Advanced Television

Funding

tvScientific raises $9.4m in convertible note funding

tvScientific, the performance advertising platform for connected TV (CTV), has announced that the company had raised $9.4 million (€8.6m) in a convertible note funding round that included new investors S4S Ventures, BDMI, and Progress Ventures joining investors including NBCU/Comcast, Norwest Capital Partners, Aperiam Ventures and Hearst Ventures. With tvScientific, advertisers can buy and execute performance […]

February 29, 2024

EchoStar planning $3bn bond sale

EchoStar, which now owns Dish Network, and having suffered two reversals in its plans to raise fresh borrowings, is now contemplating raising $3 billion (€2.78bn) by issuing debt which is backed by its spectrum assets. A report from Bloomberg says that EchoStar could issue new notes backed by 20 MHz of its AWS-4 terrestrial spectrum, […]

February 19, 2024By Chris Forrester

Kleo Connect out of cash

China-backed – but Germany-based – would-be satellite constellation Kleo Connect has reportedly run out of cash, and laid off staff effective April 30th. The Chinese company behind Kleo, Shanghai Spacecom Satellite Technology (SSST) are also the sponsors of China’s G60 mage-constellation. However, SSST on February 1st raised 6.7 billion Yuan (about €877 million) in fresh […]

February 5, 2024By Chris Forrester

Rocket Lab to raise $275m

Rocket Lab is a major supplier of launch and space systems. Its Electron launch vehicle is the second most frequently launched US rocket annually and has delivered more than 176 satellites to orbit for commercial and Government partners, including NASA, the US Air Force and other governmental agencies. Long Beach-based Rocket Lab, founded in 2006, […]

February 2, 2024By Chris Forrester

AST SpaceMobile raises an extra $14m

Such is the market’s enthusiasm for AST SpaceMobile’s prospects that the company’s financial underwriters have successfully placed another 4.83 million shares and, after fees and expenses, the net proceeds will be $14.1 million (€13m). Texas-based AST is proposing a global satellite ‘direct-to-smartphone’ service to commence within the next year or so. Last week it received […]

January 31, 2024

TF1 files France Télévisions state aid complaint

French commercial broadcaster TF1 group has filed a complaint with the European Commission for “illegal state aid” against PSB group France Télévisions. The abolition of the TV licence fee, to be replaced by the allocation of a portion of VAT, is at the heart of TF1’s argument, according to Le Figaro. “This change in financing […]

January 23, 2024From Pascale Paoli-Lebailly in Paris

AST SpaceMobile gets major cash injections

Texas-based AST SpaceMobile, which wants to provide a global satellite-to-smartphone services, has received some major investments from major telcos and Google. But there’s also bad news. The cash, totalling some $263 million (€241.4m), comes from AT&T, Vodafone and Google. The finance, according to consultant Dr Tim Farrar (of TMF Association) suggests that the extra cash […]

January 22, 2024

Ergen seeks $4.9bn swap of new bonds

Charlie Ergen’s EchoStar is reportedly looking to swap around $4.9 billion (€4.4bn) of debt for new bonds that will be backed by the company’s extensive portfolio of 5G wireless spectrum. The plan was announced after the market closed on January 12th and in essence said that holders of existing convertible debt – already significantly downgraded […]

January 15, 2024By Chris Forrester

ESA ups investment in key satellite areas

Josef Ansbacher, the European Space Agency’s (ESA) director general, in its annual press briefing, said it is looking for ideas for missions and system concepts to help us reach our goal of long-term orbital sustainability. The new programme looks forward to 2050 and ESA is upping its budget by 10 per cent this year. However, […]

January 15, 2024By Chris Forrester

£300k to support West of England production workforce

A new skills training programme to support creatives looking to break into behind-the-camera roles on scripted film and high-end TV productions made in the West of England will launch later this month. It comes after Bristol City Council’s Film Services have secured almost £300,000 (€348k) from the West of England Mayoral Combined Authority, led by […]

January 8, 2024