additional funding for Ireland radio

Ireland’s new media regulator and media development agency, Coimisiún Na Meánm has approved funding of €2.4 million for the independent commercial radio sector under the Sound & Vision 4 Broadcasting Funding Scheme. Allocations to individual radio stations range from €35,000 to €95,000. The Minister for Tourism, Culture, Arts, Gaeltacht, Sport and Media, Catherine Martin TD, […]

November 7, 2023

Terran Orbital Town Hall: Report

Terran Orbital held a virtual Town Hall meeting for shareholders on October 26th in an attempt to quell dissent amongst certain shareholders. The event provided some key news, not all of it positive, but its share price recovered a little to 84 cents (€0.80). Last week, the share were trading at about 64 cents. Marc […]

October 27, 2023By Chris Forrester

S4C International new Content Fund goes live

S4C’s International’s inaugural Commercial Content Fund is up and running, and actively looking for projects and partners in Wales and Internationally. The fund was set up to support projects that are ambitious and appealing to international audiences. The aim is to share Wales’ unique culture and storytelling capabilities with the world whilst providing a boost to the creative […]

October 10, 2023