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Entertainment trade body urges HMV survival

Entertainment trade body urges HMV survival

Industry trade body the British Association for Screen Entertainment (BASE) has responded to the news that UK entertainment retailer HMV has entered administration for the second time in six years,…

SenseTime raises $2bn for AI

SenseTime Group, the world’s most valuable artificial-intelligence start-up, is preparing for a new financing round with the China-baned company aiming to raise about $2 billion in fresh funding this year.…

Eutelsat’s chameleon ‘Quantum’ satellite takes shape

Surrey Satellite Technology (SSTL), based in Guildford, UK, unveiled its portion of Eutelsat’s highly versatile ‘Quantum’ satellite on January 9th. The satellite is being built under a public–private partnership between…

Sky takes stake in Synamedia

Sky takes stake in Synamedia

Sky is taking a stake in TV software and content protection business Synamedia, where Dr Abe Peled is chairman. Sky joins Synamedia’s existing major shareholder Permira in the company, which…

MTG: New financing, Nova sale talks

International digital entertainment group MTG has secured a SEK 1 billion (€98m) credit facility from Nordic financial group Nordea, which will provide additional funding for MTG after the spin-off and listing…

Innovid receives $30m in funding from Goldman Sachs

Innovid, the video advertising platform, has secured $30 million in pre-IPO funding from Goldman Sachs’ Private Capital Investing group. Innovid will use the additional capital to further its innovation and…

Musk raises another $1bn for Mars ‘Starship’

Elon Musk was been busy tweeting over the holidays, talking about a visit to Boca Chica, South Texas to view construction on his ‘Starship Alpha’ space rocket, and telling fans…

Australia: Additional funding for VAST TV service

Australia’s Minister for Regional Services Senator Bridget McKenzie has announced A$10 million in additional funding to secure the Viewer Access Satellite Television Service (VAST) for regional Australians until 2021. VAST…

Accedo raises $17m in growth capital

Accedo, the video experience specialist, has raised $17 million in equity to further drive its growth over the coming years. This round of financing was led by SEB Private Equity,…

OneWeb denies Russian investment

OneWeb, which wants to place at least 600 satellites into orbit and supply the planet with broadband service, has denied it wants Russia to take a stake in the business.…

HMV enters administration

HMV enters administration

UK entertainment retailer HMV has entered administration for the second time in six years. A Statement from HMV’s owner Hilco Capital said the HMV Board had resolved to appoint Administrators…

Zegona withdraws Euskaltel tender offer

Zegona withdraws Euskaltel tender offer

London-based investment house Zegona Communications is not proceeding with its partial tender offer to acquire up to a maximum of 14.9 per cent of the outstanding share capital of Spanish…

Alliance promotes blockchain in entertainment industry

A growing consortium of Hollywood and International entertainment companies have formed the Blockchain Global Entertainment Alliance (BGEA) with the goal to promote blockchain technology adoption for the entertainment industry and…

Scottish investor for SpaceX

Scottish investor for SpaceX

SpaceX has raised a reported $500 million in fresh funding. One portion of the cash injection comes from Scotland-based investment management firm Baillie Gifford. Baillie Gifford is also the largest…

Ofcom plans rural connectivity boost

Ofcom plans rural connectivity boost

Mobile and broadband coverage are improving in the UK, but too many rural areas still get a poor signal – according to Ofcom’s major study of the UK’s communications networks.…

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