Advanced Television

Funding

WSC Sports raises $23m

WSC Sports, a leader in AI-powered sports video content, announced it has raised $23 million (€25.69m) in Series C funding, bringing the company’s total funding to$39 million. The new capital will be used to further expand WSC’s growth across new sports, products and geographic regions. This funding round was led by Eyal Ofer’s O.G. Tech […]

August 8, 2019

iflix secures new round of funding

iflix, the Southeast Asian largest digital entertainment service, has announced the finalisation of a new round of investment to drive growth ahead of a prospective IPO. This latest round was cornerstoned by Fidelity International, a global asset manager with $379.2 billion assets under management. As part of the round, iflix also welcomes some of the […]

July 22, 2019

MTG: $11m investments in gaming & eSports start-ups

Modern Times Group (MTG), the Swedish operational investment company focusing on, eSports and gaming entertainment opportunities worldwide, has revealed its latest VC Fund investments ahead of the company’s Q2 2019 financial report. Investments in H1 2019 amount to a total of $11 million (€9.8m) including capital commitments and span start-up and growth companies in the […]

July 17, 2019

No more licence for PSB funding

A young person away at college has a knock on the door. An individual with an ID card and a body cam demands a series of answers and reads them their rights on the basis they may have committed the criminal offence of not having a current BBC TV licence. The person in question – […]

July 9, 2019

Minute Media raises $40m in funding round

Global publishing platform Minute Media has raised $40 million (€35.4m) in a funding round with new investors Hamilton Lane and Maor Investments. The company’s existing investors include Battery Ventures, Goldman Sachs, ProSieben, Dawn Capital, Qumra Capital, Vintage Investment Partners and Gemini Israel Ventures. This brings Minute Media’s total funding to $120 million to-date. Minute Media has […]

July 4, 2019

Broadpeak raises €10m from Eutelsat

Eutelsat Communications has announced a €10 million investment – circa 20 per cent – in Broadpeak, an industry specialist in video content delivery solutions. Broadpeak is a supplier of CDN (Content Delivery Network) technologies optimising the delivery of video content over terrestrial and satellite networks to provide end-users with best-in-class viewing quality on all their devices. […]

July 3, 2019By Chris Forrester

SpaceX wants another $315m

SpaceX is reportedly seeking around $315 million (€278m) of new funding despite reportedly anticipating making around $3 billion this year from launching rockets. CNBC said it has seen a document specifying the latest funding round for SpaceX. The Elon Musk-backed rockets-to-satellites business has already raised just over $1 billion this year. The latest batch of […]

July 1, 2019By Chris Forrester

MOBITV $50m growth funding

IP-based video delivery solutions specialist MOBITV has closed over $50m (€44.12m) in funding from Oak Investment Partners, Ally Financial, and Cedar Grove Partners. The funding will be used to accelerate the growth of Company’s international footprint, while it continues to strengthen the MOBITV CONNECT platform for pay–TV operators, which represent an estimated $200 billion in […]

July 1, 2019

Italy: €50 subsidy for DVB-T2 compatibility

Italy’s Ministry of Economic Development has established guidelines for the provision of subsidies to buy TV sets and decoders compatible with the DVB-T2 HEVC/MPEG-4 standards. The total budget is €151 million and the pay-out should start from November 2019, after the end of an ongoing public consultation process. The guidelines propose that the €50 contribution […]

June 20, 2019From Branislav Pekic in Rome

Analyst: French broadcasters focusing on original content

French broadcasters are increasing their investment in local original productions to compete with Netflix’s five million subscriber base in the country, according to analyst firm Ampere Analysis. In 2018,  the big five French players – France Télévisions, Canal+, TF1, M6 and Orange – spent €5.4 billion on content, with over 40 per cent of that […]

June 20, 2019